Hillsdale Redevelopment, SF Affordable Housing, and Labor Day Weekend Events

BAYAREAOWN WEEKLY RECAP

MARKET TRENDS

San Mateo County Home Prices (July 2025)
Average single-family home prices show a wide spread: Atherton leads at $12.3M, followed by Hillsborough ($6.8M) and Portola Valley ($6M). More accessible markets include East Palo Alto ($954K), Daly City ($1.14M), and South San Francisco ($1.27M). Core mid-Peninsula cities like San Mateo ($2.27M), Redwood City ($2.23M), and San Carlos ($2.61M) sit in the $2M–$2.6M range, while Burlingame and Menlo Park trend higher at $3M+.

Rents Rising in San Francisco
Median apartment rent hit $3,040 in August, up 11.5% YoY — the highest since April 2020. While national rents are trending down, San Francisco’s tight supply is pushing prices back up.

Inventory Still Tight
As of August 1, San Francisco had fewer than 1,000 active listings on the market, down from last year. The city’s median sale price climbed 5.2% YoY to $1.71M.

Rates Hold Near Mid-6%
As of late August, 30-year mortgage rates hover around 6.6% and 15-year at 5.7%, continuing to squeeze affordability but showing signs of stabilizing.

📩 Want to better understand what this means for the future of Bay Area housing? We’re here to help — send us a message at [email protected].

FOOD & DRINK

JUST OPENED IN THE BAY AREA

YOUTUBE

Ten Transformative Developments Reshaping San Francisco’s Future

San Francisco is going through a massive transformation in 2025. From new skyscrapers and waterfront communities to major transit projects and housing developments, these 10 game-changing projects are reshaping the city’s future. In this video I share what’s being built, why it matters, and what it could mean for buyers, sellers and anyone thinking about living or investing in San Francisco.

UPCOMING EVENTS

LOOKING FOR SOMETHING TO DO?

Blue Note Jazz Festival (Black Radio Experience) — Aug 29–31 · The Meritage Resort & Spa, Napa

California Free Fishing Day (FREE) — Sat, Aug 30 · Statewide (no license; regs still apply)

Millbrae Art & Wine Festival — Aug 30–31 · Downtown Millbrae (Broadway)

Kings Mountain Art Fair — Aug 30–Sept 1 · 13889 Skyline Blvd, Woodside

Free Shakespeare in the Park: Two Gentlemen of Verona (FREE) — Aug 30–Sept 1, 2pm daily · Jerry Garcia Amphitheater, McLaren Park (SF)

Labor Day Beach Bonfire (Ocean Beach rules apply) — Evenings, Aug 30–Sept 1 · Ocean Beach, SF (legal fire rings only)

Hiero Day Festival — Mon, Sept 1 · The Midway, 900 Marin St, SF

Oakland First Fridays (FREE) — Fri, Sept 5, 5–9:30pm · Telegraph Ave (22nd–27th), Oakland

South FIRST FRIDAYS ArtWalkSJ + Street Mrkt (FREE) — Fri, Sept 5, 5–9pm · SoFA District, Downtown San José

Opera in the Park (FREE) — Sun, Sept 7, 1:30pm · Robin Williams Meadow, Golden Gate Park (SF)

Oakland Pride Parade & Festival — Sun, Sept 7 · Downtown Oakland (parade free; festival ticketed)

Not sure what to do next? Here’s the simple version: big San Mateo projects (Hillsdale, Bay Meadows) are moving forward, SF just broke ground on 425 affordable units, rents are climbing again, and mortgage rates sit in the mid-6% range—so what you can afford (or how you should price) is shifting. We’ll turn this into a clear, no-jargon plan for your goals—buy, sell, or wait.

[email protected]