Lana Morin Pierce
Intero Real Estate Services
1100 Park Place, Suite 100

San Mateo, CA  94403
(650) 207-5229
Lana@LanaAndAssociates.com
http://www.LanaAndAssociates.com

DRE #01439524

Access the full report here:
http://lana.rereport.com

To read the following articles:
My Home Isn’t Selling
Foreclosure Stats

Download the 4-page pdf newsletter at:
http://rereport.com/scc/print/LanaMorinSMC.pdf

 

 

Home Sales at Highest Level Since 2004

Sales of single-family, re-sale homes went over 5,000 in 2012 for the first time since 2006, when home sales were 5,031, and where at their highest level since 2004: 6,543. There were 5,135 homes sold last year in San Mateo County.

The median price for homes sold last year was $738,000. That’s the highest the median price has been since 2008 when it was $790,000.

The sales price to list price ratio was at its highest since 2005 when it was 102.2%. Last year the ratio was 101.5%.

Condo statistics were pretty much an image of the single-family home market.

Sales were at their highest level since 2006: 1,447 sold last year.

The median price was at its highest since 2008: $409,000.

The sales price to list price ratio for condos was at its highest since 2005 when it was 102.3%. Last year the ratio was 101.1%.

To read the full report, go to: http://lana.rereport.com

 

San Mateo County Price Differences

from January & Peak & Trough

Homes: detached

 

 

 

 

YTD

Peak %

Trough %

Peak

Trough

3-month

28%

-19%

42%

Aug-07

Mar-09

12-month

9%

-21%

14%

Feb-08

Oct-09

Homes: attached

 

 

 

3-month

46%

-22%

46%

Jul-07

Jan-12

12-month

17%

-29%

17%

Nov-07

Feb-12

.

 

Trends at a Glance

(Single-family Homes)

 

Dec 12

Nov 12

Dec 11

Median Price:

$   789,500

 $   767,500

 $   588,000

Average Price:

$1,007,000

 $1,014,340

 $   817,693

Home Sales:

364

396

379

Pending Sales:

373

546

472

Inventory:

333

488

1,098

Sale/List Price Ratio:

102.6%

103.5%

98.3%

Days on Market:

38

34

66

Days of Inventory:

27

36

87

The Real Estate Report provides an automatic, easy to use, property analysis feature, a mini-CMA. You can access it in the Property Analysis tab. Input your address and get a list of properties around yours that have recently sold or are currently listed for sale, all on an easy to read map. http://lana.rereport.com to see an example.

Property analysis map

The San Mateo County Real Estate Market Trends Report provides local market data on-line and in print.

Our on-line report provides an interactive experience where your prospects and clients can look at market trends down to the neighborhood level.

The four-page, condensed printable version of the report provides a brief summary of the local market and has county foreclosure stats. You can access it here: http://rereport.com/scc/print/LanaMorinSMC.pdf

 
 
 

 

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