San Mateo County - Weekly Market Report: SEPT 6 - 12, 2023
Check out this SEPT 6 - 12, 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's market is characterized by swift sales, with properties spending an average of just 5 days on the market. The median sold price stands at a robust $2.1 million, indicating a premium market.
Burlingame's real estate scene is steady, with homes taking about three weeks to sell. The median sold price is $1.655 million, suggesting a strong demand for properties in this price range.
Foster City is experiencing a balanced market with properties selling in about two weeks. The median sold price of $1.433 million indicates a healthy demand in the mid-premium segment.
Hillsborough stands out as a luxury market with a median sold price of $3.7 million. However, properties are taking longer to sell, averaging a month on the market, which may suggest a more selective buyer pool.
Los Altos is a top-tier market with a staggering median sold price of $4.7 million. Despite the high price point, properties are selling relatively quickly, in just a week, indicating a high demand in this luxury segment.
Millbrae's market is consistent with homes selling in about two weeks. The median sold price of $1.55 million suggests a steady demand for properties in this range.
Palo Alto, with a median sold price of $3.02 million, is a sought-after market. Properties are selling in just over a week, and the single price change indicates a stable pricing environment.
San Carlos has a healthy market with properties selling in under two weeks. The median sold price of $1.45 million indicates a consistent demand in this price segment.
San Mateo boasts the largest number of active listings among the cities reviewed. With a median sold price just shy of $1.45 million and properties selling in about three weeks, it's a bustling market with a wide range of opportunities.
Overall Analysis:
The real estate market across these cities showcases a blend of luxury and mid-premium segments. While places like Los Altos and Hillsborough cater to the luxury segment, cities like Foster City and San Carlos offer mid-premium options.
The relatively quick sales in most cities indicate a strong demand, and the minimal price changes suggest stable market conditions.
Buyers and investors have a plethora of options, from high-end luxury homes to more affordable premium properties.
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] |
 Facebook: TracyTangHomes Instagram: TracyTangHomes LinkdIn: Tracy Tang WeChat: tracypytang Xiaohongshu: 827265853 |
Post a Comment