San Mateo Leads Bay Area in Loss of Sales, Prices down 19% since last year

These are the latest DataQuick numbers for Bay Area. Wow, the median for our little bubble is now below $450k. San Mateo is still high up with a median of $630k, but the number of sales have decreased the most in terms of percentage in all 9 counties. Unless sales go up, the prices will not go up. Additionally, it’s tougher to get large loans these days, and you would need a pretty large loan even with 20% down in San Mateo County. This will need some time to unravel.

September 19, 2008 | Filed Under All Cities, News | Leave a Comment

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