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 forward!
2023 Daylight Saving Time Sunday, Mar 12, 2023, 2:00 AM to Sunday, Nov 5, 2023, 2:00 AMMore Helpful Articles
California Poppy Season
Early March marks the start of spring and with that, our favorite flowers start to bloom. Our beloved state flower, the California Poppy is beginning to radiate its sunset-colored pedals. As Spring rears its head, early march marks the start of the poppy season, only...
What’s a Leap Year?
With winter thawing out as February comes to an end, you might be scratching your head asking, “where did the days go.” They actually are cut short, with 2023 NOT being a leap year, we lose a day. According to the Gregorian calendar, which most of the world has used...
Recent Comments