East Bay & San Mateo County: Weekly Market Data, April 12-18 2023
East Bay and San Mateo County Market Data for April 12-18, 2023
The Bay Area real estate market has been on fire in recent years, and the latest weekly market data for East Bay and San Mateo County only reinforces that trend. According to the data, there were over 400 offers made for 146 properties, which is a clear indication of the high demand for real estate in these areas. Let's take a closer look at the data to gain some insights into the current state of the real estate market in these regions.
One of the key indicators in the real estate market is the difference between the list price and the sold price of a property. According to the data, the average difference between the list price and the sold price in these areas is 2%. This means that on average, properties are selling very close to their listed prices. This is a positive sign for sellers, as it shows that they are likely to get a fair price for their property.
The average sold price in East Bay is $1,417,070, while in San Mateo County, it's $2,467,400. This is a significant difference, and it shows that the real estate market in San Mateo County is much more expensive than in East Bay. This is not surprising, as San Mateo County is home to some of the most desirable neighborhoods in the Bay Area, such as Atherton, Hillsborough, and Woodside.
Another interesting trend in the data is the number of offers made for each property. According to the data, there were over 400 offers made for just 146 properties. This means that on average, each property received close to three offers. This is a very competitive market, and it's important for buyers to be prepared to make strong offers if they want to be successful in securing a property.
Overall, the latest weekly market data for East Bay and San Mateo County shows that the real estate market in these areas is still very hot. There is high demand for properties, and they are selling very close to their listed prices. For sellers, this is a great time to list their property, as they are likely to get a fair price. For buyers, it's important to be prepared to make strong offers in order to be successful in securing a property in these competitive markets.
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