San Mateo County | Q1 2018

|May 1, 2018

The Mid-Peninsula’s average sales price reached $1.924 million this quarter, setting a new 10-year record high for the area. San Mateo County’s average price point rose 23 percent from the previous year, 8 percent from the previous quarter, and 7 percent from the previous record of $1.797 million set in Q2 2017. The Mid-Peninsula had a total of 769 homes sold this quarter. While this figure was an 8 percent increase from Q1 2017 it also resulted in a 32 percent drop from Q4 2017.

 San Mateo County Trends | Q1 2018

San Mateo County saw faster turn-around times this quarter than it has in a while. Homes sold on average after just 19 DOM, moving along 26 percent faster than the year before, and 10 percent quicker than Q4 2017. The $1-2 million price category accounted for 55 percent of all homes sold in the Mid-Peninsula for Q1 2018.

 San Mateo County Trends | Q1 2018

AVERAGE SALES PRICE BY CITY – THE TOP 10
Atherton topped the list with an average sales price of $7.73 million in Q1, a 34 percent jump year-over-year. Hillsborough posted a $6.199 million average sales price, up 38 percent over the $4.482 million in Q1 2017.

San Mateo County Trends | Q1 2018

SALES PRICE CHANGE
Properties that required no price change netted 13 percent on top of the initial asking price. Alternatively, price reductions were felt the hardest in the Mid-Peninsula, selling for 13 percent under the original list price.


DOWNLOAD THE McGUIRE QUARTERLY REPORT.


FOR Q1 2018 UPDATES ON EACH COUNTY, VISIT McGUIRE.COM/QUARTERLY_REPORT.






Category Market Reports, Quarterly Report, San Mateo County

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McGuire Real Estate

McGuire Real Estate

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