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.
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.