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Margaret Hoogerbeets - Peninsula Estates | July 2023 Market Report

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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

Jump to Hillsborough Report

Millbrae

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Jump to Pacifica Report

San Bruno

Jump to San Bruno Report

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 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.

TwoQuestionsToAsk YourselfifYou’reConsidering BuyingaHome

If you’re considering buying a home, chances are you’re paying attention to almost everything you hear about the housing market. And you’re getting your information from various channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot.

To help cut through the noise and give you the information you need most, look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you decide.

San Francisco County

What's in the San Francisco County data?

There were 59 single-family homes for sale, providing 1.4 months of inventory. There were 23 new listings and 19 homes sold at a median sale price of $1.2m. The median overbid percentage was 104.7%, averaging 21 days on the market.

There were 82 condo and townhome units for sale, providing 5 2 months of inventory There were 21 new listings, and 12 units sold at a median sale price of $840k. The median overbid percentage was 97%, with an average of 34 days on the market.

Single-Family Homes

23 New Listings

19 Sold Listings

1.4 Months of Inventory

$1.2M Median Sale Price

104.7% Median Sale vs List

21 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2022 to June 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

21

SanFranciscoCounty

JUNE 2022 - JUNE 2023

Single-Family Homes

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 $1 6m last June 2022, to $1 2m as of June 2023

Condos & Townhomes

The median sales price has decreased from $1.2m last June 2022, to $840k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last June 2022, to 21 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 46 days in June 2022, to 34 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 111 9% last June 2022, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.5% last June 2022, to 97% a year later.

SanMateo County

What's in the San Mateo County data?

There were 760 single-family homes for sale, providing 1.5 months of inventory. There were 350 new listings, and 331 homes sold at a median sale price of $2m. The median overbid percentage was 98 5%, averaging 26 days on the market

There were 253 condo and townhome units for sale, providing 1.8 months of inventory. There were 107 new listings, and 89 units sold at a median sale price of $995k. The median overbid percentage was 102.4%, with an average of 26 days on the market.

SanMateoCounty

JUNE 2022 - JUNE 2023

Single-Family Homes

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 $2 1m last June 2022, to $2m as of June 2023

Condos & Townhomes

The median sales price has increased from $988k last June 2022, to $995k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last June 2022, to 26 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 29 days in June 2022, to 26 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 2% last June 2022, to 98 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.2% last June 2022, to 102.4% a year later.

Burlingame

What's in the Burlingame data?

There were 40 single-family homes for sale, providing 1.9 months of inventory. There were 21 new listings and 18 homes sold at a median sale price of $2.4m. The median overbid percentage was 100.1%, averaging 24 days on the market.

There were 7 condo and townhome units for sale, providing 2.5 months of inventory. There were 3 new listings, and 3 units sold at a median sale price of $1.4m. The median overbid percentage was 100.2%, averaging 53 days on the market.

Single-Family Homes

21 New Listings

18 Sold Listings

1.9 Months of Inventory

$2.4M Median Sale Price

100.1%

Median Sale vs List

24 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2022 to June 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

JUNE 2022 - JUNE 2023

Single-Family Homes

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 $3 5m last June 2022, to $2 4m as of June 2023

Condos & Townhomes

The median sales price has increased from $997k last June 2022, to $1.4m as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last June 2022, to 24 days as of June 2023

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2022, to 53 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 110% last June 2022, to 100 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 102% last June 2022, to 100.2% a year later.

DalyCity

What's in the Daly City data?

There were 29 single-family homes for sale, providing 1.3 months of inventory. There were 19 new listings and 16 homes sold at a median sale price of $1m. The median overbid percentage was 108.2%, with an average of 9 days on the market.

There were 12 condo and townhome units for sale, providing 0.8 months of inventory. There were 5 new listings, and 4 units sold at a median sale price of $599k. The median overbid percentage was 106.9%, with an average of 28 days on the market.

DalyCity

JUNE 2022 - JUNE 2023

ngle-Family Homes

ast 12 months, year-over-year.

ondos & Townhomes

ast 12 months, year-over-year LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sales price has decreased from $845k last June 2022, to $599k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last June 2022, to 9 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 91 days in June 2022, to 28 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 113% last June 2022, to 108 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 107.2% last June 2022, to 106.9% a year later.

FosterCity

What's in the Foster City dat

There were 18 single-family homes for sale, providing 1.8 months of inventory. There wer new listings and 7 homes sold at a median s price of $2.6m. The median overbid percenta was 103.4%, averaging 24 days on the marke

There were 30 condo and townhome units fo sale, providing 12 months of inventory. There 15 new listings, and 12 units sold at a media price of $1.3m. The median overbid percenta was 109.1%, with an average of 12 days on th market.

15 New Listings

Listings

12

$1.3M

FosterCity

JUNE 2022 - JUNE 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 4m last June 2022, to $2 6m as of June 2023

Condos & Townhomes

The median sales price has increased from $1m last June 2022, to $1.3m as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 39 days last June 2022, to 24 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 21 days in June 2022, to 12 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 105% last June 2022, to 103 4% a year later

Condos & Townhomes

The overbid percentage has increased from 108.1% last June 2022, to 109.1% a year later.

HalfMoon Bay

What's in the Half Moon Bay data?

There were 20 single-family homes for sale, providing 0.9 months of inventory. There were 11 new listings and 14 homes sold at a median sale price of $2m. The median overbid percentage was 101 2%, with an average of 34 days on the market

There were 6 condo and townhome units for sale, providing 1.5 months of inventory. There were 4 new listings, and 0 units sold at a median sale price of $0. The median overbid percentage was 0%, with an average of 18 days on the market.

4 New Listings

0 Sold Listings

1.5

Months of Inventory $0

Median Sale Price 0%

Median Sale vs List 18 Avg Days on Market

HalfMoonBay

JUNE

- JUNE 2023

ngle-Family Homes ast 12 months, year-over-year.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 8m last June 2022, to $2m as of June 2023

Condos & Townhomes

The median sales price has remained at $0 since June 2022.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 10 days last June 2022, to 34 days as of June 2023

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2022, to 18 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 7% last June 2022, to 101 2% a year later

Condos & Townhomes

The overbid percentage has remained at 0% since June 2022.

Hillsborough

What's in the Hillsborough data?

There were 52 single-family homes for sale, providing 4 months of inventory There were 17 new listings and 18 homes sold at a median sale price of $5.2m. The median overbid percentage was 94.6%, with an average of 30 days on the market.

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

ngle-Family Homes

7 Listings ths of Inventory

18 Sold Listings

$5.2M Median Sale Price

4.6% ian Sale vs List

30 Avg Days on Market

data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2022 to June 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

Hillsborough

JUNE 2022 - JUNE 2023

LISTINGS FOR SALE SOLD

Single-Family Homes

Last 12 months,

No Data For This Month.

Condos & Townhomes

Last

Single-Family Homes

The median sales price has decreased from $6 1m last June 2022, to $5 2m as of June 2023

Condos & Townhomes

No Data For This Month.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 18 days last June 2022, to 30 days as of June 2023

Condos & Townhomes

No Data For This Month

Overbids

Single-Family Homes

The overbid percentage has decreased from 102 2% last June 2022, to 94 6% a year later

Condos & Townhomes

No Data For This Month.

Millbrae

What's in the Millbrae data?

There were 20 single-family homes for sale, providing 0.9 months of inventory. There were new listings and 10 homes sold at a median s price of $1.7m. The median overbid percentag was 106.1%, with an average of 10 days on th market.

There were 5 condo and townhome units for s providing 0 2 months of inventory There was new listing, and 2 units sold at a median sale of $940k. The median overbid percentage was 102.9%, averaging 49 days on the market.

1 New Listings 0.2 Months of Inventory $94 Media 102.9%

Median Sale vs List Avg Day

n2023

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 2m last June 2022, to $1 7m as of June 2023

Condos & Townhomes

The median sales price has increased from $753k last June 2022, to $940k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 19 days last June 2022, to 10 days as of June 2023

Condos & Townhomes

The average time spent on the market the market went up from 0 days in June 2022, to 49 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 110 7% last June 2022, to 106 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 111.1% last June 2022, to 102.9% a year later.

Pacifica

What's in the Pacifica data?

There were 33 single-family homes for sale, providing 1.2 months of inventory. There were 16 new listings and 17 homes sold at a median sale price of $1.2m. The median overbid percentage was 101.1%, with an average of 16 days on the market.

There were 6 condo and townhome units for sale, providing 1 5 months of inventory There were 4 new listings, and 1 unit sold at a median sale price of $1.1m. The median overbid percentage was 90.2%, with an average of 43 days on the market.

Single-Family Homes

16 New Listings

17 Sold Listings

1.2 Months of Inventory

$1.2M Median Sale Price

101.1% Median Sale vs List

16 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2022 to June 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

4

New Listings

1 Sold Listings

1.5

Months of Inventory

$1.1M Median Sale Price 90.2%

Median Sale vs List

43 Avg Days on Market

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

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last June 2022, to $1 2m as of June 2023

Condos & Townhomes

The median sales price has increased from $885k last June 2022, to $1.1m as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last June 2022, to 16 days as of June 2023

Condos & Townhomes

The average time spent on the market went up from 9 days in June 2022, to 43 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 9% last June 2022, to 101 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.6% last June 2022, to 90.2% a year later.

SanBruno

What's in the San Bruno data?

There were 19 single-family homes for sale, providing 0.4 months of inventory. There were 12 new listings, and 14 homes sold at a median sale price of $1.4m. The median overbid percentage was 106.8%, with an average of 15 days on the market.

There were 12 condo and townhome units for sale, providing 2 7 months of inventory There were 8 new listings, and 7 units sold at a median sale price of $535k. The median overbid percentage was 104%, with an average of 22 days on the market.

Listings

Listings

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 3m last June 2022, to $1 4m as of June 2023

Condos & Townhomes

The median sales price has remained at $535k since June 2022.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 24 days last June 2022, to 15 days as of June 2023

Condos & Townhomes

The average time spent on the market went up from 13 days in June 2022, to 22 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 110% last June 2022, to 106 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.8% last June 2022, to 104% a year later.

San

What's in th

There were 51 sin providing 0.8 mo new listings and 2 price of $2.3m. T was 101.6%, with market.

There were 26 co sale, providing 2 were 7 new listing sale price of $955 percentage was 1 market.

.3M

ale Price tings

on Market

single-family homes, condos and 2023. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 4m last June 2022, to $2 3m as of June 2023

Condos & Townhomes

The median sales price has decreased from $1.3m last June 2022, to $955k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 14 days last June 2022, to 25 days as of June 2023

Condos & Townhomes

The average time spent on the market went up from 16 days in June 2022, to 42 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 6% last June 2022, to 101 6% a year later

Condos & Townhomes

The overbid percentage has increased from 97.9% last June 2022, to 103.4% a year later.

SanMateo

What's in the San Mateo data?

There were 88 single-family homes for sale, providing 0.6 months of inventory. There were 52 new listings, and 40 homes sold at a median sale price of $1.7m. The median overbid percentage was 102.4%, with an average of 18 days on the market.

There were 88 condo and townhome units for sale, providing 2 months of inventory There were 31 new listings and 28 units sold at a median sale price of $878K. The median overbid percentage was 99.4%, with an average of 25 days on the market.

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 2m last June 2022, to $1 7m as of June 2023

Condos & Townhomes

The median sales price has increased from $860k last June 2022, to $878k as of June 2023.

Single-Family Homes

The average time spent on the market went up from 16 days last June 2022, to 18 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 38 days in June 2022, to 25 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 8% last June 2022, to 102 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.6% last June 2022, to 99.4% a year later.

SouthSan Francisco

What's in the South San Francisco data?

There were 23 single-family homes for sale, providing 0.8 months of inventory. There were 16 new listings, and 13 homes sold at a median sale price of $1.2m. The median overbid percentage was 106 2%, with an average of 10 days on the market.

There were 3 condo and townhome units for sale, providing 1 month of inventory. There was 1 new listing, and 3 unit sold at a median sale price of $845k. The median overbid percentage was 106.1%, with an average of 12 days on the market.

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sales price has increased from $760k last June 2022, to $845k as of June 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last June 2022, to 10 days as of June 2023

Condos & Townhomes

The average time spent on the market went down from 16 days in June 2022, to 12 days as of June 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 111 4% last June 2022, to 106 2% a year later

Condos & Townhomes

The overbid percentage has increased from 105.4% last June 2022, to 106.1% a year later.

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