“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.”
―John Quincy Adams
San Mateo County
Single Family Homes in San Mateo County, All Cities, All Neighborhoods
Sales of single-family, re-sale homes in San Mateo County fell for the seventeenth month in a row, year-over-year. They were down 28.8% in January. There were 126 homes sold in San Mateo County last month. The average since 2000 is 398.
The median sales price for single-family, re-sale homes was down 17.7% compared to last year.
The average sales price fell 12.9% year-over-year.
The sales price to list price ratio fell from 99% to 98.5%.
Inventory of single-family, re-sale homes was up 36.2% compared to last year. As of February 5th, there were 271 homes for sale in San Mateo County. The average since January 2000 is 1,287.
Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, rose from thirty-seven to sixty-five days.
Santa Clara County
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods
The median sales price for single-family, re-sale homes rose, month-over-month. It was up 4.4% from December. It was down 9.5% compared to last year. The average sales price for single-family, re-sale homes was up 9.4%, month-over-month. It was down 5.3% year-over-year. Sales of single-family, re-sale homes were down for the seventeenth month in a row, year-over-year, in January. Sales fell 38.9%. There were 262 homes sold in Santa Clara County last month. The monthly average since 2000 is 987. The sales price to list price ratio rose from 98.7% to 98.9%. Pending sales were down 4.3% year-over-year. After being down, year-over-year, thirty months in a row, inventory of single-family, re-sale homes was up for the eleventh month in a row. It gained 59.6% compared to last year. As of February 5th, there were 533 homes for sale in Santa Clara County. The average since January 2000 is 2,703. Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, rose from 36 days to 61 days. The average since 2003 is 89.
