San Mateo County - Weekly Market Report: SEPT 13 - 19, 2023
Check out this SEPT 13 - 19, 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 presents a moderately active real estate environment. While there's a decent influx of new properties, the number of sales seems relatively low. Homes don't stay on the market for very long, suggesting that once buyers spot a property they like, they move quickly. Interestingly, no homes are currently pending sale, and the price trend remains stable.
Belmont presents a moderately active real estate environment. While there's a decent influx of new properties, the number of sales seems relatively low. Homes don't stay on the market for very long, suggesting that once buyers spot a property they like, they move quickly. Interestingly, no homes are currently pending sale, and the price trend remains stable.
Foster City's real estate scene is quite vibrant, with a good number of homes both being listed and sold. Homes here sell relatively quickly, and a significant portion of the listings is in the process of closing. The market appears to be stable with no recent price fluctuations.
Hillsborough stands out as a premium real estate market. Despite the fewer number of new listings, properties here get sold at a brisk pace, suggesting a high demand for the limited inventory. A few homes are also in the closing stages, and the market remains unaffected by price changes.
Los Altos boasts a dynamic real estate environment. Properties here are swiftly moving, evidenced by the short time they stay on the market. There's a healthy balance between new listings and sales, with several homes nearing the final stages of their sale process. Prices, like in other cities, remain consistent.
The Millbrae market is quieter compared to its counterparts. Though there's a steady introduction of new properties, the number of sales is on the lower side. Homes tend to stay listed for a more extended period, but there's a handful that's nearing completion of the sale. Pricing remains unchanged.
Palo Alto showcases a bustling real estate landscape with a vast inventory for potential buyers. The city sees a good balance between new listings and sales. Homes move relatively fast, and a substantial number are in the pending stage. The pricing landscape has been steady.
San Carlos offers a lively market with a considerable number of homes available. The ratio of new listings to sales is almost balanced, and properties find buyers in a short span. A good chunk of listings is on the brink of closing, and the pricing trends are unwavering.
San Mateo stands out with its expansive inventory, making it a hotspot for potential buyers. The city sees a commendable number of new listings and sales. Homes don't stay on the market for too long, and a significant portion is in the closing stages. As with other cities, the pricing remains consistent.
In summary, while each city has its unique market dynamics, a common thread is the stability in pricing. Depending on individual preferences, buyers have a wide array of options ranging from premium locales like Hillsborough to more active markets like San Mateo.
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