Mid May San Mateo/Bay Area Real Estate Market Update
List to sales prices have consistently grown up until May where properties are stabilizing around 108% on average. Condos are below this average and Single Family Residences are above.
Inventory (in red) continues to maintain a below average count. Typically in a calenar year, inventory would rise from January consistently through Sept/October.
Prices are readhing new peaks as so far in May 2021, we are seeing average prices above $2,000,000 in San Mateo County. What a milestone!
Curious about what are one of the biggest driving indicators of this price growth? Here it is – interest rates! Interest rates continue to be below 3.0% for a jumbo 30 year fixed rate mortgage. We should only see this increase (slightly) for the rest of the year.
Showings are slowing down for the year however still pacing well above last year.
Stay up to date on the latest real estate trends.
November 29, 2023
A Journey Through Top Destinations
November 28, 2023
Inheriting a home can be a bittersweet experience, filled with both emotional and practical considerations. One of the most significant decisions you may face is wheth… Read more
November 28, 2023
Inheriting property can be both a blessing and a complex responsibility. Understanding how to navigate this process is essential, whether you're an executor of an esta… Read more
November 22, 2023
November 15, 2023
November 13, 2023
November 13, 2023
The top data and charts you need to see entering the end of the year
November 9, 2023
November 7, 2023
You've got questions and we can't wait to answer them.
Get In Touch With Our Team To Learn More
1651 El Camino Real Millbrae, CA 94030