June 2020 San Mateo County Real Estate

The data for June activity in San Mateo County real estate has been compiled for review. And, it is available in list and graph form. In fact, if you look,  you can find it with both analysis and commentary included. Although, you don’t need to look far. It’s right here, in a June 2020 San Mateo County real estate overview, courtesy of Diamond Certified real estate agent, Carmen Miranda. Have a look now.

June 2020 San Mateo County Real Estate Market Overview

Trends At-a-Glance for San Mateo County
Trends At a Glance Jun 2020 Previous Month Year-over-Year
Median Price $1,727,500 (+6.4%) $1,623,500 $1,601,000 (+7.9%)
Average Price $2,147,450 (-5.0%) $2,259,650 $2,082,730 (+3.1%)
No. of Sales 334 (+47.8%) 226 375 (-10.9%)
Pending 427 (+33.0%) 321 312 (+36.9%)
Active 493 (+5.1%) 469 586 (-15.9%)
Sale vs. List Price 101.0 (+0.3%) 100.7 104.6 (-3.5%)
Days on Market 29 (+28.2%) 22 23 (+21.8%)
Days of Inventory 43 (-31.2%) 62 45 (-5.5%)
Market Barometer
Prices and Sales
June 2020 San Mateo County Real Estate
Days of Inventory
June 2020 San Mateo County Real Estate
Sales Year-to-Date
Sale Price/List Price Ratio

Single Family, Resale Homes Market Overview

If there is one thing June 2020 real estate activity has to tell us, its a surge in home sales. And, single-family, re-sale homes sales in San Mateo County took a big leap, compared to May sales. In fact, it jumped 47.8% from May. Although, June sales was down year-over-year (YoY). On that basis, it was down by 10.9%.

June 2020 San Mateo County real estate activity included a total of 334 homes sold. That’s a contender with the average. Although since 2000, the average is still higher. It hovers at 398. And as of July 5th, there were 493 San Mateo County homes for sale.

Sales price to list price ratio rose. And, it rose from 100.7% to 101%. When it comes to median sales price, it was up. And it rose YoY by 7.9%. Average price was also up. It rose YoY by 3.1%. Although, compared to May, average sales price was down by 5%. Conversely, median sales price was up 6.4%.

It took about 29 days to sell a home last month. By the way, that includes the time from when a home is listed, to when it goes into contract. That said, do you plan to sell your property? Call Carmen for a free home value analysis today.