San Mateo real estate offers first time home buyers exceptional opportunities in conveniently located neighborhoods between San Francisco and San Jose. The city features an active business community, beautiful housing options, and excellent public schools that make it one of the most desirable Mid-Peninsula communities for families and young professionals. Among the best San Mateo neighborhoods for first time buyers are The Village San Mateo and Sunnybrae San Mateo, each offering unique benefits and excellent value in the current market.
The Village San Mateo is nestled between Bayshore Freeway and El Camino Real around Hillsdale Boulevard, featuring charming ranch-style homes that have long attracted first time buyers. Most homes in this Mid-Peninsula neighborhood range between 1,100 and 1,300 square feet with no more than 3 beds and 2 baths. The closely spaced homes create an intimate, welcoming neighborhood atmosphere that appeals to buyers seeking community connection in San Mateo.
Sunnybrae San Mateo is located just north of The Village, above the Bayshore Freeway, offering similar Mid-Peninsula charm with slightly larger homes. This family-friendly neighborhood features 3 bed, 2 bath homes of various architectural styles set on scenic tree-lined streets, with average sizes closer to 1,500 square feet. Sunnybrae Park and Sunnybrae Elementary School make this San Mateo neighborhood particularly attractive for young families seeking quality education and recreation.
The San Mateo real estate market in 2022 brought welcome opportunities for first-time home buyers as market conditions softened. Median sales prices and average price per square foot on single family homes decreased across both neighborhoods, while homes stayed on the market longer and the sales price to list price percentage declined. These market shifts created favorable conditions for buyers working with top Mid-Peninsula real estate agents to find their first home. The chart below shows average price per square foot during 2022 for both San Mateo neighborhoods.
Since Sunnybrae homes are larger on average than The Village properties, comparing median sales prices provides additional insight for Mid-Peninsula home buyers (see chart below).
Both The Village and Sunnybrae represent excellent opportunities for first time buyers in the San Mateo real estate market. Current market conditions suggest Sunnybrae offers exceptional value, with average price per square foot on sold single family homes down 19.1% when comparing third quarter 2022 to first quarter 2022 figures. The Village saw a more modest 8.9% decrease in the same comparison period. Median list prices on active homes in both neighborhoods remained nearly identical at just below $1,700,000, making both areas accessible for well-prepared buyers exploring Mid-Peninsula real estate listings.
Well-priced homes in these desirable San Mateo neighborhoods continue to sell relatively quickly, with some properties still receiving offers over asking price. As of the publication date, only a handful of homes were available in each neighborhood, requiring buyers to act decisively when they find the right property. Working with experienced best Realtors in the Mid-Peninsula ensures first time buyers can navigate competitive situations with confidence and strategic guidance.
Veritas Homes is a boutique residential real estate brokerage serving home buyers and sellers across San Carlos, Belmont, Redwood City, and surrounding Peninsula communities. Founded by Val Vandervort, Veritas Homes (Latin for "Truth") is committed to providing outstanding customer service with integrity at the center of everything we do. Our team also supports causes that matter to our clients through Change Homes Change Lives, donating a portion of each commission to the charity of your choice. To learn more about Mid-Peninsula real estate trends, read "Is the Mid Peninsula Real Estate Market Bouncing Back?" or explore "Resort Style Living on the San Mateo Lagoon" for waterfront home insights. Ready to explore San Mateo neighborhoods? Contact us today to begin your home buying journey with trusted local guidance.
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