What’s happened 3rd quarter 2018, as of August indicates an overall continuation of trends we’ve seen play out already in 2018. That is, home sales and prices stayed higher than the prior year. Also, median and average home pricing remained up. At the same time, San Mateo County real estate trends August 3rd quarter show a continued micro-trend of slowing in the market, when it comes to single family, resale homes for sale. In fact, for a clearer picture and more details on August 2018 market data, have a look at the graphs and info below. Although, for a more up-close and personalized look at your local market, in San Mateo County real estate, simply contact Carmen Miranda, one of America’s Best Real Estate Professionals, per REAL Trends Certificate of Distinction.
San Mateo County Real Estate Trends August 3rd Quarter
Trends At-a-Glance for San Mateo County
| Trends At a Glance | Aug 2018 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,500,000 (-6.5%) | $1,605,000 | $1,367,000 (+9.7%) |
| Average Price | $1,814,630 (-7.8%) | $1,967,080 | $1,725,630 (+5.2%) |
| No. of Sales | 293 (-24.1%) | 386 | 368 (-20.4%) |
| Pending | 298 (-8.0%) | 324 | 324 (-8.0%) |
| Active | 480 (+13.7%) | 422 | 323 (+48.6%) |
| Sale vs. List Price | 109.2% (+0.1%) | 109.1% | 108.7% (+0.5%) |
| Days on Market | 21 (-3.0%) | 22 | 19 (+10.3%) |
| Days of Inventory | 49 (+49.8%) | 33 | 26 (+86.6%) |
Market Barometer
Prices and Sales
Days of Inventory
Sales Year-to-Date
Sale Price/List Price Ratio
Market Overview
Please note that HARP® will end December 31, 2018. For those who do not know about it, HARP was introduced in March 2009. In fact, its creation empowers borrowers with little or zero equity to refinance. That is, they can refinance into more affordable mortgages. Also, they can do that without new or additional mortgage insurance.
See if you can apply:
https://www.harp.gov/
San Mateo County Real Estate Trends August 3rd Quarter Data Highlights
- What buyers are actually paying over what sellers are asking as been declining. Although, it turned slightly upwards in August. The gain was reflected in 0.1 of a point to 109.2%.
- Days of Inventory featured an interesting change, as it rose 16 days in August. Also interesting, San Mateo County has averaged eighty-one days of inventory. That since the beginning of 2018.
- Currently, it takes about 21 days to sell a home on the County market. Also, as of 9/5/2018, San Mateo County homes for sale included 480 single family homes. They included 87 condos.
For all the data points, View Full Report Online