San Mateo County

Here is a quick summary of the Real Estate Market in San Mateo County Real Estate

🏡 San Mateo County Real Estate Market Update – 2025 (6 months)

📈 Home Prices & Market Activity

• Median Home Price of Stanford Circle Properties: $4.5M, up 8% from $4.16M in 2024.

• Palo Alto: Median price at $3.88M, a 6% increase from $3.65M.

• Los Altos: Strongest price growth—median now at $5.05M (up 15% YoY), with 24% more homes sold in (6 months) compared to last year. Demand remains high for larger lots and extra bedrooms due to hybrid work trends.

• Price per Square Foot: Averaged $1,921, a 7% increase from $1,793 in 2024(MLS data).

• Atherton: Median price at $10.285M, a 34% increase from $7.65M in 2024. The Median price hit $10M plus for the first time in Atherton. The demand for high-end homes is very high. We have seen many homes sold over $15M this year

• Menlo Park: Median price at $3.975M, a 10% increase from $3.6M in 2024

• Portola Valley: Median price at $4.2M, a 2% increase from $4.10M in 2024

🏘️ Inventory & Sales Trends

• Inventory is rebounding as sellers who waited in prior years now list:

  • Los Altos: Listings up 12%

  • Palo Alto: Listings up 10%

  • Menlo Park: Listings up 5%

• All-Cash Purchases:

  • Los Altos: 42%

  • Palo Alto: 31%

  • Menlo Park: 23%

• Homes Struggling to Sell: Approximately 35% of listings face slow sales, primarily older homes that require renovation or those priced above $ 8 million.

📊 Broader Market Context

• Nasdaq Index: Up 66%, rising from 12,594 (2023 low) to 20,855 as of July 18, 2025—boosting tech wealth and buyer confidence.

• California's GDP is $4.1 trillion, making it the fourth-largest economy globally. The region continues to be highly desirable for both living and investing.

• Inflation: 2.7%, up from 2.4% in May, consumer prices (e.g., Amazon, groceries) seem to rise

💰 Financing & Mortgage Rates

• 30-Year Fixed Mortgage: ~6.125%

  • (Note: Buyers may receive rate concessions via relationship banking or fund transfers.)

• 10-Year Treasury Yield: closed at 4.47% as July 17 - remains elevated above the long-term average of 4.25%

• Rate Outlook: Potential for staying the same at least for this year.

📋 Regulatory Update: Buyer Agreements

• As of 2025, buyers must sign a Buyer Representation & Broker Compensation Agreement (BRBC) to tour homes with an agent.

• While seller-listing agent contracts remain standard, sellers still typically cover buy-side compensation (~90%+ of the time)—alleviating pressure on buyers to pay extra

Umang Sanchorawala

DRE# 01471341

Real Estate Professional, MBA

M: 650.960.5363

O: 650.323.1111

[email protected]

umanghomes.com

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.