How has the pandemic affected San Mateo County real estate?

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Real Estate Agent with Compass CA DRE# 01215160

How has the pandemic affected San Mateo County real estate?

With all the uncertainty in the financial markets as well as real estate not being considered an essential service for many weeks, it's interesting to take a look at these statistics.

The Infographic above shows June 2020 compared to May 2020 for both single family homes and condos. Prices are up, and number of listings are up, for both homes and condos. Days on market hover around the one-month mark for both, signs of a strong sellers' market.

The two charts below break the county stats into towns. Without a doubt we live in an expensive area, with high median sales prices. It's not surprising that months of inventory is high in Atherton--it's a buyers' market there for well-heeled buyers. Six months of inventory is considered a balanced market; several of more expensive towns hover around that, as do La Honda, a small, rural community in the Santa Cruz Mountains, and East Palo Alto. Most towns show that the strong sellers' market continues.

The condo/townhouse market tells a similar story, with only Belmont appearing as a balanced-inventory market.

San Mateo Co real estate, homes by town

San Mateo Co. June real estate stats by town

Bottom line: real estate in San Mateo County is alive and well. People want to live here, and buyers are waiting. 

How can I help you achieve your real estate dreams? Give me a call; let's talk.

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California San Mateo County
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Tags:
condos
market stats
days on market
single family homes
townhouses
median prices
san mateo county
monthly inventory
june 2020

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Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Lottie,

I love your bottom line, well said, succinct and to the point.  Wishing you a wonderful weekend.  A

Jul 10, 2020 12:31 PM #1
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Ron and Alexandra Seigel - thanks for your comment, Alexandra -- I value your opinion--a lot. Happy Friday, happy beach walks, happy farmer's market.

Jul 10, 2020 01:56 PM #2
Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lottie hopefully we will no longer need to be concerned about this virus very soon, but until then we do what we need to do to deal with it, and how it impacts our business.

Jul 10, 2020 02:13 PM #3
Rainmaker
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Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Lottie- What a great detailed report. May the real estate continue to be great. 

Jul 10, 2020 02:32 PM #4
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Lottie - very informative report.  When combined with your San Mateo County area real estate success makes you the ideal choice for anyone looking to make a move.  

Jul 10, 2020 02:56 PM #5
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Real estate is selling, and selling well in San Francisco and San Mateo counties, George Souto - our procedures have simply changed the way we do business, adding new layers in order to follow guidelines. I expect they'll be in place for the quite a while, while being modified as safety allows.

 

Jul 11, 2020 07:31 AM #6
Rainmaker
1,899,668
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thank you, Sharon Lee - I think these reports show just how local real estate truly is.

Jul 11, 2020 07:32 AM #7
Rainmaker
1,899,668
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I appreciate your vote of confidence, Michael Jacobs!

Jul 11, 2020 07:33 AM #8
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Lottie Kendall - this is probably similar to us in Westchester County NY.  Those deemed in moderate range are snapped up with the high end homes  taking much longer.

Jul 11, 2020 08:46 AM #9
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I'm sure your analytical clients and buyers are thrilled with your market report. I enjoyed the way you perform your analysis Lottie Kendall 

Jul 11, 2020 09:59 AM #10
Rainmaker
2,753,636
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

San Mateo home buyers and sellers are sure to value your real estate market report, Lottie.

Jul 11, 2020 11:54 AM #11
Rainmaker
2,188,410
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Lottie Kendall - Your attention to details and letting consumers get a good picture before they buy is very important. You succeeded in peaking my curiosity? Since the market is forever changing, potential buyers and sellers need to contact you right away if they are thinking about buying or selling. Your professional guidance and continuous monitoring of the market is exactly what they need.

Jul 11, 2020 05:01 PM #12
Rainmaker
1,899,668
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello Grant Schneider - it seems that many of our real estate markets are behaving in a similar fashion. 

Hi Myrl Jeffcoat and Patricia Feager, MBA, CRS, GRI,MRP  - I hope this information is helpful to both buyers and sellers. I especially like the charts that break the county down into individual towns and cities. When people call me, I can break it down further for them - type of property, price range, etc.

Jul 15, 2020 01:03 PM #13
Rainmaker
1,899,668
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello Paul S. Henderson, REALTOR®, CRS - as you might imagine, I work with quite a few engineers and computer programmers - they like data, and I like the charts breaking down the county stats into each city. I break it down even further for them when we talk. 

Jul 15, 2020 01:04 PM #14
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