San Mateo Neighborhood Real Estate Report – April 2010

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

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Vicki Moore, Realtor

DRE 01234539

RE/MAX Star Properties

Selling San Mateo County Homes Since 1998

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