Market Report: San Mateo CA 12.04.09
Last week San Mateo had 157 single family houses for sale and we are seeing a real market recovery here. It’s still a Buyer’s Market but it’s no where near what we were seeing months ago. The lowest priced property was $339,000 and the highest $2,295,000. Listings are staying on the market about 62 days or 2 months, which is a normal, I repeat, normal market. The number of listings has dropped, but this is likely seasonal. Being the largest city in our area, the prices vary widely and neighborhoods are distinct and in some cases quite beautiful.
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90-day stats for Single Family properties in SAN MATEO, CA as of March 5, 2010 | |||
|---|---|---|---|
| Median List Price | $670,363 | Average List Price | $786,118 |
| Total Inventory | 134 | Price per Square Foot | $479 |
| Average Home Size | 1,515 | Median Lot Size | 5,468 |
| Average # Beds | 3.55 | Average # Baths | 2.34 |
| Homes Absorbed | 13 | Newly Listed | 14 |
| Days on Market | 144 | Average Age | 59 |
It’s taking longer to sell right now. The reason is often because fewer are seeking to look during the holidays. What we know for sure is you can get a loan to buy, if you qualify. This is much better than it has been so if you want to buy in the high end of San Mateo’s market, you have a good chance of getting a loan today. Not so earlier this year. Thank you TARP. If you are one of the many who wants to use an FHA loan, be aware that there are major changes coming next week. Your FICO score mus be 620 or greater beginning December 12. There is discussion of FHA requiring more than the current 3 1/2% down in the near future and moving it up to 5%. If you are cash strapped but qualify for an FHA loan don’t wait too long or you may be locked out of the program.
The market in San Mateo clearly bottomed out at the beginning of 2009 and has moved up since. There is a nice recovery now and if you own a home in San Mateo and want to apply to have your property taxes lowered, you still have some data available to show your case, but don’t wait too long because prices have almost recovered to 2006 levels, which was just prior to the “crash”. If you want more details than this, pop us an email and we’ll be happy to send you a full report.
Check Out Some Homes Currently For Sale in This Area
121 W BELLEVUE Av , San Mateo, CA, 94402-1141
Asking Price: $3,150,000
City: San Mateo
State: CA
Zip Code: 94402-1141Property Type: Single Family
MLS ID: 81007707
Beds: 5
Baths: 4.00
420 W POPLAR Av , San Mateo, CA, 94402-1113
Asking Price: $2,679,000
City: San Mateo
State: CA
Zip Code: 94402-1113Property Type: Single Family
MLS ID: 81008163
Beds: 5
Baths: 3.00
624 DORCHESTER Rd , San Mateo, CA, 94402-1024
Asking Price: $2,300,000
City: San Mateo
State: CA
Zip Code: 94402-1024Property Type: Single Family
MLS ID: 81006582
Beds: 5
Baths: 3.00
198 WARREN Rd , San Mateo, CA, 94401-3720
Asking Price: $1,699,000
City: San Mateo
State: CA
Zip Code: 94401-3720Property Type: Single Family
MLS ID: 81007809
Beds: 4
Baths: 3.00
657 NEVADA Av , San Mateo, CA, 94402-3362
Asking Price: $1,698,000
City: San Mateo
State: CA
Zip Code: 94402-3362Property Type: Single Family
MLS ID: 81009279
Beds: 5
Baths: 4.00
524 FORDHAM Rd , San Mateo, CA, 94402-2245
Asking Price: $1,695,000
City: San Mateo
State: CA
Zip Code: 94402-2245Property Type: Single Family
MLS ID: 81007984
Beds: 4
Baths: 3.00
8 DEER LAKE Ct , San Mateo, CA, 94402-3999
Asking Price: $1,638,000
City: San Mateo
State: CA
Zip Code: 94402-3999Property Type: Single Family
MLS ID: 80941704
Beds: 5
Baths: 3.00
633 CARIBBEAN Wy , San Mateo, CA, 94402-3418
Asking Price: $1,599,000
City: San Mateo
State: CA
Zip Code: 94402-3418Property Type: Single Family
MLS ID: 81009116
Beds: 4
Baths: 3.00
195 WARREN Rd , San Mateo, CA, 94401-3719
Asking Price: $1,599,000
City: San Mateo
State: CA
Zip Code: 94401-3719Property Type: Single Family
MLS ID: 81010582
Beds: 3
Baths: 3.00
207 HOBART Av , San Mateo, CA, 94402-2928
Asking Price: $1,499,000
City: San Mateo
State: CA
Zip Code: 94402-2928Property Type: Single Family
MLS ID: 81009981
Beds: 3
Baths: 4.00
111 ARAGON Bl , San Mateo, CA, 94402-2315
Asking Price: $1,450,000
City: San Mateo
State: CA
Zip Code: 94402-2315Property Type: Single Family
MLS ID: 81006460
Beds: 4
Baths: 2.00
1224 RHUS St , San Mateo, CA, 94402-2939
Asking Price: $1,425,000
City: San Mateo
State: CA
Zip Code: 94402-2939Property Type: Single Family
MLS ID: 81001194
Beds: 3
Baths: 3.00
244 HARVARD Rd , San Mateo, CA, 94402-2216
Asking Price: $1,395,000
City: San Mateo
State: CA
Zip Code: 94402-2216Property Type: Single Family
MLS ID: 81008076
Beds: 2
Baths: 2.00
764 EDGEWOOD Rd , San Mateo, CA, 94402-1051
Asking Price: $1,395,000
City: San Mateo
State: CA
Zip Code: 94402-1051Property Type: Single Family
MLS ID: 81007282
Beds: 2
Baths: 2.00
481 VIRGINIA Av , San Mateo, CA, 94402-2235
Asking Price: $1,379,000
City: San Mateo
State: CA
Zip Code: 94402-2235Property Type: Single Family
MLS ID: 81005648
Beds: 3
Baths: 2.00
3 GREENFIELD Ct , San Mateo, CA, 94403-5013
Asking Price: $1,368,000
City: San Mateo
State: CA
Zip Code: 94403-5013Property Type: Single Family
MLS ID: 80946994
Beds: 4
Baths: 3.00
518 CARMEL Ci , San Mateo, CA, 94402-2015
Asking Price: $1,359,000
City: San Mateo
State: CA
Zip Code: 94402-2015Property Type: Single Family
MLS ID: 80949387
Beds: 3
Baths: 3.00
2024 TIMBERLANE Wy , San Mateo, CA, 94402-3937
Asking Price: $1,325,000
City: San Mateo
State: CA
Zip Code: 94402-3937Property Type: Single Family
MLS ID: 81005965
Beds: 4
Baths: 5.00
1616 PARROTT Dr , San Mateo, CA, 94402-3607
Asking Price: $1,295,000
City: San Mateo
State: CA
Zip Code: 94402-3607Property Type: Single Family
MLS ID: 81007728
Beds: 3
Baths: 2.00
607 OREGON Av , San Mateo, CA, 94402-3303
Asking Price: $1,250,000
City: San Mateo
State: CA
Zip Code: 94402-3303Property Type: Single Family
MLS ID: 81010734
Beds: 3
Baths: 2.00
