San Mateo County February 2021 Market

Well, here we are in March already. And, it’s time to review San Mateo County February 2021 market data. It’s time to see how real estate activity did for the month. In fact, on CarmenMiranda.com, we do that consistently, each month. Anything less would be considered dropping the ball, since Carmen’s focus from the start of her real estate career has been on excellence. At the same time, it has been on keeping herself and her clients well informed.

San Mateo County February 2021 Market Data

Trends At-a-Glance for San Mateo County
Trends At a Glance Jan 2021 Previous Month Year-over-Year
Median Price $1,570,000 (-7.6%) $1,699,500 $1,410,000 (+11.3%)
Average Price $2,030,640 (-2.4%) $2,080,410 $1,870,620 (+8.6%)
No. of Sales 230 (-41.0%) 390 171 (+34.5%)
Pending 290 (0.0%) 290 184 (+57.6%)
Active 287 (+13.9%) 252 283 (+1.4%)
Sale vs. List Price 103.1 (+1.1%) 102.0 101.8 (+1.3%)
Days on Market 33 (+22.7%) 27 41 (-20.7%)
Days of Inventory 37 (+93.1%) 19 50 (-24.6%)
Market Barometer
San Mateo County February 2021 Market Data and Analysis
Prices and Sales
Days of Inventory
San Mateo County February 2021 Market Data and Analysis
Sales Year-to-Date
Sale Price/List Price Ratio

Market Overview

Key factors in the data show up trends in both single family, resale home sales and pricing. And year-over-year (YoY), home sales rose for the 7th month, in a row. It was up by 42%. When it comes to median sales pricing, it was also up YoY. And, it rose by 11.7%. Similarly, average sales pricing rose YoY. It was up by 8.3%. When it comes to sales price to list price ratio, we also see another up trend. It rose from 102.0% to 103.1%

San Mateo County February 2021 market data also shows us how many homes sold and how many were for sale. And, 230, San Mateo County homes sold in the month. (Note that the average since 2000 is 398.) At the same time, there were 287, San Mateo County homes for sale. (Note the average since January 2000 is 1,287.)

When it comes to single family, resale home inventory, it was up, compared to last year. And, it was up by 15.3%. Note that Days of inventory, or the time it takes to sell a home divided by how many homes sold, also rose in February. In fact, it rose 18 days to a total of 37 days.

It took an average of 33 days to sell a home in February. And, that covers the time when a home is listed until it goes into contract. In fact, if you are planning to sell your property, why not do it right, from the start? Why not call Carmen for a free comparative home value analysis? Then, tap on her expert advice and service!