November 2023
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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.
As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year.
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and sometimes deprioritize selling their house until the start of the new year when their schedules and social calendars calm down. But that gives you an opportunity to get one step ahead.
Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition. Start the process with a real estate agent today so you can get your house on the market before your neighbors do.
Even though the supply of homes for sale did grow compared to last year, it’s still low. That means there aren’t enough homes on the market today. While some buyers may also delay their plans to move until January, others will still need to move for personal reasons or because something in their life has changed.
Those buyers are still going to be active later this year and will be seriously motivated to make their move happen because they need to. Unfortunately, the challenge they’ll face is a shortage of available inventory to meet their needs. A recent article from Investopedia says:
“. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
Keep in mind that homeowners today have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $290,000. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams.
And as you weigh the reasons to sell before year-end, it’s important to remember the reasons that sparked your desire to move in the first place. Maybe it’s time for a new home in a location that suits you better, one that offers the perfect space for you and your loved ones, or maybe your needs have evolved over time. A local real estate agent can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.
Source: Keeping Current Matters
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There are many compelling reasons to join American Home Shield. Simply put — a home warranty protects your budget and provides peace of mind.
Here are just a few of the advantages of having coverage:
1 Budget protection when systems and appliances like your A/C and fridge inevitably stop working.
2 Peace of mind because you have a plan in place and know exactly who to call when something goes wrong.
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Keeptherestofyour kitchenspacelight andbright
Kitchens with ample natural light are more suitable for dark cabinet colors. If your kitchen lacks this, don't avoid dark colors entirely. Instead, focus on adding light elements elsewhere.
Striketheright balancewithlightning
Achieving balance in room design is essential, especially when combining strikingly colored cabinets with a mix of well-considered kitchen lighting.
Considerthesizeof yourspace
Favorglassand reflectivesurfaces
In a spacious, well-lit kitchen, dark cabinets add sophistication and coziness without crowding the space. Yet, in a smaller kitchen, they can absorb light and create a cramped feel
Opt for glass-fronted cabinets and reflective finishes to brighten up the space effectively.
Adornthespace thoughtfullytolighten thefinish
In Kitchens with bold cabinet finishes, decor plays a crucial role. Open shelving and glass cabinet doors to break the visual heaviness of dark cabinets and create contrast with lighter-colored items.
There were 1706 single-family homes for sale, providing 1.4 months of inventory. There were 749 new listings, and 597 homes sold at a median price of $1.2m. The median overbid percentage was at 106.9%, with an average of 21 days on the market.
There were 733 condo and townhome units for sale, providing 2 7 months of inventory There were 248 new listings and 194 units sold at a median sale price of $715k. The median overbid percentage was at 102.2%, with an average of 27 days on the market.
9 ings
4 of Inventory
597 Sold Listings
$1.2M Median Sale Price
6.9% Sale vs List
21 Avg Days on Market
sourced from InfoSparks, includes all single-family homes, condos and in the California Area above from October 2022 to October 2023. 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 2023. Each office is independently owned and operated.
248
New Listings
194 Sold Listings
2.7
Months of Inventory
102.2%
Median Sale vs List
$715K
Median Sale Price
27
Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $1 21m last October 2022, to $1 24m as of October 2023
Condos & Townhomes
The median sales price has increased from $705k last October 2022, to $715k as of October 2023
The average time spent on the market went down from 28 days last October 2022, to 21 days as of October 2023
The average time spent on the market went down from 36 days last October 2022, to 27 days as of October 2023.
The overbid percentage has increased from 101 1% last October 2022, to 106 9% a year later
Condos & Townhomes
The overbid percentage has increased from 97.5% last October 2022, to 102.2% a year later.
There were 969 single-family homes for sale, providing 1.6 months of inventory. There were 718 new listings, and 610 homes sold at a median price of $814k. The median overbid percentage was at 100 1%, with an average of 25 days on the market.
There were 368 condo and townhome units for sale, providing 2.1 months of inventory. There were 239 new listings and 174 units sold at a median sale price of $552k The median overbid percentage was at 100%, with an average of 27 days on the market
718 New Listings
610 Sold Listings
1.6 Months of Inventory
$814K Median Sale Price
100.1%
Median Sale vs List
25 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
239
New Listings
174
Sold Listings
2.1
Months of Inventory
$552K
Median Sale Price 100%
Median Sale vs List
27 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has decreased from $840k last October 2022, to $814k as of October 2023
The median sales price has decreased from $617k last October 2022, to $552k as of October 2023
The average time spent on the market went down from 33 days last October 2022, to 25 days as of October 2023
The average time spent on the market went up from 26 days last October 2022, to 27 days as of October 2023.
The overbid percentage has increased from 99 6% last October 2022, to 100 1% a year later
The overbid percentage has stayed at 100% last October 2022, to 100% a year later.
There were 278 single-family homes for sale, providing 3.9 months of inventory. There were 50 new listings, and 83 homes sold at a median price of $1m. The median overbid percentage was at 100%, with an average of 54 days on the market
There were 33 condo and townhome units for sale, providing 3.6 months of inventory. There were 16 new listings and 11 units sold at a median sale price of $736k. The median overbid percentage was at 97.5%, with an average of 46 days on the market.
50 New Listings
83 Sold Listings
3.9 Months of Inventory
$1M Median Sale Price
100%
Median Sale vs List
54 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
16
New Listings
11
Sold Listings
3.6
Months of Inventory
$736K
Median Sale Price 97.5%
Median Sale vs List
46
Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $975k last October 2022, to $1m as of October 2023
Condos & Townhomes
The median sales price has increased from $599k last October 2022, to $736k as of October 2023
The average time spent on the market went up from 50 days last October 2022, to 54 days as of October 2023
The average time spent on the market went up from 44 days last October 2022, to 46 days as of October 2023.
Single-Family Homes
The overbid percentage has increased from 99 1% last October 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has increased from 97% last October 2022, to 97.5% a year later.
What's in the San Francisco County data?
There were 414 single-family homes for sale, providing 2.6 months of inventory. There were 240 new listings, and 195 homes sold at a median price of $1.6m. The median overbid percentage was at 105.4%, with an average of 23 days on the market.
There were 776 condo and townhome units for sale, providing 4.8 months of inventory. There were 257 new listings and 159 units sold at a median sale price of $1.1m. The median overbid percentage was at 99.1%, with an average of 47 days on the market.
240 New Listings
195 Sold Listings
2.6 Months of Inventory
$1.6M Median Sale Price
105.4%
Median Sale vs List
23 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
257
New Listings
159
Sold Listings
4.8
Months of Inventory
$1.1M
Median Sale Price 99.1%
Median Sale vs List
47 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has decreased from $1 67m last October 2022, to $1 65m as of October 2023
Condos & Townhomes
The median sales price has decreased from $1 2m last October 2022, to $1 1m as of October 2023
The average time spent on the market went down from 28 days last October 2022, to 23 days as of October 2023
Condos & Townhomes
The average time spent on the market went up from 44 days last October 2022, to 47 days as of October 2023.
Single-Family Homes
The overbid percentage has stayed at 105 4% last October 2022, to 105 4% a year later
Condos & Townhomes
The overbid percentage has decreased from 100% last October 2022, to 99.1% a year later.
There were 523 single-family homes for sale, providing 1.9 months of inventory. There were 360 new listings, and 296 homes sold at a median price of $1.9m. The median overbid percentage was at 101 4%, with an average of 22 days on the market.
There were 206 condo and townhome units for sale, providing 2.5 months of inventory. There were 96 new listings and 82 units sold at a median sale price of $910k. The median overbid percentage was at 100%, with an average of 42 days on the market
360 New Listings
296 Sold Listings
1.9 Months of Inventory
$1.9M Median Sale Price
101.4%
Median Sale vs List
22 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
Listings
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $1 8m last October 2022, to $1 9m as of October 2023
Condos & Townhomes
The median sales price has decreased from $921k last October 2022, to $910k as of October 2023
The average time spent on the market went down from 28 days last October 2022, to 22 days as of October 2023
The average time spent on the market went up from 33 days last October 2022, to 42 days as of October 2023.
The overbid percentage has increased from 100% last October 2022, to 101 4% a year later
Condos & Townhomes
The overbid percentage has increased from 99.3% last October 2022, to 100% a year later.
There were 691 single-family homes for sale, providing 1.2 months of inventory. There were 685 new listings, and 639 homes sold at a median price of $1.8m. The median overbid percentage was at 103 5%, with an average of 19 days on the market.
There were 413 condo and townhome units for sale, providing 1.6 months of inventory. There were 354 new listings and 264 units sold at a median sale price of $984k. The median overbid percentage was at 101.1%, with an average of 19 days on the market
685 New Listings
639 Sold Listings
1.2 Months of Inventory
$1.8M Median Sale Price
103.5%
Median Sale vs List
19 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
354
New Listings
264 Sold Listings
1.6
Months of Inventory
$984K
Median Sale Price
101.1%
Median Sale vs List
19 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $1 5m last October 2022, to $1 8m as of October 2023
Condos & Townhomes
The median sales price has increased from $893k last October 2022, to $984k as of October 2023
The average time spent on the market went down from 28 days last October 2022, to 19 days as of October 2023
Condos & Townhomes
The average time spent on the market went down from 27 days last October 2022, to 19 days as of October 2023.
The overbid percentage has increased from 99 4% last October 2022, to 103 5% a year later
Condos & Townhomes
The overbid percentage has increased from 100% last October 2022, to 101.1% a year later.
There were 535 single-family homes for sale, providing 1.8 months of inventory. There were 297 new listings, and 255 homes sold at a median price of $615k. The median overbid percentage was at 100%, with an average of 36 days on the market.
There were 56 condo and townhome units for sale, providing 2.3 months of inventory. There were 29 new listings and 24 units sold at a median sale price of $361k. The median overbid percentage was at 100%, with an average of 31 days on the market
297 New Listings
1.8 Months of Inventory
255 Sold Listings
$615K
Median Sale Price
100%
Median Sale vs List
36 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
Median Sale vs List
Listings
The median sales price has increased from $585k last October 2022, to $615k as of October 2023
The median sales price has increased from $350k last October 2022, to $361k as of October 2023
The average time spent on the market went down from 45 days last October 2022, to 36 days as of October 2023
The average time spent on the market went down from 45 days last October 2022, to 31 days as of October 2023.
Single-Family Homes
The overbid percentage has stayed at 100% last October 2022, to 100% a year later
The overbid percentage has stayed at 100% last October 2022, to 100% a year later.
There were 687 single-family homes for sale, providing 2.4 months of inventory. There were 220 new listings, and 301 homes sold at a median price of $850k. The median overbid percentage was at 100%, with an average of 52 days on the market.
There were 61 condo and townhome units for sale, providing 1.7 months of inventory. There were 25 new listings and 40 units sold at a median sale price of $511k. The median overbid percentage was at 100%, with an average of 36 days on the market.
220 New Listings
301 Sold Listings
2.4 Months of Inventory
$850K Median Sale Price
100%
Median Sale vs List
52 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $796k last October 2022, to $850k as of October 2023
Condos & Townhomes
The median sales price has increased from $437k last October 2022, to $511k as of October 2023
The average time spent on the market went up from 43 days last October 2022, to 52 days as of October 2023
The average time spent on the market went down from 37 days last October 2022, to 36 days as of October 2023.
Single-Family
The overbid percentage has stayed at 100% last October 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has stayed at 100% last October 2022, to 100% a year later.
There were 273 single-family homes for sale, providing 2 months of inventory There were 87 new listings, and 160 homes sold at a median price of $1.7m. The median overbid percentage was at 100%, with an average of 29 days on the market.
There were 127 condo and townhome units for sale, providing 2.7 months of inventory. There were 45 new listings and 55 units sold at a median sale price of $795k. The median overbid percentage was at 100%, with an average of 58 days on the market.
87 New Listings
2 Months of Inventory
160 Sold Listings
$1.7M
Median Sale Price
100%
Median Sale vs List
29 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
45
New Listings
55 Sold Listings
2.7
Months of Inventory
$795K
Median Sale Price 100%
Median Sale vs List 58 Avg Days on Market
Condos & Townhomes
Last 12 months, year-over-year
The median sales price has increased from $1 71m last October 2022, to $1 75m as of October 2023
Condos & Townhomes
The median sales price has decreased from $810k last October 2022, to $795k as of October 2023
The average time spent on the market stayed at 29 days last October 2022, to 29 days as of October 2023
The average time spent on the market went up from 55 days last October 2022, to 58 days as of October 2023.
The overbid percentage has stayed at 100% last October 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has decreased from 100% last October 2022, to 99.8% a year later.
