Tag: San Mateo County Real Estate

Homes Listed & Sold for $3 Million+

Statistics are generalities, essentially summaries of widely disparate data generated by dozens or
hundreds of unique, individual sales occurring within different time periods. They are best seen not
as precise measurements, but as broad, comparative indicators, with reasonable margins of error.
Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market
segments. Data from sources deemed reliable, but may contain errors and subject to revision. All
numbers are approximate. Data from MLS, but not all listings or sales are reported to MLS.

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

Year-to-Date, Year- over-Year Changes

Comparing Jan.-April 2021 with Jan.-April 2020

Median house sales price: + 18%, $1,800,000 in 2021 YTD

Median house $/sq.ft. value + 9%

Median 2-BR condo sales price: – 4%, $800,000 in 2021 YTD

Median condo $/sq.ft. value: – 4%

Total sales volume: +48%*

Actives listings at end of the month: +5% (4-month average)

Luxury house sales, $3,000,000+: +152%*

Ultra-Luxury sales, $5,000,000: +150%*

House median days on market: down to 9 from 11 days

Condo median days on market: up to 16 from 13 days

House – % of sales over list price: up to 67% from 58% of sales

Condo – % of sales over list price: down to 47% from 62% of sales

House – median SP to LP %: up to 105% from 102% of list price*

Condo – median SP to LP %: down to 100% from 102% of list price

* The pandemic and shelter-in-place had a large impact on April 2020 sales figures. 

* “SP” = sales; “LP” = list price – percentage over 100% indicate overbidding (on average transaction)

Source: Compass

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.