San Mateo County Real Estate Trends August 3rd Quarter

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%)


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Market Barometer

San Mateo County Real Estate Trends August 3rd Quarter

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:

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.

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