Millbrae Real Estate Market Trends, Home Prices, Agents

Updated: Nov 30, 2017. Save time and save money. Work with a top Millbrae real estate agent.

Jump to short summaries of key Millbrae real estate trends

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Millbrae Real Estate Trends - Houses

Short summary of 4 key Millbrae home value trends for single family houses which can be printed

Millbrae Real Estate Trends - Average and Median Home Prices Of Houses

When trying to understand Millbrae home prices, the first and most often real estate trend looked at is either average sale price or median home sale price. The average price can be pushed up by a particularly expensive home being sold. Much less often an especially low price for several homes can push the average price down. By looking at both average and median home prices, a quick judgment can be made about any unusually high or low prices

Graph of the Quarterly Median and Average Millbrae Home Prices for Houses - Millbrae Real Estate Trends

Quarterly Average and Median Millbrae House Prices

Graph of the Monthly Median and Average Millbrae Home Prices for Houses - Millbrae Real Estate Trends

Monthly Average and Median Millbrae Home Prices of Houses

Graph of the Yearly Median and Average Millbrae Home Prices for Houses - Millbrae Real Estate Trends

Yearly Average and Median Millbrae Home Prices of Houses

Millbrae Real Estate Trends - Home Prices Per Square Foot For Houses

The sales price of a Millbrae house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between houses. Furthermore if you look at the average size of a Millbrae house sold you will see that it varies with time. Part of the variation is due to the random nature of which houses are being sold but there tends to be a increase in the size with time because when a house is replaced with a newer house, the newer house is almost always larger.

Graph of the Quarterly Average Price Per Square Foot for Millbrae Houses - Millbrae Real Estate Trends

Quarterly Average Millbrae House Prices Per Square Foot

Graph of the Monthly Average Price Per Square Foot for Millbrae Houses - Millbrae Real Estate Trends

Monthly Average Millbrae House Prices Per Square Foot

Graph of the Yearly Average Price Per Square Foot for Millbrae Houses  - Millbrae Real Estate Trends

Yearly Average Millbrae House Prices Per Square Foot

Millbrae Real Estate Trends - House Sales Prices vs. List Prices

Home buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show this relationship Millbrae houses using color coding which generally highlights changes in the market. More Millbrae homes being sold over list price is a very good indicator of rising home prices. More homes being sold under list price is a very good indicator of falling home prices.

Graph of the Quarterly Average Sales Price vs. List Price for Millbrae Houses - Millbrae Real Estate Trends

Quarterly Average Millbrae House Sales Price vs. List Price

Graph of the Monthly Average Sales Price vs. List Price for Millbrae Houses - Millbrae Real Estate Trends

Monthly Average Millbrae House Sales Price vs. List Price

Graph of the Yearly Average Sales Price vs. List Price for Millbrae Houses - Millbrae Real Estate Trends

Yearly Average Millbrae House Sales Price vs. List Price

Millbrae Real Estate Trends - Number of Houses Sold

A quick estimate of how active the Millbrae real estate market is can be found by looking at the number of houses sold. Locally there is a strong seasonal change in the number of houses sold. The lowest number of houses sold typically occurs around December & January. The highest number of houses sold typically occurs around May. Price changes do not track the seasonal change in the number of houses sold.

Graph of the Quarterly Number of Millbrae Houses Sold - Millbrae Real Estate Trends

Quarterly Number of Millbrae Houses Sold

Graph of the Monthly Number of Millbrae Houses Sold - Millbrae Real Estate Trends

Monthly Number of Millbrae Houses Sold

Graph of the Yearly Number of Millbrae Houses Sold - Millbrae Real Estate Trends

Yearly Number of Millbrae Houses Sold

Millbrae Real Estate Trends - Days On Market for Houses Sold

Many people look at "Days On Market", the average number of days a house is offered for sale before it sells, to spot changes in the Millbrae real estate market. Increasing DOM implies buyers are not being as competitive to buy homes. This statistic also tends to have a seasonal variation. DOM is typically greater late in the year. Seasonal variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.

Graph of the Quarterly Average Days On Market for Millbrae Houses - Millbrae Real Estate Trends

Quarterly Average Days On Market for Millbrae Houses Sold

Graph of the Monthly Average Days On Market for Millbrae Houses - Millbrae Real Estate Trends

Monthly Average Days On Market for Millbrae Houses Sold

Graph of the Yearly Average Days On Market for Millbrae Houses - Millbrae Real Estate Trends

Yearly Average Days On Market for Millbrae Houses - Millbrae Real Estate Trends

Millbrae Real Estate Trends - Size of Houses Sold

The behavior of buyers and sellers can be somewhat different depending on the price of the house. There are times when low to mid-range homes are selling quickly but higher priced homes aren't or the reverse may be true. Generally house price is proportional to size in a given area. Locally newer homes are often larger than older homes. Looking at the average size of houses being sold can provide additional insight into the Millbrae real estate market.

Graph of the Quarterly Average Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Quarterly Average Size of Millbrae Houses Sold

Graph of the Monthly Average Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Monthly Average Size of Millbrae Houses Sold

Graph of the Yearly Average Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Yearly Average Size of Millbrae Houses Sold

Millbrae Real Estate Trends - Lot Size of Houses Sold

As mentioned above generally house price is proportional to house size in a given area. Another factor is lot size. Most local cities limit the maximum size of house that can be built depending upon the lot size. A larger house can be built on a larger lot. Additionally local cities may allow a secondary dwelling if the lot is greater than a specified size (typically 8,000 sf).

Looking at the average lot size of houses being sold can provide additional insight into the Millbrae real estate market. Lot sizes over 150,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median.

Graph of the Quarterly Average Lot Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Quarterly Average Lot Size of Millbrae Houses Sold

Graph of the Monthly Average Lot Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Monthly Average Lot Size of Millbrae Houses Sold

Graph of the Yearly Average Lot Size of Millbrae Houses Sold - Millbrae Real Estate Trends

Yearly Average Lot Size of Millbrae Houses Sold

Millbrae Real Estate Trends - Age of Houses Sold

A brand new Millbrae home typically sells for a premium price compared to a similar sized home in the same neighborhood. When looking at average Millbrae home prices, the average age should be checked to see if prices are changing because of demand or because different types of houses are being sold.

Graph of the Quarterly Average Age of Millbrae Houses Sold - Millbrae Real Estate Trends

Quarterly Average Age of Millbrae Houses Sold

Graph of the Monthly Average Age of Millbrae Houses Sold - Millbrae Real Estate Trends

Monthly Average Age of Millbrae Houses Sold

Graph of the Yearly Average Age of Millbrae Houses Sold - Millbrae Real Estate Trends

Yearly Average Age of Millbrae Houses Sold

Millbrae Home Prices - Maximum and Minimum for Houses Sold

When trying to understand the Millbrae real estate market, it is useful to take a look at the extremes of the sales price range. Average buyers and sellers in each price range may act differently.

Graph of the Quarterly Maximum Price of Millbrae Houses - Millbrae Real Estate Trends

Quarterly Maximum Millbrae Price of Houses Sold

Graph of the Quarterly Minimum Price of Millbrae Houses - Millbrae Real Estate Trends

Quarterly Minimum Millbrae Price of Houses Sold

Graph of the Monthly Maximum Price of Millbrae Houses - Millbrae Real Estate Trends

Monthly Maximum Millbrae Price of Houses Sold

Graph of the Monthly Minimum Price of Millbrae Houses - Millbrae Real Estate Trends

Monthly Minimum Millbrae Price of Houses Sold

Graph of the Yearly Maximum Price of Millbrae Houses - Millbrae Real Estate Trends

Yearly Maximum Millbrae Price of Houses Sold

Graph of the Yearly Minimum Price of Millbrae Houses - Millbrae Real Estate Trends

Yearly Minimum Millbrae Price of Houses Sold

Millbrae Real Estate Trends - Condos

Short summary of 4 key Millbrae real estate trends for condos which can be printed.

Millbrae Real Estate Trends - Average and Median Condo Prices

When trying to understand Millbrae condo prices the first and most often real estate statistic looked at is either average or median condo sale price. The average price can be pushed up by a particularly expensive condo being sold. Much less often an especially low price for several condos can push the average price down. By looking at both average and median price a quick judgment can be made about any unusually high or low prices. When a condominium development is offered for sale, the high number of units offered can shift both average and median prices.

Graph of the Quarterly Median and Average Price of Millbrae Condos - Millbrae Real Estate Trends

Quarterly Average and Median Price of Millbrae Condos Sold

Graph of the Monthly Median and Average Price of Millbrae Condos - Millbrae Real Estate Trends

Monthly Average and Median Price of Millbrae Condos Sold

Graph of the Yearly Median and Average Price of Millbrae Condos - Millbrae Real Estate Trends

Yearly Average and Median Price of Millbrae Condos Sold

Millbrae Real Estate Trends - Condo Prices Per Square Foot

The average sales price of condos is typically affected by the average size of the condos sold. If a new development comes up for sale, the average size can be affected which in turn affects the average sales price. This same development may affect statistics a second time about five years later if many of the first purchasers decide to sell and move to a bigger home. Looking at price per square foot gives a partial adjustment for changes in the typical condo sold.

Graph of the Quarterly Average Price Per Square Foot for Millbrae Condos Sold

Quarterly Average Price Per Square Foot for Millbrae Condos - Millbrae Real Estate Trends

Graph of the Monthly Average Price Per Square Foot for Millbrae Condos - Millbrae Real Estate Trends

Monthly Average Price Per Square Foot for Millbrae Condos Sold

Graph of the Yearly Average Price Per Square Foot for Millbrae Condos - Millbrae Real Estate Trends

Yearly Average Price Per Square Foot for Millbrae Condos Sold

Millbrae Real Estate Trends - Condo Sales Prices vs. List Prices

Millbrae condo buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show this relationship using color coding which generally highlights changes in the market. More condos being sold over list price is a very good indicator of rising condo prices. More condos being sold under list price is a very good indicator of falling condo prices. Comparing Millbrae condo prices to Millbrae house prices can give you more insight into whether there is a general change in Millbrae home prices or if something unique to condos is happening.

Graph of the Quarterly Sales Price vs. List Price for Millbrae Condos - Millbrae Real Estate Trends

Quarterly Average Sales Price vs. List Price for Millbrae Condos

Graph of the Monthly Average Sales Price vs. List Price for Millbrae Condos - Millbrae Real Estate Trends

Monthly Average Sales Price vs. List Price for Millbrae Condos

Graph of the Yearly Average Sales Price vs. List Price for Millbrae Condos - Millbrae Real Estate Trends

Yearly Average Sales Price vs. List Price for Millbrae Condos

Millbrae Real Estate Trends - Number of Condos Sold

A quick estimate of how active the Millbrae condo real estate market can be found by looking at the number of condos sold. Locally there is a strong seasonal change in the number of homes sold. The lowest number of homes sold typically occurs around December & January. The highest number of homes sold typically occurs around May. This seasonal variation is often altered for condo sales by a large new development beginning to sell their condos. Price changes do not track the seasonal change in the number of condos sold.

Graph of the Quarterly Number of Millbrae Condos Sold - Millbrae Real Estate Trends

Quarterly Number of Millbrae Condos Sold

Graph of the Monthly Number of Millbrae Condos Sold - Millbrae Real Estate Trends

Monthly Number of Millbrae Condos Sold

Graph of the Yearly Number of Millbrae Condos Sold - Millbrae Real Estate Trends

Yearly Number of Millbrae Condos Sold

Millbrae Real Estate Trends - Days On Market for Condos Sold

Many people look at "Days On Market", the average number of days a condo is offered for sale before it sells, to spot changes in the condo real estate market. Increasing DOM implies buyers are not being as competitive to buy condos. This statistic also tends to have a seasonal variation. DOM is typically greater late in the year. Seasonal variation in this statistic can make it difficult to use this statistic to predict either rising or falling condo prices. New condominium developments can change the typical DOM.

Graph of the Quarterly Average Days On Market for Millbrae Condos - Millbrae Real Estate Trends

Quarterly Average Days On Market for Millbrae Condos Sold

Graph of the Monthly Average Days On Market for Millbrae Condos - Millbrae Real Estate Trendsd

Monthly Average Days On Market for Millbrae Condos Sold

Graph of the Yearly Average Days On Market for Millbrae Condos - Millbrae Real Estate Trends

Yearly Average Days On Market for Millbrae Condos Sold

Millbrae Real Estate Trends - Size of Condos Sold

The behavior of buyers and sellers can be somewhat different depending on the price of the condo. There are times when low to mid-range condos are selling quickly but higher priced condos aren't or the reverse may be true. Builders try to match what they build to what is selling well. It can take several years for a condo development to begin selling but it was surely built to target expected demand. Looking at the average size of condos being sold can provide additional insight into the condo real estate market.

Graph of the Quarterly Average Size of Millbrae Condos Sold - Millbrae Real Estate Trends

Quarterly Average Size of Millbrae Condos Sold

Graph of the Monthly Average Size of Millbrae Condos Sold - Millbrae Real Estate Trends

Monthly Average Size of Millbrae Condos Sold

Graph of the Yearly Average Size of Millbrae Condos Sold - Millbrae Real Estate Trends

Yearly Average Size of Millbrae Condos Sold

Millbrae Real Estate Trends - Age of Condos Sold

A brand new condo typically sells for a premium price compared to a similar sized condo in the same neighborhood. When looking at average condo prices, the average age should be checked to see if prices are changing because of demand or because different types of condos are being sold.

Graph of the Quarterly Average Age of Millbrae Condos Sold - Millbrae Real Estate Trends

Quarterly Average Age Of Millbrae Condos Sold

Graph of the Monthly Average Age Of Millbrae Condos Sold - Millbrae Real Estate Trends

Monthly Average Age Of Millbrae Condos Sold

Graph of the Yearly Average Age Of Millbrae Condos Sold - Millbrae Real Estate Trends

Yearly Average Age Of Millbrae Condos Sold

Millbrae Condo Prices - Maximum and Minimum

When trying to understand the Millbrae condo real estate market, it is useful to take a look at the extremes of the sales price range.

Graph of the Quarterly Maximum Price for Millbrae Condos Sold

Quarterly Maximum Price for Millbrae Condos - Millbrae Real Estate Trends

Graph of the Quarterly Minimum Price for Millbrae Condos - Millbrae Real Estate Trends

Quarterly Minimum Price for Millbrae Condos Sold

Graph of the Monthly Maximum Price for Millbrae Condos - Millbrae Real Estate Trends

Monthly Maximum Price for Millbrae Condos Sold

Graph of the Monthly Minimum Price for Millbrae Condos - Millbrae Real Estate Trends

Monthly Minimum Price for Millbrae Condos Sold

Graph of the Yearly Maximum Price for Millbrae Condos - Millbrae Real Estate Trends

Yearly Maximum Price for Millbrae Condos Sold

Graph of the Yearly Minimum Price for Millbrae Condos - Millbrae Real Estate Trends

Yearly Minimum Price for Millbrae Condos Sold

Use The Best Millbrae CA Real Estate Agent

Save both your time and money by working with the best Millbrae real estate agent. Surveys of home buyers show that the number 1 reason they choose to work with a real estate agent is to get help finding the best home. Connections and knowledge are key to finding the best home. After finding the best home, you will have to make the most attractive, competitive, offer. Factors other than money play a key part in the seller's decision.

I negotiate over one hundred successful purchase offers each year. I have up-to-date experience and knowledge to plan and make a great offer. What if something goes wrong with your loan application or with something else? I have the experience and connections to solve nearly all problems. Work with me, a top real estate agent who knows Millbrae very well. For 3 years in a row I have been recognized as one of the three, and most recently as the number 1 top real estate agent nationwide at Keller Williams.

My unique team approach splits up the various stages of buying a home. You will work with both myself and a core member of my team who is also a top real estate agent. My team specialist is an expert at helping you both find a home and to understand the tradeoffs you will be making. I discuss your purchase offer with you and negotiate with the seller. Get the support of two top Millbrae real estate agents working closely together. Give me, Juliana Lee, a call at my cell phone 650-857-1000 and let's talk about what you are looking for. If you want to learn more about buying or selling real estate, come to my free real estate seminar.

Have you ever wondered what the difference is between a Millbrae real estate agent and a Millbrae realtor? "Realtor" is a trademarked name owned by the National Association of Realtors (NAR). A Millbrae realtor is a real estate agent who belongs to NAR. Many purchase contract forms used locally are created by the California Association of Realtors (CAR) which is under NAR. The local Silicon Valley Association of Realtors (SILVAR), the Santa Clara County Association of Realtors (SCCOAR) and San Mateo County Association of Realtors (SAMCAR) establish standards of practice for local real estate agents.