Robin & Les Wrigley

650.483.7661

Over 900 homes sold

Peninsula Real Estate Market Update
 

The number of home sales in Q1 2016 declined 5% since a year ago. The supply of homes continues to be very tight, at only 1.2 months of supply.  The median price of homes sold in San Mateo County rose 3% to $983,000. In Santa Clara County, the median price rose 8% to $843,000.

The market has continued to prove that inventory is the key to sales. Available listed properties have remained constrained, and well cared for homes that are priced appropriately receive lots of attention, with serious buyers willing to stretch their budgets to successfully complete a purchase. With the constraints on foreign economies, there is less pressure from non-resident buyers, and although there is activity across all price ranges, the most sought after properties seems to be in the starter to mid-level price points in most communities.

For details about your own town, go to www.apr.com/market-reports.
 
If you are thinking about moving this year, it will be vital to work closely with an experienced agent to navigate this challenging market. We will be happy to help you. 
 
 
 
 
 
 


 
   
The housing market is changing daily. In order to understand the dynamics of the local market, a familiarity with real-time industry data is essential.

Our market reports help you make educated real estate decisions by providing you with accurate, insightful and real-time market statistics.
   
Median Price
Days on Market
   
Price Per Square Foot
Reigional Inventory
 
                     
 __________________________________________________________________________________________________________________
  
 

Featured Listing

,

Robin & Les Wrigley 's Picture

Robin & Les Wrigley

Direct: 650.483.7661
License #: 00853245, 00853244

Listings