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
Happy Halloween!
Whether you are staying home or out trick or treating, we hope you have a very spooky Halloween this year. Marathon the horror classics, bring out your creativity with your costume, or just enjoy the night. With all of the festivities and hallows eve traditions,...
Halloween History
With Halloween right around the corner, take a break from decorating and learn about how this beloved holiday went from a harvest festival to a sweet tooth’s dream. Originating in Scotland and Ireland, the Gaelic people marked the end of their harvest season and the...
Best Donuts Near You
Burlingame A local favorite, The Original Royal Donut has the freshest and tastiest donuts in Burlingame. Not interested in a donut for breakfast? Try some of their Banh Mi sandwiches or a classic breakfast sandwich, there's something for everyone here. Located at...
Recent Comments