The Peninsula real estate market saw growth across nearly all market indicators in January compared to last year. Santa Clara County’s closed sales were up 46%, and San Mateo’s were up 35%.
Both San Mateo County and Santa Clara County had an increase in median sale price over January 2020. For the first time ever in January, sales volume for single-family homes in Santa Clara county topped $1 billion, a 64% increase over the prior year. San Mateo was up by 46%.
And, the days on the market (DOM) trend was broken this year. In January, homes came off the market in 18 days or less. Santa Clara’s median DOM dropped to 9 days in January.
Market Snapshot – January 2021 vs. January 2020
San Mateo Single-Family Homes
Inventory up 28%
New listings up 33%
Closed sales up 35%
Days on the market down 33%
Median price up 13%
San Mateo Condos/Townhouses
Inventory up 95%
New listings up 52%
Closed sales up 24%
Days on the market up 9%
Median price down -1%
Santa Clara Single-Family Homes
Inventory up 26%
New listings up 33%
Closed sales up 46%
Days on the market down -57%
Median price up 15%
Santa Clara Condos/Townhouses
Inventory up 73%
New listings up 46%
Closed sales up 29%
Days on the market down -31%
Median price up 7%
More Helpful Articles
It’s a bird! It’s a plane! … It’s Fleet Week!!
Early October is one of the best times to be in the Bay Area! NFL season is in full swing, the region is experiencing its famed “second summer”, and Fleet Week graces the skies of San Francisco and the surrounding area. One of the largest airshows of its kind, Fleet...
Celebrate Halloween Bay Area Style!
Happy October! As you prepare for your Halloween festivities this year, we invite you to celebrate with a little Bay Area twist. The Bay Area is an important hub for entertainment and exciting personalities, with decades of history to prove it. Here are some of our...
Bay Area Pumpkin Patches!
Happy Fall! As temperatures begin to drop, and Halloween decorations can be found in every store, it is time to head to a pumpkin patch to get in the spooky spirit! With Half Moon Bay, nicknamed the World Pumpkin Capital, just around the corner, there is no shortage...
Recent Comments