San Mateo County Q4 2023

REAL ESTATE REPORT Q4 2023 SAN MATEO COUNTY Report from Jackie Schoelerman

The Quarterly Report offers insight into residential real estate sales activity and regional trends. It complements the Area Report, giving you a broader look at the real estate market. If you are interested in receiving the Area Report, please let me know. I would be happy to set that up for you. The market summary below offers a look at sales activity for the prior quarter and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market.

JACKIE SCHOELERMAN CalRE : 01092400 Direct: 650-855-9700 Cell: 650-855-9700 jackie@schoelerman.com www.schoelerman.com

SANMATEOCOUNTY|Q42023 REALESTATESNAPSHOT-Changesincethistimelastyear

NUMBEROFSALES

NEWLISTINGS

AVERAGEDOM

Q42023

Q42022

Q42022

Q42022

Q42023

Q42023

700:

643

:844

:25

SingleFamilyHomes 792:

29:

NUMBEROFSALES

NEWLISTINGS

AVERAGEDOM

Q42022

Q42023

Q42023

Q42022

Q42023

Q42022.

Condo/Townhouse

192:

÷202

÷45

41:

:219

Q42022 Q42023

REAL ESTATE SNAPSHOT SAN MATEO COUNTY Q4 2023

1.43% PROPERTIES SOLD ALL PROPERTY TYPES

6.44% AVERAGE SOLD PRICE ALL PROPERTY TYPES 4.55% AVERAGE LIST PRICE ALL PROPERTY TYPES

6.86% MEDIAN SOLD PRICE ALL PROPERTY TYPES 0.30% MEDIAN LIST PRICE ALL PROPERTY TYPES -30.00% MEDIAN DAYS ON MARKET ALL PROPERTY TYPES

-5.27%

NEW LISTINGS ALL PROPERTY TYPES

2.80% LIST/SELL PRICE RATIO ALL PROPERTY TYPES

-9.38% AVERAGE DAYS ON MARKET ALL PROPERTY TYPES

New Listings

% Properties Sold % Median Sold Price

% Median DOM %

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Change

Change

Change

Change

Atherton

20 13 20 12

23 23

15 14

$7.30 M $6.80 M 7.28% $7.30 M $7.51 M -2.86%

12 12

21 35

54% 67%

53% 64%

-43% -66%

Single Family Homes

Condo/Townhouse

0

1

0

1

$0

$788 K

0

11

Belmont

30 32 -6.25% 27 28 -3.57%

42 35

38

$1.78 M $1.79 M -0.70% $1.89 M $1.86 M 1.89% $1.27 M $1.33 M -4.36% $1.22 M $943 K 30% $1.26 M $1.10 M 15% $750 K $851 K -12% $2.52 M $2.56 M -1.70% $2.60 M $2.60 M 0.00% $1.05 M $1.23 M -14%

12 12 15 41 22 67 22 22 27 34 34

18 14 34 34 15 91 14 12

11%

-33% -14% -56% 21% 47% -26% 57% 83%

Single Family Homes

32 9.38%

Condo/Townhouse

3

4

7

6

-25%

17%

Brisbane

4 2 2

5 4 1

8 6 2

8 6 2

0.00% 0.00% 0.00%

-20% -50% 100%

Single Family Homes

Condo/Townhouse

Burlingame

32 33 -3.03% 28 27 3.70%

46 43

41 36

12% 19% -40%

Single Family Homes

Condo/Townhouse

4

6

3

5

28 -3.57%

-33%

Colma

3 2 1

1 0 1

2 2 0

1 0 1

$1.06 M $910 K 17%

12 183%

200%

100%

Single Family Homes

$1.06 M $0

0

Condo/Townhouse

0.00%

$0

$910 K

0

12

Daly City

76 92 56 73

95 77 18

103 -7.77% 82 -6.10%

$1.09 M $1.10 M -1.36% $1.13 M $1.15 M -1.83% $770 K $699 K 10%

14 14 25

31 28 53

-17% -23%

-55% -50% -53%

Single Family Homes

Condo/Townhouse

20 19 5.26%

21

-14%

SAN MATEO COUNTY REAL ESTATE SNAPSHOT | Q4 2023

New Listings

% Properties Sold % Median Sold Price

% Median DOM %

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Change

Change

Change

Change

East Palo Alto

16 15 6.67% 15 14 7.14%

20 17

16 13

$998 K $803 K 24% $1.05 M $850 K 24% $735 K $405 K 81% $1.54 M $1.39 M 11% $1.54 M $1.39 M 11% $1.73 M $1.50 M 15% $2.40 M $1.88 M 28% $1.30 M $1.33 M -1.89% $1.55 M $1.45 M 6.97% $1.75 M $1.63 M 7.69% $925 K $879 K 5.23% $5.23 M $4.18 M 25% $5.23 M $4.18 M 25% $2.38 M $2.85 M -17% $3.30 M $3.05 M 8.20% $1.55 M $1.33 M 17% $1.95 M $1.85 M 5.41% $2.10 M $1.97 M 6.87% $752 K $1.08 M -30% $1.66 M $1.35 M 23% $1.66 M $1.35 M 23% $1.23 M $1.19 M 3.45% $1.25 M $1.20 M 4.46% $735 K $795 K -7.55% $3.38 M $4.05 M -17% $3.38 M $4.05 M -17% $2.05 M $1.71 M 20% $2.15 M $1.96 M 9.97% $1.20 M $973 K 23% $1.54 M $1.69 M -9.17% $2.45 M $2.31 M 5.79% $1.11 M $1.26 M -12% $0 $0 $0 $0 $0 $0 $0 $0 $926 K $808 K 15% $926 K $808 K 15% $0 $0

23 15 90 24 24

36 32 46 20 20 19 13 32 22 30 14 53 53 0

25% 31%

-36% -53%

Single Family Homes

Condo/Townhouse

1

1

0.00%

3

3

0.00%

96%

El Granada

9 8 1

7 7 0

8 8 0

7 7 0

29% 14%

14% 14%

20% 20%

Single Family Homes

Condo/Townhouse

0

Foster City

42 39 7.69%

56 27 29 23 16

34 14 20

15

65% 93% 45%

-21% -38% -19% -45% -63%

Single Family Homes

17 21 25 18 30 25 26 22

8

-19%

Condo/Townhouse

26

39%

Half Moon Bay

25 -8.00%

12

20% 18% 33%

Single Family Homes

18

11

-11%

Condo/Townhouse

4

3

7

7

0.00%

17

21%

Hillsborough

19 20 -5.00% 19 20 -5.00%

15 15

19 19

23 23

-21% -21%

-57% -57%

Single Family Homes Condo/Townhouse

0 2 2 0

0 3 3 0

0 7 7 0

0 2 2 0

0

0

La Honda

15 15

41 41

-33% -33%

250% 250%

-63% -63%

Single Family Homes Condo/Townhouse

0

0

Menlo Park

63 59 6.78% 50 55 -9.09%

90 73 17 27 25

71 63

13

13 0.00%

27% 16%

Single Family Homes

11

13

-15%

Condo/Townhouse

13

4

8

52

13 300%

225%

113%

Millbrae

19 26 14 23

30

12 12

13 -7.69%

-27% -39%

-10%

Single Family Homes

24 4.17%

12 0.00%

Condo/Townhouse

5

3

2

6

3

57

67%

-67%

-95%

Montara

2 2 0

4 4 0

2 2 0

6 6 0

36 36

58 58

-50% -50%

-67% -67%

-38% -38%

Single Family Homes Condo/Townhouse

0

0

Pacifica

49 45 8.89% 40 42 -4.76%

67 58

60

16 15 31 11 11 12 12 27 21 13 32 0

18 19

12%

-11% -21%

Single Family Homes

55 5.45%

Condo/Townhouse

9

3

9

5

15 107%

200%

80%

Portola Valley

17 17

6 6 0

12 12

16 16

18 18

183% 183%

-25% -25%

-39% -39%

Single Family Homes Condo/Townhouse

0

0

0

0

Redwood City

103 103 0.00%

124 107

135 -8.15% 105 1.90%

22 18 32

-45% -33% -16%

Single Family Homes

87 85 2.35%

Condo/Townhouse

16 18

17

30

-11%

-43%

Redwood Shores Single Family Homes

9 3 6

6 4 2

10

15

27

50%

-33% -33% -33%

-22%

4 6

6 9

14 -7.14%

-25%

Condo/Townhouse

37

200%

-14%

SAN MATEO COUNTY REAL ESTATE SNAPSHOT | Q4 2023

New Listings

% Properties Sold % Median Sold Price % Median DOM %

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Change

Change

Change

Change

San Bruno

49 60 34 49 15 11 44 64 36 48

68 49 19 70 62

76 60 16 80 56 24

$1.21 M $1.22 M -0.62% $1.37 M $1.30 M 5.62% $500 K $513 K -2.44% $2.11 M $1.93 M 9.60% $2.28 M $2.17 M 5.31% $1.10 M $984 K 12% $1.49 M $1.43 M 4.56% $1.75 M $1.80 M -2.54% $871 K $970 K -10% $1.16 M $1.10 M 4.76% $1.25 M $1.25 M -0.40% $740 K $788 K -6.09% $2.30 M $5.40 M -57% $2.30 M $5.40 M -57% $1.55 M $1.45 M 6.86% $1.74 M $1.74 M -0.03% $910 K $909 K 0.11% $0 $0

15 13 33 12 12 21

16 -6.25% 13 0.00%

-18% -31%

-11% -18%

Single Family Homes

Condo/Townhouse

29

36%

19%

14%

San Carlos

14

-31% -25% -50%

-13%

-14%

Single Family Homes

13 -7.69%

11%

Condo/Townhouse

8

16

8

14

-67%

50%

San Mateo

132 151 -13% 81 88 -7.95%

170

167 1.80%

12

18 13 32

-33% -15% -47%

Single Family Homes

112

96 71

11

17%

Condo/Townhouse

51 63

58

17

-19%

-18%

South San Francisco Single Family Homes

59 60 -1.67% 41 42 -2.38% 18 18 0.00%

65 51 14 13 13

66 -1.52%

15 14 25 23 23 14 13 26 0

18

-17%

45 21 15 15

13 7.69%

13%

Condo/Townhouse

30

-33%

-17%

Woodside

12 15 12 15

14 14

-20% -20%

-13% -13%

64% 64%

Single Family Homes Condo/Townhouse

0

0

0

0

0

Total

845 892 -5.27% 643 700 -8.14% 202 192 5.21%

1063 1048 1.43%

20 17 30

-30% -24% -13%

Single Family Homes

844 219

792 6.57%

Condo/Townhouse

256

-14%

REAL ESTATE SNAPSHOT SAN MATEO COUNTY

MARKET OVERVIEW Q4 2023 | Single Family Homes

6.57% PROPERTIES SOLD SINGLE FAMILY HOMES

4.31% AVERAGE SOLD PRICE SINGLE FAMILY HOMES 2.45% AVERAGE LIST PRICE SINGLE FAMILY HOMES

-0.03% MEDIAN SOLD PRICE SINGLE FAMILY HOMES

-8.14%

-1.26%

NEW LISTINGS SINGLE FAMILY HOMES

MEDIAN LIST PRICE SINGLE FAMILY HOMES

3.12% LIST/SELL PRICE RATIO SINGLE FAMILY HOMES

-13.79% AVERAGE DAYS ON MARKET SINGLE FAMILY HOMES

-23.53% MEDIAN DAYS ON MARKET SINGLE FAMILY HOMES

LISTING INVENTORY AND NUMBER OF SALES Q4 2023 | Single Family Homes Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES Q4 2023 | Single Family Homes Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET Q4 2023 | Single Family Homes Average Sales Price | Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM Q4 2023 | Single Family Homes Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price. Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE Q4 2023 | Single Family Homes Average Sales Price | Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES Q4 2023 | Single Family Homes Properties for Sale | Number of properties listed for sale at the end of quarter. Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY Q4 2023 | Single Family Homes Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold | Number of properties sold.

REAL ESTATE SNAPSHOT SAN MATEO COUNTY

MARKET OVERVIEW Q4 2023 | Condo/Townhouse

0.00% AVERAGE SOLD PRICE CONDO/TOWNHOUSE

-14.45%

0.11% MEDIAN SOLD PRICE CONDO/TOWNHOUSE

PROPERTIES SOLD CONDO/TOWNHOUSE

5.21%

-1.58% AVERAGE LIST PRICE CONDO/TOWNHOUSE

-0.06%

NEW LISTINGS CONDO/TOWNHOUSE

MEDIAN LIST PRICE CONDO/TOWNHOUSE

1.37% LIST/SELL PRICE RATIO CONDO/TOWNHOUSE

9.76% AVERAGE DAYS ON MARKET CONDO/TOWNHOUSE

-13.33% MEDIAN DAYS ON MARKET CONDO/TOWNHOUSE

LISTING INVENTORY AND NUMBER OF SALES

Q4 2023 | Condo/Townhouse

Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES Q4 2023 | Condo/Townhouse Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET Q4 2023 | Condo/Townhouse

Average Sales Price | Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM Q4 2023 | Condo/Townhouse Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price. Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE

Q4 2023 | Condo/Townhouse Average Sales Price | Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES Q4 2023 | Condo/Townhouse Properties for Sale | Number of properties listed for sale at the end of quarter. Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY Q4 2023 | Condo/Townhouse Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold | Number of properties sold.

ADDITIONAL REPORTS SAN MATEO COUNTY Q4 2023

ATHERTON Monthly Report Quarterly Report

BELMONT Monthly Report Quarterly Report

BRISBANE Monthly Report Quarterly Report

BURLINGAME Monthly Report Quarterly Report

DALY CITY Monthly Report Quarterly Report

EAST PALO ALTO Monthly Report Quarterly Report

EL GRANADA Monthly Report Quarterly Report

FOSTER CITY Monthly Report Quarterly Report

HALF MOON BAY Monthly Report Quarterly Report

HILLSBOROUGH Monthly Report Quarterly Report

LA HONDA Monthly Report Quarterly Report

MENLO PARK Monthly Report Quarterly Report

MILLBRAE Monthly Report Quarterly Report

MONTARA Monthly Report Quarterly Report

MOSS BEACH Monthly Report Quarterly Report

PACIFICA Monthly Report Quarterly Report

PESCADERO Monthly Report Quarterly Report

PORTOLA VALLEY Monthly Report Quarterly Report

MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD. QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.

Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact a Coldwell Banker Independent Sales Associate.

REPORTS CONTINUED

REDWOOD CITY Monthly Report Quarterly Report

REDWOOD SHORES Monthly Report Quarterly Report

SAN BRUNO Monthly Report Quarterly Report

SAN CARLOS Monthly Report Quarterly Report

SAN MATEO Monthly Report Quarterly Report

SOUTH SAN FRANCISCO Monthly Report Quarterly Report

WOODSIDE Monthly Report Quarterly Report