Real Estate Report presented by Carmen Miranda~Diamond Certified

February 2021 Report

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


Median Price
$1,914,500
+21.9%
Average Price
$2,458,150
+21.1%
No. Sold
234
+1.7%
Pending Properties
366
+26.2%
Active
321
+11.8%
Sale/List Price Ratio
104.8%
+1.6%
Days on Market
29
-11.4%
Days of Inventory
37
-1.1%

Market Barometer

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Market Commentary

Home Sales Prices Set New Highs in February

The median sales price for single-family, re-sale homes set a new high of $1,914,000 last month. It rose 24.4% compared to last year. That’s the ninth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes also set a new high last month. It was up 14.4% year-over-year.

The sales price to list price ratio rose to 104.8% from 103.1%.

Sales of single-family, re-sale homes in San Mateo County were up for the eighth month in a row, year-over-year, in February. They rose 13.6% year-over-year. There were 234 homes sold in San Mateo County last month. The average since 2000 is 398.

Inventory of single-family, re-sale homes was down 2.7% compared to last year. As of March 5th, there were 321 homes for sale in San Mateo County. The average since January 2000 is 1,287.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, stayed at thirty-seven days.

It took twenty-nine days, on average, to sell a home last month. 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 11.1% year-over-year. 

Year-over-year, the average sales price fell 3.4%.

Condo sales were up 38.4% year-over-year. There were 101 condos sold last month. The average since January 2003 is 122.

Inventory was up 42.7% year-over-year.

As of March 5th, there were 137 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory fell to thirty-seven from fifty-one.

It took an average of thirty-five days to sell a condo last month.

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

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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