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San Mateo County Single-Family Homes The Mid-Peninsula ended this year with an average sales price of $1.788 million, up 8 percent from the previous year. Not only was this the highest fourth quarter average for the area, it followed closely behind the $1.797 million record high set in Q2 2017. Overall sales volume for San Mateo County remained relatively flat year-over-year with 1,125 total homes sold for the quarter. Mid-Peninsula homes sold quicker here than anywhere else in the Bay Area, averaging just 21 DOM. This rate was 30 percent faster than what occurred in Q4 2016. Atherton once again had the highest price point for the county, likely boosted by the sale of an $18.95 million estate, but its $5.48 million average this quarter was actually down 44 percent from the previous year.

SAN MATEO COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q4 2017

$1,788,366

21

$929

change

1%

-2%

1%

Q3 2017

$1,772,515

22

$917

Q4 2017

$1,788,366

21

$929

change

8%

-30%

14%

Q4 2016

$1,659,790

30

$816

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 16 | McGuire Real Estate Quarterly Report - 4th Quarter 2017

Profile for McGuire Real Estate

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