| San Mateo Coastside | Mar-14 | Feb-15 | Mar-15 | MoM* | YoY * |
| Closed Sales, $ Volume | $38,833,800 | $33,125,000 | $47,053,100 | 42.0% | 21.2% |
| Closed Sales, # Homes | 44 | 30 | 52 | 73.3% | 18.2% |
| Number of Homes Active | 122 | 63 | 73 | 15.9% | -40.2% |
| Number of Homes Pending | 59 | 45 | 60 | 33.3% | 1.7% |
| Months of Inventory | 2.8 | 2.1 | 1.4 | -33.3% | -50.0% |
| Median Days on Market | 25 | 32 | 12 | -62.5% | -52.0% |
| Ave Days on Market | 53 | 105 | 32 | -69.5% | -39.6% |
| Median Sale Price | $768,500 | $906,500 | $851,125 | -6.1% | 10.8% |
| Ave Sale Price | $882,586 | $1,104,167 | $904,867 | -18.0% | 2.5% |
| Ave Price per Square Foot | $466 | $585 | $525 | -10.3% | 12.7% |
| Sold Price vs. Asking Price | 99.9% | 99.8% | 99.8% | 0.0% | -0.1% |
You couldn’t ask for a better seller’s market than the one we currently have on the Coastside. Prices for single family homes are now back up to pre-crash highs. For sellers, all the data points look great. Sales prices are up, homes are selling at light speed ,and multiple offers are often pushing prices well above the listing price. The only drawbacks are for buyers. Although new homes are coming onto the market faster, homes are selling even quicker. The result is a super low inventory. If you’re looking to sell your home, it doesn’t get a lot better than this. If you’re buyin,g make sure you find an experienced buyer’s agent to represent you. Happy house hunting!
This market update includes market data for single family homes in Pacifica, Montara, Moss Beach, El Granada, Half Moon Bay, Pescadero, La Honda, and San Gregorio as provided by MLS Listings, Inc. and CoreLogic.
* MoM = Month over month change, YoY = Year over year change