San Mateo County 2008 Month-Month Home Sales

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Daly City and South San Francisco have continued to steadily decline in inventory.  Daly City from over 5 months’ inventory in January to just under 2 in November.  South City from 6 months to 2.3 months’ inventory.

The only dramatic changes have been increases in inventory.  Atherton, Foster City, Half Moon Bay, Montara and Portola Valley have all double in numbers comparing January to November.

Looking at other stats in Foster City, it appears that that increase is having an impact:  The median sale price has gone from $1,227,500 in January to $999,888 in November  – a drop in median of over $225,000.  The percentage of list price dropped from 99.31% to 97.23%.

Jan Feb Mar Apr May June Jul Aug Sept Oct Nov
Atherton 8.5 4 3.6 3.1 6 2.8 5.0 14 6.8 7.25 23
Belmont 3.4 2.2 1.3 2.3 2 1.86 1.9 3.8 3.2 3.6 2.8
Brisbane 3.7 5.5 2.3 15 8.5 3.25 3.5 5.5 3.0 5.5 8
Burlingame 2.8 2 2.1 1.8 2.4 1.6 2.0 2.1 2.7 2.94 3.5
Colma 1 2 3 5 4 2 1.5 4 2.0 3 1.5
Daly City 5.3 3.8 3.2 3.5 2.2 1.6 2.0 1.96 1.9 1.8 1.7
El Granada 8.3 8.3 8.7 4.7 3.3 4.3 4.4 2.7 2.9 4.8 3.8
Foster City 2.7 2.3 1.3 2.2 1.8 2.14 3.0 1.2 3.3 3.75 7
Half Moon Bay 6.5 3.9 4.3 4.3 6.3 7.9 3.4 3.8 5.7 6.25 15.75
Hillsborough 3.1 3.3 2.9 3 5.8 4.3 4.8 4.1 3.4 7.63 7.4
La Honda 11 12 12 6 3.5 4.3 7.5 6.5 7.5 6.5 10
Loma Mar 1 1 2 3 4 4 3.0 3 2.0 2 2
Menlo Park 3.7 2.8 3.1 3 1.9 2.2 2.8 4.1 3.7 4.73 4
Millbrae 6.3 3.7 2.4 2.7 2.3 2.4 1.9 2 2.0 2.56 3.5
Montara 7.5 8.5 5.7 6.3 7 3.6 9.5 10 12.0 13 24
Moss Beach 4.5 14 3 9 4.5 5.7 2.2 2.4 18.0 4.25 7.5
Pacifica 3.3 4.7 3.7 3.7 3.7 3.7 4.5 2.97 3.2 2.76 3
Pescadero 9 8 8 10 8 7 9.0 10 11.0 9 8
Portola Valley 7.5 6.7 3.1 4 2.9 2.4 4.6 10.5 13.0 3.4 13.5
Redwood City 4.2 3.7 2.7 2.8 2.5 2.3 2.2 2.9 2.6 2.58 3
Redwood Shores 1.8 2 1.7 1.2 5 3 2.3 0 3.5 16 13
San Bruno 3.6 3.9 3 3.4 2.1 1.7 1.5 1.7 1.7 1.7 1.5
San Carlos 2.7 2 1.8 2 1.8 1.9 1.4 1.8 2.2 3.65 3.6
San Gregorio 1 1 1 2 2 2 2.0 2 2.0 2 2
San Mateo 3.9 3.6 2.6 2.6 2.3 1.6 2.0 2.4 1.8 3.08 3
So San Francisco 6.1 7.7 4.6 3.1 2.9 3.1 2.5 1.98 2.3 2.74 2.3
Woodside 5 13.5 4.4 3.8 12.5 18.3 6.7 8.6 9.8 16.67 14

July 2008, 2007, 2006 absorption rates
August 2008, 2007, 2006 absorption rates
September 2008, 2007, 2006 absorption rates
October 2008, 2007, 2006 absorption rates
November 2008, 2007, 2006 absorption rates

Got a San Mateo County real estate question?   Call me at 650.888.9268 or send me an email Vicki [at] CallVicki.com.   If you like what you’ve read, subscribe to the San Mateo Real Estate Blog feed.

Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

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