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 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.
- 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
- 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.