August 2023 Copyright by KW Advisors 2023
Palo Alto area
Palo Alto
Jump to Palo Alto Report
Redwood City
Jump to Redwood City Report
Portola Valley
Jump to Portola Valley Report
Menlo Park
Jump to Menlo Report
Atherton
Jump to Atherton Report
Los Altos
Jump to Los Altos Report
San Jose
Jump to San Jose Report
Mountain View
Jump to Mountain View
San Mateo County
Jump to San Mateo County
Santa Clara County
Jump to Santa Clara County
Monterey County
Jump to Monterey County Report
Santa Cruz County
Jump to Santa Cruz County Report
East Palo Alto
Jump to East Palo Alto Report
Sunnyvale
Jump to Sunnyvale Report
Santa Clara City
Jump to Santa Clara City Report
Saratoga
Jump to Saratoga Report
What’syourhome reallyworthin today’smarket?
That's the question you should be asking yourself.
Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.
So, do you know what your home is worth in today's market?
Icanhelp...
Contact me for a confidential, no obligation assessment of your home's value.
Sellers:Don’tLetTheseTwo ThingsHoldYouBack
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage Rate
According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect.
The
Advice:
Waiting May Not Pay Off
While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And right now, home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance later if that happens.
Challenge #2: The Fear of Not Finding Something to Buy
When so many homeowners are reluctant to take on a higher rate, fewer homes are going to come onto the market. That’s going to keep inventory low. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Inventory will remain tight in the coming months and even for the next couple of years. Some homeowners are unwilling to trade up or trade down after locking in historically-low mortgage rates in recent years.”
Even though you know this limited housing supply helps your house stand out to eager buyers, it may also make you feel hesitant to sell because you don’t want to struggle to find something to purchase.
The Advice: Broaden Your Search
If fear that you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options. Looking at all housing types, including condos, townhouses, and even newly built homes, can help give you more to choose from. Plus, if you’re able to work fully remote or hybrid, you may be able to consider areas you hadn’t previously searched. If you can look further from your place of work, you may have more affordable options.
Source: Keeping Current Matters
PaloA
What's in the
In July, Palo Alto had the market with 1.2 m were 4 new listings an The median sale price overbid was 98.3%. Th market was 38 days. There are 17 condo an providing the market w There was 1 new listin with a median sale pr overbid of 108.9%. Th market was 170 days
d Listings
3M an Sale Price
8 Days on Market
includes all single-family homes, from July 2022 to July 2023. This time the data was gathered. All 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
s
Co
7. Months of Inven
108.9% Median Sale vs
Lis
New
023 Mar2023 Apr2023 May2023 June2023 Jul2023 2023 Mar2023 Apr2023 May2023 June2023 Jul2023 y y
OLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $3 2m last July 2022, to $3m as of July 2023
Condos & Townhomes
The median sales price has increased from $1.7m last July 2022, to $2.3m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 20 days last July 2022, to 38 days as of July 2023
Condos & Townhomes
The average time spent on the market went up from 26 days in July 2022, to 170 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 96% last July 2022, to 98 3% a year later
Condos & Townhomes
The overbid percentage has increased from 98.6% last July 2022, to 108.9% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 200 150 100 50 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Redwood City
What's in the Redwood City data?
In July, Redwood City had 6 single-family homes sold, with a median sale price of $1.9m. The median overbid was 105.1%, and the average time on the market was 33 days. In terms of inventory, 48 homes for sale provided the market with 5 6 months of inventory.
For condos, there was a total of 1 unit sold. The median sale price to $1.2m, and the median overbid to 112.7%. The average time on the market fell to 24 days. There are currently 18 condos for sale, providing the market with 3.5 months of inventory
CONDO
Condo & Townhomes
5 New Listings
1 Sold Listing
3.5 Months of Inventory
$1.2M Median Sale Price
112.7% Median Sale vs List
24 Avg Days on Market
RedwoodCity
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 200 150 100 50 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 60 40 20 0 JULY 2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $2m last July 2022, to $1 9m as of July 2023
Condos & Townhomes
The median sales price has increased from $825k last July 2022, to $1.2m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 26 days last July 2022, to 33 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 46 days in July 2022, to 24 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 101 4% last July 2022, to 105 1% a year later
Condos & Townhomes
The overbid percentage has increased from 97.2% last July 2022, to 112.7% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Portola Valley
What's in the Portola V data?
In July, there were 15 single-family h with 0 new listings and 2 homes sold the market with 13 months of invent median sale price was $3.7m, with a 93 7% The average time spent on th 52 days.
There is no data for condos and tow month.
mes
2 Sold Listings
$3.7M edian Sale Price
52 g Days on Market
etrics, includes all single-family homes, above from July 2022 to July 2023. This from the time the data was gathered. All DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
No Data For This Month
PortolaValley
Single-Family Homes
Last 12 months, year-over-year.
LISTINGS FOR SALE SOLD LISTINGS No Data For This Month.
Condos & Townhomes
Last 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 40 30 20 10 0 100 75 50 25 0
JULY 2022 - JULY 2023
Median SalesPrice
Single-Family Homes
The median sales price has increased from $3 3m last July 2022, to $3 7m as of July 2023
Condos & Townhomes
No Data For This Month.
Overbids
Single-Family Homes
The overbid percentage has decreased from 96 5% last July 2022, to 93 7% a year later
Condos & Townhomes
No Data For This Month.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 10 days last July 2022, to 52 days as of July 2023
Condos & Townhomes
No Data For This Month
Back
of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $7,500,000 $5,000,000 $2,500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 150 100 50 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
to Table
MenloPark
What's in the Menlo Park data?
The real estate market in Menlo Park saw 6 new listings, and 4 homes were sold for a median price of $2m. This provided the market with 12 months of inventory. The median overbid was 99.6%, and the average time spent on the market was 42 days.
The condo market had 2 new listings, and 1 unit was sold for a median price of $1 6m, providing the market with 15 months of inventory. There was a median overbid of 103.3%. The average time spent on the market was 30 days.
SFH Single-Family Homes
6 New Listings
4 Sold Listings
12 Months of Inventory
$2M Median Sale Price
99.6% Median Sale vs List
42 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
2 New Listings
1 Sold Listing
15 Months of Inventory
$1.6M Median Sale Price
103.3% Median Sale vs List
30 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 125 100 75 50 25 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 40 30 20 10 0 JULY
MenloPark
2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $3 9m last July 2022, to $2m as of July 2023
Condos & Townhomes
The median sales price has increased from $1.5m last July 2022, to $1.6m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 21 days last July 2022, to 42 days as of July 2023
Condos & Townhomes
The average time spent on the market went up from 13 days in July 2022, to 30 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 101 2% last July 2022, to 99 6% a year later
Condos & Townhomes
The overbid percentage has decreased from 103.9% last July 2022, to 103.3% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 200 150 100 50 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Ath
What's in
In July, Athert sale, providing inventory. The sold for a med overbid of 91. market was 1
There is no da month
$2.7M Median Sale Price
Metrics, includes all single-family homes, California Area above from July 2022 to July 2023. This vary from the time the data was gathered. All guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
1 Sold Listing Homes Broker
116 Avg Days on Market
CONDO
Condo & Townhomes
No Data For This Month.
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Atherton Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 60 40 20 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 2 15 1 05 0
JULY 2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $7 6m last July 2022, to $2 7m as of July 2023
Condos & Townhomes
No data for this month.
Overbids
Single-Family Homes
The overbid percentage has decreased from 97 6% last July 2022, to 91 3% a year later
Condos & Townhomes
No data for this month.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 26 days last July 2022, to 116 days as of July 2023
Condos & Townhomes
No data for this month
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125 100 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 100% 75% 50% 25% 0%
LosA
What's in the L
In July, Los Altos had 3 sale, providing the mar inventory. There were homes sold. The medi family homes was $3.6 of 104.9%. The averag 18 days.
The condo market in L inventory with only 10 listings were added, an median sale price for c median overbid percen average time spent on
s
d Listings
3.6M an Sale Price
8 Days on Market
includes all single-family homes, from July 2022 to July 2023. This time the data was gathered. All 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
3 New Listings
2 Sold Listings
8 Months of Inventory
$1.5M Median Sale Price
98.5% Median Sale vs List
1 Avg Day on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
LosAltos Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 125 100 75 50 25 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 25 20 15 10 5 0 JULY
2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $3 8m last July 2022, to $3 6m as of July 2023
Condos & Townhomes
The median sales price has decreased from $2.7m last July 2022, to $1.5m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 26 days in July 2022, to 18 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 37 days in July 2022, to 1 day as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 100 1% last July 2022, to 104 9% a year later
Condos & Townhomes
The overbid percentage has decreased from 100.5% last July 2022, to 98.5% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 200 150 100 50 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
SanJo
What's in the
In July, San Jose had sale, providing the ma inventory. There were homes were sold. The single-family homes w overbid was 105.7%. T market for single-fam
There are 164 condo a providing the market w There were 33 new lis The median sale price the median overbid w on the market for con
s
4 d Listings
1.6M an Sale Price
6 Days on Market
includes all single-family homes, from July 2022 to July 2023. This time the data was gathered. All 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
33 New Listings
Median Sale vs List
Condo & Townhomes
4.3 Months of Inventory $1M Median Sale Price 103.2%
24 Avg Days on Market 19 Sold Listings CONDO
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 1500 1000 500 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 750 500 250 0 JULY 2022 - JULY 2023
SanJose
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $1 4m last July 2022, to $1 6m as of July 2023
Condos & Townhomes
The median sales price has increased from $841k last July 2022, to $1m as of July 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 24 days in July 2022, to 16 days as of July 2023.
Condos & Townhomes
The average time spent on the market went down from 27 days in July 2022, to 24 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 98 5% last July 2022, to 105 7% a year later
Condos & Townhomes
The overbid percentage has increased from 100.8% last July 2022, to 103.2% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 50 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Mounta View
What's in the Moun data?
In July, Mountain View had 21 providing the market with 2 m There were 7 new listings add was sold with a median sale p median overbid was 106 7%, a on the market was 18 days.
There were 32 condo and tow sale, providing the market wit inventory. 10 new listings wer of 2 condos were sold with a $1.6m. The median overbid w average time on the market w
omes
1 Sold Listing
$2.4M Median Sale Price
18 Avg Days on Market
Broker Metrics, includes all single-family homes, Area above from July 2022 to July 2023. This vary from the time the data was gathered. All guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
10 New Listings
2 Sold Listings
4.3 Months of Inventory
$1.6M Median Sale Price
101.1% Median Sale vs List
27 Avg Days on Market
y y
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $2 5m last July 2022, to $2 4m as of July 2023
Condos & Townhomes
The median sales price has increased from $1.2m last July 2022, to $1.6m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 26 days in July 2022, to 18 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 34 days in July 2022, to 27 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 100 5% last July 2022, to 106 7% a year later
Condos & Townhomes
The overbid percentage has decreased from 101.6% last July 2022, to 101.1% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Sa Co
What' data?
In July, S for sale, p inventory of 278 ho single-fam overbid fo average t There we sale, prov market. T a total of $923k Th average t
Msingle-family homes, July 2023. This gathered. All KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
et
CONDO
Condo & Townhomes
117 New Listings
88 Sold Listings
1.9 Months of Inventory
$923K Median Sale Price
100.8% Median Sale vs List
33 Avg Days on Market
teo 2 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 -year. y -year SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has remained at $1 8m since July 2022
Condos & Townhomes
The median sales price has increased from $897k last July 2022, to $923k as of July 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 101 3% last July 2022, to 101 8% a year later
Condos & Townhomes
The overbid percentage has increased from 100.2% last July 2022, to 100.8% a year later.
Single-Family Homes
The average time spent on the market has remained at 20 days since July 2022
Condos & Townhomes
The average time spent on the market went up from 26 days in July 2022, to 33 days as of July 2023
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
SantaClara County
What's in the Santa Clara County data?
Santa Clara had 620 single-family homes for sale in July, providing the market with 1 month of inventory. In July, there were 688 new listings and a total of 606 homes sold, with a median sale price of $1 7m The median overbid was 104 4%, and the average time on the market was 17 days.
There are currently a total of 290 condo and townhouse units for sale, providing the market with 1.1 months of inventory. There were 359 new listings for sale and a total of 314 units sold with a median sale price of $961k. The median overbid was 101 7%, and the average time on the market was 24 days.
mily Homes
606 Sold Listings
ry
4% st
$1.7M Median Sale Price
17 Avg Days on Market
InfoSparks and Broker Metrics, includes all single-family homes, the California Area above from July 2022 to July 2023. This data, and may vary from the time the data was gathered. All not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
35 New L 1 Months of Inv
101.7 Median Sale
raCounty Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 y y SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has remained at $1 7m since July 2022
Condos & Townhomes
The median sales price has increased from $950k last July 2022, to $961k as of July 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 100% last July 2022, to 104 4% a year later
Condos & Townhomes
The overbid percentage has increased from 100.3% last July 2022, to 101.7% a year later.
Single-Family Homes
The average time spent on the market went down from 22 days last July 2022, to 17 days as of July 2023
Condos & Townhomes
The average time spent on the market went up from 21 days in July 2022, to 24 days as of July 2023
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Monterey County
What's in the Monterey County data?
In July, Monterey had 370 single-family homes on the market, providing 6 months of inventory. There were 57 new listings and 22 homes sold, with a median sale price of $912k and a median overbid of 95 9%, and the average time on the market decreased to 56 days.
There were 41 condo and townhome units available for sale, providing the market with 3.1 months of inventory. There were 5 new listings and 4 condos sold, with a median sale price of $1.1m and a median overbid of 98.4%. The average time on the market remained relatively stable at 45 days.
SFH Single-Family Homes
57 New Listings
22 Sold Listings
6 Months of Inventory
$912K Median Sale Price
95.9% Median Sale vs List
56 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
5 New Listings
4 Sold Listings
3.1 Months of Inventory
$1.1M Median Sale Price
98.4% Median Sale vs List
45 Avg Days on Market
y y
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $916k last July 2022, to $912k as of July 2023
Condos & Townhomes
The median sales price has increased from $750k last July 2022, to $1.1m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 34 days last July 2022, to 56 days as of July 2023
Condos & Townhomes
The average time spent on the market went up from 22 days in July 2022, to 45 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 98 1% last July 2022, to 95 9% a year later
Condos & Townhomes
The overbid percentage has decreased from 100.1% last July 2022, to 98.4% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
SantaCruz County
What's in the Santa Cruz County data?
In July, Santa Cruz had 303 single-family homes for sale, providing the market with 8.9 months of inventory. There were 37 new listings added, and a total of 21 homes sold. The median sale price was $1 2m, and the median overbid was 96 4% The average time on the market was 40 days.
There were 48 condo and townhome units for sale, providing 3.6 months of inventory for the market. There were 7 new listings for sale, and a total of 4 condos were sold. The median sale price for condos was $930k, with a median overbid of 99 4% The average time on the market was 16 days.
SFH Single-Family Homes
37 New Listings
21 Sold Listings
8.9 Months of Inventory
$1.2M Median Sale Price
96.4% Median Sale vs List
40 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
7 New Listings
of
Median Sale Price
Median Sale vs List
3.6 Months
Inventory $930K
99.4%
16 Avg Days on Market
Condo & Townhomes
4 Sold Listings CONDO
Last
Last 12 months, year-over-year
SantaCruzCounty Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 600 400 200 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 150 100 50 0 JULY 2022 - JULY 2023 Single-Family Homes
12
year-over-year.
& Townhomes
months,
Condos
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has remained at $1 2m since July 2022
Condos & Townhomes
The median sales price has increased from $745k last July 2022, to $930k as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 32 days last July 2022, to 40 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 27 days in July 2022, to 16 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 99 1% last July 2022, to 96 4% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.4% last July 2022, to 99.4% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 80 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
East PaloAlto
What's in the East Palo Alto data?
In July, East Palo Alto had 9 single-family homes for sale, providing the market with 8 months of inventory. 2 new listings were added, and 1 home was sold for a median of $1.6m. The average time on the market was 11 days, with a median overbid of 103.2%.
There were only 3 condo and townhouse units for sale, providing the market with no inventory, and no new listings were added or sold in July. The average time spent on the market was 0 days.
SFH Single-Family Homes
2 New Listings
1 Sold Listing
8 Months of Inventory
$1.6M Median Sale Price
103.2% Median Sale vs List
11 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
No Data For This Month.
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 40 30 20 10 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 8 6 4 2 0 JULY
EastPaloAlto
2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $1 2m last July 2022, to $1 6m as of July 2023
Condos & Townhomes
The median sales price has decreased from $947k last July 2022, to $0 as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 29 days last July 2022, to 11 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 12 days in July 2022, to 0 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 94 5% last July 2022, to 103 2% a year later
Condos & Townhomes
The overbid percentage has decreased from 106.7% last July 2022, to 0% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 100 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Sunnyvale
What's in the Sunnyvale data?
Sunnyvale had 39 single-family homes for sale in July, with 13 new listings, resulting in 4.6 months of inventory. The median sale price was $2.2m, and 10 homes were sold with a median overbid of 108.8% and an average of 14 days spent on the market.
There were 16 condo and townhouse units for sale, with 5 new listings, providing the market with 6.5 months of inventory. The median sale price for condos was $1.5m, and 5 condos were sold with a median overbid percentage of 103.7%. The average time spent on the market was 25 days.
SFH Single-Family Homes
13 New Listings
10 Sold Listings
4.6 Months of Inventory
$2.2M Median Sale Price
108.8% Median Sale vs List
14 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
5 New Listings
5 Sold Listings
6.5 Months of Inventory
$1.5M Median Sale Price
103.7% Median Sale vs List
25 Avg Days on Market
TINGS FOR SALE SOLD LISTINGS
-Family Homes
2 months, year-over-year.
s & Townhomes
2 months, year-over-year
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023
unnyvale
JULY 2022 - JULY 2023
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $2 3m last July 2022, to $2 2m as of July 2023
Condos & Townhomes
The median sales price has increased from $1.2m last July 2022, to $1.5m as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 28 days in July 2022, to 14 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 34 days in July 2022, to 25 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 101% last July 2022, to 108 8% a year later
Condos & Townhomes
The overbid percentage has increased from 101.5% last July 2022, to 103.7% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
SantaClara City
What's in the Santa Clara City data?
In July, Santa Clara had a total number of 27 single-family homes for sale, providing 11.5 months of inventory. There were 10 new listings and 10 homes sold, with a median sale price of $1 7m and a median overbid of 108 7% There was an average of 32 days spent on the market.
There were 17 units for sale, providing 7 months of inventory. There were 4 new listings and 2 condo units sold, with a median price of $735k and a median overbid of 104%. The average time spent on the market decreased to 12 days.
4
New Listings
S
vs
o
Condo & Townho
7 Months of Inventory $73 Median
104% Median Sale
List Avg Days
Sold COND
City Apr2023 May2023 June2023 Jul2023 Apr2023 May2023 June2023 Jul2023 y y ISTINGS
Median SalesPrice
Single-Family Homes
The median sales price has increased from $1 6m last July 2022, to $1 7m as of July 2023
Condos & Townhomes
The median sales price has decreased from $760k last July 2022, to $735k as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 20 days last July 2022, to 32 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 24 days in July 2022, to 12 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has increased from 100% last July 2022, to 108 7% a year later
Condos & Townhomes
The overbid percentage has increased from 101% last July 2022, to 104% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 60 40 20 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
Saratoga
What's in the Saratoga data?
In July, Saratoga had 30 single-family homes for sale, providing the market with 29 months of inventory. There were 5 new listings, and a total of 1 home was sold for a sale price of $4m. The median overbid was 82.5%, and the average time spent on the market was 19 days.
There were 3 condo and townhome units for sale, providing 0 months of inventory to the market There was 1 new listing for sale and a total of 0 condos sold, with a median sale price of $0. The median overbid was 0%, and the average time on the market was 0 days.
Median Sale Price 1 Sold Listing Homes and Broker Metrics, includes all single-family homes, California Area above from July 2022 to July 2023. This may vary from the time the data was gathered. All guaranteed. DRE# 01511642. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated. 19 Avg Days on Market
$4M
Saratoga
JULY 2022 - JULY 2023
LISTINGS FOR SALE SOLD LISTINGS
ingle-Family Homes ast 12 months, year-over-year.
ondos & Townhomes ast 12 months, year-over-year
Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023
Median SalesPrice
Single-Family Homes
The median sales price has increased from $3 1m last July 2022, to $4m as of July 2023
Condos & Townhomes
The median sales price has decreased from $1.4m last July 2022, to $0 as of July 2023.
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 32 days last July 2022, to 19 days as of July 2023
Condos & Townhomes
The average time spent on the market went down from 52 days in July 2022, to 0 days as of July 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 96 6% last July 2022, to 82 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 85.4% last July 2022, to 0% a year later.
Back to Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125 100 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%
505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto :
