The San Mateo numbers for August are somewhat historic, with the lowest days on market, highest median price and higher sales price to list price ratios in at least the past ten years (if not ever) in the city of San Mateo! Here are the highlights for August 2013. -The average sold home was on the market for 13 days, the fewest in any month in at least the past ten years. Buyers really need to act quickly in this market. Having a plan is key to both avoiding poor choices and being able to pull the trigger decisively when needed. - The median selling price was $1.11 million. This is the highest monthly value recorded in the city of San Mateo in at least the past ten years. - The sales price to list price ratio was 109.4%, implying that the average home sold for nearly 10% above the final list price. This is also the highest monthly value recorded in the past ten years. - Combining data on average prices, median prices, average price per square foot and average square footage suggests that prices are up approximately 20% in the past twelve months. Click below for more in depth analysis...
Posted on: Sun, 15 Sep 2013 19:28:56 +0000
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