Special offer

Looking to Buy a Home in San Mateo County?

By
Real Estate Agent with Eleven Oaks Realty

So you want to buy a home in the Bay Area and you've targeted San Mateo County, California? You've made a smart choice. As we've discussed already, despite the mortgage crisis and rumors of a recession, it has remained relatively stable.

But then you read that there has been to date a 34% drop in home sales in the Bay Area and now you're scared - don't be. While the total number of sales is down, the price of the homes in San Mateo County is another story.

Based upon information taken from the local MLS - the database used by real estate professionals, lenders and appraisers - the average price over the last 2 years has risen 33.83% and median price is up 3.90%. Statistics show that over a three year period from February 2006 through February 2008, the average price has risen 30.56% and median price is up 1.33%.

Feb 07 vs. Feb 08 San Mateo County Home Prices

For more about the current San Mateo housing market, read our full post, Looking to Buy a Home in San Mateo County?

Comments (0)