San Mateo Real Estate & Homes for Sale in California
San Mateo is a lovely city located in beautiful San Mateo County, California. Bordered by Belmont to the south, Burlingame to the north and Forster City to the east, San Mateo is one of the larger suburban communities within the Bay Area. With its historic downtown area, pro-business environment, excellent schools, and plenty of recreational opportunities, this budding city is recognized as one of the Bay Area's premier family destinations. Although San Mateo is the second largest city in the county, the population is still under 100,000 and offers residents and tourists the opportunity to live a big-city lifestyle but on a much smaller scale.
Most of the area businesses include finance, insurance, and real estate. This area is also a leader in technology and technological advancements. Furthermore, the community offers a wide variety of recreational activities, numerous shopping areas, and quick access to the San Francisco bay area. Students are under the jurisdiction of the San Mateo Union High School District and once they've graduated from high school, the College of San Mateo and a host of other area colleges awaits them.
San Mateo homes for sale include a variety of ranch-style homes, beautiful luxury estate properties with great amenities, affordable condominiums and townhouses, waterfront houses with attached docks, hillside houses are available with views, and in-town homes within walking distance of shops and transportation.
San Mateo, CA Real Estate Market: Prices of Homes for Sale
The majority of homes in this part of the San Francisco Bay Area were built in the 1950s. Local housing options in San Mateo include townhouses, condominiums and single-family detached homes for sale. A majority of condominiums and townhouses in San Mateo can be found in developments such as Woodlake, Casa Laguna and Marina Point with prices ranging from $175,000 to $3 million and up.
Some San Mateo homes and properties offer access to community facilities such as swimming pools and some even offer hillside, mountain, waterfront, or greenbelt views. Contemporary and ranch-style San Mateo houses with three or more bedrooms are listed from the $325,000 to $1.5 million+ for larger estates. Mediterranean and English-style properties with six bedrooms or more and broad landscapes reach up to more than $2.5 million. Many available local San Mateo homes are located along tree-lined streets and feature wooded lots, bay, greenbelt, city lights views and lush landscaping.
San Mateo Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $2,419,939 compared to $2,419,939 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.