Real Estate Report presented by Kathleen Turmala

July 2020 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >


Median Price
$1,725,000
-0.1%
Average Price
$2,172,280
+1.2%
No. Sold
427
+27.8%
Pending Properties
405
-5.2%
Active
520
+5.5%
Sale/List Price Ratio
101.3%
+0.3%
Days on Market
28
-1.0%
Days of Inventory
37
-14.7%

Market Barometer

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Market Commentary

Home Sales Continue to Surge

Sales of single-family, re-sale homes in San Mateo County jumped 27.8% in July compared to June. Home sales were up 14.2% year-over-year. There were 427 homes sold in San Mateo County last month. The average since 2000 is 398.

Year-to-date, home sales are down 18.7%.

Inventory of single-family, re-sale homes was up 2% compared to last year, breaking a ten month losing streak. As of August 5th, there were 520 homes for sale in San Mateo County. The average since January 2000 is 1,287.

The sales price to list price ratio rose from 101% to 101.3%.

The median sales price for single-family, re-sale homes was up, year-over-year, by 11.1%. The average price was up 15.2%.

The median sales price was off 0.1% compared to June. The average sales price was up 1.2%.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, fell six days to thirty-seven days.

It took twenty-eight days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract. 

The median sales price for re-sale condos rose 4.1% year-over-year. It was flat from June. The average sales price fell 4% from June. Year-over-year, the average sales price gained 0.4%.

Condo sales fell 5.7% year-over-year. Condo sales were up 47.4% from June.

Inventory rose 66.2% year-over-year. It was up 36.1% compared to June.

As of August 5th, there were 226 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory fell to fifty-nine from sixty-two.

It took an average of twenty-six days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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