Michael Teymouri - February 2024 Market Report | Palo Alto Area by Procasa Technologies, Inc

PaloAlto area

SantaClaraCounty

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PaloAlto

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MountainView

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Sunnyvale

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SantaClaraCity

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SanJose

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SanMateoCounty

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MenloPark

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Atherton

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PortolaValley

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EastPaloAlto

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SantaCruzCounty

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SanMateo

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Belmont

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SanCarlos

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ContraCostaCounty

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WalnutCreek

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Lafayette

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Orinda

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SanFranciscoCounty

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LosAltosHills

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Cupertino

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LosGatos

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Campbell Woodside

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What’syourhome reallyworthin

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?

Kind words from my client :

Dear Michael,

I am delighted with the results of your efforts in selling my house. I also appreciated your good nature and kindness towards the neighbors, vendors and me Cultural sensitivity is very important in any negotiation, particular for selling in a multicultural market. And I really appreciate that you are sensitive to a number of cultures.

Kevin F

Contact me for a confidential, no obligation assessment of your home's value.

WhyHavingYourOwnAgent MattersWhenBuyingaNew ConstructionHome

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you

But it’s important to remember the process of working with a builder is different than buying from a homeowner And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says:

“Keep in mind that the on-site agent you meet at a newconstruction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Here’s how having your own agent is key when you build or buy a new construction home.

Sant Cou

What's in County d

There were 40 providing 0.7 m were 559 new at a median pr overbid percen average of 25 d

There were 25 for sale, provid

There were 29 sold at a medi median overbi with an averag

559 New Listings

0.7 Months of Inventory

355 Sold Listings

$1.7M Median Sale Price

100.9%

Median Sale vs List

25 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all singlefamily homes, condos and townhomes in the California Area above from January 2023 to January 2024 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 Palo Alto 2024 Each office is independently owned and operated

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 $15m last January 2023, to $17m as of January 2024

Condos & Townhomes

The median sales price has increased from $865k last January 2023, to $910k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 35 days last January 2023, to 25 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 34 days in January 2023, to 39 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98.4% last January 2023, to 1009% a year later

Condos & Townhomes

The overbid percentage has increased from 992% last January 2023, to 100% a year later.

PaloAlto

What's in the Palo Alto data?

There were 22 single-family homes for sale, providing 14 months of inventory There were 32 new listings, and 15 homes sold at a median price of $3.5m. The median overbid percentage was at 102%, with an average of 18 days on the market.

There were 8 condo and townhome units for sale, providing 1.6 months of inventory.

There were 12 new listings and 4 units sold at a median sale price of $1.2m. The median overbid percentage was at 101%, with an average of 82 days on the market.

SFH

Single-Family Homes

32 New Listings

1.4 Months of Inventory

15 Sold Listings

$3.5M Median Sale Price

102%

Median Sale vs List

18 Avg Days on Market

New Listings

4 Sold Listings

1.6 Months of Inventory

$1.2M Median Sale Price

101%

Median Sale vs List

82 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3.1m last January 2023, to $3.5m as of January 2024.

Condos & Townhomes

The median sales price has increased from $0 last January 2023, to $12m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 67 days last January 2023, to 18 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in January 2023, to 82 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 86% last January 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last January 2023, to 101% a year later.

LosAltos

What's in the Los Altos data?

There were 11 single-family homes for sale, providing 16 months of inventory There were 14 new listings, and 6 homes sold at a median price of $4m. The median overbid percentage was at 102%, with an average of 13 days on the market.

There were 6 condo and townhome units for sale, providing 3 months of inventory. There were 3 new listings and 1 unit sold at a median sale price of $1.2m. The median overbid percentage was at 93%, with an average of 86 days on the market.

Single-Family Homes

14 New Listings

1.6 Months of Inventory

6 Sold Listings

$4M Median Sale Price

102%

Median Sale vs List

13 Avg Days on Market

3 New Listings

1 Sold Listing

3 Months of Inventory $1.2M Median Sale Price 93% Median Sale vs List 86 Avg Days on Market

LosAltos

JANUARY 2023 - JANUARY 2024

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 $34m last January 2023, to $40m as of January 2024

Condos & Townhomes

The median sales price has decreased from $14m last January 2023, to $12m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 53 days last January 2023, to 13 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 152 days in January 2023, to 86 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 90% last January 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 86% last January 2023, to 93% a year later.

Mountain View

What's in the Mountain View data?

There were 10 single-family homes for sale, providing 1.4 months of inventory. There were 12 new listings, and 11 homes sold at a median price of $2.3m. The median overbid percentage was at 101%, with an average of 25 days on the market.

There were 22 condo and townhome units for sale, providing 1.5 months of inventory. There were 26 new listings and 5 units sold at a median sale price of $1.4m. The median overbid percentage was at 102%, with an average of 28 days on the market.

Single-Family Homes

12 New Listings

1.4 Months of Inventory

11 Sold Listings

$2.3M Median Sale Price

101%

Median Sale vs List

25 Avg Days on Market

26 New Listings

5 Sold Listings

1.5 Months of Inventory

$1.4M Median Sale Price

102%

Median Sale vs List

28 Avg Days on Market

ountainView

ARY 2023 - JANUARY 2024

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 $19m last January 2023, to $23m as of January 2024

Condos & Townhomes

The median sales price has increased from $10m last January 2023, to $14m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last January 2023, to 25 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in January 2023, to 28 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last January 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has increased from 96% last January 2023, to 102% a year later.

Sunnyvale

What's in the Sunnyvale data?

There were 17 single-family homes for sale, providing 08 months of inventory There were 37 new listings, and 20 homes sold at a median price of $775k. The median overbid percentage was at 107%, with an average of 12 days on the market.

There were 16 condo and townhome units for sale, providing 1.2 months of inventory. There were 22 new listings and 9 units sold at a median sale price of $970k. The median overbid percentage was at 104%, with an average of 33 days on the market.

Single-Family Homes

37 New Listings

0.8 Months of Inventory

20 Sold Listings

$775K

Median Sale Price

107%

Median Sale vs List

12 Avg Days on Market

22 New Listings

9 Sold Listings

1.2 Months of Inventory

$970K Median Sale Price 104% Median Sale vs List 33 Avg Days on Market

Sunnyvale

JANUARY 2023 - JANUARY 2024

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 $21m last January 2023, to $775k as of January 2024

Condos & Townhomes

The median sales price has decreased from $11m last January 2023, to $970k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last January 2023, to 12 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 33 days in January 2023, to 33 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95% last January 2023, to 107% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last January 2023, to 104% a year later.

SantaClara City

What's in the Santa Clara City data?

There were 9 single-family homes for sale, providing 0.5 months of inventory. There were 18 new listings, and 12 homes sold at a median price of $1.7m. The median overbid percentage was at 110%, with an average of 10 days on the market.

There were 14 condo and townhome units for sale, providing 1 month of inventory. There were 18 new listings and 5 units sold at a median sale price of $1.1m. The median overbid percentage was at 102%, with an average of 32 days on the market.

Single-Family Homes

18 New Listings

0.5 Months of Inventory

12 Sold Listings

$1.7M Median Sale Price

110%

Median Sale vs List

10 Avg Days on Market

Listings

SantaClaraCity

NUARY 2023 - JANUARY 2024

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 $14m last January 2023, to $17m as of January 2024

Condos & Townhomes

The median sales price has increased from $111m last January 2023, to $117m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last January 2023, to 10 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 36 days in January 2023, to 19 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98% last January 2023, to 110% a year later

Condos & Townhomes

The overbid percentage has increased from 97% last January 2023, to 102% a year later.

SanJose

What's in the San Jose data?

There were 133 single-family homes for sale, providing 06 months of inventory There were 256 new listings, and 165 homes sold at a median price of $1.5m. The median overbid percentage was at 103%, with an average of 21 days on the market.

There were 123 condo and townhome units for sale, providing 1 month of inventory. There were 144 new listings and 87 units sold at a median sale price of $775k. The median overbid percentage was at 99%, with an average of 37 days on the market.

Single-Family Homes

256 New Listings

0.6 Months of Inventory

165 Sold Listings

$1.5M

Median Sale Price

103%

Median Sale vs List

21 Avg Days on Market

SanJose

JANUARY 2023 - JANUARY 2024

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 $13m last January 2023, to $15m as of January 2024

Condos & Townhomes

The median sales price has increased from $757k last January 2023, to $775k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last January 2023, to 21 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in January 2023, to 37 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 96% last January 2023, to 103% a year later

Condos & Townhomes

The overbid percentage has remained the same from 99% last January 2023, to 99% a year later.

SanMateo County

What's in the San Mateo County data?

There were 272 single-family homes for sale, providing 1 month of inventory. There were 289 new listings, and 140 homes sold at a median price of $1.8m. The median overbid percentage was at 100%, with an average of 45 days on the market.

There were 126 condo and townhome units for sale, providing 1.5 months of inventory. There were 105 new listings and 60 units sold at a median sale price of $772k. The median overbid percentage was at 99.6%, with an average of 68 days on the market.

Hle-Family Homes

289 New Listings

240 Sold Listings

1 Month of Inventory

$1.8M Median Sale Price

100% Median Sale vs List

45 Avg Days on Market

105

Listings

SanMateo

JANUARY 2023 - JANUARY 2024

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 $14m last January 2023, to $18m as of January 2024

Condos & Townhomes

The median sales price has decreased from $855k last January 2023, to $772k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 40 days last January 2023, to 45 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 51 days in January 2023, to 68 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98% last January 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 983% last January 2023, to 99.6% a year later.

MenloP

What's in the Me data?

There were 25 single-fam providing 23 months of in were 31 new listings, and median price of $3.7m. Th percentage was at 100%, 31 days on the market.

There were 9 condo and t sale, providing 2.3 month

There were 7 new listings a median sale price of $1.5 overbid percentage was a average of 30 days on the

31 New Listings

12 Sold Listings

2.3 Months of Inventory

$3.7M Median Sale Price

100%

Median Sale vs List

31 Avg Days on Market

7 New Listings

3 Sold Listings

2.3 Months of Inventory

$1.5M Median Sale Price 96%

Median Sale vs List

30 Avg Days on Market

enloPark

ARY 2023 - JANUARY 2024

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 $20m last January 2023, to $37m as of January 2024

Condos & Townhomes

The median sales price has increased from $929k last January 2023, to $15m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 14 days last January 2023, to 31 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 69 days in January 2023, to 30 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last January 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 98% last January 2023, to 96% a year later.

Atherton

What's in the Atherton data?

There were 14 single-family homes for s providing 14 months of inventory There were 8 new listings, and 3 homes sold a median price of $15.5m. The median ove percentage was at 90%, with an average 145 days on the market.

There was no data for condo and townh units this month.

8 New Listings

14 Months of Inventory

3 Sold Listings

$15.5M

Median Sale Price

90%

Median Sale vs List

145 Avg Days on Market

CONDO

Condo & Townhomes

No data for this month.

Atherton

JANUARY 2023 - JANUARY 2024

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 $193m last January 2023, to $155m as of January 2024

Condos & Townhomes

The median sales price has remained the same from $0 last January 2023, to $0 as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last January 2023, to 145 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 0 days in January 2023, to 0 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89% last January 2023, to 90% a year later

Condos & Townhomes

The overbid percentage has remained the same from 0% last January 2023, to 0% a year later.

Portola

What's in the Po data?

There were 5 single-famil providing 07 months of in were 4 new listings, and 2 median price of $2.8m. Th percentage was at 116%, w days on the market.

There was no data for con units this month.

4 New Listings

2 Sold Listings

0.7 Months of Inventory

$2.8M Median Sale Price

116% Median Sale vs List

3 Avg Days on Market

No data for this month.

Single-Family Homes

Last 12 months, year-over-year.

No data for this month.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $32m last January 2023, to $28m as of January 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 48 days last January 2023, to 3 days as of January 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last January 2023, to 116% a year later

Condos & Townhomes

No data for this month

East PaloAlto

What's in the East Palo Alto data?

There were 9 single-family homes for sale, providing 9 months of inventory. There were 8 new listings, and 1 home sold at a median price of $900k. The median overbid percentage was at 106%, with an average of 11 days on the market.

There was 1 condo and townhome unit for sale, providing 1 month of inventory. There were 0 new listings and 1 unit sold at a median sale price of $775k. The median overbid percentage was at 91%, with an average of 72 days on the market.

8 New Listings

9 Months of Inventory

1 Sold Listing

$900 K

Median Sale Price

106%

Median Sale vs List

11 Avg Days on Market

Condo & 0

New Listings

1 Sold Listing

Month of Inventory

Median Sale vs List

$775K Median Sale Price

72 Avg Days on Market

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 $1m last January 2023, to $900k as of January 2024

Condos & Townhomes

The median sales price has increased from $0 last January 2023, to $775k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 81 days last January 2023, to 11 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in January 2023, to 72 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 85% last January 2023, to 106% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last January 2023, to 91% a year later.

SantaC County

What's in the Sa County data?

There were 144 single-fam providing 2.1 months of in were 90 new listings, and median price of $1.1m. The percentage was at 95%, w 50 days on the market.

There were 46 condo and for sale, providing 2 mont

There were 29 new listing at a median sale price of $ overbid percentage was a average of 38 days on the

90 New Listings

55 Sold Listings

2.1 Months of Inventory

$1.1M Median Sale Price

95%

Median Sale vs List

50 Avg Days on Market

29 New Listings

19 Sold Listings

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 $117m last January 2023, to $119m as of January 2024

Condos & Townhomes

The median sales price has decreased from $816k last January 2023, to $729k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 54 days last January 2023, to 50 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 38 days in January 2023, to 38 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89% last January 2023, to 95% a year later

Condos & Townhomes

The overbid percentage has remained the same from 97% last January 2023, to 97% a year later.

SanMateo

What's in the San Mateo data?

There were 29 single-family homes for sale, providing 24 months of inventory There were 46 new listings, and 12 homes sold at a median price of $178k. The median overbid percentage was at 104%, with an average of 19 days on the market.

There were 39 condo and townhome units for sale, providing 2.6 months of inventory. There were 22 new listings and 15 units sold at a median sale price of $750k. The median overbid percentage was at 100.2%, with an average of 87 days on the market.

46 New Listings

2.4 Months of Inventory

12 Sold Listings

$178K Median Sale Price

104%

Median Sale vs List

19 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024 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 2024 Each office is independently owned and operated

22 New Listings

15 Sold Listings

2.6 Months of Inventory

$750K Median Sale Price 100.2% Median Sale vs List 87 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $16m last January 2023, to $178k as of January 2024

Condos & Townhomes

The median sales price has increased from $727k last January 2023, to $750k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last January 2023, to 19 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 60 days in January 2023, to 87 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98.3% last January 2023, to 104% a year later

Condos & Townhomes

The overbid percentage has increased from 976% last January 2023, to 100.2% a year later.

Belmon

What's in the Be data?

There were 8 single-famil providing 11 months of in were 12 new listings, and median price of $1.9m. Th percentage was at 101.4% 13 days on the market.

There were 3 condo and t sale, providing 1.5 months

There were 4 new listings a median sale price of $62 overbid percentage was a average of 133 days on the

12 New Listings

7 Sold Listings

1.1 Months of Inventory

$1.9M Median Sale Price

101.4%

Median Sale vs List

13 Avg Days on Market

4 New Listings

2 Sold Listings

1.5 Months of Inventory

$623K Median Sale Price 95.4%

Median Sale vs List

133 Avg Days on Market

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 $2m last January 2023, to $19m as of January 2024

Condos & Townhomes

The median sales price has decreased from $972k last January 2023, to $623k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 41 days last January 2023, to 13 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 66 days in January 2023, to 133 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 96.1% last January 2023, to 1014% a year later

Condos & Townhomes

The overbid percentage has increased from 938% last January 2023, to 95.4% a year later.

SanCar

What's in the Sa data?

There were 12 single-fami providing 12 months of in were 16 new listings, and median price of $2m. The percentage was at 97.8%, 39 days on the market.

There were 14 condo and for sale, providing 4.7 mo

There were 13 new listing at a median sale price of $ overbid percentage was a average of 12 days on the

16 New Listings

10 Sold Listings

1.2 Months of Inventory

$2.3M Median Sale Price

97.8%

Median Sale vs List

39 Avg Days on Market

New Listings

3 Sold Listings

4.7 Months of Inventory

$1.7M Median Sale Price

100.2%

Median Sale vs List

12 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2m last January 2023, to $23m as of January 2024

Condos & Townhomes

The median sales price has increased from $1m last January 2023, to $17m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 35 days last January 2023, to 39 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 38 days in January 2023, to 12 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 99.8% last January 2023, to 978% a year later

Condos & Townhomes

The overbid percentage has increased from 978% last January 2023, to 100.2% a year later.

ContraCosta County

What's in the Contra Costa data?

There were 1,152 single-family homes for sale, providing 1.3 months of inventory. There were 608 new listings, and 364 homes sold at a median price of $772k. The median overbid percentage was at 986%, with an average of 31 days on the market.

There were 476 condo and townhome units for sale, providing 1.5 months of inventory. There were 230 new listings and 111 units sold at a median sale price of $600k. The median overbid percentage was at 98.9%, with an average of 35 days on the market.

Single-Family Homes

608 New Listings

1.3 Months of Inventory

364 Sold Listings

$772K Median Sale Price

98.6%

Median Sale vs List

31 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in Alamo, Concord, Danville, El Cerrito, Lafayette, Moraga, Orinda, Pleasant Hill, Richmond, and Walnut Creek from January 2023 to January 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 02029039 Copyright KW Advisors East Bay 2024 Each office is independently owned and operated

230

Listings

ContraCosta County

JANUARY 2023 - JANUARY 2024

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 $725k last January 2023, to $772k as of January 2024

Condos & Townhomes

The median sales price has increased from $492k last January 2023, to $600k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 44 days last January 2023, to 31 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 37 days in January 2023, to 35 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 94.2% last January 2023, to 986% a year later

Condos & Townhomes

The overbid percentage has increased from 962% last January 2023, to 98.9% a year later.

Wal CONTRA COS

What's in data?

There were 53 providing 1.9 m were 25 new li median price o percentage wa 18 days on the

There were 163 for sale, provid There were 88 at a median sa overbid percen average of 33 d

25 New Listings

1.9 Months of Inventory

18 Sold Listings

$1.4M Median Sale Price

97.5% Median Sale vs List

18 Avg Days on Market

88 New Listings

29 Sold Listings

utCreek

JANUARY 2024

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 $143m last January 2023, to $146m as of January 2024

Condos & Townhomes

The median sales price has increased from $560k last January 2023, to $630k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 82 days last January 2023, to 18 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 29 days in January 2023, to 33 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 100.9% last January 2023, to 976% a year later

Condos & Townhomes

The overbid percentage has increased from 972% last January 2023, to 97.5% a year later.

Lafayette

CONTRA COSTA COUNTY

What's in the Lafayette data?

There were 33 single-family homes for sale, providing 2 months of inventory. There were 21 new listings, and 12 homes sold at a median price of $13m The median overbid percentage was at 96.6%, with an average of 13 days on the market.

There were 8 condo and townhome units for sale, providing 0 months of inventory. There were 2 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market.

Single-Family Homes

21 New Listings

2 Months of Inventory

12 Sold Listings

$1.3M Median Sale Price

96.6%

Median Sale vs List

13 Avg Days on Market

Listings

Y 2023 - JANUARY 2024 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 $15m last January 2023, to $13m as of January 2024

Condos & Townhomes

The median sales price has remained the same with $0 last January 2023, to $0 as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last January 2023, to 13 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 37 days in January 2023, to 0 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 85% last January 2023, to 966% a year later

Condos & Townhomes

The overbid percentage has remained the same with 0% last January 2023, to 0% a year later.

Orinda

CONTRA COSTA COUNTY

What's in the Orinda data?

There were 21 single-family homes for sale, providing 1.4 months of inventory. There were 14 new listings, and 6 homes sold at a median price of $2m. The median overbid percentage was at 101.9%, with an average of 12 days on the market.

There were 2 condo and townhome units for sale, providing 0 months of inventory. There were 2 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 10 days on the market.

14 New Listings

1.4 Months of Inventory

6 Sold Listings

$2M Median Sale Price

101.9% Median Sale vs List

12 Avg Days on Market

Listings 0 Months of Inventory

Sold Listings

Median Sale vs List

Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $16m last January 2023, to $2m as of January 2024

Condos & Townhomes

The median sales price has remained the same with $0 last January 2023, to $0 as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 71 days last January 2023, to 12 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in January 2023, to 10 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 89.2% last January 2023, to 1019% a year later

Condos & Townhomes

The overbid percentage has remained the same with 0% last January 2023, to 0% a year later.

SanFrancisco County

What's in the San Francisco County data?

There were 192 single-family homes for sale, providing 1.2 months of inventory. There were 185 new listings, and 89 homes sold at a median price of $1.5M. The median overbid percentage was at 1001%, with an average of 56 days on the market.

There were 492 condo and townhome units for sale, providing 3.1 months of inventory. There were 307 new listings and 94 units sold at a median sale price of $1m. The median overbid percentage was at 97.4%, with an average of 80 days on the market.

Single-Family Homes

185 New Listings

1.2 Months of Inventory

89 Sold Listings

$1.5M Median Sale Price

100.1%

Median Sale vs List

56 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from January 2023 to January 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 01995149

SanFranciscoCounty

JANUARY 2023 - JANUARY 2024

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 $13m last January 2023, to $15m as of January 2024

Condos & Townhomes

The median sales price has increased from $1050m last January 2023, to $1057m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 50 days last January 2023, to 56 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 84 days in January 2023, to 80 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 100.0% last January 2023, to 1001% a year later

Condos & Townhomes

The overbid percentage has increased from 973% last January 2023, to 97.4% a year later.

8 New Listings

1.7 Months of Inventory

8 Sold Listings

$6M Median Sale Price

97%

Median Sale vs List

22 Avg Days on Market

Condo

No data for this month.

Single-Family Homes

Last 12 months, year-over-year.

No data for this month.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $55m last January 2023, to $6m as of January 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 89 days last January 2023, to 22 days as of January 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 83% last January 2023, to 97% a year later

Condos & Townhomes

No data for this month

Cupertino

What's in the Cupertino data?

There were 41 single-family homes for sale, providing 29 months of inventory There were 20 new listings, and 11 homes sold at a median price of $2.7m. The median overbid percentage was at 93.5%, with an average of 12 days on the market.

There were 15 condo and townhome units for sale, providing 0.9 months of inventory. There were 11 new listings and 4 units sold at a median sale price of $1.2m. The median overbid percentage was at 102.1%, with an average of 16 days on the market.

20 New Listings

2.9 Months of Inventory

11 Sold Listings

$2.7M Median Sale Price

93.5%

Median Sale vs List

12 Avg Days on Market

11 New Listings

4 Sold Listings

0.9 Months of Inventory

$1.2M Median Sale Price

102.1% Median Sale vs List

16 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $24m last January 2023, to $27k as of January 2024

Condos & Townhomes

The median sales price has increased from $0 last January 2023, to $12m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last January 2023, to 12 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 26 days in January 2023, to 16 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98.9% last January 2023, to 935% a year later

Condos & Townhomes

The overbid percentage has increased from 00% last January 2023, to 102.1% a year later.

LosGat

What's in the Lo data?

There were 79 single-fam providing 36 months of in were 23 new listings, and median price of $1.5m. Th percentage was at 98.7%, 70 days on the market.

There were 14 condo and for sale, providing 0.6 mo

There were 9 new listings a median sale price of $1.7 overbid percentage was a average of 18 days on the

23 New Listings

11 Sold Listings

3.6 Months of Inventory

$1.5M Median Sale Price

98.7%

Median Sale vs List

70 Avg Days on Market

Condo & Townhomes

9 New Listings

6 Sold Listings

0.6 Months of Inventory

$1.7M Median Sale Price

100.1%

Median Sale vs List

18 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $35m last January 2023, to $15m as of January 2024

Condos & Townhomes

The median sales price has increased from $1m last January 2023, to $17m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 66 days last January 2023, to 70 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 38 days in January 2023, to 12 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 99.8% last January 2023, to 978% a year later

Condos & Townhomes

The overbid percentage has increased from 978% last January 2023, to 100.2% a year later.

Campb

What's in the Ca data?

There were 20 single-fam providing 1.6 months of in were 12 new listings, and median price of $1.8m. Th percentage was at 98.9%, 25 days on the market.

There were 10 condo and for sale, providing 2 mont

There were 5 new listings median sale price of $920 overbid percentage was a average of 20 days on the

12 New Listings

8 Sold Listings

1.6 Months of Inventory

$1.8M Median Sale Price

98.9%

Median Sale vs List

25 Avg Days on Market

5 New Listings

1 Sold Listing

2 Months of Inventory $920K

ampbell

ARY 2023 - JANUARY 2024

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 $15m last January 2023, to $18m as of January 2024

Condos & Townhomes

The median sales price has increased from $915k last January 2023, to $920k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 31 days last January 2023, to 25 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 7 days in January 2023, to 20 days as of January 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 973% last January 2023, to 989% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.3% last January 2023, to 93.4% a year later.

Woods

What's in the Wo data?

There were 28single-fami providing 11.5 months of i were 7 new listings, and 5 median price of $2.9m. Th percentage was at 88%, w 79 days on the market.

There was no data for con units this month.

7 New Listings

5 Sold Listings

11.5 Months of Inventory

$2.9M Median Sale Price

88%

Median Sale vs List

79 Avg Days on Market

No data for this month.

Single-Family Homes

Last 12 months, year-over-year.

No data for this month.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $98m last January 2023, to $29m as of January 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last January 2023, to 79 days as of January 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has decreased from 92.9% last January 2023, to 88% a year later

Condos & Townhomes

No data for this month