San Bruno Home Values & Market Update
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Updated April 23, 2018

Market Snapshot – San Bruno (Recent Sales here)

San Bruno continues to mirror the overall market trend in the Bay Area, with rising sale prices and extremely limited and declining inventory. It marked the sixth straight year for higher sales prices for both single family homes and condo/townhomes.

The current Bay Area real estate market hinges on an extremely low supply of homes. This low inventory, combined with strong demand among home buyers, is largely responsible for the continued appreciation across most price points and markets. According to Trulia’s Chief Economist Ralph McLaughlin, this isn’t a bubble as we’ve seen in previous up cycles, but the result of basic economic forces of (lack of) supply and (strong) demand. Multiple forces are keeping home inventory low. There aren’t enough new homes being built to meet increasing demand. Additionally, current California property tax code provides a strong financial incentive for long-term homeowners to stay in their existing homes. McLaughlin also notes that the new congressional tax plan with its lower cap on the mortgage interest deduction may act to further limit supply. Under the new law, the cap on the mortgage interest deduction is reduced from $1 million to $750,000. Existing homeowners are grandfathered in at the $1 million level, giving them even more incentive to stay put.

Finally, the Fed raised interest rates in March, which will likely impact mortgage rates. Higher mortgage rates reduce buying power. Between reduced buying power and increasing prices, time is not on the side of buyers right now. Those who are ‘waiting it out’ may be waiting a long time.

Here are the numbers for March 2018. If you are curious about your San Bruno home value, you can receive a free online estimate, or request a custom evaluation which we are happy to give to you, free, without the hard sales pitch.

 

Mar-18 % Change Year Over Year Rolling 3 Month Average
Median Sales Price ($USD) $1,220,000 11.9%
Overbids (%) 114.30% 0.4%
New Listings (#) 16 -9.80%
Homes Sold (#) 13 6.06%
Months of Inventory 0.7 -29.41%
Median Days on Market (DOM) 11 -4.88%
Average Days on Market (DOM) 13 35.29%

Median Sales Price – San Bruno SFR

Ratio of List Price to Sold Price (Overbids) – San Bruno SFR

Number of New Listings vs Sold Listings, San Bruno SFR

Months of Inventory – San Bruno SFR

Median and Average Days on Market (DOM) – San Bruno SFR

 

San Bruno Single Family Home Closed Sales since 1/1/2018

Street Address Close Date Price/SqFt Sale Price RATIO Close Price By List Price DOM Beds Total Bths Sq Ft Total Lot Size
555 2nd Avenue 3/20/18 1,150.68 $840,000 1.221 14 2 1|0 730 5,000 Lot SqFt
860 3rd Avenue 2/5/18 721.31 $880,000 1.102 4 2 2|0 1,220 3,100 Lot SqFt
714 E 4th Avenue 1/31/18 395.57 $625,000 0.754 64 5 2|0 1,580 5,000 Lot SqFt
741 4th Avenue 2/20/18 950 $760,000 0.951 75 2 1|0 800 2,500 Lot SqFt
909 6th Avenue 2/6/18 685.29 $699,000 1 0 4 1|1 1,020 5,000 Lot SqFt
185 Acacia Avenue 1/5/18 740.74 $1,200,000 1.103 15 2 1|0 1,620 7,500 Lot SqFt
585 Acacia Avenue 3/22/18 813.33 $1,220,000 1.222 14 3 1|1 1,500 5,238 Lot SqFt
3811 Adriatic Way 4/4/18 647.47 $1,675,000 1.118 5 5 3|1 2,587 5,595 Lot SqFt
360 Alcott Road 1/5/18 1,000.00 $1,160,000 1.162 22 3 2|0 1,160 5,992 Lot SqFt
170 Allen Drive 3/14/18 736.1 $1,350,000 1.055 21 3 2|0 1,834 5,096 Lot SqFt
800 Cedar Avenue 2/26/18 827.81 $1,250,000 1.111 13 4 2|0 1,510 5,400 Lot SqFt
483 Chestnut Avenue 3/15/18 744.05 $1,250,000 1.251 6 3 2|0 1,680 3,700 Lot SqFt
1580 Claremont Drive 3/30/18 774.65 $1,100,000 1.1 1 4 3|0 1,420 5,000 Lot SqFt
2756 Concord Way 4/13/18 961.54 $1,250,000 1.046 13 3 2|0 1,300 5,508 Lot SqFt
3921 Coronado Way 3/7/18 1,051.29 $1,219,500 1.238 9 3 2|0 1,160 5,000 Lot SqFt
321 Courtland Drive 1/26/18 760.87 $1,400,000 1.25 7 3 2|0 1,840 5,000 Lot SqFt
295 Elm Avenue 2/24/18 1,063.38 $755,000 1.007 65 1 1|0 710 2,750 Lot SqFt
398 Elm Avenue 2/16/18 830.19 $880,000 1.026 14 2 1|0 1,060 2,700 Lot SqFt
110 Emalita Court 2/22/18 862.07 $1,500,000 1.277 3 3 2|0 1,740 4,592 Lot SqFt
2421 Fleetwood Drive 2/20/18 841 $1,280,000 1.422 14 4 2|0 1,522 4,851 Lot SqFt
2611 Fleetwood Drive 3/23/18 948.65 $1,053,000 1.171 11 3 2|0 1,110 6,270 Lot SqFt
3260 Geoffrey Drive 3/23/18 936.97 $1,115,000 1.121 10 3 2|0 1,190 5,000 Lot SqFt
1940 Glen Avenue 3/29/18 634.22 $1,505,000 0.941 34 4 3|0 2,373 5,200 Lot SqFt
941 Glenview Drive 3/1/18 540.64 $1,530,000 0.956 113 6 2|1 2,830 6,300 Lot SqFt
881 Glenview Drive 1/16/18 436.76 $1,388,888 0.933 6 3|0 3,180 6,100 Lot SqFt
883 Huntington Avenue 1/4/18 526.67 $790,000 0.879 56 3 2|0 1,500 2,500 Lot SqFt
883 Huntington Ave 1/4/18 526.67 $790,000 0.879 3 2|0 1,500 2,500 Lot SqFt
2965 Longview Drive 1/8/18 540.29 $1,475,000 1.062 15 5 4|0 2,730 10,831 Lot SqFt
3461 Longview Drive 3/22/18 992.06 $1,250,000 1.265 6 3 2|0 1,260 6,900 Lot SqFt
1090 Montgomery Avenue 1/5/18 906.25 $725,000 0.829 112 2 1|0 800 2,500 Lot SqFt
509 W Oak Avenue 2/15/18 650.3 $1,099,000 1.01 37 3 2|0 1,690 5,000 Lot SqFt
571 Oak Avenue 4/18/18 933.29 $1,399,000 1 8 3 2|0 1,499 7,400 Lot SqFt
141 Parkview Drive 1/5/18 801.19 $1,346,000 1.056 8 3 2|0 1,680 5,000 Lot SqFt
778 Pepper Drive 3/30/18 1,016.67 $1,220,000 1.035 25 3 1|0 1,200 5,520 Lot SqFt
421 Poplar Avenue 2/20/18 681.44 $1,153,000 1.159 10 2 2|0 1,692 4,410 Lot SqFt
2990 Rollingwood Drive 4/12/18 782.97 $1,425,000 1.106 16 3 3|0 1,820 9,240 Lot SqFt
2491 Rosewood Drive 3/23/18 1,074.07 $1,450,000 1.116 5 3 2|0 1,350 6,667 Lot SqFt
2491 Rosewood Drive 3/23/18 1,074.07 $1,450,000 1.116 3 2|0 1,350 6,667 Lot SqFt
305 San Anselmo Avenue 1/3/18 964.91 $1,100,000 1.159 7 3 1|1 1,140 6,030 Lot SqFt
2001 Willow Way 2/1/18 911.95 $1,450,000 1.234 9 4 2|0 1,590 5,940 Lot SqFt