Luxury Home Market, San Mateo County & Silicon Valley

By
Real Estate Agent with Compass CA DRE# 01215160

Patrick Carlisle, Compass' Chief Market Analyst for the San Francisco Bay Area digs deep into market stats to enable us help you understand our local real estate market better than from just reading headlines about nationwide trends.

One of his reports that caught my eye today was his Luxury Home Market Report for San Mateo County and the Silicon Valley.

Silicon Valley and San Mateo Count Luxury homes

You can read the entire report here. It's interesting to see which local cities had sales over $3,000,000, which is the defining luxury home market price here. Los Altos Hills lead the way; San Carlos has 2 reported. I know of at least one $3,000,000 sale in San Carlos already in 2019. Also of interest is the average Days on Market (DOM) which is longer in the luxury market than for the more moderately priced homes, yet still quite short, indicating a strong market.

If you have questions about your particular neighborhood and price point, please don't hesitate to reach out to me. The more one knows, the better informed decisions can be.

 

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Tags:
luxury homes
market statistics
silicon valley
san mateo county
3million dollar plus homes

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Rainmaker
2,191,370
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Do you believe it, Lottie, we just had a $3 million+ sale in East Sacramento of all places. Not even oceanfront.

Feb 07, 2019 07:25 PM #1
Rainmaker
3,362,941
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lottie, I always smile when I read Luxury Market reports all over the country... we have Luxury, then we have Ultra Luxury and then we have uber luxury.... I just read an email where the agent was quietly marketing three properties and the price tag was between $50million to $80million, Endre

Feb 07, 2019 10:57 PM #2
Rainmaker
602,660
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 08, 2019 12:05 AM #3
Rainmaker
4,432,838
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Feb 08, 2019 05:15 AM #4
Rainmaker
1,897,436
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents - I do believe 3M in Sacramento; is it a special place?

Feb 08, 2019 06:49 AM #5
Rainmaker
1,897,436
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thank you, Gita Bantwal for being so supportive. Wishing you continued success.

Hello Sally Crane - I like the way you think! Thank you.

Feb 08, 2019 06:50 AM #6
Rainmaker
1,897,436
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Endre Barath, Jr. - what's interesting to me in this report is how many towns up and town the Peninsula are seeing homes selling above 3M. Hillsborough, Atherton, Los Altos Hills and much of Palo Alto have long been enclaves for wealth. Most of the other towns with properties over 3M are nice, ordinary towns, where 3M is quite extraordinary. Shows the trend for the entire Silicon Valley/San Mateo County.

Feb 08, 2019 06:54 AM #7
Ambassador
3,161,476
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I guess that price point in your area is like the $1.5 Million price point out here.  Not common, but not at all unusual.

Feb 08, 2019 08:22 AM #8
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Rainmaker
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Lottie Kendall

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