- Lisa M. Lum, REALTOR®
- Posts
- Lisa's Market Minute
Hello, April 🌷
The cherry blossoms along El Camino have come and gone, but the spring energy on the Peninsula is still building. The magnolias in downtown San Mateo are in full bloom, weekend open houses are packed again, and there is that unmistakable buzz that comes when buyers and sellers finally step off the sidelines.
Whether you are keeping an eye on your home's value or just curious about what is happening in your neighborhood, the March numbers are in, and they tell an interesting story. San Mateo County prices surged nearly 10 percent year over year, while Santa Clara County held steady with modest gains and noticeably more inventory. Two counties, two very different chapters.
Thank you to everyone who shared last month's issue with friends and neighbors. It genuinely makes my day when someone mentions they forwarded it.
I spent most of March helping four families navigate offers in Menlo Park and Burlingame, and the common thread was the same: preparation and pricing discipline win in this market.
-Lisa
MARCH REPORT
San Mateo County - Market Housing Statistics
Single Family Residential | March 2026
San Mateo County Area Report
Santa Clara County - Market Housing Statistics
Single Family Residential | March 2026
Santa Clara County Area Report
IN THE NEWS
 | Multiple Offers Push $20M+ Homes Above Asking in AthertonAtherton's ultra-luxury market is defying gravity. Homes priced between $20 million and $30 million are drawing multiple offers and selling above asking, fueled by AI-generated wealth and a historically tight supply of estate-quality lots. If you have ever wondered where NVIDIA's stock gains end up, this is a good place to start looking … |
 | OpenAI Leases 450,000 SF Mountain View Campus in Google's BackyardOpenAI signed a 10-year lease on a five-building campus at 350-380 Ellis Street in Mountain View, signaling a major Silicon Valley expansion. With the company's annualized revenue reaching $25 billion, hundreds of new employees will be commuting to the area. For homeowners in Mountain View, Sunnyvale, and Los Altos, more high-earning tech workers means more demand ... |
 | Silicon Valley's $582 Million Mansion BoomBloomberg reports that Silicon Valley fortunes are fueling a mansion-building spree totaling $582 million. Spec builders are racing to meet demand from tech executives who want move-in-ready estates, and the Peninsula remains the epicenter. The twist: some of these builders are now eyeing Texas for their next projects, a sign that California's regulatory environment is pushing development dollars elsewhere ... |
 | California's 2026 ADU Laws: What Homeowners Need to KnowFour new laws took effect January 1 that make it easier and faster to build an accessory dwelling unit on your property. The biggest change: cities must now respond to ADU permit applications within 15 days, and if they miss that deadline, your application is automatically deemed complete. If you have been thinking about adding a rental unit or in-law suite, the regulatory environment has never been more favorable … |
 | San Mateo and Santa Clara Counties Top California's Priciest Housing MarketsA new report confirms what locals already know: San Mateo and Santa Clara Counties are the two most expensive housing markets in the state. San Mateo County holds the highest median sale price for standard four-bedroom family homes in the entire Greater Bay Area, and both counties continue to operate well below balanced inventory levels … |
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Lisa M. Lum
DRE #02005150
Mobile: +1 (650) 668-1868 | Email: [email protected]
Coldwell Banker Realty
1706 El Camino Real, Suite 220, Menlo Park, CA 94027
