September 2023 Market Report | Sarah Parsons

Page 1

SF BAY AREA AND SILICON VALLEY

Atherton

Jump to Atherton Report

Belmont

Jump to Belmont Report

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

San Mateo 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 www.sarahparsons.biz KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor com “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 1430 Howard Ave , Burlingame, CA 94010 KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor.com

Mortgage Rates: Past, Present, and Possible Future

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

Giving Context to the Sticker Shock

Freddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971 Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the country.

Atherton

What's in the Atherton data?

There were 31 single-family homes for sale, providing 15 months of inventory There were 6 new listings and 12 homes sold at a median price of $8.2m. The median overbid percentage was 89.1%, with an average of 88 days on the market.

There were 0 condo and townhome units for sale, providing 0 months of inventory. There were 0 new listings, and 1 unit sold at a median sale price of $1.5m. The median overbid percentage was 0%, with an average of 0 days on the market.

SFH Single-Family Homes

6 New Listings

6 Sold Listings

1.5 Months of Inventory

$8.2M Median Sale Price

89.1% Median Sale vs List

88 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

0
1
Condo & Townhomes
0 New Listings 0 Months of Inventory $1.5M Median Sale Price 0% Median Sale vs List
Avg Days on Market
Sold Listing CONDO
herton
AUGUST 2023 amily Homes onths, year-over-year. & Townhomes onths, year-over-year Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 50 40 30 20 10 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 1 075 05 025 0 LISTINGS FOR SALE SOLD LISTINGS
2022 -

Median Sales Price

Single-Family Homes

The median sales price has increased from $7m last August 2022, to $82m as of August 2023

Condos & Townhomes

The median sales price has increased from $0 last August 2022, to $1.5m as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 59 days last August 2022, to 88 days as of August 2023

Condos & Townhomes

The average time spent on the market has remained at 0 days since August 2022

Overbids

Single-Family Homes

The overbid percentage has decreased from 91.3% last August 2022, to 891% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last August 2022, to 100.1% a year later.

Back to Table of Contents Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

Belmont

What's in the Belmont data?

There were 7 single-family homes for sale, providing 06 months of inventory There were 11 new listings and 11 homes sold at a median price of $2.1m. The median overbid percentage was 109.2%, with an average of 18 days on the market.

There were 3 condo and townhome units for sale, providing 1.5 months of inventory. There were 4 new listings and 2 units sold at a median price of $1.2m. The median overbid percentage was 107.6%, with an average of 28 days on the market.

$2.1M Median Sale Price 11 Sold Listings Homes oSparks and Broker Metrics, includes wnhomes in the California Area from , 2023) This may include preliminary ata was gathered All data is deemed 01906450 Copyright KW Advisors eo 2023 Each office is independently 18 Avg Days on Market

CONDO

Condo & Townhomes

4 New Listings

2 Sold Listings

1.5 Months of Inventory

$1.2M Median Sale Price

107.6% Median Sale vs List

28 Avg Days on Market

LISTINGS FOR SALE SOLD LISTINGS

, y y

Median Sales Price

Single-Family Homes

The median sales price has increased from $2150m last August 2022, to $2180m as of August 2023

Condos & Townhomes

The median sales price has increased from $564k last August 2022, to $1.2m as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 20 days last August 2022, to 18 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 25 days in August 2022, to 28 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 99.9% last August 2022, to 1092% a year later

Condos & Townhomes

The overbid percentage has increased from 98.9% last August 2022, to 107.6% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $2,500,000 $2000000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Burlingame

What's in the Burlingame data?

There were 29 single-family homes for sale, providing 22 months of inventory There were 23 new listings, and 13 homes sold at a median price of $2.8m. The median overbid percentage was 101.6%, with an average of 17 days on the market.

There were 8 condo and townhome units for sale, providing 4 months of inventory. There were 6 new listings and 2 units sold at a median price of $926k. The median overbid percentage was 96.2%, with an average of 15 days on the market.

SFH Single-Family Homes

23 New Listings

13 Sold Listings

2.2 Months of Inventory

$2.8M Median Sale Price

101.6% Median Sale vs List

17 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

Mon 9 Med
, y y 2023 Jul2023 Aug2023 2023 Jul2023 Aug2023
SOLD
LISTINGS FOR SALE
LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $283m last August 2022, to $28m as of August 2023

Condos & Townhomes

The median sales price has decreased from $1.3m last August 2022, to $926k as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 25 days last August 2022, to 17 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 3 days in August 2022, to 15 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 99.1% last August 2022, to 1016% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.5% last August 2022, to 96.2%a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Foster City

What's in the Foster City data?

There were 4 single-family homes for sale, providing 03 months of inventory There were 6 new listings and 12 homes sold at a median price of $2.5m. The median overbid percentage was 103.6%, with an average of 18 days on the market.

There were 15 condo and townhome units for sale, providing 1.5 months of inventory. There were 16 new listings and 10 units sold at a median price of $1.4m. The median overbid percentage was 103.7%, with an average of 14 days on the market.

SFH Single-Family Homes

6 New Listings

12 Sold Listings

0.3 Months of Inventory

$2.5M Median Sale Price

103.6% Median Sale vs List

18 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

COND Condo & Townho

16 New Listings

Sold

1.5 Months of Inventory

$1.4 Median Sa

103.7% Median Sale vs List Avg Days on

ster City

2022 - AUGUST 2023

amily

& Townhomes

onths, year-over-year

Homes onths, year-over-year.
Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023
SALE SOLD LISTINGS
LISTINGS FOR

Median Sales Price

Single-Family Homes

The median sales price has increased from $2m last August 2022, to $25m as of August 2023

Condos & Townhomes

The median sales price has increased from $1.2m last August 2022, to $1.4m as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market has remained at 18 days since last August 2022

Condos & Townhomes

The average time spent on the market went down from 16 days in August 2022, to 14 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98.3% last August 2022, to 1036% a year later

Condos & Townhomes

The overbid percentage has increased from 103.4% last August 2022, to 103.7% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents
$6.5M Median Sale Price 9 Sold Listings ly Homes ngs, InfoSparks and Broker Metrics, includes and townhomes in the California Area from ugust 22, 2023) This may include preliminary e the data was gathered All data is deemed DRE# 01906450 Copyright KW Advisors San Mateo 2023 Each office is independently 28 Avg Days on Market

Hillsborough

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 40 30 20 10 0 100 75 50 25 0
data for this month
FOR SALE SOLD LISTINGS
No
LISTINGS

Median Sales Price

The median sales price has increased from $6m last August 2022, to $65m as of August 2023

No data for this month.

Overbids

The overbid percentage has decreased from 101.8% last August 2022, to 968% a year later

No data for this month

AVG Days On the Market

The average time spent on the market went up from 22 days last August 2022, to 28 days as of August 2023

No data for this month

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes Condos & Townhomes Single-Family Homes Back to Table of Contents

There provid were 3 media percen days o There for sal

There at a m overbi averag

Wha data

SFH Single-Family Homes

36 New Listings

24 Sold Listings

2.1 Months of Inventory

$2.8M Median Sale Price

97.3% Median Sale vs List

26 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

10 New Listings

6 Sold Listings

3 Months of Inventory

$950K Median Sale Price

91% Median Sale vs List

12 Avg Days on Market

Condo
CONDO
& Townhomes
Park
2023 mes ar-over-year. mes , y ar-over-year Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 80 60 40 20 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 25 20 15 10 5 0 LISTINGS FOR SALE SOLD LISTINGS
GUST

Median Sales Price

Single-Family Homes

The median sales price has increased from $27m last August 2022, to $28m as of August 2023

Condos & Townhomes

The median sales price has increased from $920k last August 2022, to $950k as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 28 days last August 2022, to 26 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 22 days in August 2022, to 12 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 95.8% last August 2022, to 973% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.2% last August 2022, to 91% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 $5,000,000 $4000000 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 200 150 100 50 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Palo Alto

What's in the Palo Alto data?

There were 81 single-family homes for s providing 17 months of inventory Ther were 35 new listings and 29 homes sold median price of $3.9m. The median ove percentage was 98.5%, with an average days on the market.

There were 22 condo and townhome un for sale, providing 1.1 months of invento There were 6 new listings and 5 units so a median sale price of $1.6m. The media overbid percentage was 97.6%, with an average of 19 days on the market.

ings of Inventory $3.9M Median Sale Price .5% Sale vs List 29 Sold Listings
He-Family Homes ced from MLS Listings, InfoSparks and Broker Metrics, includes ly homes, condos and townhomes in the California Area from uly 2023 (Pulled August 22, 2023) This may include preliminary vary from the time the data was gathered All data is deemed not guaranteed DRE# 01906450 Copyright KW Advisors ates | Burlingame | San Mateo 2023 Each office is independently erated 19 Avg Days on Market

CONDO

Condo & Townhomes

6 New Listings

5 Sold Listings

1.1 Months of Inventory

$1.6M Median Sale Price

97.6% Median Sale vs List

19 Avg Days on Market

, y y Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 125 100 75 50 25 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 50 40 30 20 10 0
FOR SALE SOLD LISTINGS
LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has increased from $34m last August 2022, to $39m as of August 2023

Condos & Townhomes

The median sales price has remained at $1.6m since last August 2022.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 31 days last August 2022, to 19 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 34 days in August 2022, to 19 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 1008% last August 2022, to 985% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last August 2022, to 97.6% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 150 100 50 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Portola Valley

What's in the Portola Valley data?

There were 13 single-family homes for sale, providing 0 months of inventory There were 2 new listings, and 3 homes sold at a median price of $7.4m. The median overbid percentage was 87.9%, with an average of 0 days on the market.

There is no data for condos and townhomes this month.

SFH Single-Family Homes

2 New Listings

3 Sold Listings

0 Months of Inventory

$7.4M Median Sale Price

87.9% Median Sale vs List

0 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

CONDO

Condo & Townhomes

No Data For This Month.

, y y No Data For This Month. Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 25 20 15 10 5 0 100 75 50 25 0
LISTINGS
LISTINGS FOR SALE SOLD

Median Sales Price

The median sales price has increased from $34m last August 2022, to $74m as of August 2023

No Data For This Month.

Overbids

The overbid percentage has decreased from 95.3% last August 2022, to 879% a year later

No Data For This Month

AVG Days On the Market

The average time spent on the market went down from 36 days last August 2022, to 0 days as of August 2023

No Data For This Month

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 150 100 50 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
& Townhomes
& Townhomes
Homes
& Townhomes
Homes
to Table of Contents
Condos
Single-Family Homes Condos
Single-Family
Condos
Single-Family
Back

Redwood City

What's in the Redwood City data?

There were 81 single-family homes for sale, providing 13 months of inventory There were 41 new listings and 34 homes sold at a median price of $2.1m. The median overbid percentage was 102.4%, averaging 38 days on the market.

There were 36 condo and townhome units for sale, providing 4.3 months of inventory. There were 6 new listings and 8 units sold at a median sale price of $1.2m. The median overbid percentage was 102.4%, with an average of 15 days on the market.

CONDO

Condo & Townhomes

6 New Listings

8 Sold Listings

4.3 Months of Inventory

$1.2M Median Sale Price

102.4% Median Sale vs List

15 Avg Days on Market

Redwood City

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 125 100 75 50 25 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 40 30 20 10 0 LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $22m last August 2022, to $21m as of August 2023

Condos & Townhomes

The median sales price has decreased from $1.4m last August 2022, to $1.2m as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 25 days last August 2022, to 38 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 11 days in August 2022, to 15 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 97.9% last August 2022, to 1024% a year later

Condos & Townhomes

The overbid percentage has increased from 99.6% last August 2022, to 102.4% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 June2023 Jul2023 Aug2023 $2,500,000 $2000000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023June2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

San Carlos

What's in the San Carlos data?

There were 33 single-family homes for sale, providing 19 months of inventory There were 41 new listings and 17 homes sold at a median price of $2.4m. The median overbid percentage was 104.7%, with an average of 26 days on the market.

There were 13 condo and townhome units for sale, providing 1.4 months of inventory. There were 11 new listings and 9 units sold at a median price of $1.2m. The median overbid percentage was 100.5%, with an average of 33 days on the market.

SFH Single-Family Homes

41 New Listings

17 Sold Listings

1.9 Months of Inventory

$2.4M Median Sale Price

104.7% Median Sale vs List

26 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

CONDO

Condo & Townhomes

11 New Listings

9 Sold Listings

1.4 Months of Inventory

$1.2M Median Sale Price

100.5% Median Sale vs List

33 Avg Days on Market

San Carlos

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 40 30 20 10 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 25 20 15 10 5 0 LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has increased from $21m last August 2022, to $24m as of August 2023

Condos & Townhomes

The median sales price has increased from $940k last August 2022, to $1.2m as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 23 days last August 2022, to 26 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 17 days in August 2022, to 33 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 102% last August 2022, to 1047% a year later

Condos & Townhomes

The overbid percentage has increased from 98.3% last August 2022, to 100.5% a year later.

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $2,500,000 $2000000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

San Ma

What's in the San data?

There were 54 single-famil providing 11 months of inv were 53 new listings, and 4 median price of $1.8m. The percentage was 105%, with days on the market.

There were 52 condo and t for sale, providing 1.5 mont There were 28 new listings at a median price of $951k. overbid percentage was 99 average of 74 days on the m

47 Sold Listings

$1.8M Median Sale Price

17 Avg Days on Market

nfoSparks and Broker Metrics, includes ownhomes in the California Area from 22, 2023) This may include preliminary data was gathered All data is deemed # 01906450 Copyright KW Advisors Mateo 2023 Each office is independently

Homes

C Condo &

28 New Listings

1.5 Months of Inventory

99.1% Median Sale vs List

eo 2023 er-year. , y er-year 23 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 23 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023
FOR SALE SOLD LISTINGS
LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $19m last August 2022, to $18m as of August 2023

Condos & Townhomes

The median sales price has increased from $765k last August 2022, to $951k as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 18 days last August 2022, to 17 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 56 days in August 2022, to 71 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last August 2022, to 105% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last August 2022, to 99.1% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

San Mateo County

What's in the San Mateo County data?

There were 513 single-family homes for s providing 2 months of inventory. There w 376 new listings, and 143 homes sold at a median price of $1.6m. The median overb percentage was 1012%, with an average 27 days on the market.

There were 206 condo and townhome u for sale, providing 2.4 months of invento There were 121 new listings and 44 units at a median sale price of $995k. The med overbid percentage was 100%, with an average of 35 days on the market.

6 stings of Inventory

143 Sold Listings

$1.6M Median Sale Price

1.2% Sale vs List

27 Avg Days on Market

urced from MLS Listings, InfoSparks and Broker Metrics, includes mily homes, condos and townhomes in the California Area from July 2023 (Pulled August 22, 2023) This may include preliminary ay vary from the time the data was gathered All data is deemed t not guaranteed DRE# 01906450 Copyright KW Advisors states | Burlingame | San Mateo 2023 Each office is independently operated

Hle-Family Homes

2.4

New
121
Listings
Months of Inventory
Median Sale Price 100% Median Sale vs List
Avg Days on Market
CONDO Condo & Townhomes
$995K
35
44 Sold Listings

San Mateo

2022

Last 12 months, year-over-year. Condos

Last 12 months, year-over-year

Homes
AUGUST
- AUGUST 2023 Single-Family
& Townhomes
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 750 500 250 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 300 200 100 0 LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $18m last August 2022, to $16m as of August 2023

Condos & Townhomes

The median sales price has increased from $900k last August 2022, to $995k as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 25 days last August 2022, to 27 days as of August 2023

Condos & Townhomes

The average time spent on the market has remained at 35 days since August 2022

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last August 2022, to 1012% a year later

Condos & Townhomes

The overbid percentage has remained at 100% since last August 2022.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents

Santa C County

What's in the San County data?

There were 846 single-fam providing 1.5 months of inv were 795 new listings, and at a median price of $1.7m. overbid percentage was 10 average of 20 days on the m

398 condo and townhome sale, providing 1.6 months There were 362 new listing sold at a median sale price median overbid percentag with an average of 18 days

M Price 8 gs Metrics, includes ornia Area from ude preliminary data is deemed t KW Advisors s independently Market
New Listings 1.6 Months of Inventory $950K Median Sale Price 102.3% Median Sale vs List 18 Avg Days on Market 95 Sold Listings CONDO Condo & Townhomes
362

Santa Clara County

Last 12 months, year-over-year.

Last 12 months, year-over-year

- AUGUST 2023 Single-Family Homes
AUGUST 2022
& Townhomes
Condos
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 1500 1000 500 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 750 500 250 0 LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has increased from $16m last August 2022, to $17m as of August 2023

Condos & Townhomes

The median sales price has increased from $900k last August 2022, to $950k as of August 2023.

AVG Days On the Market

Single-Family Homes

The average time spent on the market went down from 25 days last August 2022, to 20 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 25 days last August 2022, to 18 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 99.4% last August 2022, to 1037% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last August 2022, to 102.3% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 40 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents
Wha data There provid 12 new media percen days o There this m
W

SFH Single-Family Homes

12 New Listings

5 Sold Listings

3 Months of Inventory

$12.5M Median Sale Price

93.4% Median Sale vs List

65 Avg Days on Market

The data, sourced from MLS Listings, InfoSparks and Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023 (Pulled August 22, 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

CONDO

Condo & Townhomes

No data for this month.

side
2023 mes ar-over-year. mes , y ar-over-year ec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 100 75 50 25 0
This Month.
FOR SALE SOLD LISTINGS
GUST
No Data For
LISTINGS

Median Sales Price

The median sales price has decreased from $12m last August 2022, to $11m as of August 2023

No data for this month.

Overbids

The overbid percentage has increased from 106.1% last August 2022, to 1092% a year later

No data for this month

AVG Days On the Market

The average time spent on the market went down from 27 days last August 2022, to 15 days as of August 2023

No data for this month

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 $25,000,000 $20000000 $15,000,000 $10,000,000 $5,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
& Townhomes
Homes Condos & Townhomes
Homes
& Townhomes
Homes Back to Table of Contents
Condos
Single-Family
Single-Family
Condos
Single-Family
: SARAH PARSONS | DRE #01312901 1430 Howard Ave., Burlingame, CA. 94010 (650) 898-4863 sarahparsons@realtor.com

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