Andrew La Mont

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San Mateo County

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Trends At A Glance Jun 2014 Previous Month Year-over Year
Median Home Price +3.3%$1,100,500 $1,065,000 +15.8%$950,000
Average Sales Price -6.6%$1,400,110 $1,498,880 +13.4%$1,235,020
No. of Homes Sold +1.5%484 477 -8.0%526
Pending Properties -25.8%348 469 -34.6%532
Foreclosures Sold -33.3%4 6 -50.0%8
Short Sales Sold -66.7%1 3 -96.2%26
Active Listings +4.8%614 586 -25.3%822
Active Foreclosures 0.0%7 7 -50.0%14
Active Short Sales 0.0%3 3 -96.6%89
Sales Price vs. List Price -0.5%106.1% 106.7% -0.1%106.3%
Average Days on Market -17.6%22 26 -4.1%23

Market MomentumEnlarge Graph

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Market Report Commentary

Low Inventory Pushing Prices Higher

Inventory of single-family, re-sale homes was down 25.3% in June compared to the year before. From the middle of 2007 through the end of summer in 2011, home inventory averaged over 1,400 units. Right now, there are 614...

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Mortgage Rate Outlook

Rate Balloon Continues Slow Deflation June 27, 2014 -- Lower mortgage rates this spring appear to have revived the moribund housing market a little bit. Mortgage rates have been moved lower this spring from the...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in San Mateo County fell 34.9% in May from April. Year-over-year, notices were off 51.1%. Notices of sale, which set the date and time of an auction, and...

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San Mateo County Stats At A Glance

Year-Over-Year Median home prices increased by 15.8% year-over-year to $1,100,500 from $950,000. The average home sales price rose by 13.4% year-over-year to $1,400,110 from $1,235,020. Home sales fell by 8%...

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Prices & SalesEnlarge Graph

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Sales BreakdownEnlarge Graph

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Days of InventoryEnlarge Graph

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Sales To DateEnlarge Graph

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Sale Price RatioEnlarge Graph

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