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

Market Snapshot – San Mateo (Recent Sales here)

San Mateo 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 Mateo 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) $1,750,500 12.4%
Overbids (%) 120.30% 9.8%
New Listings (#) 61 14.18%
Homes Sold (#) 47 24.14%
Months of Inventory 0.6 -33.33%
Median Days on Market (DOM) 9 -42.00%
Average Days on Market (DOM) 11 -62.50%

 

Median Sales Price – San Mateo SFR

 

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

 

Number of New Listings vs Sold Listings, San Mateo SFR

 

Months of Inventory – San Mateo SFR

 

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

 

San Mateo 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
724 27th Avenue 4/17/18 1,373.87 $1,525,000 1.091 19 3 1|0 1,110 5,000 Lot SqFt
432 28th Avenue 2/26/18 1,079.50 $1,738,000 1.339 12 3 2|0 1,610 7,000 Lot SqFt
121 31st Avenue 3/12/18 1,422.02 $1,550,000 1.478 6 2 1|0 1,090 5,005 Lot SqFt
266 36th Avenue 3/22/18 819.67 $2,000,000 1.176 7 3 3|1 2,440 5,655 Lot SqFt
49 E 38th Avenue 4/16/18 1,429.46 $1,601,000 1.208 7 3 2|0 1,120 5,000 Lot SqFt
321 E 39th Avenue 3/5/18 1,296.59 $1,400,321 1.402 14 3 1|0 1,080 5,000 Lot SqFt
141 41st Avenue 3/14/18 1,005.43 $1,850,000 1.175 13 4 3|0 1,840 5,022 Lot SqFt
324 42nd Avenue 3/9/18 1,052.63 $1,600,000 1.07 19 4 2|0 1,520 9,125 Lot SqFt
915 E 5th Avenue 4/17/18 1,110.66 $1,375,000 1.11 5 3 2|1 1,238 3,729 Lot SqFt
1822 Adams Street 2/16/18 713.51 $1,320,000 1.212 8 3 3|0 1,850 10,710 Lot SqFt
4205 Alameda De Las Pulgas 2/16/18 1,205.88 $1,435,000 0.99 23 3 1|0 1,190 5,162 Lot SqFt
111 Aragon Boulevard 4/13/18 1,026.62 $2,700,000 1.002 11 4 2|0 2,630 6,600 Lot SqFt
237 Aragon Boulevard 4/10/18 1,097.01 $2,940,000 1 1 3 4|0 2,680 7,700 Lot SqFt
146 Arbor Lane 2/15/18 1,236.11 $2,225,000 1.203 6 4 2|0 1,800 6,110 Lot SqFt
305 Arlington Lane 3/30/18 1,133.21 $3,105,000 1.08 6 3 2|1 2,740 10,540 Lot SqFt
15 Barroilhet Avenue 3/16/18 978.32 $2,798,000 1 18 3 4|0 2,860 7,500 Lot SqFt
1456 Bel Aire Road 2/15/18 958.55 $1,850,000 1.123 6 4 3|0 1,930 10,875 Lot SqFt
3040 Beverly Street 4/3/18 1,443.40 $1,530,000 1.297 12 2 1|0 1,060 5,200 Lot SqFt
640 Birch Avenue 3/30/18 1,470.87 $1,515,000 1.265 8 2 1|0 1,030 4,500 Lot SqFt
1715 Borden Street 1/31/18 821.43 $1,150,000 1.045 14 3 2|0 1,400 5,000 Lot SqFt
4017 Branson Drive 3/23/18 1,051.35 $1,556,000 1.207 17 3 2|0 1,480 5,000 Lot SqFt
4021 Branson Drive 2/28/18 855.88 $1,360,000 0.975 19 3 2|0 1,589 5,000 Lot SqFt
2289 Bunker Hill Drive 3/22/18 1,115.12 $1,918,000 1.13 7 4 2|0 1,720 9,840 Lot SqFt
636 Caribbean Way 2/8/18 888.03 $2,300,000 0.959 15 5 3|0 2,590 7,176 Lot SqFt
1311 Carlisle Drive 1/18/18 1,205.36 $1,350,000 1 0 3 2|0 1,120 4,500 Lot SqFt
3961 Casanova Drive 3/13/18 1,288.89 $1,392,000 1.354 4 3 1|0 1,080 5,000 Lot SqFt
3992 Casanova Drive 1/2/18 819.52 $1,780,000 1.114 17 4 2|1 2,172 5,000 Lot SqFt
315 Castilian Way 3/14/18 1,242.66 $2,750,000 1.111 3 4 3|0 2,213 6,050 Lot SqFt
3338 Caxton Court 3/2/18 781.4 $1,891,000 1.183 12 5 3|0 2,420 8,250 Lot SqFt
3338 Caxton Ct. 3/2/18 781.4 $1,891,000 1.183 5 3|0 2,420 8,250 Lot SqFt
1460 Cedarwood Drive 3/13/18 934.09 $2,055,000 1.142 0 3 2|1 2,200 7,920 Lot SqFt
1744 Celeste Drive 3/7/18 1,136.69 $1,750,500 1.261 12 4 2|0 1,540 5,400 Lot SqFt
109 Chukker Court 2/1/18 1,229.01 $1,610,000 1.082 13 3 2|0 1,310 5,000 Lot SqFt
843 N Claremont Street 3/2/18 1,183.54 $1,870,000 1.558 9 3 1|1 1,580 6,174 Lot SqFt
315 Clark Drive 4/6/18 1,512.46 $6,800,000 1.136 11 5 5|1 4,496 16,808 Lot SqFt
1211 Cobb Street 1/26/18 998 $998,000 1.248 12 3 1|0 1,000 5,000 Lot SqFt
1211 Cobb Street 1/29/18 998 $998,000 1.248 3 1|0 1,000 5,000 Lot SqFt
18 Culver Court 2/28/18 1,327.27 $1,460,000 1.328 12 2 1|0 1,100 6,700 Lot SqFt
2002 De Anza Boulevard 1/25/18 691.49 $1,625,000 1 22 4 3|0 2,350 8,610 Lot SqFt
1113 S Delaware Street 4/3/18 1,311.88 $1,325,000 1.153 15 2 1|0 1,010 4,500 Lot SqFt
27 Denali Drive 2/27/18 838.2 $1,492,000 1.077 8 3 2|1 1,780 2,556 Lot SqFt
1531 Dix Street 2/2/18 821.43 $1,150,000 1 77 3 2|0 1,400 5,000 Lot SqFt
460 N Ellsworth Avenue 4/12/18 1,187.12 $1,400,800 1.367 6 2 2|0 1,180 4,656 Lot SqFt
25 Ericson Road 4/3/18 1,218.45 $2,510,000 1.097 12 3 2|1 2,060 6,612 Lot SqFt
329 Estrella Way 2/8/18 975 $1,365,000 1.138 12 4 2|0 1,400 5,000 Lot SqFt
504 Fathom Drive 3/14/18 1,144.23 $1,190,000 1.192 10 2 1|1 1,040 2,444 Lot SqFt
2837 Fernwood Street 2/28/18 1,246.27 $1,670,000 1.195 12 3 1|0 1,340 5,555 Lot SqFt
1014 Fiesta Drive 2/22/18 1,226.56 $1,570,000 1.131 10 3 2|0 1,280 5,000 Lot SqFt
806 Folkstone Avenue 3/1/18 1,255.45 $1,671,000 1.195 8 3 2|0 1,331 4,500 Lot SqFt
3921 Gillis Drive 4/17/18 1,388.89 $1,500,000 1.252 13 3 1|0 1,080 5,000 Lot SqFt
36 Grand Boulevard 2/20/18 616 $1,924,990 1.14 15 4 3|0 3,125 6,500 Lot SqFt
242 Greenfield Avenue 4/13/18 795.05 $2,250,000 1.216 14 3 3|1 2,830 21,250 Lot SqFt
1733 Gum Street 1/29/18 1,235.29 $1,050,000 1.13 14 2 1|0 850 5,000 Lot SqFt
472 Gymkhana Road 2/23/18 896.74 $1,650,000 1.214 8 3 2|0 1,840 5,940 Lot SqFt
3116 Hacienda Street 2/20/18 1,297.42 $1,710,000 1.328 10 2 2|0 1,318 7,000 Lot SqFt
1400 Hemlock Avenue 1/8/18 1,111.11 $1,400,000 1.431 6 3 1|0 1,260 11,200 Lot SqFt
1433 Hemlock Avenue 2/23/18 1,208.00 $1,208,000 1.222 12 3 1|0 1,000 5,883 Lot SqFt
1801 Hemlock Avenue 3/19/18 885.84 $1,001,000 1.432 13 3 2|0 1,130 5,400 Lot SqFt
1099 W Hillsdale Boulevard 2/27/18 1,055.79 $2,006,000 1.115 25 3 2|0 1,900 7,216 Lot SqFt
825 W Hillsdale Boulevard 4/12/18 857.14 $2,100,000 1.056 9 4 2|1 2,450 12,201 Lot SqFt
2315 Holland Street 4/3/18 898.2 $1,500,000 1.2 12 3 2|0 1,670 11,471 Lot SqFt
40 Hoods Point Way 2/21/18 1,260.23 $2,218,000 1.11 7 4 2|0 1,760 10,300 Lot SqFt
2842 Hosmer Street 2/28/18 714.29 $1,100,000 0.853 15 3 2|0 1,540 5,000 Lot SqFt
740 Howe Street 3/16/18 937.5 $975,000 1.222 12 2 1|0 1,040 5,000 Lot SqFt
856 Howe Street 3/20/18 1,146.34 $940,000 1.176 0 2 1|0 820 5,000 Lot SqFt
29 N Idaho Street 1/18/18 1,116.50 $1,150,000 1.15 9 3 1|0 1,030 7,850 Lot SqFt
715 N Idaho Street 4/17/18 753.73 $1,515,000 1.379 8 3 2|0 2,010 7,500 Lot SqFt
841 N Idaho Street 1/4/18 763.29 $1,580,000 1.319 8 4 2|0 2,070 7,100 Lot SqFt
866 Jefferson Court 1/18/18 1,081.08 $1,200,000 1.091 21 1 1|0 1,110 4,000 Lot SqFt
1501 Kalmia St 1/18/18 941.18 $1,600,000 0.985 2 2|0 1,700 5,000 Lot SqFt
2018 Kings Lane 1/24/18 1,236.84 $2,350,000 1.175 6 3 2|1 1,900 14,000 Lot SqFt
1746 Lake Street 1/16/18 972.6 $1,420,000 1.423 8 3 2|0 1,460 6,200 Lot SqFt
953 Laurel Avenue 3/2/18 1,355.19 $2,480,000 1.306 12 3 2|0 1,830 8,800 Lot SqFt
20 Lundys Lane 3/15/18 1,087.72 $1,860,000 1.11 0 4 2|0 1,710 8,845 Lot SqFt
3357 Marisma Street 1/9/18 1,020.41 $1,600,000 1.242 8 3 2|0 1,568 6,000 Lot SqFt
3506 Martin Drive 2/12/18 830.46 $1,445,000 1.206 10 3 2|0 1,740 5,000 Lot SqFt
3525 Martin Drive 1/11/18 1,122.14 $1,470,000 1.342 12 3 2|0 1,310 5,000 Lot SqFt
27 Mclellan Avenue 3/16/18 1,121.02 $1,760,000 1.1 15 4 2|0 1,570 6,250 Lot SqFt
3524 Michael Drive 2/28/18 1,019.43 $2,151,000 1.103 16 4 2|0 2,110 5,400 Lot SqFt
2625 Monterey Street 2/28/18 666.67 $2,200,000 1.101 7 4 3|0 3,300 11,500 Lot SqFt
1811 Mulberry Drive 1/19/18 945.9 $2,308,000 1.197 12 4 3|0 2,440 10,336 Lot SqFt
649 Newlands Avenue 3/8/18 1,024.48 $1,465,000 1.226 12 2 2|0 1,430 10,000 Lot SqFt
1527 Noe Avenue 1/3/18 1,260.40 $1,273,000 1.315 13 3 2|0 1,010 6,300 Lot SqFt
18 N Norfolk Street 3/28/18 821.12 $1,625,000 1.416 8 3 2|0 1,979 5,000 Lot SqFt
1064 Norton 2/23/18 794.12 $1,080,000 1.029 3 2|0 1,360 7,500 Lot SqFt
1064 Norton Street 2/25/18 794.12 $1,080,000 1.029 33 3 2|0 1,360 7,500 Lot SqFt
1705 Oakwood Drive 4/18/18 1,059.11 $2,150,000 1.029 25 4 2|0 2,030 9,828 Lot SqFt
1705 Oakwood Dr 4/18/18 1,059.11 $2,150,000 1.029 4 2|0 2,030 9,828 Lot SqFt
817 Oregon Avenue 4/13/18 1,254.55 $2,760,000 1.201 11 4 3|0 2,200 6,000 Lot SqFt
3649 Oso Street 2/21/18 1,387.04 $1,498,000 1.377 7 3 1|0 1,080 5,000 Lot SqFt
117 Otay Avenue 2/28/18 1,412.04 $1,525,000 1.091 13 3 1|0 1,080 19,257 Lot SqFt
1000 Palm Avenue 2/8/18 1,045.20 $1,850,000 1.235 9 3 2|0 1,770 6,240 Lot SqFt
411 Park Lane 3/14/18 1,295.92 $3,175,000 1.097 11 3 2|1 2,450 9,990 Lot SqFt
1287 Parrott Drive 3/30/18 1,125.59 $2,375,000 1.19 3 3 3|0 2,110 10,400 Lot SqFt
1427 Parrott Drive 2/28/18 1,144.79 $1,866,000 1.441 8 3 2|0 1,630 7,920 Lot SqFt
1515 Parrott Drive 3/14/18 1,249.71 $2,162,000 1.138 6 4 2|0 1,730 8,240 Lot SqFt
1660 Parrott Drive 3/26/18 1,383.40 $2,100,000 1.314 11 3 2|0 1,518 11,500 Lot SqFt
1783 Parrott Drive 3/13/18 1,130.65 $2,250,000 1.251 7 3 2|0 1,990 10,000 Lot SqFt
3709 Pasadena Drive 3/21/18 1,273.03 $1,548,000 1.193 13 3 2|0 1,216 5,000 Lot SqFt
1056 Patricia Avenue 3/26/18 1,243.14 $1,268,000 1.297 8 3 1|0 1,020 7,000 Lot SqFt
23 Poinsettia Avenue 1/18/18 704.85 $1,600,000 1.067 42 6 3|1 2,270 6,000 Lot SqFt
517 Poinsettia Avenue 3/1/18 1,090.91 $1,200,000 1.215 8 3 1|0 1,100 5,500 Lot SqFt
50 W Point Place 3/16/18 1,043.96 $1,900,000 1.027 19 3 2|0 1,820 29,000 Lot SqFt
239 W Poplar Avenue 2/1/18 981.31 $2,100,000 1.108 0 3 2|1 2,140 9,800 Lot SqFt
2238 Portsmouth Way 3/13/18 1,084.97 $1,660,000 1.196 0 3 2|0 1,530 5,000 Lot SqFt
40 N Quebec Street 3/13/18 1,035.09 $1,180,000 1.243 9 3 1|0 1,140 5,000 Lot SqFt
40 Quebec St 3/13/18 1,035.09 $1,180,000 1.243 3 1|0 1,140 5,000 Lot SqFt
1504 Roberta Dr. 2/6/18 1,114.75 $1,360,000 1.295 6 3 2|0 1,220 5,000 Lot SqFt
15 Rolling Hills Avenue 2/16/18 898.62 $1,950,000 1.148 10 4 3|0 2,170 5,500 Lot SqFt
307 Rosilie Street 3/27/18 1,000.00 $2,020,000 1.19 10 4 2|1 2,020 5,300 Lot SqFt
1608 Royal Avenue 4/4/18 1,129.63 $1,220,000 1.222 14 3 2|0 1,080 6,048 Lot SqFt
1801 Royal Ave 4/13/18 1,027.78 $1,110,000 0.965 3 2|0 1,080 5,304 Lot SqFt
43 San Miguel Way 1/12/18 1,157.78 $1,042,000 1.043 0 2 1|0 900 5,000 Lot SqFt
313 San Miguel Ave 1/5/18 1,268.52 $1,370,000 1.245 3 1|0 1,080 5,000 Lot SqFt
777 Sequoia Avenue 2/9/18 859.51 $2,025,000 1.014 10 3 2|1 2,356 7,440 Lot SqFt
344 Seville Way 2/27/18 1,070.00 $2,675,000 1.075 9 3 2|1 2,500 5,500 Lot SqFt
871 Sextant Court 1/17/18 813.25 $1,350,000 1.009 18 3 2|1 1,660 2,600 Lot SqFt
3352 Shasta Drive 3/6/18 1,145.44 $2,150,000 1.195 9 3 2|0 1,877 10,075 Lot SqFt
983 Shoal Drive 2/6/18 1,036.64 $1,358,000 1.106 30 2 2|0 1,310 2,626 Lot SqFt
1945 Shoreview Avenue 3/6/18 475.7 $1,380,000 0.986 120 5 4|0 2,901 6,250 Lot SqFt
2045 Shoreview Avenue 1/3/18 1,064.22 $1,160,000 1.292 8 3 1|0 1,090 5,500 Lot SqFt
2081 Shoreview Avenue 3/5/18 1,318.29 $1,081,000 1.031 15 2 1|0 820 5,500 Lot SqFt
1419 Speers Avenue 1/8/18 910.26 $955,777 1.196 12 3 1|0 1,050 8,066 Lot SqFt
179 Starlite Drive 3/15/18 1,379.31 $2,000,000 1.29 4 3 2|0 1,450 9,300 Lot SqFt
3100 Sunset Terrace 1/10/18 1,462.96 $1,580,000 1.319 16 3 1|0 1,080 10,000 Lot SqFt
1248 Terminal Place 3/8/18 869.07 $843,000 1.056 5 3 1|0 970 4,000 Lot SqFt
1502 Trollman Avenue 4/11/18 968.99 $1,250,000 1.317 11 3 1|1 1,290 5,300 Lot SqFt
432 Virginia Avenue 3/16/18 788.95 $2,713,988 1.108 11 5 3|0 3,440 7,560 Lot SqFt
420 Warren Road 4/3/18 1,552.80 $2,500,000 1.042 0 3 2|0 1,610 5,607 Lot SqFt
3512 Winway Circle 3/15/18 1,179.82 $1,345,000 1.132 21 2 1|1 1,140 5,800 Lot SqFt