August 2023 Market Report | Sarah Parsons

Page 1

SF BAY AREA AND SILICON VALLEY

Atherton

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Belmont

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Burlingame

Jump to Burlingame Report

Foster City

Jump to Foster City Report

Hillsborough

Jump to Hillsborough Report

Menlo Park

Jump to Menlo Park Report

Palo Alto

Jump to Palo Alto Report

Portola Valley

Jump to Portola Valley Report

Redwood City

Jump to Redwood City Report

San Carlos

Jump to San Carlos County

Jump to San Mateo County Report

Santa Clara County

Jump to Santa Clara County Report

Woodside

Jump to Woodside Report

A local Bay Area Pioneer- Sarah is the 5th Generation in San Mateo County She began her career over 30 years ago as the owner and operator of her own real estate company Then went onto opening two Century 21 franchises, followed by opening a RE/MAX franchise.

She earned the prestigious “Centurion” and “Platinum” top producer awards. Both of these awards acknowledge Sarah’s accomplishments that lead her to ranking in the top 1% of Sales Professionals Nationwide

In addition to her vast real estate experience, and successfully closing over 575 sales in her career she also has background and experience in interior design, construction and remodeling. Sarah has built 2 custom luxury homes, as well as...

Each office is independently owned and operated ABOUT
SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor com www.sarahparsons.biz “Persistence in Spite of All Obstacles Equals Success!” Check out my website here 1430 Howard Ave , Burlingame, CA. 94010
ME
PROUDLY
SERVING THE SF BAY AREA AND SILICON VALLEY

Client Testimonials

Sarah advised us on what truly needed to be done to get the most 'bang' for our dollar. She sold our house in 13 days, with 4 bids all over asking price. It closed in 21 days and we were super happy with her skills to accomplish this in such a short period of time Our house sold for $116,000 Over the last sale in our neighborhood, on the market for only 14 days, Closed escrow in 21 days!

Thank you so much for making a 20 year dream of mine come true! When I tell people that we found our home, put in a bid and the bid was accepted (in one day)

UNDER ASKING PRICE all they could say was ”WOW, in this market, I can’t believe it. Truly I don’t think I could have done this without your support, you had some amazing tricks up your sleeve! Glad you were referred to us!”

-Laura and David

What a pleasure it has been working with you in the sale of our home. We had been listed with another brokerage with no results but were pleasantly surprised at how efficient your system was You made the entire process seem so easy compared to what we previously experienced! We thank you and your team! Please stay in touch with us.

For more testimonials, click here

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I am dedicated to maintaining a long-term business relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen Schedule
Book a consultation here Let’s Talk Sarah Parsons (650) 898-4863 sarahparsons@realtor.com Let’s Meet 1430 Howard Ave., Burlingame, CA 94010
A Meeting Work with Sarah Parsons
I can help... Contact me for a confidential, no obligation assessment of your home's value. 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? What’s your home really worth in today’s market? SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave , Burlingame, CA 94010

Sellers: Don’t Let These Two Things Hold You Back

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% .

Ath

What's i data?

In July, Athe for sale, prov months of in added, 1 hom $2.7m, and a average tim days. There is no d this month.

1 Sold Listing

$2.7M Median Sale Price

116 Avg Days on Market

and Broker Metrics, includes all singlemes in the California Area above from July preliminary data, and may vary from the a is deemed reliable but not guaranteed ors San Francisco | Napa Valley 2023 Each perated

y Homes

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 Sales Price

Single-Family Homes

The median sales price has decreased from $76m last July 2022, to $27m 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 913% a year later

Condos & Townhomes

No data for this month

AVG Days On the Market

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
Table of Contents Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 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%
to

Belmon

What's in the Be data?

In July, Belmont had 27 sin for sale, providing the mar months of inventory. Ther listings added, 7 homes so price of $2.3m, and a med 106.1%. The average time s market was 14 days.

There is no data for condo this month.

Homes

7 Sold Listings

$2.3M Median Sale Price

14 Avg Days on Market

and Broker Metrics, includes all singlees in the California Area above from July preliminary data, and may vary from the is deemed reliable but not guaranteed rs San Francisco | Napa Valley 2023 Each perated

CON

Condo & Townh

No Data For This Month.

23 2023 ,
y y

Median Sales Price

Single-Family Homes

The median sales price has decreased from $76m last July 2022, to $27m 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 913% a year later

Condos & Townhomes

No data for this month

Back to Table of Contents

AVG Days On the Market

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

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023June2023 Jul2023 125% 100% 75% 50% 25% 0%

Burlingame

What's in the Burlingame data?

There were 31 single-family homes for sale, providing 28 months of inventory There were 6 new listings and 1 home sold at a median sale price of $2.8m. The median overbid percentage was 96.7%, averaging 15 days on the market.

There were 5 condo and townhome units for sale, providing 0 months of inventory. There were 0 new listings, and 0 units sold at a median sale price of $0. The median overbid percentage was 0%, averaging 0 days on the market.

SFH Single-Family Homes

6 New Listings

1 Sold Listing

28 Months of Inventory

$2.8M Median Sale Price

96.7% Median Sale vs List

15 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area 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# 01906450

Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023 Each office is independently owned and operated

No data for this month.

JULY 2022 - JULY 2023

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 Jun2023 Jul2023 100 75 50 25 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Ju;2023 15 10 5 0 Burlingame
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $32m last July 2022, to $28m as of July 2023

Condos & Townhomes

The median sales price has increased from $600k last July 2022, to $1.4m as of July 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 25 days last July 2022, to 15 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 25 days last July 2022, to 6 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 99.7% last July 2022, to 967% a year later

Condos & Townhomes

The overbid percentage has increased from 1003% last July 2022, to 1026% a year later

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Foster

What's in th data?

There were 14 singl providing 33 mont were 3 new listings median sale price o percentage was 0% the market.

There were 15 cond for sale, providing 1 There were 3 new li a median sale price overbid percentage of 17 days on the m

0
guaranteed DRE# 01906450
| San Mateo 2023 d
ian Sale Price 0 d Listings mes des all single-family homes, m July 2022 to July 2023 This rom the time the data was
rlingame
9 Days on Market
New Listi
1 Months of Inven
Con
0% Median Sale vs

LISTINGS FOR SALE SOLD LISTINGS

2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 . , y y

Median Sales Price

No data this month

No data this month.

Overbids

No data this month.

No data this month.

AVG Days On the Market

The average time spent on the market went up from 20 days last July 2022, to 39 days as of July 2023

The average time spent on the market went down from 23 days in July 2022, to 17 days as of July 2023

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $3,000,000 $2,000,000 $1,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 50 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
No data this month
Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes Back to Table of Contents

Hillsborough

What's in the Hillsborough data?

There were 46 single-family homes for sale, providing 0 months of inventory There were 6 new listings and 1 home sold at a median sale price of $7.3m. The median overbid percentage was 98.7%, with an average of 0 days on the market.

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

FH ngle-Family Homes

w Listings

1 Sold Listing

nths of Inventory

$7.3M Median Sale Price

8.7% dian Sale vs List

0 Avg Days on Market

ata, sourced from Broker Metrics, includes all single-family homes, s and townhomes in the California Area from July 2022 to July 2023 This nclude preliminary data, and may vary from the time the data was ed All data is deemed reliable but not guaranteed DRE# 01906450 ght KW Advisors Peninsula Estates | Burlingame | San Mateo 2023 ffice is independently owned and operated

CONDO

Condo & Townhomes

No Data For This Month.

JULY 2022 - JULY 2023

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 Jun2023 Jul2023 75 50 25 0 100 75 50 25 0 Hillsborough
Data For This Month.
FOR SALE SOLD LISTINGS
No
LISTINGS

Median Sales Price

The median sales price has increased from $53m last July 2022, to $73m as of July 2023

No Data For This Month.

Overbids

The overbid percentage has decreased from 99.2% last July 2022, to 987% a year later

No Data For This Month

AVG Days On the Market

The average time spent on the market went down from 29 days last July 2022, to 0 days as of July 2023

No Data For This Month

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $7,500,000 $5,000,000 $2,500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
& Townhomes
Homes Condos & Townhomes
Homes Condos & Townhomes
Homes Back to Table of Contents
Condos
Single-Family
Single-Family
Single-Family

Menlo Park

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 singlefamily 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

Menlo Park

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 2022
JULY 2023
-
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $39m 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.

AVG Days On the Market

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 996% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.9% last July 2022, to 103.3% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 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%
Back to Table of Contents

Palo A

What's in th data?

In July, Palo Alto ha providing the mark inventory. There we total of 3 homes so was $3m, and the m 98.3%. The average 38 days.

There are 17 condo sale, providing the of inventory. There and 1 condo sold, w $2.3m and a media average time on th

d Listings

8 Days on Market

Metrics, includes all singlealifornia Area above from July data, and may vary from the reliable but not guaranteed cisco | Napa Valley 2023 Each

3M ian Sale Price mes

Con

7. Months of Invent

108.9% Median Sale vs

New List
023 Mar2023 Apr2023 May2023 June2023 Jul2023 2023 Mar2023 Apr2023 May2023 June2023 Jul2023 . , y y
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $32m 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.

AVG Days On the Market

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 983% a year later

Condos & Townhomes

The overbid percentage has increased from 98.6% last July 2022, to 108.9% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 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%
Back to Table of Contents

Portola Va

What's in the Portola data?

In July, there were 15 single-fam sale, with 0 new listings and 2 ho providing the market with 13 m inventory. The median sale price with an overbid of 93.7%. The ave spent on the market was 52 day

There is no data for condos and this month.

omes

2 Sold Listings

$3.7M edian Sale Price

52 vg Days on Market

oker Metrics, includes all singlee California Area above from July nary data, and may vary from the med reliable but not guaranteed rancisco | Napa Valley 2023 Each

CONDO

Condo & Townhomes

No Data For This Month

Portola Valley

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

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 Sales Price

The median sales price has increased from $33m last July 2022, to $37m as of July 2023

No Data For This Month.

Overbids

The overbid percentage has decreased from 96.5% last July 2022, to 937% a year later

No Data For This Month

AVG Days On the Market

The average time spent on the market went up from 10 days last July 2022, to 52 days as of July 2023

No Data For This Month

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 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%
& Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes
to Table of Contents
Condos
Back

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

Redwood City

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 Sales Price

Single-Family Homes

The median sales price has decreased from $2m last July 2022, to $19m as of July 2023

Condos & Townhomes

The median sales price has increased from $825k last July 2022, to $1.2m as of July 2023.

AVG Days On the Market

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 1051% a year later

Condos & Townhomes

The overbid percentage has increased from 97.2% last July 2022, to 112.7% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023June2023 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%
Back to Table of Contents

San

What's in data?

There were 24 s providing 105 m were 4 new list median sale pri overbid percen average of 68 d

There were 17 c for sale, providi There were 0 n a median sale p overbid percen days on the ma

tings

.1M Sale Price

s on Market

s single-family homes, 2022 to July 2023 This he time the data was teed DRE# 01906450 me | San Mateo 2023

0 New Listings

Townhomes

2 Sold Listings

8 Months of Inventory

$1.3M Median Sale Price

102.1% Median Sale vs List

9 Avg Days on Market

CONDO Condo &

JULY 2022 - JULY 2023

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 Jun2023 Jul2023 100 75 50 25 0 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 50 40 30 20 10 0 San
Carlos
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $23m last July 2022, to $21m as of July 2023

Condos & Townhomes

The median sales price has increased from $950k last July 2022, to $1.3m as of July 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 22 days last July 2022, to 68 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 15 days in July 2022, to 9 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 101.3% last July 2022, to 1056% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last July 2022, to 102.1% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

San Mateo

What's in the San Mateo data?

There were 41 single-family homes for sale, providing 4 months of inventory There were 11 new listings, and 17 homes sold at a median sale price of $1.7m. The median overbid percentage was 100.2%, with an average of 12 days on the market.

There were 59 condo and townhome units for sale, providing 18 months of inventory. There were 4 new listings and 2 units sold at a median sale price of $772K. The median overbid percentage was 91%, with an average of 38 days on the market.

SFH Single-Family Homes

11 New Listings

17 Sold Listings

4 Months of Inventory

$1.7M Median Sale Price

100.2% Median Sale vs List

12 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area 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# 01906450

Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023 Each office is independently owned and operated

New Months of In 9 Median Sal C

LISTINGS FOR SALE SOLD LISTINGS

023 Apr2023 May2023 Jun2023 Jul2023 2023 Apr2023 May2023 Jun2023 Jul2023 , y y

Median Sales Price

Single-Family Homes

The median sales price has decreased from $19m last July 2022, to $17m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1m last July 2022, to $772k as of July 2023.

AVG Days On the Market

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went down from 44 days in July 2022, to 38 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 1028% last July 2022, to 1002% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.9% last July 2022, to 91% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 50 40 30 20 10 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125% 100% 75% 50% 25% 0%
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Sa Co

What Coun In July, S homes f months listings a median was $1.8 family h on the m There w for sale, the mar sale, and median was 100 was 33 d

M e
rket
all singlefrom July from the uaranteed 2023 Each

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

LISTINGS FOR SALE SOLD

eo 2 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 22 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 er-year. , y er-year
LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has remained at $18m since July 2022

Condos & Townhomes

The median sales price has increased from $897k last July 2022, to $923k as of July 2023.

AVG Days On the Market

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

Overbids

Single-Family Homes

The overbid percentage has increased from 101.3% last July 2022, to 1018% a year later

Condos & Townhomes

The overbid percentage has increased from 100.2% last July 2022, to 100.8% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 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%
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Santa Clara 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 $17m 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

tory

4% List

$1.7M Median Sale Price

17 Avg Days on Market

InfoSparks and Broker Metrics, includes all singled townhomes in the California Area above from July ay include preliminary data, and may vary from the red All data is deemed reliable but not guaranteed KW Advisors San Francisco | Napa Valley 2023 Each wned and operated

Co

35 New Li Months of Inv

101.7 Median Sale

a County Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 ar. , y y ar
SOLD LISTINGS
LISTINGS FOR SALE

Median Sales Price

Single-Family Homes

The median sales price has remained at $17m since July 2022

Condos & Townhomes

The median sales price has increased from $950k last July 2022, to $961k as of July 2023.

AVG Days On the Market

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

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last July 2022, to 1044% a year later

Condos & Townhomes

The overbid percentage has increased from 100.3% last July 2022, to 101.7% a year later.

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 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%
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WWhat data?

Woodsid sale in J months new listi with a m median time on There is this mon

M e
rket
all singlefrom July from the uaranteed 2023 Each

CONDO

Condo & Townhomes

No data for this month.

,
LISTINGS FOR SALE SOLD LISTINGS 100 75 50 25 0 No Data For This Month.
y y

Median Sales Price

The median sales price has remained at $17m since July 2022

No data for this month.

Overbids

The overbid percentage has increased from 100% last July 2022, to 1044% a year later

No data for this month

AVG Days On the Market

The average time spent on the market went down from 22 days last July 2022, to 17 days as of July 2023

No data for this month

Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 125 100 75 50 25 0 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023 100% 75% 50% 25% 0%
Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes
& Townhomes Single-Family Homes
to Table of Contents
Condos
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: SARAH PARSONS | DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave., Burlingame, CA. 94010

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