San Mateo County - Weekly Market Report: OCT 4 - 10, 2023
Check out this OCT 4 - 10, 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
Trends and Analysis: Belmont’s real estate market shows a moderate level of activity with 18 active listings and 4 new ones. The median sold price is notably high at $2,275,000, indicating a market that leans towards the premium segment. The relatively low number of sold and pending listings suggests that buyers might be taking a cautious approach or exploring more options before closing deals.
Trends and Analysis: Burlingame presents a stable market with a median sold price slightly above $2.2M. With 31 active listings and a modest number of new, sold, and pending listings, the market demonstrates balanced activity. The absence of price changes indicates a stable pricing environment, potentially due to a match between supply and demand.
Foster City’s market is somewhat active with 30 active and 7 new listings. The median sold price is slightly lower than in Belmont and Burlingame, making it a potentially more accessible market for a wider range of buyers. The stability in prices and a moderate number of transactions suggest a steady market.
Foster City’s market is somewhat active with 30 active and 7 new listings. The median sold price is slightly lower than in Belmont and Burlingame, making it a potentially more accessible market for a wider range of buyers. The stability in prices and a moderate number of transactions suggest a steady market.
Los Altos showcases a vibrant market with properties moving relatively quickly, as indicated by the low median days on the market. The high median sold price points towards a premium market, yet the notable number of new and sold listings indicates a healthy buyer interest and liquidity in the market.
Los Altos showcases a vibrant market with properties moving relatively quickly, as indicated by the low median days on the market. The high median sold price points towards a premium market, yet the notable number of new and sold listings indicates a healthy buyer interest and liquidity in the market.
Palo Alto presents a highly active market with a substantial number of listings. The relatively high median sold price indicates a premium market, but the active transactions suggest a healthy interest from buyers, potentially driven by factors like location desirability and investment opportunities.
San Carlos has a moderately active market with a balanced number of active, new, and sold listings. The median sold price is relatively accessible compared to other cities, possibly making it an attractive option for a wider pool of buyers.
San Mateo offers the most active market with the highest number of listings. The comparatively lower median sold price might be attracting a larger buyer pool, contributing to the active market dynamics. The quick movement of properties and a substantial number of transactions indicate a potentially booming market.
Conclusion
Each city presents unique market dynamics, with variations in activity, pricing, and transaction speeds. From the luxury, slow-moving market in Hillsborough to the bustling, more accessible market in San Mateo, buyers and sellers are experiencing diverse opportunities and challenges across these regions. Understanding these trends is crucial for making informed, strategic decisions in the real estate landscape.
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