San Mateo County - Weekly Market Report: AUG 30 - SEPT 5, 2023
Check out this AUG 30 - SEPT 5, 2023 Get the best insights on when to place a plan for your new home with this weekly market guide in San Mateo Country.
📍 Belmont 📍 Burlingame 📍 Foster City 📍 Hillsborough
📍 Los Altos 📍 Millbrae 📍 Palo Alto 📍 San Carlos 📍 San Mateo
Belmont is currently an exclusive market with limited active listings. No new listings were added this week, and no homes are pending, making it a tight market for buyers.
Key Insights
Limited Inventory: With fewer listings, Belmont is a seller's market. If you're considering selling, now might be a good time to capitalize on the limited inventory.
No New Listings: The absence of new listings suggests that properties in Belmont are either selling quickly or homeowners are holding onto their properties.
Burlingame has a moderate number of active listings and a few new listings this week. It also has several pending sales, indicating a balanced market.
Key Insights
Moderate Activity: With a decent number of active and new listings, Burlingame offers a good variety for buyers.
Pending Sales: The pending sales suggest that homes in Burlingame are in demand but not flying off the shelves, making it a balanced market.
Foster City has a moderate number of active listings and a few new and pending sales, indicating a fairly active market.
Key Insights
Active Market: With several new and pending listings, Foster City is a good place for both buyers and sellers.
Quick Sales: Homes are selling relatively quickly, indicating strong buyer interest.
Hillsborough is a luxury market with higher-priced homes. The market is slower compared to other cities, with properties taking longer to sell.
Key Insights
Luxury Market: The higher median sold price indicates that Hillsborough appeals to a specific, luxury-focused buyer.
Slower Sales: With longer days on the market, this is a market that requires patience, particularly for sellers.
Los Altos has seen several new listings this week, making it a more active market for buyers.
Key Insights
New Listings: The influx of new listings suggests that Los Altos is becoming a more dynamic market.
Moderate Sales Speed: With a median of 13 days on the market, homes are selling at a moderate pace.
Millbrae has limited active listings but homes are selling quickly, indicating a seller's market.
Key Insights
Quick Sales: With homes spending just 8 days on the market, Millbrae is a hot market for sellers.
Limited Inventory: Fewer listings make it a competitive market for buyers.
Palo Alto is a bustling market with a high number of active and new listings, as well as pending sales.
Key Insights
Active Market: With the highest number of new listings, Palo Alto is an active market for buyers.
High Demand: The number of pending sales indicates strong buyer interest.
San Carlos is an active market where homes are selling extremely quickly.
Key Insights
Hot Market: With homes spending just 7 days on the market, San Carlos is a seller's dream.
Moderate Inventory: A decent number of active listings make it a balanced market for buyers as well.
San Mateo leads in active listings, making it the most varied market in the county. It also has a high number of pending sales.
Key Insights
Variety: With the most active listings, San Mateo offers the most options for buyers.
High Demand: The high number of pending sales indicates strong buyer interest.
Conclusion
The San Mateo County real estate market is diverse, offering a range of opportunities for both buyers and sellers. Whether you're looking for a bustling market like Palo Alto or a more exclusive environment like Belmont, there's something for everyone. The lack of price changes across the board suggests a stable market, making it a good time to make your move.
Want more professional advice on buying houses or listing your home in San Francisco Bay Area?
Contact Tracy Tang Team for more exclusive info:
| TRACY TANG DRE# 01956297 (415)828-2961 [email protected] |
ALEX LAU DRE# 01979954 (408)207-6113 [email protected] |
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