Health & Fitness
San Mateo Real Estate Market: Week in Review
We're seeing plenty of activity in the San Mateo real estate market this week with low inventory driving multiple offers.
We're seeing plenty of activity in the San Mateo real estate market this week with low inventory driving multiple offers.
The $600,000 range is seeing some major action with one particular home receving 21 - yes 21 - offers today.
The $250,00 and under condo market is also seeing the dramatic effect of low inventory. There are just 3 for sale while there are 21 under contract; making for some very frustrated buyers.
Find out what's happening in San Mateowith free, real-time updates from Patch.
This week, 3217 Los Prados takes the highest selling home spot at $1,625,000. This 4 bedroom, 3.5 bath Mediterranean on Marina Lagoon was listed by Margaret Draper of Keller Williams.
The low of the week was 50 Hillside Blvd listed by Rene Duenas of Realty Vision. Owned by Onewest Bank, they were ready to deal selling this home for $375,500.
Find out what's happening in San Mateowith free, real-time updates from Patch.
Will this state of the market continue? Not for long. This is how I see it: The Spring market will roll in, more sellers will list their houses for sale, those will get sucked up by the high demand, then there will be a balancing out as need once again meets demand.
You can find more market data, news, views and opinions at San Mateo Real Estate Blog.com.
