Real Estate Report presented by Avi Urban

August 2022 Report

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


Median Price
$2,155,000
-8.3%
Average Price
$2,535,920
+1.3%
No. Sold
13
-7.1%
Pending Properties
28
+27.3%
Active
23
-14.8%
Sale/List Price Ratio
101.9%
-0.3%
Days on Market
23
+52.8%
Days of Inventory
53
-8.3%

Market Barometer

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Market Commentary

Home Sales Continue Falling

Sales of single-family, re-sale homes in San Mateo County fell for the twelfth month in a row, year-over-year. They were down 25.1% in August. There were 283 homes sold in San Mateo County last month. The average since 2000 is 398. 

The median sales price for single-family, re-sale homes was up 1.6% compared to last year. 

The average sales price rose 9.4% year-over-year.

The sales price to list price ratio fell from 103.5% to 100.9%.

Inventory of single-family, re-sale homes was up 27.1% compared to last year. As of September 5th, there were 417 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, fell from fifty to forty-four days.

It took twenty-three 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 14.3% year-over-year.

Year-over-year, the average sales price fell 5.6%.

Condo sales were down 33.3% year-over-year. There were 104 condos sold last month. The average since January 2003 is 122.

Inventory was up 33.6% year-over-year.

As of September 5th, there were 203 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory rose from sixty-two to fifty-nine.

It took an average of thirty-four 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

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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