When it comes to San Mateo County real estate, all eyes seem to be on market trends lately. Since they have shown in variation monthly, it makes sense keeping an eye on them. Also, real estate experts should have these trends “under a microscope.” As a result, Carmen Miranda has the latest, April 2019 San Mateo County market trends detailed. Although, as an expert on the market, she provides plenty of added analysis and breakdown. She does that for example, in her Real Estate Report. And, she can provide a customized home market value report for sellers. In the meantime, why not have a look at the big picture, in market trends at-a-glance.
April 2019 San Mateo County Market Trends At-a-Glance
|
| Trends At a Glance |
Mar 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$1,620,000 (+13.7%) |
$1,425,000 |
$1,615,000 (+0.3%) |
| Average Price |
$2,000,120 (+12.3%) |
$1,780,690 |
$1,956,650 (+2.2%) |
| No. of Sales |
281 (+37.1%) |
205 |
336 (-16.4%) |
| Pending |
349 (+32.2%) |
264 |
332 (+5.1%) |
| Active |
398 (+3.9%) |
383 |
262 (+51.9%) |
| Sale vs. List Price |
103.4 (0.0%) |
103.4 |
113.3 (-8.7%) |
| Days on Market |
28 (-7.6%) |
31 |
15 (+92.0%) |
| Days of Inventory |
42 (-15.8%) |
50 |
23 (+81.6%) |
|
Market Overview
The market shows signs of firming. And, there are 3, observed reasons for that. One, we’re in Spring. For real estate, it’s typically an active time. Two, mortgage rates actually sit at 15-month lows. And three, the IPOs rush, with Lyft already going public. As a result, optimism has increased, with a very strong 2019 in real estate expected.
For more overview details in the April 2019 San Mateo County Market Report, go to Carmen’s full report online. Although, selling a San Mateo County home? Then, why not ask Carmen for a free, home market value analysis now? |
