Now that we’ve completed the third quarter, we can see that the rising prices are a true trend. In San Mateo County, the average price for a single-family home has risen 14% over the same time last year and in individual cities, the gain is even higher. As we head into the holidays, we’re seeing the market calm down little homes not flying off the shelf in 5 days quite as often but still very strong buyer demand.
On a personal real estate note, my husband and I are in escrow to sell our very first home. We enjoyed 12 wonderful years at 2744 Foster Street, so it’s sincerely bittersweet to say goodbye to the home and neighborhood we loved for so long. We are staying in San Mateo, and have found a new home with the space we need for our growing family. When it came time to put Foster up for sale last week, we were lucky to find that the market for our former home was robust, and with only 6 days on the market, we received 8 amazing offers, all significantly above the asking price. We are very happy for the buyer, and I cannot wait to share the sale price once we close!
As always, I’ve shared some data below on last month’s market. If you or anyone you know is thinking about moving in 2022, I’m just a phone call away and would love to represent you!