Andrew La Mont

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San Mateo County

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Trends At A Glance Jul 2014 Previous Month Year-over Year
Median Home Price +2.7%$1,130,000 $1,100,500 +27.0%$890,000
Average Sales Price -2.7%$1,362,200 $1,400,110 +11.7%$1,219,130
No. of Homes Sold -3.5%467 484 -14.9%549
Pending Properties -17.5%287 348 -38.8%469
Foreclosures Sold +25.0%5 4 -50.0%10
Short Sales Sold +100.0%2 1 -86.7%15
Active Listings -12.9%535 614 -33.5%805
Active Foreclosures +28.6%9 7 -50.0%18
Active Short Sales -33.3%2 3 -97.6%83
Sales Price vs. List Price -0.4%105.7% 106.1% +0.2%105.4%
Average Days on Market +17.3%25 22 +2.7%25

Market MomentumEnlarge Graph

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Market Report Commentary

Pending Sales Plunge

With the increase in prices over the past two years pulling most homeowners above water, one would expect more homes on the market. In fact, the lack of active listings continues to hobble the market. From the middle of 2007...

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Mortgage Rate Outlook

Fed Message Bumps Rates, A Little August 1, 2014 -- One of these days, and probably not long from now, the Federal Reserve is going to again surprise the market in a meaningful way, causing all manner of unintended...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in San Mateo County fell 34.9% in June from May. Year-over-year, notices were off 45.6%. 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 27.0% year-over-year to $1,130,000 from $890,000. The average home sales price rose by 11.7% year-over-year to $1,362,200 from $1,219,130. Home sales fell by 14.9%...

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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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