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Michelle Kennedy - February 2024 Market Report | San Francisco Bay Area

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San Francisco Bay area

Jump to Alameda Report Alameda

Contra Costa

Jump to Contra Costa Report

Jump to Napa Report Napa

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Jump to Solano Report

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

Solano
Sonoma

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.

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 new-construction 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.

WHAT ARE PREPAID COSTS

WHEN BUYING A HOME?

Embarking on the journey of homeownership brings both excitement and unexpected costs. Closing fees, down payments, and more can catch you off guard. American Home Shield is here to break down the upfront expenses and help you navigate the homebuying process confidently.

Unraveling the mystery of prepaid costs in home buying! These serve as a safety net for lenders, covering taxes, interest, and insurance. Here's a breakdown:

1

2

Prepaid interest on a mortgage:

Pay interest from closing to month-end. Opt for a month-end closing to minimize this cost.

Prepaid property taxes at closing:

Sellers settle their owed taxes at closing, and you prepay from your escrow account.

3

4

Prepaid homeowners insurance at closing:

Cover one year in advance, ensuring your lender that potential damages will be addressed.

Initial escrow payment at closing:

Acts as a deposit (earnest money) for future insurance or tax payments, showing commitment to the purchase.

While it might seem complex, prepaid costs are expenses you'd pay anyhow. They ease the burden on buyers by handling crucial payments, streamlining the process and leaving you with fewer tasks on your homeowner checklist

What are prepaid costs when buying a home? READY TO GET STARTED?

Contact me, your Real Estate Expert, for support and to learn more about AHS.

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Eight Colrs fo Laundry

Sage Green

View it here

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness.

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere.

Navy as the key to a striking laundry room Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color. Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

VENDOR DIRECTORY

When it comes to homeownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Alameda

What's in the Alameda data?

There were 1057 single-family homes for sale, providing 1.3 months of inventory. There were 606 new listings, and 311 homes sold at a median price of $1.1m. The median overbid percentage was at 101.1%, with an average of 26 days on the market.

There were 527 condo and townhome units for sale, providing 2 2 months of inventory There were 271 new listings and 105 units sold at a median sale price of $690k. The median overbid percentage was at 99.3%, with an average of 36 days on the market.

He-Family Homes

6 ings

311 Sold Listings

3 of Inventory

$1.1M Median Sale Price

1.1% Sale vs List

26 Avg Days on Market

sourced from InfoSparks, includes all single-family homes, condos and in the California Area above from January 2023 to January 2024. This may minary data, and may vary from the time the data was gathered. All data is reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

271

New Listings

105 Sold Listings

2.2

Months of Inventory $690K

Median Sale Price 99.3%

Median Sale vs List 36 Avg Days on Market

AlamedaCounty

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

Condos & Townhomes

The median sales price has decreased from $698k last January 2023, to $690k 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 26 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 37 days in January 2023, to 36 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96 1% last January 2023, to 101 1% a year later

Condos & Townhomes

The overbid percentage has increased from 95.6% last January 2023, to 99.3% a year later.

Contra Costa

What's in the Contra Costa data?

There were 619 single-family homes for sale, providing 1 month of inventory. There were 609 new listings, and 369 homes sold at a median price of $770k. The median overbid percentage was at 100%, with an average of 37 days on the market.

There were 276 condo and townhome units for sale, providing 1.6 months of inventory. There were 230 new listings and 113 units sold at a median sale price of $590k. The median overbid percentage was at 100%, with an average of 40 days on the market

Single-Family Homes

609

New Listings

369 Sold Listings

1 Month of Inventory

$770K

Median Sale Price

100%

Median Sale vs List

37

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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

230

New Listings

113

Sold Listings

1.6

Months of Inventory

$590K

Median Sale Price 100%

Median Sale vs List

40 Avg Days on Market

ontraCosta

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 $770k as of January 2024

Condos & Townhomes

The median sales price has increased from $485k last January 2023, to $590k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 43 days last January 2023, to 37 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 47 days in January 2023, to 40 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 5% last January 2023, to 100% a year later

Condos & Townhomes

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

Napa County

What's in the Napa County data?

There were 168 single-family homes for sale, providing 2.5 months of inventory. There were 46 new listings, and 37 homes sold at a median price of $999k. The median overbid percentage was at 99%, with an average of 111 days on the market

There were 22 condo and townhome units for sale, providing 2.3 months of inventory. There were 9 new listings and 7 units sold at a median sale price of $617k. The median overbid percentage was at 99%, with an average of 67 days on the market.

Single-Family Homes

46 New Listings

37 Sold Listings

2.5 Months of Inventory

$999K

Median Sale Price

99%

Median Sale vs List

111

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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

New Listings

2.3

Months of Inventory

Sold Listings

$617K

Median Sale Price 99%

Median Sale vs List 67 Avg Days on Market 7

Napa

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 $825k last January 2023, to $999k as of January 2024

Condos & Townhomes

The median sales price has increased from $500k last January 2023, to $617k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 76 days last January 2023, to 111 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 61 days in January 2023, to 67 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 3% last January 2023, to 99 1% a year later

Condos & Townhomes

The overbid percentage has increased from 98.1% last January 2023, to 99% a year later.

San Francisco 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 100.1%, 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

89 Sold Listings

1.2 Months of Inventory

$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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

307

New Listings

94 Sold Listings

3.1

Months of Inventory

$1M

Median Sale Price 97.4%

Median Sale vs List 80 Avg Days on Market

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 $1 3m last January 2023, to $1 5m as of January 2024

Condos & Townhomes

The median sales price has increased from $1 050m last January 2023, to $1 057m 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 100 1% a year later

Condos & Townhomes

The overbid percentage has increased from 97.3% last January 2023, to 97.4% a year later.

SanMateo County

What's in the San Mateo Cou data?

There were 272 single-family homes for sale, providing 1 month of inventory. There were 2 new listings, and 137 homes sold at a media price of $1.8m. The median overbid percenta was at 100%, with an average of 44 days on t market.

There were 126 condo and townhome units f sale, providing 1.5 months of inventory. Ther were 126 new listings and 60 units sold at a median sale price of $772k. The median over percentage was at 100%, with an average of days on the market

289 New Listings

1 Month of Inventory

137 Sold Listings

$1.8M

Median Sale Price

100%

Median Sale vs List

44 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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

New Listings

1.5

Months of Inventory $772K

Median Sale Price 100%

Median Sale vs List 68 Avg Days on Market 60 Sold Listings

SanMateoCounty

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 $1 4m last January 2023, to $1 8m 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 44 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 98.3% last January 2023, to 99.6% a year later.

SantaC County

What's in the Sant County data?

There were 402 single-family providing 0.7 months of inve new listings, and 353 homes price of $1.6m. The median o was at 100 9%, with an avera market.

There were 250 condo and to sale, providing 1 month of inv 298 new listings and 146 uni sale price of $910k. The med percentage was at 100%, wit days on the market

559

New Listings

0.7 Months of Inventory

100.9%

Median Sale vs List

353 Sold Listings

$1.6M

Median Sale Price

25

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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

antaClaraCounty

JANUARY 2023 - JANUARY 2024

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 5m last January 2023, to $1 6m 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 100 9% a year later

Condos & Townhomes

The overbid percentage has increased from 99.3% last January 2023, to 100% a year later.

Solano County

What's in the Sola

data?

There were 388 single-family providing 1.3 months of inve new listings, and 199 homes price of $575k. The median o was at 100%, with an average market.

There were 45 condo and tow sale, providing 1.7 months of were 33 new listings and 27 sale price of $335k. The med percentage was at 100%, wit days on the market

235 New Listings

1.3 Months of Inventory

100%

Median Sale vs List

199 Sold Listings

$575K

Median Sale Price

53 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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

33 New Listings

27 Sold Listings

1.7 Months of Inventory $335K Median Sale Price

Median Sale vs List 66 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $579k last January 2023, to $575k as of January 2024

Condos & Townhomes

The median sales price has decreased from $395k last January 2023, to $335k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 68 days last January 2023, to 53 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 53 days in January 2023, to 66 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 4% last January 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 97.6% last January 2023, to 100% a year later.

Sonoma County

What's in the Sonoma data?

There were 395 single-family homes for sale, providing 1.4 months of inventory. There were 149 new listings, and 174 homes sold at a median price of $830k. The median overbid percentage was at 99%, with an average of 69 days on the market.

There were 49 condo and townhome units for sale, providing 1.3 months of inventory. There were 22 new listings and 22 units sold at a median sale price of $460k. The median overbid percentage was at 100%, with an average of 51 days on the market.

Single-Family Homes

149 New Listings

174 Sold Listings

1.4 Months of Inventory

$830K

Median Sale Price

99%

Median Sale vs List

69 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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

22

New Listings

22

Sold Listings

1.3

Months of Inventory

$460K

Median Sale Price

100%

Median Sale vs List

51 Avg Days on Market

Sonoma

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 $769k last January 2023, to $830k as of January 2024

Condos & Townhomes

The median sales price has increased from $435k last January 2023, to $460k 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 69 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 46 days in January 2023, to 51 days as of January 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Southern/ Central Marin

What's in the Marin data?

There were 109 single-family homes for sale, providing 0 8 months of inventory There were 58 new listings, and 65 homes sold at a median price of $1.5m. The median overbid percentage was at 98.9%, with an average of 70 days on the market.

There were 91 condo and townhome units for sale, providing 1.9 months of inventory. There were 42 new listings and 29 units sold at a median sale price of $872k. The median overbid percentage was at 99%, with an average of 70 days on the market.

Single-Family Homes

58 New Listings

65 Sold Listings

0.8 Months of Inventory

$1.5M Median Sale Price

98.9%

Median Sale vs List

70 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. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo

42

New Listings

29

Sold Listings

1.9

Months of Inventory

$872K

Median Sale Price 99%

Median Sale vs List 70 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 $1 6m last January 2023, to $1 5m as of January 2024

Condos & Townhomes

The median sales price has increased from $800k last January 2023, to $872k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 61 days last January 2023, to 70 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 62 days in January 2023, to 70 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96 2% last January 2023, to 98 9% a year later

Condos & Townhomes

The overbid percentage has increased from 98.8% last January 2023, to 98.9% a year later.

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