Real Estate Report presented by Carmen Miranda~Diamond Certified

November 2019 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >

Median Price
Average Price
No. Sold
Pending Properties
Sale/List Price Ratio
Days on Market
Days of Inventory

Market Barometer

Enlarge >

Market Commentary

Home Prices & Sales Mixed in October

After falling four months in a row, prices for single-family, re-sale homes were up in October, month-over-month. The median sales price rose 4.3% and the average sales price gained 13%. Year-over-year, the median sales price fell 3.9%, and the average sales price fell 0.8%.  

The sales price to list price ratio rose from 103.5% to 103.8%.

Home sales rose 28.9% from September, but, they were down, year-over-year, by 3.8%. There were 379 homes sold in San Mateo County last month. The average since 2003 is 398.

Inventory was down for the third month in a row. Last month, it was down 3.4% over last year.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, fell fifteen to forty-three days.

As of November 5th, there were 540 homes for sale in San Mateo County. The average since January 2003 is 1,287.

It is taking twenty-three days to sell a home. That is the time from when a home is listed to when it goes into contract.

The median sales price for re-sale condos fell 1.2% year-over-year. It was down 3.6% from September. The average sales price fell 0.4% from September. Year-over-year, the average sales price dropped 2.9%.

Condo sales rose 17.3% year-over-year. 

Inventory continues to expand. It has been higher than the year before fifteen months in a row. It gained 41.7% over last October.

As of November 5th, there were 181 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory dropped to forty-two from sixty-nine.

It is taking only twenty-six days to sell a condo.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

Enlarge >

Days of Inventory

Enlarge >

Sales to Date

Enlarge >

Sales Price Ratio

Enlarge >