San Mateo County Sept Real Estate Update

What’s in a monthly real estate report? What information does it offer that’s worth the read? And, what makes one more useful than another? In fact, not all such reports are created equal. Sometimes, you find they may lack facts and detail. You may find they are not designed to provide any real depth and insight into market activity. Although, not so for Carmen Miranda and her, San Mateo County Sept real estate update. Not so for any of her regularly provided, monthly market reviews. As a result, you can expect to find a factual breakdown and access to analysis, sure to provide clear facts and figures, for an easy grasp of the month’s market trends.

San Mateo County Sept Real Estate Update and Market Trends

Trends At-a-Glance for San Mateo County
Trends At a Glance Sep 2020 Previous Month Year-over-Year
Median Price $1,750,000 (-2.8%) $1,800,000 $1,490,000 (+17.4%)
Average Price $2,200,250 (-3.3%) $2,274,470 $1,756,380 (+25.3%)
No. of Sales 417 (+15.2%) 362 302 (+38.1%)
Pending 501 (+16.8%) 429 311 (+61.1%)
Active 560 (+0.2%) 559 631 (-11.3%)
Sale vs. List Price 102.4 (0.0%) 102.4 103.5 (-1.1%)
Days on Market 25 (-2.0%) 26 29 (-11.5%)
Days of Inventory 39 (-15.9%) 46 61 (-35.7%)
Market Barometer
San Mateo County Sept Real Estate Update
Prices and Sales
Days of Inventory
San Mateo County Sept Real Estate Update
Sales Year-to-Date
Sale Price/List Price Ratio

Sept. 2020 SM County Market Overview

What are key takeaways for September market performance? Well first, let’s start with home sales. That’s a big story. In fact, single family, resale home sales in the County jumped a whopping 38.1% year-over-year (YoY), in September.

When it comes to sales price for single family, resale homes, the median sales price was up, YoY, by 17.4%. And, the average price was up 25.3% YoY. Although, the sales price to list price ratio stayed at 102.4%. Add to that the amount of homes sold in September. In fact, 417 homes sold last month. For some perspective on that impressive number, the average since 2000 is 398. As a result, while there was a slight backing off of median and average pricing from the high set in August, September had its own round of solid, positive activity.

The San Mateo County Sept real estate update also shows how home inventory performed. And, it backed off somewhat, compared to last year, by 11.3%. Although, the single family, home inventory had been higher than the year before, the two previous months in a row. That said, there were  560, San Mateo County homes for sale, as of October 5th.

It took about 25 days to sell a home last month. Keep in mind that’s the time from when a home is listed to when it goes into contract. As a result, if you are planning on selling your property, there may be no better time than now. And, you can call Carmen for a free comparative market analysis. In fact, why not give her a call today?