The Wilkas Group » San Mateo real estate

The 2011 San Mateo Real Estate Market Report

lenorewilkas — Wed, 18 Jan 2012 08:34:24 +0000

The city of San Mateo is the largest city in our immediate area and has the most number of homes for sale during any one year. The 2011 San Mateo Real Estate market saw 596 single family homes sold. The average days on the market for these houses to sell was 56. Not bad considering the news reports we hear and read daily tell us about nightmares in other parts of the county. Who do you want to listen to? The news or me, your local eyes and ears on the ground in our area? That should be no brainer, folks!

The median price for a San Mateo house selling in 2011 was $805,138. That’s for the city of San Mateo not the county. The median price for all of California homes sold in December 2011 was $304,770. The 2011 statewide median prices haven’t been published yet, but this is a good number for comparison. San Mateo County is unique to California. It’s unique to the US housing market. It is not what you are hearing about on television, from the radio, on the internet or in print whether that’s a newspaper or magazine.

The average price of a housing being listed in San Mateo was $839,380
The average list price, which is the last price in the MLS when an offer comes in was $819,414
The average sale price was $807,135.
The most expensive sale in 2011 was $3,330,000
The least expensive sale in 2011 was $257,250.
The sales prices were averaging between 96% and 99% of the list price.

Why is this happening here and not other places in California? There are a couple of reasons. San Mateo County has little land for housing but lots of vacant land. It’s built out and sits between San Francisco and Santa Clara Counties. We have a vibrant tech community and businesses are generally doing well. There is a shortage of housing here, and always has been. If you want to live here you pay more to do so.

The condo market in San Mateo is large and prices vary significantly from entry level to luxury for people down sizing. There were 317 condos or townhouses sold in 2011 in San Mateo. Because of the way the Multiple Listing Service combines townhouses with condos, not everything is truly a condo in the 317 count. Many of these may also be townhouses that sit on land that is owned by the homeowner and not part of a condo community.

It took an average of 102 days to sell one of these homes (condos and townhouses). This is considerably longer than other communities in our area and that’s likely due to the shear number in the city as well as the larger number of entry level units. Condos generally take longer to sell in comparison to either townhouses or houses.

The average price was $389,705 and the median price was $340,000
The most expensive condo was $1,378,000 and there were 2 others that sold for over a million dollars
There were 5 that sold between $800,000 and $1 million
The average sold price for the city was $390,263
The sales prices were between 92% and 96% of list price but we did see some sell above asking price

We’re here to tell you more about our local real estate market and tell it like it really is. Are there bargins out there? Well, if you search hard enough, you do see a few. We are seeing short sales but there are few bank owned out there and when the bank owned properties do come on the market the banks are now fixing them up and pricing them at market price. It’s very hard to find a real deal in our area. It’s not something you can do without the help of a seasoned Realtor so give us a call and talk with us about your wants and needs and let us help you.

Above all else, you must be pre-approved before starting your buying process. The banks are making everyone jump through hoops so be prepared and be ready.

Here some of the current houses for sale in San Mateo

Showing properties 1 - 5 of 75. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$1,198,000 : 623 Maple St, San Mateo

3 beds, 3 full baths

Home size: 2,310 sq ft

Lot size: 5,568 sq ft

Year built: 1949
$1,800,000 : 519 Nevada Av, San Mateo

4 beds, 3 full baths

Home size: 2,730 sq ft

Lot size: 7,200 sq ft

Year built: 1938
$349,000 : 1758 Shoreview Av, San Mateo

2 beds, 1 full bath

Home size: 820 sq ft

Lot size: 6,100 sq ft

Year built: 1949
$525,000 : 3502 Martin Dr, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 6,790 sq ft

Year built: 1948
$478,000 : 1654 Wolfe Dr, San Mateo

4 beds, 2 full baths

Home size: 1,540 sq ft

Lot size: 5,300 sq ft

Year built: 1956

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Here are some of the current condos or townhouses for sale in San Mateo

Showing properties 1 - 5 of 67. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$200,000 : 3369 La Selva St, San Mateo

2 beds, 1 full bath

Home size: 723 sq ft

Year built: 1963
$738,000 : 10 Crystal Springs Road #2311, San Mateo

2 beds, 2 full baths

Home size: 1,210 sq ft

Year built: 2008
$585,000 : 555 Laurel Av #411, San Mateo

1 bed, 2 full baths

Home size: 1,095 sq ft

Year built: 1980
$227,000 : 155 N El Camino Real #18, San Mateo

1 bed, 1 full bath

Home size: 710 sq ft

Year built: 1949
$139,900 : 240 N Bayshore Bl #210, San Mateo

1 bed, 1 full bath

Home size: 725 sq ft

Year built: 1982

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Tick Tock Change Your Clock, San Mateo CA

lenorewilkas — Sat, 05 Nov 2011 14:00:07 +0000

If you have clocks that made a time change last Sunday like ours did, you’re not alone. Congress pushed the date for the end of Daylight Savings time by a full week but neglected to tell the tech companies around the world. Volia, we have our clocks telling us the time is an hour earlier than it really is. Or has been. That’s about to change. Tick Tock, the clocks change this tonight, or tomorrow (Sunday) morning which ever way you work. Either change them before you go to bed or when you get up but be consistent.

Have you counted how many clocks you have to change on Sunday? I bet it’s more than 10. From your watches to your clock radio to your car clocks, we have loads of them. In our kitchen alone, we have 5 clocks to change! Add in watches, the timer on the lights and the other clocks sitting around and it take us quite a while.

Don’t forget that this is a great time to change the batteries in your smoke detectors. This is one of the most critical batteries you can have in your home. You want it to work without fail so take a few minutes and replace the battery. Your family and your life may thank you for being diligent about that.

Why don’t they just leave the clock set at one time for the entire year? Good question. Ask your Representative in Congress about that. They obviously have nothing else to do.

Market Report – San Mateo CA – 10.05.2011 Single Family Homes

lenorewilkas — Wed, 05 Oct 2011 15:41:26 +0000

San Mateo is the second largest city in San Mateo County, and as such is quite diverse. There is housing at entry level prices and housing at executive level pricing which is the same as one might pay to live in Hillsborough or Burlingame. There are 91,601 on people in San Mateo according to the 2010 census and lots of housing to select from.

San Mateo sits right between San Francisco and San Jose making it the perfect commuter location for couples working in opposite communities. It’s near 101 and 280, 92 takes you to the coast or across the bay to Hayward and beyond. Weather that’s temperate and a community that offers much to be desired. Take a look at what San Mateo offers.

Here’s the latest market report for single family housing. I’ll present the report for condos and townhouses separately.

90-day stats for Single Family properties in SAN MATEO, CA as of February 3, 2012
Median List Price:	$613,630	Average List Price:	$720,232
Total Inventory:	102	Price per Square Foot:	$431
Average Home Size:	1,407	Median Lot Size:	5,474
Average # Beds:	3.16	Average # Baths:	2.06
Homes Absorbed:	11	Newly Listed:	10
Days on Market:	142	Average Age:	60

If you’re looking to buy a home in San Mateo here are some of the current listings. If you are not represented by an agent please contact us to assist you. Don’t think that by working the the listing agent you’ll get a better deal because you can’t and won’t. No agent worth their salt will be able to represent both sides of a transaction ethically so do your self a favor and use your own agent to represent your best interests.

Showing properties 1 - 35 of 75. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$1,198,000 : 623 Maple St, San Mateo

3 beds, 3 full baths

Home size: 2,310 sq ft

Lot size: 5,568 sq ft
$1,800,000 : 519 Nevada Av, San Mateo

4 beds, 3 full baths

Home size: 2,730 sq ft

Lot size: 7,200 sq ft
$349,000 : 1758 Shoreview Av, San Mateo

2 beds, 1 full bath

Home size: 820 sq ft

Lot size: 6,100 sq ft
$525,000 : 3502 Martin Dr, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 6,790 sq ft
$478,000 : 1654 Wolfe Dr, San Mateo

4 beds, 2 full baths

Home size: 1,540 sq ft

Lot size: 5,300 sq ft
$399,000 : 1668 Taylor St, San Mateo

3 beds, 1 full bath

Home size: 1,190 sq ft

Lot size: 5,356 sq ft
$1,695,000 : 424 Sonora Dr, San Mateo

3 beds, 3 full baths

Home size: 2,390 sq ft

Lot size: 5,200 sq ft
$595,000 : 124 31st Av, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 5,720 sq ft
$549,000 : 1317 Claudia Av, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,670 sq ft

Lot size: 6,000 sq ft
$550,000 : 1709 Royal Av, San Mateo

3 beds, 2 full baths

Home size: 1,080 sq ft

Lot size: 6,426 sq ft
$1,399,000 : 431 Iowa Dr, San Mateo

3 beds, 2 full baths

Home size: 1,660 sq ft

Lot size: 6,600 sq ft
$559,900 : 508 Rand St, San Mateo

3 beds, 2 full baths

Home size: 1,420 sq ft

Lot size: 6,250 sq ft
$1,075,000 : 316 26th Av, San Mateo

4 beds, 2 full, 1 part baths

Home size: 2,180 sq ft

Lot size: 6,250 sq ft
$568,888 : 1855 Maxine Av, San Mateo

3 beds, 3 full baths

Home size: 1,500 sq ft

Lot size: 5,500 sq ft
$349,000 : 1409 Young St, San Mateo

2 beds, 2 full baths

Home size: 1,130 sq ft

Lot size: 6,100 sq ft
$997,000 : 775 Edgewood Rd, San Mateo

2 beds, 2 full baths

Home size: 1,369 sq ft

Lot size: 8,125 sq ft
$825,000 : 3985 Oneill Dr, San Mateo

5 beds, 3 full baths

Home size: 2,320 sq ft

Lot size: 5,000 sq ft
$1,648,000 : 1696 Lexington Av, San Mateo

5 beds, 4 full baths

Home size: 3,790 sq ft

Lot size: 7,700 sq ft
$599,900 : 3980 Oneill Dr, San Mateo

3 beds, 2 full baths

Home size: 1,750 sq ft

Lot size: 5,000 sq ft
$374,900 : 149 N Delaware St, San Mateo

2 beds, 1 full bath

Home size: 1,040 sq ft

Lot size: 5,750 sq ft
$524,900 : 177 Mclellan Av, San Mateo

3 beds, 1 full bath

Home size: 1,360 sq ft

Lot size: 6,250 sq ft
$379,000 : 28 Prague St, San Mateo

2 beds, 1 full bath

Home size: 930 sq ft

Lot size: 5,000 sq ft
$999,800 : 3045 Greenoak Ct, San Mateo

3 beds, 2 full baths

Home size: 1,826 sq ft

Lot size: 7,000 sq ft
$409,000 : 1216 S Norfolk St, San Mateo

4 beds, 2 full baths

Home size: 1,470 sq ft

Lot size: 5,000 sq ft
$447,500 : 1403 Bradley Ct, San Mateo

4 beds, 2 full baths

Home size: 970 sq ft

Lot size: 4,160 sq ft
$750,000 : 404 W 38th Av, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,800 sq ft

Lot size: 5,336 sq ft
$390,900 : 1297 Pershing Av, San Mateo

3 beds, 2 full baths

Home size: 1,360 sq ft

Lot size: 5,890 sq ft
$675,000 : 20 Grand Bl, San Mateo

2 beds, 1 full, 1 part baths

Home size: 1,070 sq ft

Lot size: 3,404 sq ft
$722,200 : 1740 Roberta Dr, San Mateo

3 beds, 2 full baths

Home size: 1,380 sq ft

Lot size: 9,300 sq ft
$399,000 : 1502 Mefferd Av, San Mateo

3 beds, 1 full bath

Home size: 1,310 sq ft

Lot size: 5,200 sq ft
$899,000 : 1616 Toyon Ct, San Mateo

3 beds, 2 full, 1 part baths

Home size: 2,310 sq ft

Lot size: 3,638 sq ft
$779,999 : 1665 Wellesley Av, San Mateo

4 beds, 3 full baths

Home size: 2,270 sq ft

Lot size: 5,750 sq ft
$1,275,000 : 41 Lakewood Ci, San Mateo

4 beds, 3 full baths

Home size: 2,730 sq ft

Lot size: 10,125 sq ft
$1,138,888 : 3904 Fernwood St, San Mateo

4 beds, 3 full baths

Home size: 2,430 sq ft

Lot size: 5,800 sq ft
$519,000 : 1601 Noe Av, San Mateo

3 beds, 2 full baths

Home size: 1,080 sq ft

Lot size: 5,500 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

April 2011 Market Report: San Mateo CA

lenorewilkas — Wed, 11 May 2011 16:44:49 +0000

San Mateo is the 2nd most populous city in San Mateo County with around 97,000 residents. What goes along with the size of the city is the dramatic difference in housing and prices. From entry level houses to huge estate sized homes, one can find almost anything in their price range. There’s a large assortment of condos, a sprinkling of townhouses, and lots and lots of single family houses, many built after WWII. Central in the county it’s a great commute location for north or south cities on the Peninsula.

The housing market has improved over the past year, which is great news for current homeowners and people looking to buy today. Altos Research showed that last week prices had a dramatic spread, from a low of $249,000 to a high of $3.8 million. Believe me when I tell you that $249,000 house is tiny and in a rather bad location, but it’s a stand alone house built in the 1930′s when it once was a darling home.

Here’s the snapshot of last week’s condo and townhouse listings in San Mateo. Like the houses, prices vary dramatically from a studio apartment to a glamorous high rise condo with views forever.

Here’s the MLS report I’m doing this year for San Mateo. The market is warming up and prices are too. San Mateo County has a housing shortage and rentals are being snapped up and rents are rising dramatically. If you think you can’t afford to buy you may be surprised that you can. We can help you figure that out pretty quickly. Why pay someone else’s mortgage when you can take advantage of the tax advantages home ownership offers?

Here’s some of what’s available for sale in San Mateo today. If you see something you want more information about please call us or drop us an email. We’ll be happy to get you more info and show it to you.

Showing properties 1 - 30 of 151. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$1,198,000 : 623 Maple St, San Mateo

3 beds, 3 full baths

Home size: 2,310 sq ft

Lot size: 5,568 sq ft
$1,800,000 : 519 Nevada Av, San Mateo

4 beds, 3 full baths

Home size: 2,730 sq ft

Lot size: 7,200 sq ft
$349,000 : 1758 Shoreview Av, San Mateo

2 beds, 1 full bath

Home size: 820 sq ft

Lot size: 6,100 sq ft
$695,000 : 13 Gallowridge Ct, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,600 sq ft

Lot size: 1,768 sq ft
$525,000 : 3502 Martin Dr, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 6,790 sq ft
$478,000 : 1654 Wolfe Dr, San Mateo

4 beds, 2 full baths

Home size: 1,540 sq ft

Lot size: 5,300 sq ft
$399,000 : 1668 Taylor St, San Mateo

3 beds, 1 full bath

Home size: 1,190 sq ft

Lot size: 5,356 sq ft
$200,000 : 3369 La Selva St, San Mateo

2 beds, 1 full bath

Home size: 723 sq ft
$1,695,000 : 424 Sonora Dr, San Mateo

3 beds, 3 full baths

Home size: 2,390 sq ft

Lot size: 5,200 sq ft
$595,000 : 124 31st Av, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 5,720 sq ft
$549,000 : 1317 Claudia Av, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,670 sq ft

Lot size: 6,000 sq ft
$550,000 : 1709 Royal Av, San Mateo

3 beds, 2 full baths

Home size: 1,080 sq ft

Lot size: 6,426 sq ft
$1,399,000 : 431 Iowa Dr, San Mateo

3 beds, 2 full baths

Home size: 1,660 sq ft

Lot size: 6,600 sq ft
$559,900 : 508 Rand St, San Mateo

3 beds, 2 full baths

Home size: 1,420 sq ft

Lot size: 6,250 sq ft
$1,075,000 : 316 26th Av, San Mateo

4 beds, 2 full, 1 part baths

Home size: 2,180 sq ft

Lot size: 6,250 sq ft
$568,888 : 1855 Maxine Av, San Mateo

3 beds, 3 full baths

Home size: 1,500 sq ft

Lot size: 5,500 sq ft
$349,000 : 1409 Young St, San Mateo

2 beds, 2 full baths

Home size: 1,130 sq ft

Lot size: 6,100 sq ft
$997,000 : 775 Edgewood Rd, San Mateo

2 beds, 2 full baths

Home size: 1,369 sq ft

Lot size: 8,125 sq ft
$738,000 : 10 Crystal Springs Road #2311, San Mateo

2 beds, 2 full baths

Home size: 1,210 sq ft
$825,000 : 3985 Oneill Dr, San Mateo

5 beds, 3 full baths

Home size: 2,320 sq ft

Lot size: 5,000 sq ft
$1,648,000 : 1696 Lexington Av, San Mateo

5 beds, 4 full baths

Home size: 3,790 sq ft

Lot size: 7,700 sq ft
$599,900 : 3980 Oneill Dr, San Mateo

3 beds, 2 full baths

Home size: 1,750 sq ft

Lot size: 5,000 sq ft
$374,900 : 149 N Delaware St, San Mateo

2 beds, 1 full bath

Home size: 1,040 sq ft

Lot size: 5,750 sq ft
$524,900 : 177 Mclellan Av, San Mateo

3 beds, 1 full bath

Home size: 1,360 sq ft

Lot size: 6,250 sq ft
$379,000 : 28 Prague St, San Mateo

2 beds, 1 full bath

Home size: 930 sq ft

Lot size: 5,000 sq ft
$585,000 : 555 Laurel Av #411, San Mateo

1 bed, 2 full baths

Home size: 1,095 sq ft
$999,800 : 3045 Greenoak Ct, San Mateo

3 beds, 2 full baths

Home size: 1,826 sq ft

Lot size: 7,000 sq ft
$409,000 : 1216 S Norfolk St, San Mateo

4 beds, 2 full baths

Home size: 1,470 sq ft

Lot size: 5,000 sq ft
$227,000 : 155 N El Camino Real #18, San Mateo

1 bed, 1 full bath

Home size: 710 sq ft
$447,500 : 1403 Bradley Ct, San Mateo

4 beds, 2 full baths

Home size: 970 sq ft

Lot size: 4,160 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Are You Feeling Financially Squeezed? San Mateo,CA

Alexander Wilkas — Tue, 29 Mar 2011 05:43:16 +0000

How to Escape the Grip of Foreclosure

No one wants to be in the situation of losing their home because of a mortgage interest rate reset. The reality is that millions of Americans across the country are struggling with unaffordable mortgage payments, and more than ever lenders are motivated to work with homeowners to come to a resolution. We can help advise you of your options and show you how to create a strategy that will loosen the hold that foreclosure has on your future.

You have options

When you began struggling with your mortgage payments, you may have felt that you had no way out of the situation, but you actually have many different options. We will guide you through the process of finding which option is best for you. By discovering and acting on your options, you’ll have the leverage to escape the grip of foreclosure.

Your Foreclosure Alternatives Include:

Short Sale
Reinstatement
Forbearance or Repayment
Mortgage Modification
Rent the Property
Deed-in-Lieu
Bankruptcy
Refinance
Service members Civil Relief Act
Sell the Property

Relieve the Stress

When you owe more on your home than it’s worth, and are struggling to make payments, the pressure you feel can go through the roof! If you are in a situation where your expenses exceed your income, have a verifiable financial hardship, and no other assets to pay off the balance of your mortgage, you may qualify for a loan modification or short sale.

We can help relieve the burden of an overwhelming mortgage by showing you ways to execute a dignified solution.

Do You Qualify For A Short Sale?

Do you have…

Financial Hardship: severe illness, military service, insurance or tax increase, etc. (Ask us for a full list of acceptable hardships)
Monthly Shortfall: business failure, job loss wage reduction, divorce, etc.
Insolvency: you currently owe more money than you have, or you are about to reach that point

If you answer YES to the above questions, you may qualify.

Calm your fears!

You may be anxious about whether your lender is motivated to work out a solution with you. The reality is that lenders lose much less in a short sale or loan modification than they do in foreclosure. The cost of foreclosure may cost your lender up to 50% of the loan amount while a short sale could only cost them from 15-30%.

What Does It All Mean?:

SHORT SALE
A short sale is when the lender agrees for the property to be sold at a price lower that the mortgage balance owed.

DEED-IN-LIEU
A deed-in-lieu is when the lender receives the house deed in place of the mortgage balance, although in some cases the lender will still pursue the homeowner for the leftover mortgage balance, which is called a deficiency judgement.

A short sale or deed-in-lieu through the government’s (HAFA) Home Affordable Affordable Alternative Project prohibits the participating lender from pursuing a deficiency judgment.

SHORT SALE BENEFITS
The financial implications of short sales are always less severe that the implications of foreclosure. Your credit score, credit history, employment applications, and future chances of acquiring a loan are all benefit from completing a short sale rather than being foreclosed upon.

Our job is to facilitate cooperation and communication between you and your lender and work toward the best solution for everyone. Knowing this should help you breathe a little easier when starting this process.

Call Us Today!

We know that you are grappling with unfortunate circumstances, and dealing with all the emotions that come with it. We are trained to guide you through this process, help you to restore hope, and empower your future. You are not alone in this situation.

We Are (CHS) Certified HAFA Specialists, (CDPE) Certified Distressed Property Experts) and (SFR) Short Sales & Foreclosure Resource Specialists.

We are here to help.

How’s the Market in San Mateo – 2.4.11?

lenorewilkas — Fri, 04 Feb 2011 18:21:28 +0000

San Mateo is the largest city in our County with over 90,000 people and of course that means the most houses. Hold your hats here, we’re talking about over 25,000 homes just in San Mateo and they offer the greatest spread of prices, too. From entry level condos and houses to homes as grand any many in Hillsborough. The chart above shows price verses inventory (number of homes for sale) for all of 2010 and January of 2011. There’s a tiny uptick in price in January, which is to be expected since the end of the year is always when prices decline significantly because the homes for sale during the holidays are the ones that must be sold for a multiple of reasons.

Since I’m starting a monthly trending of what’s happening in the city for both houses and condos, here’s the January snapshot. I can drill down to neighborhoods for anyone who wants more information but you’ll have to ask me for that. The average price for a home in San Mateo is $761,599 and for a condo or townhouse is $465,421.

Here is what took place from the first of the year. There were 109 single family homes for sale and 126 condos or townhouses. We saw 81 homes and 49 condos or townhouses go into contract and becoming pending sale. Only 9 homes closed escrow in January and 1 condo or townhouse closed. This isn’t a worrisome amount because they were under contract at the end of 2010, the slowest period of real estate in the year.

Here’s a snapshot of what’s for sale in San Mateo now. First will be homes then will be condos. If you see anything you like give us a call at 650-696-2820 for a showing,.

Showing properties 1 - 15 of 75. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$1,198,000 : 623 Maple St, San Mateo

3 beds, 3 full baths

Home size: 2,310 sq ft

Lot size: 5,568 sq ft
$1,800,000 : 519 Nevada Av, San Mateo

4 beds, 3 full baths

Home size: 2,730 sq ft

Lot size: 7,200 sq ft
$349,000 : 1758 Shoreview Av, San Mateo

2 beds, 1 full bath

Home size: 820 sq ft

Lot size: 6,100 sq ft
$525,000 : 3502 Martin Dr, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 6,790 sq ft
$478,000 : 1654 Wolfe Dr, San Mateo

4 beds, 2 full baths

Home size: 1,540 sq ft

Lot size: 5,300 sq ft
$399,000 : 1668 Taylor St, San Mateo

3 beds, 1 full bath

Home size: 1,190 sq ft

Lot size: 5,356 sq ft
$1,695,000 : 424 Sonora Dr, San Mateo

3 beds, 3 full baths

Home size: 2,390 sq ft

Lot size: 5,200 sq ft
$595,000 : 124 31st Av, San Mateo

2 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 5,720 sq ft
$549,000 : 1317 Claudia Av, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,670 sq ft

Lot size: 6,000 sq ft
$550,000 : 1709 Royal Av, San Mateo

3 beds, 2 full baths

Home size: 1,080 sq ft

Lot size: 6,426 sq ft
$1,399,000 : 431 Iowa Dr, San Mateo

3 beds, 2 full baths

Home size: 1,660 sq ft

Lot size: 6,600 sq ft
$559,900 : 508 Rand St, San Mateo

3 beds, 2 full baths

Home size: 1,420 sq ft

Lot size: 6,250 sq ft
$1,075,000 : 316 26th Av, San Mateo

4 beds, 2 full, 1 part baths

Home size: 2,180 sq ft

Lot size: 6,250 sq ft
$568,888 : 1855 Maxine Av, San Mateo

3 beds, 3 full baths

Home size: 1,500 sq ft

Lot size: 5,500 sq ft
$349,000 : 1409 Young St, San Mateo

2 beds, 2 full baths

Home size: 1,130 sq ft

Lot size: 6,100 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Showing properties 1 - 15 of 76. See more city of San Mateo real estate.
(all data current as of 2/12/2012)

$695,000 : 13 Gallowridge Ct, San Mateo

3 beds, 2 full, 1 part baths

Home size: 1,600 sq ft

Lot size: 1,768 sq ft
$200,000 : 3369 La Selva St, San Mateo

2 beds, 1 full bath

Home size: 723 sq ft
$738,000 : 10 Crystal Springs Road #2311, San Mateo

2 beds, 2 full baths

Home size: 1,210 sq ft
$585,000 : 555 Laurel Av #411, San Mateo

1 bed, 2 full baths

Home size: 1,095 sq ft
$227,000 : 155 N El Camino Real #18, San Mateo

1 bed, 1 full bath

Home size: 710 sq ft
$139,900 : 240 N Bayshore Bl #210, San Mateo

1 bed, 1 full bath

Home size: 725 sq ft
$497,000 : 425 N El Camino Real #210, San Mateo

2 beds, 2 full baths

Home size: 1,498 sq ft
$279,900 : 240 N Bayshore Bl #317, San Mateo

2 beds, 2 full baths

Home size: 1,020 sq ft
$489,999 : 153 N San Mateo Dr #103, San Mateo

1 bed, 1 full bath

Home size: 964 sq ft
$239,000 : 707 Fathom Dr #207, San Mateo

1 bed, 1 full bath

Home size: 734 sq ft
$212,900 : 718 S Idaho St #8, San Mateo

1 bed, 1 full bath

Home size: 632 sq ft
$1,800,000 : 555 Laurel Av #108, San Mateo

3 beds, 3 full baths

Home size: 3,116 sq ft
$999,000 : 28 W 4th Av #8, San Mateo

3 beds, 3 full baths

Home size: 2,500 sq ft
$409,000 : 1161 Shoreline Dr, San Mateo

1 bed, 1 full, 1 part baths

Home size: 1,150 sq ft
$625,000 : 50 Mounds Rd #801, San Mateo

2 beds, 2 full baths

Home size: 2,076 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Where’s the Market Trending? San Mateo, CA – 02.22.10 Single Family Homes

lenorewilkas — Mon, 22 Feb 2010 21:13:33 +0000

The City of San Mateo is the largest housing market in our immediate area. With a population just under 100,000 (or more once the census is completed) there is a wide variety of houses to choose from. It offers a good selection of entry level homes, and has one of the prettiest areas with executive homes in the County, San Mateo Park. Prices have come down significantly in some parts of the city, and while they’ve dropped some in other areas, they are now moving upwards again. Those areas include The Park, Baywood, Baywood Knolls and Aragon, where the largest homes are in the city. These areas also garner significantly higher prices then other parts of the city.

San Mateo is a great place to live with a large downtown that draws people at all hours. The Central Park sits at the edge of downtown and has one of the largest Japanese Gardens in the State as well as many areas for play and leisure.

This chart shows what’s happening with the single family housing market today versus 4 years ago. Click on the numbers at the left of the chart to see the historical data, which is really interesting. This chart clearly shows how little inventory in housing we have right now. This is why we are seeing multiple offers in certain price points. We think there will be many more housing coming on the market this spring since there must be a lot of people out there unable to refinance their ARMs that are coming due later this year. If and when this happens expect to see prices remain flat. Right now, although it is a Buyer’s Market, that can’t last long without inventory.

Where’s the Market Trending? San Mateo, CA – 02.17.10 Condos & Townhouses

lenorewilkas — Wed, 17 Feb 2010 09:15:42 +0000

Since San Mateo is a large and diverse city, there are options in buying a home besides a house within the city. Condos and townhouses are sprinkled around the city allowing for one to buy something better fitting their budget and needs. The condo and townhouse market is pretty vibrant in San Mateo. Condos are often the purchase choice of people downsizing from houses so many of them attract senior citizens. The most luxurious condos are just west of downtown and some offer fantastic views of the bay and City. There is a huge development near the Bay east of 101, with some sitting along the water. The biggest townhouse development is just west of the College of San Mateo in the hills off of Highway 92. Other smaller developments are closer to the downtown area and some near Burlingame.

There is a good selection of condos and townhouses in San Mateo. When you play with the chart by clicking the the numbers at the top left, you can see the past 3 years and see exactly when we were at the peak of the bubble, and how things have fared since. I think you’ll have fun with this one.

The Wilkas Group has a great deal of experience is helping buyers and sellers of condos and townhouses. We make certain that our clients only buy properties in well managed communities. Today there are a lot of problems with some condo communities in the County and we anticipate seeing some major issues coming down the road because of this. If you are thinking about buying a condo or a townhouse you need to have a Realtor who knows what to look for to avoid problems for you. If you have questions about this just click on the “contact us” button on the left. We’ll be back to you either by email or phone, your choice. It’s our job to help you with your purchase and sale to avoid problems.

Year-end Look at San Mateo CA Market

lenorewilkas — Fri, 01 Jan 2010 02:31:12 +0000

I am a full believer that pictures say more than words do. I just ran a report to see how the market has been in San Mateo for single family and condo/townhouses this past year. San Mateo has about 90,000 people living in it making it the second largest city in the county. Prices run from entry level condos and houses into many millions of dollars for a huge house. In the early part of the year past, the banks would not lend to anyone trying to buy a house that required what they like to call a jumbo-jumbo loan, the high end of the market tanked. After arm twisting by the Fed and the administration in Washington DC, the banking wallets opened up and we began to see these loans offered once again. This made the high end of the market warm up and we saw some action.

We’re looking first at single family houses sold between November 2008 and November 2009. Sorry, I won’t have the December data until next week so if you’d like to see it let me know and I’ll get it to you. The end of 2008 and into first quarter we were still seeing bank owned sales. They have diminished since then. We see some, but not a huge amount any longer. Does that mean they are gone from San Mateo? Doubtful. We all anticipate seeing many more short sales and bank owned (REO’s) in 2010. The Wilkas Group is prepared to help all of our clients with this kind of a market having taken specialized training to be able to guide both buyer’s and seller’s through the many different things that bank’s require. If you want to buy a short sale or REO, use an agent who understands how to navigate through the process.

2009 San Mateo CA single family houses for sale vs. median sold

What are we seeing here? The number of houses sold really didn’t change much for most of the early part of the year, because of the loan situation. FHA loans were the loan of choice for most people through the first half of the year. From mid-year though, we began to see the market warm up. The drop in November could be because of the usual decline of demand at year’s end when seller’s often remove their house from the market until the new year, and buyer’s are thinking about the holidays.

Let look at the Condo-Townhouse market in San Mateo.

One would expect to see more sales of condos as most of them are entry level purchases but many former condo buyers were able to buy a single family house this past year. What is interesting is that prices didn’t drop as dramatically in San Mateo as they did in other cities in the State. This shows some of the uniqueness of our County.

There is still a huge disparity in the number of condos and townhouses for sale verses those sold. It’s a strong buyer’s market for condos and many are very affordable. The number of sales has been pretty consistent all year long. There are many condos to select from as you can clearly see by the number for sale.

Market Report: San Mateo CA 12.04.09

lenorewilkas — Fri, 04 Dec 2009 23:48:40 +0000

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.

90-day stats for Single Family properties in SAN MATEO, CA as of February 3, 2012
Median List Price:	$613,630	Average List Price:	$720,232
Total Inventory:	102	Price per Square Foot:	$431
Average Home Size:	1,407	Median Lot Size:	5,474
Average # Beds:	3.16	Average # Baths:	2.06
Homes Absorbed:	11	Newly Listed:	10
Days on Market:	142	Average Age:	60

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

[listingpress citystate='San Mateo,CA|' zipstate='' proptype='Single Family|' beds='0' baths='0' minprice='0' maxprice='0' features='' /]