Inventory Falls Further Last month, we noted that the City of San Mateo real estate market was becoming increasingly inventory constrained. The trend continues in April 2012. The typical seasonal pattern is for the inventory of unsold homes to peak in the summer, when most sales activity occurs and trough in the winter holiday period. Instead of…..
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I thought I’d share some interesting data we ran for each of the towns I cover on the north peninsula. The data includes the median home price, number of sales, the lowest and highest closed sales, and the percentage of list price received, for real estate in Burlingame, Hillsborough, San Mateo, San Carlos, Belmont, Foster…..
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Buyers Face Competition for Dwindling Supply The City of San Mateo real estate market is becoming increasingly inventory constrained. The typical seasonal pattern is for the inventory of unsold homes to peak in the summer, when most sales activity occurs and trough in the winter holiday period. Sure enough, in the latter half of 2011, inventory declined down…..
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Inventory Plummets The inventory of for-sale homes has a normal seasonal pattern, reaching a peak in the summer and a trough at the end of the year. In each of the nine years from 2004 to 2011, inventory rose in the first quarter of the year (see columns in black). 2012 has been quite different……
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418 Iowa Drive in San Mateo is listed for $1,499,000. This 3 bedroom, 3 bathroom home is 2,539 square feet. Located in the Baywood Knolls neighborhood, this house sits on a 6,600 square foot lot. This home speaks sophistication. Featuring french doors, bay windows, and hardwood floors. This home has been completely remodeled. The master…..
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25 Pinecrest Terrace in San Mateo is listed for $1,500,000. This 4 bedroom, 3 bathroom home is 2,580 square feet. Located in the San Mateo Park neighborhood, this house sits on a 7,150 square foot lot. This two story home features a traditional floor plan, with many windows. The yard features a lawn, patio and…..
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Sales Activity Continues to Climb Since reaching a nadir in 2008, the number of homes sold in San Mateo County increased in each of the next three years. Through the first two months of 2012, sales are again ahead of the prior year pace. There have been 519 homes sold so far this year, versus…..
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Sales Pace Ahead of 2011 In 2011, sales were at their highest level since 2006 in the City of San Mateo. Through the first two months of 2012, sales activity has been even higher (with 68 homes sold versus 64 in the first two months of 2011). Sales were up at the same time that…..
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An Overview of the 2011 San Mateo Real Estate Market Helped by a strong push in late summer and early fall, the number of homes sold in the City of San Mateo in 2011 just eclipsed the 2010 total. There were a total of 595 transactions, as compared to 592 in 2010. It was the…..
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An Overview of the 2011 San Mateo Real Estate Market Helped by a strong push in late summer and early fall, the number of homes sold in the City of San Mateo in 2011 just eclipsed the 2010 total. There were a total of 595 transactions, as compared to 592 in 2010. It was the…..
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There were mixed signals in the San Mateo County real estate market in 2011, but overall, there was evidence of further recovery from the depths of 2008 and 2009. One of the strongest signs was the number of transactions. There were 4,633 homes sold in 2011, up 5% from 2010 and 13% from 2009. It…..
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The inventory of homes for sale remains low in San Mateo. At the end of November 2011, there were 102 homes for sale, which is the lowest at any point since the beginning of 2007. It is a sign that the area is starting to work off the inventory hangover that built up due to…..
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241 Castilian Way in San Mateo went into contract after 13 days on the market, and was listed for $1,799,000. This home has 4 bedrooms and 3 bathrooms in 2,510 square feet, and is on a 6,050, which is typical for the area. Located in the highly desirable Aragon neighborhood, and part of the Baywood School…..
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Through the first ten months of 2011 there have been 48 homes sold in the San Mateo neighborhoods of Aragon, Baywood, and Baywood Knolls, as compared to 46 homes sold in the same period last year. Sales are up slightly, even though inventory is down. At the end of October, there were five homes for…..
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The inventory of for-sale homes remains low in San Mateo. At the end of October 2011, there were 126 homes for sale. That might seem like a lot, but it is actually about 60 fewer homes than were on the market at the same time last year. Inventory has been lower in 2011 than 2010…..
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1696 Lexington Avenue in San Mateo is listed for $1,695,000. This 5 bedroom 4 bathroom home is 3,790 square feet. Located in the Highlands neighborhood, this rare 2 story Eichler sits on a 7,700 square foot lot. Fully remodeled, this home has a beautiful galley kitchen, large closets, lots of open space, and a gorgeous view…..
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Now for the latest in San Mateo real estate: 65 homes sold in San Mateo in September 2011. That is a lot of sales for September; in 2010 only 41 homes closed escrow for the month. We have to go back to 2005 to find a more active September. Through the first nine months of the…..
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Through the first eight months of the year, there have been 395 sales in San Mateo, up only slightly from 392 sales in the same period last year. Most of the areas of San Mateo County that we track have shown at least a 10% increase in sales in 2011. Last month, we thought the…..
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In July, 51 homes closed escrow in San Mateo. Through the first seven months of the year, there have been 326 sales, down slightly from 329 sales in the same period last year, though up 19% from 2009. Most of the areas of San Mateo County that we track have shown an increase in…..
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Check out these stats below — all positive signs in a market that was never hit that hard to begin with compared to a vast majority of the country. “The median home price for a single family home in San Mateo County increased from $725,000 in April to $825,000 in May 2011, a 13% increase, according to…..
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