Monday Market Update: San Mateo’s Latest Sales Stats

They say that March comes in like a lion… and in real estate will probably go out the same way. While the home sales data for the current month will not be finalized until mid-next month, the February figures are summarized below via our friends from the San Mateo County Association of Realtors®.

Note the significant drop in days on market month-over-month and drastic rise in condo & townhome prices (13.2%) as well as SFRs (5.2%). These numbers are exceeding some analyst expectations and are also a sign of continued demand amidst lack of inventory. Coupled with uncertainty in the stock market, real estate as an asset class is driving investor interest once again as well.

Happy Spring! 

Bobbi Decker
DRE#00607999

Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

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