San Mateo County 2020 Real Estate Market Review
San Mateo County 2020 Market Review January 2021 Report
Pandemic, shelter in place, mass unemployment, terrible financial hardships for many residents and small businesses, new ways of working, office buildings empty, people move, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, IPO mania breaks out again, vaccines begin to arrive – and the Bay Area real estate market went into hyper- drive, with median home sales prices hitting new peaks. The luxury home market in particular was extremely strong. 2020: a year of extremes.
Many factors affect home values: quality of location within the city, architectural style and curb appeal, square footage, condition, views, amenities, extra rooms, parking, decks and yards, privacy, lot size, and so on. There is a vast variety of homes within the region and within cities and how median sales prices apply to any particular property is unknown without a specific comparative market analysis.
Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic that often disguises a wide range of prices in the underlying individual sales. Median sales prices are often affected by factors besides changes in fair market value. Based upon sales reported to MLS – not all sales are reported. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate. Late reported sales may alter numbers, though typically only to a slight degree.
Click through the graphs below.
It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. Many factors affect sales prices besides neighborhood/ bedroom count: quality of location within the neighborhood, condition, size, architecture, views, amenities, parking, outdoor space, etc.
These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.
Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.
I can see why connecting values with everyday school life would invite discussion, since different people will bring different experiences to the same question. Kindness becomes easier to understand when it appears in ordinary classroom situations. It makes me curious about the practical side of values based education. I can imagine different answers depending on the situation, so I would want to understand the context before drawing conclusions. How can a school discuss values while leaving room for students' questions?
The subject of creating a welcoming preschool environment feels more interesting when there is room for a reader to stop and ask their own questions. A predictable daily rhythm can make an unfamiliar classroom feel more comfortable. I would use that point as a starting question when considering welcoming preschool environment. I am still thinking through the details, and a small example would help me picture how this works in practice. Which small classroom details help a new child settle in?
My first thought about making room for neighbourhood learning activities is that the everyday experience deserves as much attention as the larger explanation. A familiar local meeting place can make trying a new activity feel more approachable. For me, that is a useful way into the broader subject of community learning activities. A short discussion of an everyday example would make this easier for me to connect with, especially as someone still learning about the subject. What would encourage someone to join a class for the first time?
What draws my attention to understanding biometric identity and privacy is the possibility of making an unfamiliar subject feel closer to everyday life. Convenience deserves to be considered alongside how identifying information is collected and stored. That is the kind of detail I would keep in mind while exploring biometric data privacy. I can imagine different answers depending on the situation, so I would want to understand the context before drawing conclusions. What questions should a beginner ask before trusting a biometric system?
The topic of learning responsibility through cadet education gives me a few things to think about, especially when the discussion moves beyond general advice. Shared responsibilities can turn discipline into a daily habit rather than a list of rules. That connection helps me see why cadet leadership training can be worth a closer look. I do not have a settled view yet, but this seems like a good place to slow down and look more closely. How can a cadet programme encourage initiative as well as teamwork?