One year ago this month, we wrote to you and talked about the unprecedented time we were headed into. We asked for positive energy to be sent to healthcare workers and first responders, to those trying to solve the pandemic, and most of all to those who were sick. Many of us made it through this past year and our hearts go out to any of you who lost loved ones. It is just so difficult to believe that one year has passed. There is light at the end of the tunnel though.

At this time last year, we told you we were bullish on the long-term value of owning a home here. That certainly turned out to be the case. I don’t think anyone could have predicted how well the real estate market would do during this time as “home” became more important than ever. Fueled by the need for work-from-home and distance-learning space, along with recreational outdoor space, buyers and sellers jumped into the market. Many were looking for larger homes, and many relocated because proximity to the workplace was no longer necessary. As a result, the number of sales in San Mateo and Santa Clara counties rose slightly and the average price increased 3.4% in San Mateo County and 9% in Santa Clara County.

As we look forward, we remain bullish on homeownership and expect continued increases. We are here for buyers and sellers, and our experience will bring you the best results. We have been selling homes here for years and getting successful results. We would love to talk real estate with you any time and we continue to operate under all county mandates, with safety at the forefront. Stay safe and stay well and please reach out any time.

See below for some interesting stats on the average sales prices in our local cities and towns. Real estate turned out to be quite resilient during the pandemic.

*This data for Atherton is based on homes sold on the Multiple Listing Service only; there were many homes sold off-market that are not reflected here.