San Mateo County Trends
Q4 2016

|January 25, 2017

San Mateo County Trends | Q4 2016
The Mid-Peninsula’s $1.66 million average home sale was the second-highest in market history, and a 6 percent gain from the previous year. The 1,104 homes sold in San Mateo County was up 9 percent year-over-year. The average 30 DOM represented just a slightly slower pace for the region than what we’ve seen in previous quarters. Similar to San Francisco’s single-family home market, the Mid-Peninsula’s strong figures this quarter can be attributed in part to pent-up demand leading up to the November elections, and the windfall of high-priced homes that finally moved once economic forecasts regained stability.
San Mateo County Trends | Q4 2016
AVERAGE SALES PRICE BY CITY – THE TOP 10
Atherton, one of the Bay Area’s most affluent enclaves, continued its pattern of growth—with four sales above the $16 million mark and a 9 percent year-over-year gain. Portola Valley also performed well, with a $13.298 million closing and seven additional sales above $2.5 million.
San Mateo County Trends | Q4 2016
SALES PRICE CHANGE
Homes that required no price change added 3 percent on top initial list price. When sellers tested the market, just 86 percent of their initial asking price was recovered. This last figure should give buyers some optimism about negotiations in the new year.
San Mateo County Trends | Q4 2016


DOWNLOAD THE McGUIRE QUARTERLY REPORT.
McGuire Quarterly Report | Q4 2016
FIND Q4 2016 MARKET UPDATES FOR EACH COUNTY AT MCGUIRE.COM/QUARTERLY_REPORT

Category Quarterly Report

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McGuire Real Estate

McGuire Real Estate

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