Real Estate Report presented by Mary Pope-Handy

June 2021 Report

Single Family Homes in San Mateo County, Belmont, All Neighborhoods Change >


Median Price
$2,315,500
+14.1%
Average Price
$2,410,600
+8.7%
No. Sold
26
+30.0%
Pending Properties
18
-30.8%
Active
9
+12.5%
Sale/List Price Ratio
114.8%
+1.3%
Days on Market
8
-18.9%
Days of Inventory
10
-16.3%

Market Barometer

Enlarge >
Loading...

Market Commentary

Home Sale Prices Set New Highs, Again

Sale prices of single-family, re-sale homes new highs last month for the second month in a row.

The median sales price for single-family, re-sale homes rose 30.2% compared to last year. That’s the thirteenth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes was up 23.5% year-over-year. That’s the nineteenth month in a row the average sales price has been higher than the year before.

The sales price to list price ratio rose to 110.3% from 109.3%.

Sales of single-family, re-sale homes in San Mateo County were up for the twelfth month in a row, year-over-year, in June. They gained 31.4% year-over-year. There were 439 homes sold in San Mateo County last month. The average since 2000 is 398.

Inventory of single-family, re-sale homes was down 37.7% compared to last year. As of July 5th, there were 307 homes for sale in San Mateo County. The average since January 2000 is 1,287.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, stayed at twenty days.

It took fifteen 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 rose 5.3% year-over-year. 

Year-over-year, the average sales price rose 6%.

Condo sales were up 106.4% year-over-year. There were 161 condos sold last month. The average since January 2003 is 122.

Inventory was down 21.1% year-over-year.

As of July 5th, there were 131 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory fell to twenty-four from thirty .

It took an average of nineteen days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...