Monday Market Update: San Mateo’s Latest Sales Stats
Median sales prices are surging – especially in the condo market!
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
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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