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
Beats, Brews, & Vine
Join us on Thursday, September 16, 2021, for a free live music event—Beats Brews, and Vines. It will be from 4:30pm-8pm on Broadway in Millbrae. This month’s bands include guitar soloist Leigh Gregory, followed by the main act, Proud Mary, an awesome Creedence...
9-11 Flag Ceremony at Millbrae Fire Station #37
It has been 20 years since the 9/11 attacks on the World Trade Center and Pentagon, and the crashing of Flight 93, but we have never forgotten the sacrifices and service of all those involved that day. This Saturday morning (9/11) the City of Millbrae in association...
Wisdom’s Way to Happiness
Proud to share my friend, Dave Jensen’s, fantastic book—Wisdom’s Way to Happiness. It’s a quick read that will leave you absolutely inspired. You can get it from Amazon. From Dave:The world is messed up. Autocracies are on the rise as democracies stumble. Nations are...
Recent Comments