Mills Estate, Millbrae trend charts updated: Sep 30, 2024. Save time and save money. Work with a top Mills Estate, Millbrae real estate agent.
Introduction To Extensive Mills Estate Real Estate Market Trends
The low number of closed escrows makes neighborhood trends volatile. For most neighborhoods, houses are the most common type of home sold. To quickly spot changes in the Mills Estate real estate market view Mills Estate house prices per sq.ft. and Mills Estate house sales price vs. list price. Changes in the mix of houses sold in the Mills Estate neighborhood can change the average price even when the price per sq.ft. does not change. The sales price vs. list price chart flags changes in demand vs. supply. The numerous other trends plotted help you both understand and compare Mills Estate real estate to other areas. Recently completed townhouse and condo developments because of their size can have significant short term impacts on supply vs. demand for their respective home types but typically do not affect overall Mills Estate housing supply vs. demand trends.
Jump down to extensive Mills Estate real estate trends
- Extensive Mills Estate real estate trends for houses
- Extensive Mills Estate real estate trends for condos
Mills Estate Real Estate Trends - Houses
Short summary of 4 key Mills Estate single family house real estate trends which can be printed.
Mills Estate Real Estate Trends - Average and Median Home Prices of Houses
When trying to understand Mills Estate neighborhood home prices the first and most often real estate trend looked at is either average or median home sales price. The average price can be pushed up by a particularly expensive home being sold. Much less often an especially low price for one or two homes 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
Quarterly Average Price of Mills Estate & Millbrae Houses Sold
Quarterly Median Price of Mills Estate & Millbrae Houses Sold
Quarterly Average and Median Price of Mills Estate Houses Sold
Yearly Average Price of Mills Estate & Millbrae Houses Sold
Mills Estate Real Estate Trends - Home Prices Per Square Foot for Houses
The sales price of a Mills Estate 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 Mills Estate 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.
Quarterly Average Price Per Square Foot for Mills Estate & Millbrae Houses Sold
Quarterly Average Price Per Square Foot for Mills Estate Houses Sold
Yearly Average Price Per Square Foot for Mills Estate & Millbrae Houses Sold
Mills Estate 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 Mills Estate houses using color coding which generally highlights changes in the market. More Mills Estate 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.
Quarterly Average Sales Price & List Price for Mills Estate Houses
Quarterly Average Sales Price & List Price for Millbrae Houses Sold
Yearly Average Sales Price & List Price for Mills Estate Houses
Mills Estate Real Estate Trends - Number of Houses Sold
A quick estimate of how active the Mills Estate 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.
Quarterly Number of Sales & Price Per SqFt for Mills Estate Houses Sold
Quarterly Number of Mills Estate Houses Sold
Yearly Number of Sales & Price Per SqFt for Mills Estate Houses Sold
Mills Estate 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 Mills Estate 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. Variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.
Quarterly Average Days On Market for Mills Estate Houses Sold
Quarterly Average Days On Market for Millbrae Houses Sold
Yearly Average Days On Market for Mills Estate Houses Sold
Mills Estate 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 Mills Estate real estate market.
Quarterly Average Size of Mills Estate & Millbrae Houses Sold
Quarterly Average Size of Mills Estate Houses Sold
Yearly Average Size of Mills Estate & Millbrae Houses Sold
Mills Estate 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 Mills Estate real estate market. Lot sizes over 100,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median.
Quarterly Average Lot Size of Mills Estate & Millbrae Houses Sold
Quarterly Average Lot Size of Millbrae Houses Sold
Yearly Average Lot Size of Mills Estate & Millbrae Houses Sold
Mills Estate Real Estate Trends - Age of Houses Sold
A brand new Mills Estate home typically sells for a premium price compared to a similar sized home in the same neighborhood. When looking at average Mills Estate 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.
Quarterly Average Age of Mills Estate Houses Sold
Quarterly Average Age of Millbrae Houses Sold
Yearly Average Age of Mills Estate Houses Sold
Mills Estate Home Prices - Maximum and Minimum for Houses Sold
When trying to understand the Mills Estate 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.
Quarterly Maximum Price for Mills Estate Houses Sold
Quarterly Maximum Price for Millbrae Houses Sold
Quarterly Minimum Price for Mills Estate Houses Sold
Quarterly Minimum Price for Millbrae Houses Sold
Mills Estate Real Estate Trends - Condos
Short summary of 4 key Mills Estate condo real estate trends which can be printed.
Mills Estate Real Estate Trends - Average and Median Condo Prices
When trying to understand Mills Estate condo prices the first and most often real estate trend looked at is either average or median condo sales 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 condo development is offered for sale, the number of units offered can shift both average and median prices.
Quarterly Average Price of Mills Estate & Millbrae Condos Sold
Quarterly Median Price of Mills Estate & Millbrae Condos Sold
Quarterly Average and Median Price of Mills Estate Condos Sold
Yearly Average Price of Mills Estate & Millbrae Condos Sold
Mills Estate Real Estate Trends - Price Per Square Foot for Condos
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.
Quarterly Average Price Per Square Foot for Mills Estate & Millbrae Condos Sold
Quarterly Average Price Per Square Foot for Mills Estate Condos Sold
Yearly Average Price Per Square Foot for Mills Estate & Millbrae Condos Sold
Mills Estate Real Estate Trends - Condo Sales Prices vs. List Prices
Mills Estate 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 Mills Estate condo prices to Mills Estate house prices can give you more insight into whether there is a general change in Mills Estate home prices or if something unique to condos is happening.
Quarterly Average Sales Price & List Price for Mills Estate Condos
Quarterly Average Sales Price & List Price for Millbrae Condos
Yearly Average Sales Price & List Price for Mills Estate Condos
Mills Estate Real Estate Trends - Number of Condos Sold
A quick estimate of how active the Mills Estate 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.
Quarterly Number & Price Per SqFt of Mills Estate Condos Sold
Quarterly Number of Mills Estate Condos Sold
Yearly Number & Price Per SqFt of Mills Estate Condos Sold
Mills Estate 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. 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.
Quarterly Average Days On Market for Mills Estate Condos Sold
Quarterly Average Days On Market for Millbrae Condos Sold
Yearly Average Days On Market for Mills Estate Condos Sold
Mills Estate 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.
Quarterly Average Size of Mills Estate & Millbrae Condos Sold
Quarterly Average Size of Mills Estate Condos Sold
Yearly Average Size of Mills Estate & Millbrae Condos Sold
Mills Estate 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.
Quarterly Average Age Of Mills Estate Condos Sold
Quarterly Average Age Of Millbrae Condos Sold
Yearly Average Age Of Mills Estate Condos Sold
Mills Estate Condos - Maximum and Minimum
When trying to understand the Mills Estate condo real estate market, it is useful to take a look at the extremes of the sales price range.
Quarterly Maximum Price for Mills Estate Condos Sold
Quarterly Maximum Price for Millbrae Condos Sold
Quarterly Minimum Price for Mills Estate Condos Sold
Quarterly Minimum Price for Millbrae Condos Sold
Use The Best Mills Estate, Millbrae Realtor
Save both your time and money by working with the best Mills Estate Realtor. The number 1 reason home buyers choose to work with a real estate agent is to get help "finding" the best home. Up to date knowledge and connections are key to finding the best home. However, there is much more involved than finding the home. After finding the best home, you will have to make the most attractive, competitive, offer. It is important to know that factors other than just money play a key part in the seller's decision. You will also have to resolve any problems that pop-up so that escrow can close.
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? We at JLee Realty have the experience and connections to solve nearly all problems. Work with us, top Realtors and experts, who know Mills Estate very well. For 3 years in a row I was recognized as one of the three top, and most recently as the number 1 top Realtor nationwide at KW. The Juliana Lee Team has grown beyond what KW can provide and I now own and operate my own real estate brokerage for my team: JLee Realty, 4260 El Camino Real, Palo Alto CA 94306.
Our unique team approach splits up the various tasks when buying a home. You will work with both myself and a core member of the Juliana Lee Team who is also a top real estate agent. My buyer team specialist is especially skilled 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 Mills Estate Realtors (and the rest of our team) working closely together. Give us, the Juliana Lee Team, a call at 650-857-1000 or stop by our brokerage, JLee Realty, and let's talk about what you are looking for.
So far I've talked about buying real estate because it is not as well understood by home buyers as selling real estate is. When selling your home, it has to be advertised. It has to be promoted. The Juliana Lee Team has one of the most prominent real estate websites in Silicon Valley. It rates highly for key real estate terms in 35 Silicon Valley cities. If a home buyer searches for real estate trends or house prices in a Silicon Valley city, they will almost surely find julianalee.com on the first page of Google search results. In fact searching for "Silicon Valley real estate trends" will probably return julianalee.com in the first position or at least in a one of the first three. Similarly searching for "Palo Alto real estate trends" will probably return julianalee.com in one of the first three positions. We achieve similar excellent search results for nearly all Silicon Valley cities. We know how to promote successfully both digitally and in print.
Of course there is much more involved to sell your home than simply advertising it. The Juliana Lee team at JLee Realty has both a buyer team and a seller team. Our seller team gets current knowledge about what buyers are looking for from our buyer team. Our seller team also gets current knowledge about what problems buyers are currently facing and how the problems are minimized. If a buyer makes an offer to buy your home but runs into problems getting a loan, we can help with expert current advice. Since our buyer team gets potential buyers from our seller team, they want our seller team to be successful and knowledgeable about issues buyers are facing. Our buyer team can represent buyers while our seller team can represent sellers without a conflict of interest or loyalty.
Have you ever wondered what the difference is between a Mills Estate, Millbrae real estate agent and a Mills Estate realtor? "Realtor" is a trademarked name owned by the National Association of Realtors (NAR). A Mills Estate 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) manage access to the multiple listing service and establish standards of practice for local real estate agents.
If you want to learn more about buying or selling real estate, come to our free real estate seminar.