1999 – 2010 Annual City SFR Charts

1999 – 2010 ANNUAL CITY CHARTS FOR SINGLE FAMILY RESIDENCES:

Belmont SFR Units          Belmont SFR Avg. Price          Belmont Avg. DOM

Burlingame SFR Units   Burlingame SFR Avg. Price    Burlingame Avg. DOM

Foster City SFR Units     Foster City SFR Avg. Price    Foster City Avg. DOM

Hillsborough Units         Hillsborough Avg. Price         Hillsborough Avg. DOM 

Redwood Shores Units  Redwood Shores Price           Redwood Shores DOM

San Mateo Units               San Mateo Price                        San Mateo DOM

San Mateo County Sold Data 1999 – 2010

The following charts represent year-end totals for all of San Mateo County sales activity broken down into individual categories for Single Family Residences and Condominium/Townhouses. Each chart shows a historical perspective from 1999 – 2010 of the total Number of Units Sold, the Average Sales Price, and the Average Days on Market.

Based on those three criteria, the Single Family Residential activity has shown a trend of an improving market:

The total Number of Units Sold has been increasing since 2008.  2004 was the peak year for the Number of Units Sold, while 2008 was the lowest for the Number of Units Sold.

The Average Sales Price is up over last year. 2007 was the peak year for Average Sales Price. 1999 had the lowest Average Sales Price.

The Average Days on Market has decreased since last year. 2005 had the shortest Average Days on the market. 2009 had the longest Days on the Market.

Also based on those three criteria, the Condominium/Townhouse market has shown improvement in two of the three areas:

The total Number of Units Sold has been moderately increasing since 2008.  2004 had the highest total Number of Closed Units and 2008 had the lowest.

The Average Sales Price has been decreasing since 2007, but the rate of the decrease has slowed since last year.  2007 had the highest Average Sales Price.  1999 was the lowest

The Average Days on Market has decreased after significant increases since 2005, the shortest period for Average Days on the Market.  2009 was the longest.

Single Family Residences Units Sold 1999 – 2010

Single Family Residences Average Sales Price 1999-2010

Single Family Residences Average Days on Market 1999-2010

Condo/Townhouse Units Sold 1999 -2010

Condo/Townhouse Average Sales Price 1999-2010

Condo/Townhouse Average Days on Market 1999 – 2010

2010 By Month Charts

These Year-to-date Month End Charts are intended to demonstrate the trend lines of single family residential units in the Active, Pending and Sold MLS Statuses.  There is a chart for the combined six communities and then an individual chart for the each community.  These charts should demonstrate the trends for supply and demand and help forecast the ultimate impact on values in each community.    Not surprisingly, the trend lines for each community are different.  The differences are more varied in some cities than others.  Please note the unit numbers for the Active and Pending Statuses do not represent the number of units that were listed or ratified for the month, but are merely a snapshot of the number of properties in each of those two statuses on the day the survey was conducted.  The Sold status properties are those that closed during each month.   In general, I believe there are some encouraging signs for price stabliziation as the inventory is showing a trend line of decreasing inventory and eveidence of stable demand.

2010  by month for all 6 Cities

2010  by month for Belmont

2010  by month for Burlingame

2010  by month for Foster City

2010  by month for Hillsborough

2010  by month for Redwood Shores

2010  by month for San Mateo