San Mateo County Market Snapshot - July 2023

Inventory remains tight in San Mateo County, with median home prices and average time on the market going stagnant year over year. This could be a sign that the market is finally leveling out. It could also be a sign that summertime is traditionally slow for sales. Condos were only a slightly different story in July, with inventory down, prices up, and properties spending eight more days on the market than one year ago.

Drawing the (property) lines

Knowing the precise location of your property lines is crucial for a number of reasons, and there are just as many ways to find them. Let’s look at the how and why.

CHIC (Pearl)

I’ll take the “How?” The first thing you can do is consult your deed, the fundamental legal document that defines your property’s boundaries and dimensions. If the deed does not suffice, you could hire a professional surveyor to conduct an assessment, research property maps at your local assessor's office or land records department to access property maps. It’s also fun to hunt for physical markers like metal stakes, stone walls, fences, or even neighboring structures. And of course, it’s helpful to be on good speaking terms with your neighbors. Open communication can solve any problem.

GEEK (Kevin)

Guess that means I’m here to tell you the “Why?” Bottom line: Property lines establish ownership rights and prevent encroachment and trespassing by your neighbors and other randos. Knowing your lines also comes in handy when you’re planning a renovation or new build. The last thing you want to do is get on your neighbors’ bad side. So play nice. Happy block, happy flock. Oh, and don’t forget your property lines determine your property size and consequently, your property value. At the end of the day, if there’s any doubt, enlist the talents of a professional. The peace of mind is worth the price.

Santa Clara County Market Snapshot - June 2023

The market continues to be very tight in Santa Clara County, with home sales down 14% from last year, and condo sales 20% below June 2022. Meanwhile, properties are spending more time on the market as buyers weigh interest rates and inventory against their desire to find their dream home. As a result, home prices have dipped slightly, and condo prices have seen a small spike while buyers wait out the shifting market.