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San Mateo County Single-Family Homes The Mid-Peninsula’s average sales price reached $1.924 million this quarter, setting a new 10-year record high for the area. San Mateo County’s average price point rose 23 percent from the previous year, 8 percent from the previous quarter, and 7 percent from the previous record of $1.797 million set in Q2 2017. The Mid-Peninsula had a total of 769 homes sold this quarter. While this figure was an 8 percent increase from Q1 2017 it also resulted in a 32 percent drop from Q4 2017. San Mateo County saw faster turn-around times this quarter than it has in a while. Homes sold on average after just 19 DOM, moving along 26 percent faster than the year before, and 10 percent quicker than Q4 2017. The $1-2 million price category accounted for 55 percent of all homes sold in the Mid-Peninsula for Q1 2018.

SAN MATEO COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2018

$1,924,595

19

$983

change

8%

-10%

6%

Q4 2017

$1,788,366

21

$929

Q1 2018

$1,924,595

19

$983

change

23%

-26%

17%

Q1 2017

$1,569,038

26

$841

* 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 - 1st Quarter 2018

Profile for McGuire Real Estate

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