San Mateo recent sale data and analysis 09/17/2008

Yu Lam (Eddie Lam) — Thu, 18 Sep 2008 07:02:50 +0000

This mainly keeps track of the entry level SFR in San Mateo

Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above, under $700k

Sale data in the last 3 months in San Mateo as of 09/17/2008

Month	no. of sale	min. price	max. price	avg. pr/sq ft
Sep-07	2	$625,000	$690,000	$565.67
Oct-07	6	$570,000	$650,000	$536.55
Nov-07	5	$545,000	$680,000	$546.77
Dec-07	3	$588,000	$700,000	$491.11
Jan-08	4	$615,000	$690,000	$414.33
Feb-08	3	$548,500	$650,000	$417.93
Mar-08	14	$492,000	$700,000	$514.75
Apr-08	13	$450,000	$693,000	$463.70
May-08	12	$505,000	$675,000	$442.10
Jun-08	14	$458,000	$665,000	$461.74

The majority of the entry level inventory are located on the east side of 101. The number of sales has increated since March, 2008. The average price / sq ft value is trending down, the lowest sale price is fluctuating.

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San Mateo recent sale data and analysis 09/17/2008