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Market report for Peninsula Estates area June 2023

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Peninsula Estates

San Francisco County

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San Mateo County

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Burlingame

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Daly City

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Foster City

Jump to Foster City Report

Half Moon Bay

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Hillsborough

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Millbrae

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Jump to Pacifica Report

San Bruno

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San Carlos

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San Mateo

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South San Francisco

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What’syourhome reallyworthin today’smarket?

That's really 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. At the end of the day, 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.

TheTrueValueof Homeownership

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

S F C

Wh Cou There provi new price was mark There sale, were sale was mark

2M rice s Market

condominium sales in San City, Half Moon Bay, Mateo, and South San sources deemed reliable reserved. Each Office Is

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 4m last May 2022, to $1 2m as of May 2023

Condos & Townhomes

The median sales price has increased from $848k last May 2022, to $1m as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last May 2022, to 36 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 37 days in May 2022, to 56 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 113% last May 2022, to 95% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last May 2022, to 97.6% a year later.

Sa Co

What' data?

There we providing new listin price of $ 100 7%, There we sale, pro were 108 average was 101 market.

sales in San Half Moon Bay, and South San deemed reliable Each Office Is et

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 2m last May 2022, to $2m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1m last May 2022, to $915k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last May 2022, to 22 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 17 days in May 2022, to 20 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 5% last May 2022, to 100 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 107.2% last May 2022, to 101.9% a year later.

Bu

What'

There we providing new listin $2.8m. T 98.9%, wi

There we providing new listin of $1.3m 104.2%, w

sales in San Half Moon Bay, South San deemed reliable Each Office Is et

Last 12 months, year-over-year. Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $3m last May 2022, to $2 8m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1.4m last May 2022, to $1.3m as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 8 days last May 2022, to 16 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 26 days in May 2022, to 14 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 8% last May 2022, to 98 9% a year later

Condos & Townhomes

The overbid percentage has increased from 96.5% last May 2022, to 104.2% a year later.

DalyCit

What's in the Daly Cit

There were 32 single-family home providing 0.4 months of inventory new listings, and 21 homes sold f $1.2m. The median overbid perce 107.8%, with an average of 14 da

There were 9 condo and townhom providing 2 months of inventory. listings, and 5 units sold at an ave The median overbid percentage w an average of 6 days on the mark

2M le Price ngs

condominium sales in San Foster City, Half Moon Bay, Mateo, and South San sources deemed reliable reserved. Each Office Is on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 3m last May 2022, to $1 2m as of May 2023

Condos & Townhomes

The median sales price has decreased from $812k last May 2022, to $665k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 16 days last May 2022, to 14 days as of May 2023

Condos & Townhomes

The average time spent on the market went down from 11 days in May 2022, to 6 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 112 3% last May 2022, to 107 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 113.1% last May 2022, to 103.2% a year later.

FosterCity

What's in the Foster City dat

There were 22 single-family homes for sale, providing 0.9 months of inventory. There we new listings, and 10 homes sold for an avera $2.3m. The median overbid percentage was 103.8%, with an average of 15 days on the m

There were 26 condo and townhome units fo sale, providing 1.4 months of inventory. Ther were 16 new listings, and 9 units sold for an average of of $1.3m. The median overbid percentage was 99.6%, with an average of 13 on the market.

e-Family Homes

ngs

9 f Inventory

10 Sold Listings

$2.3M Median Sale Price

3.8% ale vs List

15 Avg Days on Market

includes all single-family homes, townhome, and condominium sales in San unty, San Mateo County, Burlingame, Daly City, Foster City, Half Moon Bay, Millbrae, Pacifica, San Bruno, San Carlos, San Mateo, and South San sourced from Broker Metrics on June 5th. Data from sources deemed reliable errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01906450.

Condo & Townh

New Listings 1.4 Months of Inventory $1.3 Median S 99.6%

Median Sale vs List Avg Days o Sold

sterCity

Townhomes onths,

Single-Family Homes

The median sales price has remained at $2 3m since May 2022

Condos & Townhomes

The median sales price has remained at $1.3m since May 2022.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last May 2022, to 15 days as of May 2023

Condos & Townhomes

The average time spent on the market went down from 15 days in May 2022, to 13 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 3% last May 2022, to 103 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 109.7% last May 2022, to 99.6% a year later.

HalfMoon Bay

What's in the Half Moon Bay data?

There were 22 single-family homes for sale, providing 0.6 months of inventory. There we new listings, and 8 homes sold for an averag $1.6m. The median overbid percentage was 90 1%, with an average of 17 days on the ma

There were 4 condo and townhome units for providing 1 month of inventory. There were 4 listings, and 3 units sold for an average of $7 The median overbid percentage was 99.3%, an average of 10 days on the market.

e-Family Homes

ngs

8 Sold Listings

6 f Inventory

$1.6M Median Sale Price .1% ale vs List

17 Avg Days on Market

includes all single-family homes, townhome, and condominium sales in San unty, San Mateo County, Burlingame, Daly City, Foster City, Half Moon Bay, Millbrae, Pacifica, San Bruno, San Carlos, San Mateo, and South San sourced from Broker Metrics on June 5th. Data from sources deemed reliable errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01906450.

Median SalesPrice

Single-Family Homes

The median sales price remained from $1 6m last May 2022, to $1 6m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1m last May 2022, to $705k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last May 2022, to 17 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 0 days in May 2022, to 10 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 109 5% last May 2022, to 90 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.7% last May 2022, to 99.3% a year later.

Hillsborough

What's in the Hillsborough data?

There were 47 single-family homes for sale, providing 2 8 months of inventory There were 16 new listings, and 7 homes sold for an average of $4.7m. The median overbid percentage was 86.9%, with an average of 44 days on the market.

There was no data for condo or townhome units this month.

Msales in San Moon Bay, South San deemed reliable Office Is

Hillsborough

MAY 2022 - MAY 2023

LISTINGS FOR SALE SOLD

Single-Family Homes

Last

No Data For This Month.

Condos & Townhomes

Last

Single-Family Homes

The median sales price has decreased from $6 8m last May 2022, to $4 7m as of May 2023

Condos & Townhomes

No Data For This Month.

AVGDays OntheMarket

Single-Family Homes

The average days on market went up from 16 days last May 2022, to 44 days as of May 2023

Condos & Townhomes

No Data For This Month

Overbids

Single-Family Homes

The overbid percentage has decreased from 102 6% last May 2022, to 86 9% a year later

Condos & Townhomes

No Data For This Month.

MWhat' There we providing new listin $2m. The with an a There we providing listings, a The med an averag

sales in San Half Moon Bay, South San deemed reliable Each Office Is et

2 New Listings

3 Sold Listings

3 Months of Inventory

Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 5m last May 2022, to $2m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1m last May 2022, to $950k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last May 2022, to 13 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 5 days in May 2022, to 7 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 113 4% last May 2022, to 102 8% a year later

Condos & Townhomes

The overbid percentage has increased from 96.9% last May 2022, to 108.1% a year later.

Pacifi

What's in the

There were 34 singleproviding 1 month of listings, and 18 home $1.3m. The median ov 104.7%, with an avera

There were 3 condo a providing 2 months of listings, but 3 units so The median overbid p an average of 67 days

8 d Listings s

1.3M an Sale Price

6 Days on Market

townhome, and condominium sales in San Daly City, Foster City, Half Moon Bay, Carlos, San Mateo, and South San Data from sources deemed reliable All rights reserved. Each Office Is

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 5m last May 2022, to $1 3m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1m last May 2022, to $780k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last May 2022, to 36 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 7 days in May 2022, to 67 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 113 3% last May 2022, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 108.8% last May 2022, to 95.7% a year later.

SanB

What's in th

There were 26 sing providing 0.3 mon new listings, and 1 $1.4m. The media 105.3%, with an av

There were 9 cond providing 0.3 mon new listings, and 3 $490k. The median 107.6%, with an av

San Bay, San reliable Is

Months of Inven

Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 5m last May 2022, to $1 4m as of May 2023

Condos & Townhomes

The median sales price has decreased from $545k last May 2022, to $490k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 12 days last May 2022, to 10 days as of May 2023

Condos & Townhomes

The average time spent on the market went down from 17 days in May 2022, to 14 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 113 9% last May 2022, to 105 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.9% last May 2022, to 107.6% a year later.

SanCarlos

What's in the San Carlos data?

There were 62 single-family homes for sale, providing 1.3 months of inventory. There were 37 new listings, and 24 homes sold for an average of $2.4m. The median overbid percentage was 104.8%, with an average of 11 days on the market.

There were 30 condo and townhome units for sale, providing 1.3 months of inventory. There were 20 new listings, and 12 units sold for an average of $884k. The median overbid percentage was 98.9%, with an average of 12 days on the market.

Single-Family Homes

37 New Listings

24 Sold Listings

1.3 Months of Inventory

$2.4M Median Sale Price

104.8% Median Sale vs List

11 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in San Francisco County, San Mateo County, Burlingame, Daly City, Foster City, Half Moon Bay, Hillsborough, Millbrae, Pacifica, San Bruno, San Carlos, San Mateo, and South San Francisco sourced from Broker Metrics on June 5th. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01906450.

SanCarlos

Single-Family Homes

Last 12 months, year-over-year. Condos & Townhomes

Last

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 9m last May 2022, to $2 4m as of May 2023

Condos & Townhomes

The median sales price has decreased from $1.1m last May 2022, to $884k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained from 11 days last May 2022, to 11 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 10 days in May 2022, to 12 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 111 2% last May 2022, to 104 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 110.4% last May 2022, to 98.9% a year later.

SanMateo

What's in the San Mateo data?

There were 75 single-family homes for sale, providing 0.9 months of inventory. There were 46 new listings, and 35 homes sold for an average of $2.1m. The median overbid percentage was 104.8%, with an average of 15 days on the market.

There were 84 condo and townhome units for sale, providing 2.2 months of inventory. There were 27 new listings, and 22 units sold for an average of $892k. The median overbid percentage was 101.7%, with an average of 34 days on the market.

sales in San Moon Bay, South San deemed reliable Each Office Is t

Median SalesPrice

Single-Family Homes

The median sales price remained from $2 1m last May 2022, to $2 1m as of May 2023

Condos & Townhomes

The median sales price has decreased from $985k last May 2022, to $892k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last May 2022, to 15 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 22 days in May 2022, to 34 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 114% last May 2022, to 104 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.4% last May 2022, to 101.7% a year later.

SouthSan Francisco

What's in the South San Francisco data?

There were 18 single-family homes for sale, providing 0.7 months of inventory. There were 9 new listings, and 7 homes sold for an average of $1.1m. The median overbid percentage was 106 4%, with an average of 15 days on the market

There were 5 condo and townhome units for sale, providing 0.2 months of inventory. There were 3 new listings, and 3 units sold for an average of $765k. The median overbid percentage was 106.9%, with an average of 10 days on the market.

1.1M n Sale Price

Listings and condominium sales in San City, Foster City, Half Moon Bay, Carlos, San Mateo, and South San from sources deemed reliable rights reserved. Each Office Is

5 ys on Market

of Inven

Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last May 2022, to $1 1m as of May 2023

Condos & Townhomes

The median sales price has decreased from $952k last May 2022, to $765k as of May 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 19 days last May 2022, to 15 days as of May 2023

Condos & Townhomes

The average time spent on the market went up from 9 days in May 2022, to 10 days as of May 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 2% last May 2022, to 106 4% a year later

Condos & Townhomes

The overbid percentage has increased from 106.6% last May 2022, to 106.9% a year later.

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Market report for Peninsula Estates area June 2023 by Procasa Technologies, Inc - Issuu