market data and statistics
Single Family Homes Statistics
|Number of Sales||567||614||599|
|Average Days on Market||19||18||20|
|Average Sales Price||$1,405,923||$1,414,529||$1,194,441|
|Median Sales Price||$1,305,000||$1,275,000||$1,050,000|
|Median Price Per Sqft||$847||$792||$689|
|% of List Price Received||107%||107%||108%|
|Number of Sales||353||364||379|
|Average Days on Market||24||20||27|
|Average Sales Price||$829,252||$730,169||$623,813|
|Median Sales Price||$760,000||$685,000||$595,000|
|Median Price Per Sqft||$699||$640||$561|
|% of List Price Received||105%||107%||104%|
San Mateo History
San Mateo’s first residents were that of the Ohlone tribe. Like the Spanish settlers that followed in the late 1770’s, these original dwellers understood the beauty of the land’s expansive laurel groves, cascading creeks, and vast meadowlands. Lieutenant Colonel Juan Bautista de Anza, Padre Pedro Font, Lieutenant Jose Joaquin Moraga, and eleven soldiers arrived in San Mateo looking for a place to set up a colony on the peninsula. Father Font named the creek that they slept by “San Mateo Creek.” In 1793, the missionaries founded an outpost needed to observe newly converted Christians who were responsible for providing food and livestock for the mission in San Francisco. This outpost building along San Mateo Creek became the first of many buildings that connect the peninsula to the longevity of San Francisco.
With the start of a new century and Mexico’s independence from Spain, San Mateo received an influx in population due to the Mexican Land Grants in 1835. Two major “ranchos” were established at the time; Rancho San Mateo and Rancho de las Pulgas. Since these times, other cities including San Mateo were divided from these two established “ranchos.” A.P. Giannini, founder of the Bank of Italy, later transitioning to Bank of America, lived in San Mateo. Beginning in the 1850s, some wealthy San Franciscans began building summer or permanent homes in the milder mid-peninsula. Long gone are the large dairy farms and rural landscape once seen across the city. Today San Mateo has almost 100,000 residents and each neighborhood differs in character, terrain, and entertainment.
As early as 1810 Coyote Point became an early destination for San Mateo residents. The recreation area provides a wide variety of outdoor opportunities including picnicking, swimming, windsurfing, bicycling, jogging, fishing, boating, and sailing. Young San Mateo residents enjoy the castle-and-dragon-themed Magic Mountain Playground. CuriOdyssey museum provides visitors with a chance to get up-close with wild animals and enjoy hands-on science exhibits. The expansive beach promenade gives visitors a view of the marina and its breakwater and the saltwater marsh.
San Mateo is also home to the San Mateo Event Center providing citizens fun events all year round. The most notable event being the San Mateo County Fair which welcomes the beginning the of the summer season, and has been showcased at the Event Center for 80 years. San Mateo’s downtown area is a peninsula destination hosting diverse restaurants and entertainment. Peninsula residents can easily access downtown San Mateo with the use of Caltrain. The walkable urban downtown area is home to award-winning restaurants and famed Central Park.
The city purchased the current Central Park property from the Kohl Mansion in 1922 and transformed the area into a 6.3-acre property. Central Park hosts community events such as the Central Park Music Series, 4th of July in the Park, Eggstravaganza, and more. Central Park is home to the legendary Japanese Garden, one of the finest gardens in California. The garden features a granite pagoda, tea house, koi pond and bamboo grove. Families flock to the garden each day to watch the koi being fed.
San Mateo remains as one of the most sought-after living communities along the Peninsula. With its diverse culinary options, family-friendly entertainment, and bustling downtown and Bay Meadows neighborhoods, it is easy to see why peninsula residents find the city of San Mateo so desireable.