market report: San Mateo County Real Estate Activity - Update Q2 2019
- 09/04/19 07:20 PM
While real estate activity in some parts of the country is beginning to soften, I don't see signs of that in most of the market segments in San Mateo County, California.
Not only is San Mateo County home to a number of bio-tech firms and established firms like Oracle and United Airlines, it also home to four of LinkedIn's 2019 top ranked startups. Located between San Francisco and the Silicon Valley helps keep unemployment low and home sales strong.
Take a look at these two charts which take a close look at two important metrics, median home prices and days on market by city.
These charts give … (15 comments)
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market report: Real estate market trends, 2 San Francisco Peninsula Towns
- 01/28/18 08:20 AM
My office, Today Sotheby's International Realty, is located downtown San Carlos, California. I am asked many times a week, "how's the market?"
Today we'll take a look at the single family home market for San Carlos and for Belmont, the adjacent town.
Both towns are similar in population (27,081 for Belmont; 29,797 for San Carlos as of 2016.) Both have good schools which draws many people to these towns. Both are located mid-way between San Francisco to the north and the Silicon Valley to the south. Belmont is known for it's more winding streets and Carmel-like feel. (The first photo captures that.) … (6 comments)
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market report: SOLD - Mountain View, CA, continues it's hot streak
- 06/24/17 10:33 AM
As many of us know, the real estate market in the Silicon Valley is hot, and continues to be so.
The charts below illustrate what we've been seeing in the last 12 months in the condo and townhouse market in Mountain View.
Months of inventory for the last 3+ years has been low, and continues its downward trend.
Mountain View condos and townhouses sell quickly and well, and proper pricing, preparation, marketing, and knowing how to reach your target buyer demographic can produce stellar results.
While the average sale price to list price ratio was 101.7%, my recent seller received 107.8%. Is that result typical? As … (7 comments)
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market report: What's the market like in Belmont, California 94002?
- 07/23/15 01:55 AM
What's the market like? That's a question I hear often.
In most of our San Mateo County and Silicon Valley towns, as well as in San Francisco, there is a shortage of inventory, with many ready and able buyers for the few listings available.
Today we'll take a look at Belmont, California, a town with a population of roughly 26,750. The following information for single-family homes was compiled this morning from our Multiple Listing Service.
14 active listings (yes, only 14 in the entire town) These range in price from $950,000 to $2,248,000, with a median list price of $1,399,000. 17 pending … (2 comments)
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market report: How's the market in Redwood City, CA?
- 05/22/15 06:22 AM
"How's the market" is a question I hear a lot. We'll take a look at what's going on in Redwood City, one of the larger cities in San Mateo County, with roughly 81,000 residents. Like its famous neighbor some miles up the road, San Francisco, we jokingly say that the city's bird is the crane -- construction cranes are seen everywhere!
Two days ago our Multiple Listing Service showed:
Single Family Homes:
34 Active listings, with a median list price of $1,350,000 49 Pending sales 59 Closed sales in the last 30 days. Of these, 3 sold under asking; … (7 comments)
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market report: How's the Market in Belmont, CA 94002?
- 05/22/15 01:32 AM
"How's the market" is a question I hear a lot, so let's take a look at what's going on in Belmont, a city with roughly 26,700 residents:
As of Thursday, on our Multiple Listing Service we had:
Single Family Homes:
5 Active listings, with a median list price of $1,488,000 18 Pending sales 26 Closed sales in the last 30 days, 25 of which sold for over asking Condos/Townhouses:
0 Active listings 3 Pending sales 4 Closed sales in the last 30 days; 3 sold over asking; 1 at asking
We're definitely in a strong sellers' market, … (3 comments)
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market report: What's the condo market like in Silicon Valley?
- 01/26/15 11:17 PM
"Are condos selling in our area [the Silicon Valley towns in California]? What's the market like?"
Questions I hear often, so let's take a look:
The above chart shows selected towns on the Peninsula and activity in 2014. All markets performed extremely well - prices high, days on market short.
Yesterday we looked at the first four towns to see what was happening these first few weeks of 2015.
Now let's look at Menlo Park, Palo Alto, Mountain View and Sunnyvale, some of the towns in the heart of the Silicon Valley. Here's what we see today in the … (6 comments)
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market report: Market Report: Real Estate Activity, San Carlos, CA
- 04/17/10 10:44 AM
Market Report: Real Estate Activity, San Carlos, California
It's interesting to compare market activity in San Carlos, California during the first quarter of 2009 and 2010. Although listings have picked up these last few weeks, during the first quarter of years they were sparse. Following is a glimpse of what we saw for single family residences in San Carlos. If you'd like details about condominiums or your particular neighborhood in town, give me a call.
First Quarter, 2010 First Quarter, 2009 Current Inventory 59 82 Closed Sales 36 33 Average Days on Market 59 47 Average … (2 comments)
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While real estate activity in some parts of the country is beginning to soften, I don't see signs of that in most of the market segments in San Mateo County, California. 
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