Real Estate Report presented by Thomas A. Neel

February 2020 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >


Median Price
$1,405,440
-4.7%
Average Price
$1,874,930
+4.5%
No. Sold
162
-42.8%
Pending Properties
191
+15.1%
Active
249
+5.1%
Sale/List Price Ratio
101.8%
-0.1%
Days on Market
42
+8.9%
Days of Inventory
46
+83.5%

Market Barometer

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Market Commentary

Home Inventory Down 6th Month in a Row

Inventory of single-family, re-sale homes was down 38.2% compared to last year. As of February 5th, there were 249 homes for sale in San Mateo County. The average since January 2000 is 1,287.

The median sales price for single-family, re-sale homes was down, year-over-year, by 1.4%. The average price, on the other hand, was up 8%.

The median sales price was down 4.7% compared to December. The average sales price was up 4.5%.

The sales price to list price ratio dropped from 101.9% to 101.8%.

Home sales dropped 42.8% from December. That is typical for December/January. Home sales were down 12.4% year-over-year. There were 162 homes sold in San Mateo County last month. The average since 2003 is 398. 

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, rose twenty-one days to forty-six days.

It took forty-two days to sell a home last month. That is up from thirty-nine in December. That is the time from when a home is listed to when it goes into contract. 

The median sales price for re-sale condos fell 5.6% year-over-year. It was down 12% from December. The average sales price fell 10.6% from December. Year-over-year, the average sales price fell 2.9%.

Condo sales rose 36.5% year-over-year. Condo sales were down 39.8% from December.

Inventory fell 37.8% year-over-year. It was up 4.2% compared to December.

As of February 5th, there were 74 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory jumped to thirty-one from eighteen.

It is taking thirty-five days to sell a condo.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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