This is the San Mateo Neighborhood Real Estate Report for April 2010. Statistics are fascinating to me. I can compare them one way and then the other for hours.
April 2009 compared to 2010 is significantly different in a few ways. The number of days for a San Mateo house to sell is down from 109 to 41; homes are selling much more quickly. The average sales price is up almost $250,000 – not what many buyers would like to see, I’m sure. 707,909 in 2009 while the 2010 average sales price is 952,860.
With those numbers I would have expected available inventory to be down. With the average sales price increasing by 250k and the days for a home to sell less than half, it sounds like a competitive market. But Inventory was actually up from 178 in April 2009 to 211 in April 2010.
Available
Under Contract
Average List Price
Average Sales Price
19th Avenue Park / Sunnybrae
17
11
617,077
621,000
Aragon
4
5
1,209,400
1,600,000
Baywood Knolls
1
0
0
1,132,500
Baywood Park
14
4
1,129,950
959,000
Baywood/Parrott Park
8
4
1,498,000
1,843,000
Beresford Manor
8
4
955,700
881,000
Bowie Estate
6
7
433,269
382,000
Eastern Addition/Downtown
12
4
651,425
702,000
Fiesta Gardens
5
3
609,266
840,000
Foothill Terrace
3
1
998,000
1,335,000
Hayward Park
6
5
785,000
1,120,800
Homestead / Husing Subdivision
6
3
828,666
760,000
Lakeshore
3
5
490,760
936,666
Laurelwood
6
6
1,004,627
0
Lauriedale
2
1
649,000
0
Los Prados
3
0
0
580,000
North Shoreview / Dore
18
11
521,444
0
Mariner’s Isle
3
1
690,000
0
Park Western / Hillsdale
7
2
994,000
583,000
Parkside
11
10
502,640
838,000
San Mateo Knolls/Laurel Creek
5
3
899,998
1,708,000
San Mateo Park / El Cerrito Park
11
4
1,816,250
0
San Mateo Terrace
5
2
769,000
645,000
San Mateo Village/Glendale
13
9
609,316
713,000
South Shoreview
28
19
511,051
902,500
The Highlands / Ticonderoga
5
1
1,250,000
1,024,000
Westwood Knolls
4
1
599,000
952,860
Need help buying or selling a house?
call me ~ text me ~ email me
I’m here to help.
Vicki Moore, Realtor
DRE 01234539
RE/MAX Star Properties
Selling San Mateo County Homes Since 1998
The San Mateo home sales report shows quite a few more houses coming on the market during March: 83 new listings compared to February’s 71. The bigger showing is in sales; February had just 25, while March had 45. Showing, once again, that as we get passed the holidays buyers get serious.
Did the home buyer credit do any good? Just look at the number of houses sold it seems to have. March 2009 had just 28 sales.
It’ll be interesting to look back at the May closings to see if the California home buyer credit had any impact on San Mateo real estate.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Listing information is deemed reliable, but not guaranteed. Listings last updated 9/2/10 11:51 AM PDT.
Copyright 2010 MLSListings Inc. All rights reserved.
