San Mateo County - Weekly Market Report: NOV 29 - DEC 5, 2023

Check out this NOV 29 - DEC 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
📍 Millbrae 📍 Palo Alto 📍 San Carlos 📍 San Mateo

  • Active Listings & New Listings: With 13 active listings and 2 new listings, Belmont shows a relatively stable market.
  • Sold Properties & Median Sold Price: 5 properties sold recently at a median price of $1,900,000, indicating a high-value market.
  • Market Dynamics: The median days on the market stands at 14, showing a quick turnover, which suggests strong buyer interest.
  • Pending Sales: Only 1 pending sale, potentially due to the quick sales process.

  • Active & New Listings: Burlingame's market is slightly more active with 19 listings and 2 new ones.
  • Sales & Median Price: 3 properties sold at a median of $1,800,000, a bit lower than Belmont, yet still indicating a high-value area.
  • Market Activity: A higher median of 32 days on the market points to a more relaxed pace of sales.
  • Pending Sales: 3 pending sales indicate ongoing market activity.

  • Listings Overview: With 19 active and 7 new listings, Foster City shows more new market activity.
  • Sales Trends: 7 properties sold at a median price of $1,400,000, suggesting a more accessible market compared to Belmont and Burlingame.
  • Market Pace: Median days on the market is 19, balancing between quick and relaxed sales.
  • Pending Sales: 3 pending sales indicate steady market interest.

  • Market Snapshot: 26 active listings but no new or sold properties, indicating a slower market.
  • Median Sold Price: Not applicable as no recent sales have been recorded.
  • Market Characteristics: With no median days on the market or pending sales, this suggests a wait-and-see approach in Hillsborough.

  • Listings & Sales: Limited activity with 6 active listings, no new listings, and 2 sales.
  • High-Value Market: The highest median sold price at $2,989,000, indicating a luxury market.
  • Quick Sales: The fastest median days on market at 7 days.
  • Pending Sales: Only 1, matching the trend of quick turnover.

  • Active Market: Leading with 46 active listings and 7 new ones, Palo Alto shows significant market activity.
  • Sales Volume & Price: 4 sales at a high median of $3,387,500, the highest among all cities, signifying a premium market.
  • Balanced Pace: 15 median days on the market, indicating a healthy demand.
  • Pending Sales: 2 pending sales, suggesting ongoing transactions.

  • Market Status: 30 active listings and 3 new ones show a healthy market.
  • Sales Data: 4 properties sold at a median price of $1,374,000, presenting a more affordable option in the high-value region.
  • Market Speed: 16 median days on the market, indicating a steady pace.
  • Pending Sales: 2 pending, showing continued interest.

  • Most Active Market: The highest number of active (72) and new listings (9).
  • Sales & Median Price: 10 properties sold at the lowest median price of $1,212,500, suggesting a more buyer-friendly market.
  • Market Movement: 19 median days on the market, a balanced pace.
  • Pending Sales: 6 pending sales, indicating a dynamic market.

Overall Trends:

  • High-Value Regions: Belmont, Burlingame, and Palo Alto stand out with their high median sold prices.
  • Market Dynamics: Millbrae and Hillsborough show unique trends, with Millbrae having quick sales but fewer listings, and Hillsborough showing slower activity.
  • Buyer-Friendly Areas: Foster City and San Mateo offer more affordable options with active markets.

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