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FOR THE WEEK OF March 3rd to 9th, 2025
Greetings,
Spring is officially here, and the Bay Area real estate market is gaining momentum! Strong buyer demand continues to drive price appreciation, with limited housing inventory keeping competition high. In February, median home prices in San Mateo and Santa Clara counties surged more than 10% compared to February 2024—a sign that we may see new records this spring and summer.
Weekly Market Snapshot (March 3rd – 9th):
The past week saw steady activity, with homes quickly moving from “Available” to “Sold” and “Pending.” Well-priced homes are attracting strong interest, and buyers are stepping up to secure properties. We’ve compiled a detailed list of recent closings and contract activity to keep you informed about the latest market movements.
February 2025 Market Report:
San Mateo County:
- Median Sales Price: $2,107,500 (+11.8% from $1,884,444 in February 2024)
- Homes Sold: 198 single-family homes (-5.7% from 210 in February 2024)
- Average Price Per Sq. Ft.: $1,197 (+6.3% from $1,126 in February 2024)
- Days on Market: 20 days, reflecting steady buyer interest
Santa Clara County:
- Median Sales Price: $1,999,998 (+11.1% from $1,800,000 in February 2024)
- Homes Sold: 447 single-family homes (-0.9% from 451 in February 2024)
- Average Price Per Sq. Ft.: $1,223 (+9.1% from $1,122 in February 2024)
- Days on Market: 16 days, signaling strong demand
As we move further into spring, we anticipate even more market activity and competitive bidding on desirable homes. If you’re considering buying or selling, now is the time to start planning. Let’s discuss your real estate goals and create a strategy to help you succeed in this evolving market.
Looking forward to a successful season ahead!
Warm regards,
Henry Chu & Denise Liew
Presented by Henry Chu
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