September 2023 Market Report | San Francisco Bay Area - Ashley Petty

Page 1

September 2023 Copyright by KW Advisors 2023

San Francisco

Bay area

Alameda

Jump to Alameda Report

Contra Costa

Jump to Contra Costa Report

Napa

Jump to Napa Report

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano

Jump to Solano Report

Sonoma

Jump to Sonoma Report

Southern/Central Marin

Jump to Marin Report

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 today's market?

Icanhelp...

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

MortgageRates:Past,Present, andPossibleFuture

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 (see graph below):

Looking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the past 15 years.

That’s important because it explains why the recent jump in rates might have you feeling sticker shock even though they’re close to their long-term average. While many buyers have adjusted to the elevated rates over the past year, a slightly lower rate would be a welcome sight. To determine if that’s a realistic possibility, it’s important to look at inflation

Where Could Mortgage Rates Go in the Future?

The Federal Reserve has been working hard to lower inflation since early 2022. That’s significant because, historically, there’s been a connection between inflation and mortgage rates (see graph below):

This graph shows a pretty reliable relationship between inflation and mortgage rates. Looking at the left side of the graph, each time inflation moves significantly (shown in blue), mortgage rates follow suit shortly after (shown in green).

The circled portion of the graph points out the most recent spike in inflation, with mortgage rates following closely behind. As inflation has moderated a bit this year, mortgage rates haven’t yet made a similar move. That means, if history is any guide, the market is waiting for mortgage rates to follow inflation and head back down. It’s impossible to accurately predict where mortgage rates will go for sure, but moderating inflation means mortgage rates going down in the near future would fit a well-established trend.

Source: Keeping Current Matters

The Simplest Mortgage Approval Ever

Get instant pre-approval and FAST closing -- plus a dedicated loan advisor -- for the ultimate mortgage journey.

OurFastDigitalLoanProcess...

Get Pre-Approved Online In Minutes without affecting your credit score!

1 Get pre-approved online in minutes! Your personal Finance Manager is there to help!

GetFastLoanPre-Approval

FindAGreatRateQuickly

2 Your Finance Manager sources a vast array of wholesale & retail lenders for your best rate.

3

StopWorrying

Your Finance Manager does the heavy lifting So you get to funding quickly & easily

TheCustomer-CentricMortgage

ADedicatedLoanAdvisor...

Your Personal "Easy" button

Enjoy our silky smooth platform, along with passionate, live support from your dedicated Finance Manager. Mortgage expertise at every step!

Youworkhardforyourmoney.

Let our financial tools work hard for you.

We gather the largest array of wholesale & retail lenders to compete for your loan! So you get the lowest rate while we do the work.

CONTACT ME, YOUR REAL ESTATE EXPERT, FOR SUPPORT AND TO LEARN MORE ABOUT REMA.

SellYourListingforMorewithHomeConcierge

San Bruno Split-Level

$310,717Profit

702%Return

Home Concierge's secret weapon is our local project directors, who visit and personally manage each of our projects. When the agent reached out with a tight deadline, project director Azary Khalfan took it in stride and immediately called on her local vendors and subcontractors. Our in-house designer, Samantha Black, worked quickly over the holidays to design a new kitchen while Azary ordered finishes for other parts of the home. Ingenuity, strong vendor connections, and hard work transformed the kitchen in 17 days! The home sold for over $400,000 over asking in just one week.

Home Concierge scope of work for this project included:

Kitchen design services with plan drawings

Entire kitchen replacement, including the floor New light fixtures throughout the home

Refresh bathrooms

KitchenDesignBoards

WANT TO KNOW HOW HOME CONCIERGE CAN HELP WITH YOUR LISTING? CONTACT ME TODAY!

SOLD $1,935,000 AS-IS $1,580,000 RENOVATION $44,283 LOCATION San Bruno, CA

BEFORE AFTER

Tips to Harden Your Home During Wildfires

Source: Cal Fire

ROOF

Build your roof or re-roof with materials such as composition, metal, clay, or tile Remove any vegetative debris from the roof.

VENTS

Remove all openings with 1/16-inch to 1/4-inch metal mesh Do not use fiberglass or plastic mesh because they can melt and burn

EAVES + SOFFITS

Eaves should be boxed in and protected with ignition-resistant or non-combustible materials.

WINDOWS

Install dual-paned windows with one pane of tempered glass to reduce the chance of breakage in a fire.

WALLS

Use ignition-resistant materials, such as stucco, fiber cement, wall siding, fire retardant, treated wood, etc.

DECKS

Create an ember-resistant zone around and under all decks and clear debris from under your deck.

FENCES

Separate your fences from your house or upgrade the last 5 feet of the fence to a non-combustible material.

CHIMNEY

Close the fireplace during fire season when the chimney is not being used.

GUTTERS

Keep rain gutters clear or enclose rain gutters to prevent accumulation of plant debris

PATIO COVER

Use the same ignitionresistant materials for patio coverings as a roof

DRIVEWAY

Driveways should be built and maintained in accordance with state and local codes to allow fire and emergency vehicles to reach

DECKS

Have a fire extinguisher and tools such as a shovel, rake, bucket, and hose available for fire

IS YOUR HOMEOWNER’S INSURANCE COVERAGE UP TO DATE? I CAN CONNECT YOU WITH WITH MY INSURANCE SPECIALIST AT GREYSTONE.

CALL ME TODAY!

BroughtToYouBy:

Alam

What's in the

There were 1625 sing providing 1.1 months new listings, and 652 price of $1.2m. The m was 106.1%, with an a market.

There were 762 condo sale, providing 1 6 mo were 341 new listings median price of $712k percentage was 101% on the market.

SFH Single-Family Homes

860 New Listings

652 Sold Listings

1.1 Months of Inventory

$1.2M Median Sale Price

106.1% Median Sale vs List

18 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

CONDO

Condo & Townhomes

341 New Listings

230 Sold Listings

1.6 Months of Inventory

$712K Median Sale Price

101% Median Sale vs List

25 Avg Days on Market

Last 12 months, year-over-year.

Last 12 months, year-over-year

Condos & Townhomes
2022 - AUGUST 2023 Single-Family Homes
AlamedaCounty AUGUST
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 3000 2000 1000 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 1250 1000 750 500 250 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 2m since last August 2022

Condos & Townhomes

The median sales price has decreased from $725k last August 2022, to $712k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 26 days last August 2022, to 18 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 26 days last August 2022, to 25 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 101% last August 2022, to 106 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.1% last August 2022, to 101% a year later.

Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50 40 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

Costa Contra

What's in the Contra Costa data?

There were 1,134 single-family homes for sale, providing 1.9 months of inventory. There were 793 new listings, and 308 homes sold at a median price of $839k. The median overbid percentage was 101 7%, with an average of 18 days on the market.

There were 368 condo and townhome units for sale, providing 2.2 months of inventory. There were 238 new listings and 74 units sold at a median price of $600k. The median overbid percentage was 100%, with an average of 23 days on the market

SFH Single-Family Homes

793 New Listings

308 Sold Listings

1.9 Months of Inventory

$839K Median Sale Price

101.7% Median Sale vs List

18 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

238 New Listings

2.2 Months of Inventory

23 Avg Days on Market

$600K Median Sale Price 100% Median Sale vs List
& Townhomes
74 Sold Listings CONDO Condo

AUGUST 2022 - AUGUST 2023

Last 12 months, year-over-year. Condos

Last 12 months, year-over-year

ContraCosta
Homes
Single-Family
& Townhomes
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 2000 1500 1000 500 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 400 300 200 100 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $850k last August 2022, to $839k as of August 2023

Condos & Townhomes

The median sales price has increased from $588k last August 2022, to $600k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 21 days in August 2022, to 23 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last August 2022, to 101 7% a year later

Condos & Townhomes

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

Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $1,000,000 $750,000 $500,000 $250,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 50 40 30 20 10 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

County Napa

What's in the Napa County data?

There were 271 single-family homes for sale, providing 3.9 months of inventory. There were 77 new listings, and 69 homes sold at a median price of $1.1m. The median overbid percentage was 100%, with an average of 54 days on the market

There were 22 condo and townhome units for sale, providing 2.4 months of inventory. There were 7 new listings and 9 units sold at a median price of $665k. The median overbid percentage was 100%, with an average of 33 days on the market.

SFH Single-Family Homes

77 New Listings

69 Sold Listings

3.9 Months of Inventory

$1.1M 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 August 2022 to August 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.

7 New Listings

2.4 Months of Inventory $66 Median 100% Median Sale vs List Avg Days

S
COND Condo & Town
y y Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 400 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 40 30 20 10 0
FOR SALE SOLD LISTINGS
LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1m last August 2022, to $1 1m as of August 2023

Condos & Townhomes

The median sales price has decreased from $715k last August 2022, to $665k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 49 days last August 2022, to 54 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 58 days in August 2022, to 33 days as of August 2023

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 96.5% last August 2022, to 100% a year later.

Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 80 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

San Francisco County

What's in the San Francisco County data?

There were 334 single-family homes for sale, providing 2.1 months of inventory. There were 253 new listings and 120 homes sold at a median price of $1.6m. The median overbid percentage was 103.9%, with an average of 35 days on the market.

There were 588 condo and townhome units for sale, providing 3.6 months of inventory. There were 265 new listings and 136 units sold at a median price of $1.1m. The median overbid percentage was 99%, with an average of 57 days on the market.

SFH Single-Family Homes

253 New Listings

120 Sold Listings

2.1 Months of Inventory

$1.6M Median Sale Price

103.9% Median Sale vs List

35 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

CONDO

Condo & Townhomes

265 New Listings

136 Sold Listings

3.6 Months of Inventory

$1.1M Median Sale Price

99% Median Sale vs List

57 Avg Days on Market

Last

Last 12 months, year-over-year

SanFranciscoCounty
2022 - AUGUST 2023 Single-Family Homes
AUGUST
year-over-year. Condos & Townhomes
12 months,
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 500 400 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 1000 750 500 250 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 6m since last August 2022

Condos & Townhomes

The median sales price has increased from $1m last August 2022, to $1.1m as of August 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 7% last August 2022, to 103 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last August 2022, to 99.2% a year later.

Single-Family Homes

The average time spent on the market went up from 26 days last August 2022, to 35 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 50 days in August 2022, to 57 days as of August 2023

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

SanMateo County

What's in the San Mateo County data?

There were 514 single-family homes for sale, providing 1.9 months of inventory. There were 393 new listings, and 144 homes sold at a median price of $1.6m. The median overbid percentage was 101 1%, with an average of 27 days on the market.

There were 209 condo and townhome units for sale, providing 2.5 months of inventory. There were 124 new listings and 44 units sold at a median price of $995k. The median overbid percentage was 100%, with an average of 35 days on the market

SFH Single-Family Homes

393 New Listings

144 Sold Listings

1.9 Months of Inventory

$1.6M Median Sale Price

101.1% Median Sale vs List

27 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

New
Months of Inventory
Median Sale Price 100% Median Sale vs List
Market
Condo & Townhomes
124
Listings 2.5
$995K
35 Avg Days on
44 Sold Listings CONDO

SanMateoCounty

Last 12 months,

Last 12 months, year-over-year

Homes
AUGUST 2022 - AUGUST 2023 Single-Family
& Townhomes
year-over-year. Condos
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 SalesPrice

Single-Family Homes

The median sales price has decreased from $1 8m last August 2022, to $1 6m as of August 2023

Condos & Townhomes

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

AVGDays OntheMarket

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 101 1% a year later

Condos & Townhomes

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

Back to Table of Contents 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%

SantaClara County

What's in the Santa Clara County data?

There were 843 single-family homes for sale, providing 1.5 months of inventory. There were 803 new listings, and 278 homes sold at a median price of $1.7m. The median overbid percentage was 103 7%, with an average of 20 days on the market.

There were 399 condo and townhome units for sale, providing 1.6 months of inventory. There were 368 new listings and 95 units sold at a median price of $950k. The median overbid percentage was 102.3%, with an average of 18 days on the market

SFH Single-Family Homes

803 New Listings

278 Sold Listings

1.5 Month of Inventory

$1.7M Median Sale Price

103.7% Median Sale vs List

20 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

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 & Townhomes
368
CONDO
y y 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 SalesPrice

Single-Family Homes

The median sales price has increased from $1 6m last August 2022, to $1 7m as of August 2023

Condos & Townhomes

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

AVGDays OntheMarket

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 103 7% a year later

Condos & Townhomes

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

Back to Table of Contents 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%

Cou Sola

What's in t data?

There were 510 providing 1.7 mo new listings, and price of $583k. T was 100%, with market.

There were 57 c sale, providing 2 were 38 new list price of $360k. T was 100%, with market

omes

246 Sold Listings

$583K

Median Sale Price

28 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

38 New Listings

22 Sold Listings

2.4 Months of Inventory

$360K Median Sale Price

100% Median Sale vs List

31 Avg Days on Market

CONDO Condo & Townhomes

Solano

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 1250 1000 750 500 250 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 75 50 25 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $600k last August 2022, to $583k as of August 2023

Condos & Townhomes

The median sales price has increased from $359k last August 2022, to $360k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 38 days last August 2022, to 28 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 37 days last August 2022, to 31 days as of August 2023

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has decreased from 100% last August 2022, to 99.7% a year later.

Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $750,000 $500,000 $250,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

Sonoma County

What's in the Sonoma data?

There were 700 single-family homes for sale, providing 2.4 months of inventory. There were 252 new listings, and 293 homes sold at a median price of $855k. The median overbid percentage was 100%, with an average of 47 days on the market.

There were 61 condo and townhome units for sale, providing 1.6 months of inventory. There were 39 new listings and 33 units sold at a median price of $495k. The median overbid percentage was 101 5%, with an average of 21 days on the market.

SFH Single-Family Homes

252 New Listings

293 Sold Listings

2.4 Months of Inventory

$855K Median Sale Price

100% Median Sale vs List

47 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2022 to August 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.

39 New Listings

33 Sold Listings

1.6 Months of Inventory

$495K Median Sale Price

101.5% Median Sale vs List

21 Avg Days on Market

&
CONDO Condo
Townhomes

Sonoma

Last 12 months, year-over-year. Condos

Last 12 months, year-over-year

Homes
AUGUST 2022 - AUGUST 2023 Single-Family
& Townhomes
Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 1250 1000 750 500 250 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 125 100 75 50 25 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $830k last August 2022, to $855k as of August 2023

Condos & Townhomes

The median sales price has increased from $451k last August 2022, to $495k as of August 2023.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 101.1% last August 2022, to 101.5% a year later.

Single-Family Homes

The average time spent on the market went up from 39 days last August 2022, to 47 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 37 days in August 2022, to 31 days as of August 2023

Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $1,000,000 $750,000 $500,000 $250,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket

South Centr Marin

What's in the M

There were 226 single providing 1 6 months o new listings, and 117 h price of $1.5m. The m was 100%, with an ave market. There were 111 condo sale, providing 2.4 mo were 43 new listings a price of $840k. The m was 100%, with an ave market.

an Sale Price 17 Listings s 3 ays on Market
1.5M
single-family homes, condos and 2022 to August 2023. This may the data was gathered. All data is 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.

C

4 New List

2. Months of Inven

100% Median Sale vs

y y Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Jul2023 500 400 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 200 150 100 50 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 7m last August 2022, to $1 5m as of August 2023

Condos & Townhomes

The median sales price has increased from $831k last August 2022, to $840k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 31 days last August 2022, to 33 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 38 days in August 2022, to 55 days as of August 2023

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Back to Table of Contents 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%
powered by: 1624 California Street, San Francisco, CA 94109 2207 Lombard Street, San Francisco, CA 94123 SanFrancisco 1430 Howard Avenue, Burlingame, CA 94010 PeninsulaEstates 505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto 951 California Boulevard, Napa, CA 94559 NapaValley (831) 331 - 0717 Ashley.Petty@KW.com AshleyPetty

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.