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
Spring Gardening!
As the rainy grip of winter begins to loosen its hold, it is time to welcome spring! With its longer days and warmer temperatures, spring brings new life to the Bay Area landscape, making it the perfect time to roll up your sleeves and dirty your hands in the garden. ...
Happy Leap Year!
Nearly every four years, we add an extra day to the calendar – February 29th – to make sure that the Gregorian calendar stays in sync with the Earth’s movement around the sun. This holiday, rooted in scientific discovery, has historically been home to curious...
San Francisco’s Hidden Boats
Every day hundreds of thousands of people walk San Francisco’s picturesque coastline unaware of what may lie beneath them. Though people may know that its coastline has been manually altered throughout the years, many may be surprised to know that much of the...
Recent Comments