San Mateo Median House Prices Q3 2008

 

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I’ve gone on and on about median prices and what they mean.  You can catch my soapbox theory at that post.

Here’s the straight dope:  The median prices are calculated by looking at the MSA or Metropolitan Statistical AreaAs Realtor.org says, MSA’s “are as defined by the U.S. Office of Management and Budget and include the specified city or cities and surrounding suburban areas.”  What’s that mean?  It means that San Mateo County is lumped in with San Francisco, Oakland and Fremont.


California existing home sales

2005 2006 2007 2007.III 2007.IV 2008.I 2008.II r 2008.III p Qtr. Yr.
                % Change % Change
601.1 459.9 355.0 314.4 305.2 310.0 388.8 498.0 28.1% 58.4%

San Francisco-Oakland-Fremont Metropolitan Statistical Area

2005 2006 2007 2007.III 2007.IV 2008.I 2008.II r 2008.III p % Change
715.7 752.8 805.4 824.2 778.0 701.7 684.9 615.7 -25.3%

San Mateo County Median Sales Price Q3 2007 & 2008

  2007 Q3  2008 Q3 % of Change
San Mateo County 1,147,720 777,777 -47
Atherton 4,300,000 3,925,000 -9
Belmont 937,250 900,000 -4
Brisbane 1,025,000 860,000 -7
Burlingame 1,359,000 1,212,000 -11
Daly City 710,000 560,000 -22
East Palo Alto 584,900 315,000 -47
El Granada 970,500 655,000 -33
Foster City 1,175,000 1,088,000 -8
Half Moon Bay 1,150,000 859,837 -26
Hillsborough 2,852,000 2,323,750 -19
La Honda 665,000 250,000 -63
Loma Mar 647,500 1,100,000 69
Menlo Park 1,207,000 1,340,000 11
Millbrae 975,000 980,000 0.5
Montara 1,145,000 847,500 -26
Moss Beach 819,000 700,000 -15
Pacifica 728,825 580,000 -21
Pescadero 645,000 2,150,000 97
Portola Valley 2,430,000 2,050,000 -16
Redwood City 872,500 790,000 -10
Redwood Shores 1,194,000 1,065,000 -11
San Bruno 755,500 599,500 -21
San Carlos 1,151,000 1,020,000 -12
San Mateo 945,400 825,000 -13
South San Francisco 700,000 580,000 -18
Woodside 2,335,000 1,600,000 -32

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.

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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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