Published February 13, 2025

San Mateo County Market Update - February 2025

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Written by Kevin Pickett

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              3 Reasons to Buy a Home Before Spring

              If you’ve been considering buying a home, you might be wondering whether it’s better to wait until spring when more homes come onto the market and mortgage rates could potentially drop. While it’s natural to think that waiting for the perfect time might be best, here’s the thing: no one can predict where rates will go, and waiting could mean facing more competition, higher prices, and a lot more stress.

              As a long-time real estate agent, I’ve seen firsthand how buyers who act before the spring rush often have a major advantage. Here are three key reasons why starting your home search now, especially in Pacifica, could be a smart move.

              1. Less Competition from Other Buyers in San Mateo County

              Winter is often a quieter time for real estate, and San Mateo County is no exception. Many buyers put off their search until spring, meaning there are fewer people competing for homes in the area. Fewer buyers in the market translates to less competition when it’s time to make an offer.

              In fact, according to recent data, the winter months tend to offer a less rushed, more thoughtful home-buying process. With fewer offers on homes, you may also find that sellers are more willing to negotiate.

              I have witnessed firsthand how buyers who act in the winter months often experience a smoother, less stressful journey, with more time to make decisions and stronger negotiating leverage.

              2. More Negotiating Power

              Another benefit of buying during the off-season is that homes tend to stay on the market longer, and sellers may be more willing to negotiate. With fewer buyers out there, sellers feel the pressure to accept serious offers and are often more flexible with prices and terms.

              This could mean negotiating for a lower price, securing closing cost credits, or even getting sellers to make repairs. With my extensive knowledge of the San Mateo County market, I can guide you in making the most of these opportunities to ensure you get the best deal possible.

              3. Lock in Today’s Prices Before They Rise

              Spring may bring an influx of buyers, which often drives up demand and, in turn, home prices. Historical data from sources like MLS Listings, and the local MLS board in San Mateo County shows that homes purchased in January and February are typically 15% lower in price than those purchased in peak months like June.

              By buying before spring, you’re more likely to avoid paying a premium for your home when demand picks up. Additionally, San Mateo's desirable location means that home prices tend to appreciate over time, so buying now could lock in a price before values increase as competition heats up in the spring.

              Bottom Line

              While spring might seem like the ideal time to buy a home, there are several key reasons why buying now—before the rush—could give you a significant advantage. Less competition, more negotiating power, and the opportunity to lock in today’s prices are just a few of the benefits you can take advantage of in the current market.

              If you're ready to explore your options, connect with me today. With my local expertise and experience in the San Mate County market, I'm here to help you find the perfect home and negotiate the best deal, all while making the process easier and more manageable.



              San Mateo County Rolling 3-Month Data

              Below, our data is based on averages for Single-family homes in San Mateo County over the last 90 days (November 2024 to January 2025). This data was gathered on February 4, 2025. 




              San Mateo County Market Report



              Thinking of selling? 

              I'd love to discuss your home's value and positioning in the current market. Call or text Kevin at 415.283.7919 or email Kevin at Kevin@PickettRealEstateGroup.com 

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