San Mateo County Real Estate Activity - Update Q2 2019

By
Real Estate Agent with Compass CA DRE# 01215160

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.2019 Q2 median house prices, San Mateo Co.

Average Days on Market, SM Co, Q2 2019

These charts give us a good overview of what has transpired in the last quarter. I find the days on market extremely interesting; the short time period tells us that buyers continue to be ready, willing and able to buy.

Looking at just two of the San Mateo County cities, San Carlos and Belmont, we see what the current market looks like as of a few days ago.

Belmont:

  • Number of Active listings, single family homes: 15, ranging from $1,525,000 to $3,600,000, with a median list price of $1,895,000
  • Number of Active listings, condominiums and townhouses: 4, ranging from $665,000 to $1,199,975. Median list price: $868,000

San Carlos:

  • Active listings, single family homes: 20, ranging from $1,248,000 - $3,700,000. Median list price: $1,966,500.
  • Active listings, condominiums and townhouses: 7, ranging from $859,000 to $1,400,000. Median list price: $1,150,000

Good decisions are easier to make when armed with information. Part of my job is to show you the micro-market conditions so you are able to make the best decision for your specific needs.

If you would like details about your town, or your neighborhood, or your specific property, please let me know. I'm happy to provide it.

 

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California San Mateo County
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San Francisco Bay Area Real Estate
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Tags:
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san mateo county
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q2 2019 market update

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Rainmaker
605,960
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.

 

Sep 04, 2019 09:01 PM #1
Rainmaker
3,593,712
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lottie. Your market remains California strong. Thanks for the update. Enjoy your day!

Sep 05, 2019 04:26 AM #2
Rainmaker
3,463,507
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Lottie... I've said it before and I'll say it again... your home prices leave me gob-smacked!

Sep 05, 2019 07:29 AM #3
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Sally Crane - thanks for your nice comments. Wishing you a great day, Lottie

Sep 05, 2019 07:35 AM #4
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello Wayne Martin - "California Strong" describes our real estate and our local economy well. Wishing you a great day, too.

Sep 05, 2019 07:37 AM #5
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Nina Hollander - I'm "gob-smacked" too. Amazing to realize how many people can afford these median priced homes and condos.

Sep 05, 2019 07:38 AM #6
Rainmaker
3,463,507
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That too, Lottie. Those stratospheric incomes are not the norm here in the Charlotte region.

Sep 05, 2019 07:41 AM #7
Ambassador
3,998,180
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lottie my wife grew up in San Mateo.  It is amazing how much the property values have gone up there.

Sep 05, 2019 12:23 PM #8
Rainmaker
2,749,642
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable real estate market data for home buyers and sellers in San Mateo, Lottie.

Sep 05, 2019 05:42 PM #9
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thanks, Myrl Jeffcoat - I hope so!

Nina Hollander - those incomes look great, but with rents and home prices so high, $200,000/year doesn't mean riches!

Interesting, George Souto - the City of San Mateo, has appreciated as much as other nearby towns. It, like Redwood City, are larger,more diverse cities, so the median prices for the entire city are lower; some neighborhoods/areas just as high.

Sep 05, 2019 06:31 PM #10
Rainmaker
2,187,267
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Lottie Kendall - Back in the late 1970s or early 1980s I had the good fortune to travel to Hewlett Packard and visit with friends in San Mateo. It was such a gorgeous area and I found out many people from HP chose San Mateo because it was more affordable than Palo Alto and they felt more comfortable there too. Plus, they loved being close to the ocean. From what you told me in this post, it's these anchor Tech Companies that keep the economy thriving. 

I wish you great sales and really good buyers and sellers always. 

Sep 08, 2019 09:56 PM #11
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Patricia Feager, MBA, CRS, GRI,MRP - Hewlett Packard is considered by many to be the granddaddy of the high tech explosion, and Palo Alto has been one of the most expensive cities in the area for a variety of reasons (proximity to Stanford, excellent schools, a civic-minded town, etc.) Still true today.

Sep 09, 2019 07:34 AM #12
Rainmaker
2,187,267
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Lottie Kendall - Thanks for the update! I didn't know that! By the way, when I went to HP in Palo Alto, I was wandering around the building and got lost. Dave Packard invited me into his office to find out who I was and what I was doing. He was such a warm-hearted man, thoughtful and kind. I'll never forget meeting him by chance and how welcomed he made me feel. 

Sep 09, 2019 07:39 AM #13
Rainmaker
1,898,686
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I'm not surprised to learn how David Packard treated you, Patricia Feager, MBA, CRS, GRI,MRP - Kindness and thoughtfulness are traits of a great leader.

Sep 09, 2019 07:43 AM #14
Rainmaker
2,165,147
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lottie - your real estate market is remarkable.  There are lots of differences now in many markets.

Sep 09, 2019 08:52 AM #15
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