What’s Happening with the Peninsula Market?

 

First 6 Months of 2016 vs. First 6 Months of 2016


Average Sales Price of Single Family Homes                               Number of Homes Sold

City                   2015                  2016           %Change                     2015        2016         %Change

Millbrae         $1,448,071       $1,511,482         4%                             74            52             -42%
Burlingame   $2,032,188      $2,155,426         6%                              89            74             -20%
San Mateo    $1,412,171       $1,408,926         0%                            270          255              -6%
Belmont        $1,516,407       $1,499,344        -1%                             99            90             -10%
San Carlos    $1,577,190       $1,800,948      12%                               21          116              -4%
Redwood C   $1,428,857      $1,458,328         2%                            284           254            -12%


What is happening with the market? Is the market slowing down? When is it going to change?

Well, I can tell you this, according to our local Multiple Listings records, this is where we are this first half of the year, vs. last year's first half.

 

 

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