Real Estate Report presented by Carmen Miranda~Diamond Certified

December 2019 Report

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


Median Price
$1,582,500
+1.4%
Average Price
$1,931,490
-1.8%
No. Sold
314
-17.2%
Pending Properties
316
-11.5%
Active
372
-31.1%
Sale/List Price Ratio
103.0%
-0.8%
Days on Market
25
+8.3%
Days of Inventory
34
-19.6%

Market Barometer

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Market Commentary

Home Prices Mixed, Sales & Inventory Down

The median price for single-family, re-sale homes rose both from the month before and year-over-year. The average price, on the other hand, was down for both time periods.

Average price falling while median price rising is, usually, an indicator of falling demand or resistance to prices in the high-end of the market.

The median price was up 1.4% from October and up 5.5% compared to last November.

The average price fell 1.8% from October and was down 1.4% compared to last November.

The sales price to list price ratio dropped from 103.8% to 103%.

Home sales dropped 17.2% from October, and, they were down 3.1%, year-over-year. There were 314 homes sold in San Mateo County last month. The average since 2003 is 398. Year-to-date, home sales are down 2.9%.

Inventory was down for the fourth month in a row, dropping 20.2% compared to 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 nine days to thirty-four days.

As of December 5th, there were 372 homes for sale in San Mateo County. The average since January 2003 is 1,287.

It is taking twenty-five 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 0.7% year-over-year. It was down 1.1% from October. The average sales price rose 0.6% from October. Year-over-year, the average sales price gained 1.6%.

Condo sales rose 20.7% year-over-year. Year-to-date, condo sales are down 1.2%.

Inventory continues to expand. It has been higher than the year before sixteen months in a row. It gained 25.5% over last November.

As of December 5th, there were 138 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory dropped to thirty-eight from forty-two.

It is taking thirty-four days to sell a condo.

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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