The 4th quarter 2020, picking up in October showed a strong start for real estate in San Mateo County. And, that included the resale condo market. Although, San Mateo County condos October overview shows the market had its own unique and similar trends, as compared to single family. In fact, like single family homes, condo sales rose, year-over-year (YoY). It was up by 13.8%. Also, condo sales rose by 3.1% over the previous month.
San Mateo County Condos October Overview 2020
When it comes to pricing for resale condos, median sales price rose YoY. And, it rose by 1.6%. Although, it fell 1.1% from September. At the same time, the average sales price rose for both YoY and from September. It rose respectively, by 3.3% and 3.4%.
San Mateo County condos October overview reveals more interesting data for condo inventory activity. And, it rose YoY, by 49.2%. At the same time, it rose, compared to the previous month, by 6.9%. Then, days of inventory also has an uptick. It rose from 62 to 67 days. Although, that doesn’t tell us how many, San Mateo County condos for sale there were. In fact, as of November 5th, there were 294. On an interesting side note, the average, since January 2003 is 350. You can view The Real Estate Report, for full details on October condo activity.
When it comes to selling a San Mateo County condo, it took about 25 days to do it in October. And, that’s a key indicator more, opportune timing may be in store for sellers in remaining 4th quarter 2020. As a result, do you plan to sell your property? Now may be the best time to start the process. If you plan to sell, why not do it right the first time. Why not call top San Mateo County, 5 Star real estate agent, Carmen Miranda? And, ask for a free, no-obligation home value analysis. Then, why not put Carmen on your team? Why not start the process with the best advice and assistance today?