December 2020 Report
Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >
Average Price$2,080,410
-0.2%
Pending Properties290
-33.2%
Sale/List Price Ratio102.0%
-0.5%
Days of Inventory19
-40.6%
Trends at a Glance
| Trends At a Glance |
Dec 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,699,500 (+3.3%) |
$1,645,000 |
$1,475,000 (+15.2%) |
| Average Price |
$2,080,410 (-0.2%) |
$2,085,040 |
$1,791,370 (+16.1%) |
| No. of Sales |
390 (-4.9%) |
410 |
285 (+36.8%) |
| Pending |
290 (-33.2%) |
434 |
155 (+87.1%) |
| Active |
252 (-45.3%) |
461 |
269 (-6.3%) |
| Sale vs. List Price |
102.0% (-0.5%) |
102.6% |
101.9% (+0.1%) |
| Days on Market |
27 (+5.3%) |
25 |
38 (-30.3%) |
| Days of Inventory |
19 (-40.6%) |
33 |
28 (-31.5%) |
Market Commentary
Sales of single-family, re-sale homes in San Mateo County were up for the sixth month in a row, year-over-year, in December. They rose 37.8% year-over-year. There were 390 homes sold in San Mateo County last month. The average since 2000 is 398.
For the year, home sales were up 0.7%.
Although continuing to back off the high set in August, the median sales price for single-family, re-sale homes was up, year-over-year, by 15.2%.
The average price also backed off the high set in August. It was up 16% year-over-year.
Inventory of single-family, re-sale homes was up 6.3% compared to last year. As of January 5th, there were 252 homes for sale in San Mateo County. The average since January 2000 is 1,287.
The sales price to list price ratio fell to 102.0% from 102.7%.
Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, dropped twelve days to nineteen days.
It took twenty-seven days, on average, to sell a home last month. That is the time from when a home is listed to when it goes into contract.
The median sales price for re-sale condos fell 14.6% year-over-year. It was down 9.9% from November. The average sales price fell 4.5% from November. Year-over-year, the average sales price fell 10.1%.
Condo sales were up 18.6% year-over-year. Condo sales were up 10.2% from November.
Inventory jumped 134.9% year-over-year. It was down 32.5% compared to November.
As of January 5th, there were 170 condos for sale in San Mateo County. The average since January 2003 is 350.
Days of inventory fell to thirty-six from fifty-eight.
It took an average of thirty-seven days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.