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The Cunningham Group - January 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.

3KeystoHittingYour HomeownershipGoalsin2024

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.

Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains:

“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.”

Here are a few things to think through as you define your goals for 2024.

HOW TO BUDGET FOR UNEXPECTED

Unlock homeownership confidently! Prepare for hidden costs like inspections and renovations. Take control with a strategic plan:

Save for Unexpected Costs

1

Ensure a worry-free home with a proactive maintenance plan! Allocate 1-2% of your home's value yearly for repairs, creating a financial safety net. Even $20 a week adds up, offering peace of mind for unexpected expenses. Safeguard your home and finances with a well-crafted budget.

2

3

Keep your appliances and systems in good shape.

Elevate your homeownership with proactive care! Craft a seasonal to-do list, from flushing your water heater to changing filters and cleaning gutters. Enjoy smooth operation, reduce repair frequency, and discover the joy of a well-maintained home.

Consider getting a home warranty

Secure your home's future with American Home Shield® Our budget-friendly plans handle repairs and replacements, giving you peace of mind in homeownership.

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/

Alameda

What's in the Alameda data?

There were 964 single-family homes for sale, providing 1.3 months of inventory. There were 238 new listings, and 455 homes sold at a median price of $1.1m. The median overbid percentage was at 103%, with an average of 32 days on the market.

There were 477 condo and townhome units for sale, providing 1 8 months of inventory There were 89 new listings and 158 units sold at a median sale price of $647k. The median overbid percentage was at 98.6%, with an average of 49 days on the market.

mily Homes

ory

% ist

455 Sold Listings

$1.1M Median Sale Price

32 Avg Days on Market

InfoSparks, includes all single-family homes, condos and rnia Area above from December 2022 to December 2023. This data, and may vary from the time the data was gathered. All but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

89

New Listings

158 Sold Listings

1.8

Months of Inventory

$647K

Median Sale Price 98.6%

Median Sale vs List 49 Avg Days on Market

AlamedaCounty

DECEMBER 2022 - DECEMBER 2023

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 December 2022, to $1 1m as of December 2023

Condos & Townhomes

The median sales price has decreased from $721k last December 2022, to $647k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 39 days last December 2022, to 32 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 47 days in December 2022, to 49 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 5% last December 2022, to 103% a year later

Condos & Townhomes

The overbid percentage has increased from 97.9% last December 2022, to 98.6% a year later.

Contra Costa

What's in the Contra Costa data?

There were 536 single-family homes for sale, providing 0.9 months of inventory. There were 279 new listings, and 426 homes sold at a median price of $800k. The median overbid percentage was at 100%, with an average of 31 days on the market.

There were 247 condo and townhome units for sale, providing 1.4 months of inventory. There were 84 new listings and 134 units sold at a median sale price of $550k. The median overbid percentage was at 100%, with an average of 32 days on the market

SFH

Single-Family Homes

279 New Listings

0.9 Months of Inventory

426 Sold Listings

$800K

Median Sale Price

100%

Median Sale vs List

31

Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2022 to December 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 2024. Each office is independently owned and operated.

84

New Listings

134

Sold Listings

1.4

Months of Inventory

$550K

Median Sale Price

100%

Median Sale vs List

32 Avg Days on Market

raCosta

DECEMBER 2022 - DECEMBER 2023

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 $757k last December 2022, to $800k as of December 2023

Condos & Townhomes

The median sales price has increased from $531k last December 2022, to $550k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 42 days last December 2022, to 31 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 43 days in December 2022, to 32 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 8% last December 2022, to 100% a year later

Condos & Townhomes

The overbid percentage has stayed from 100% last December 2022, to 100% a year later.

Napa County

What's in the Napa County data?

There were 151 single-family homes for sale, providing 2.2 months of inventory. There were 20 new listings, and 44 homes sold at a median price of $921k. The median overbid percentage was at 98%, with an average of 86 days on the market

There were 16 condo and townhome units for sale, providing 1.8 months of inventory. There were 4 new listings and 6 units sold at a median sale price of $684k. The median overbid percentage was at 99.6%, with an average of 83 days on the market.

SFH

Single-Family Homes

20 New Listings

44 Sold Listings

2.2 Months of Inventory

$921K Median Sale Price

98%

Median Sale vs List

86 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2022 to December 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 2024. Each office is independently owned and operated.

4

New Listings

& Townhomes

6 Sold Listings

1.8

Months of Inventory

$684K

Median Sale Price 99.6%

Median Sale vs List 83 Avg Days on Market

Napa

DECEMBER 2022 - DECEMBER 2023

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 $849k last December 2022, to $921k as of December 2023

Condos & Townhomes

The median sales price has decreased from $753k last December 2022, to $684k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 70 days last December 2022, to 86 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 41 days in December 2022, to 83 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 8% last December 2022, to 98 3% a year later

Condos & Townhomes

The overbid percentage has stayed from 99.6% last December 2022, to 99.6% a year later.

San Francisco County

What's in the San Francisco County data?

There were 138 single-family homes for sale, providing 0.9 months of inventory. There were 43 new listings, and 115 homes sold at a median price of $1.4m. The median overbid percentage was at 100.8%, with an average of 39 days on the market.

There were 349 condo and townhome units for sale, providing 2.2 months of inventory. There were 65 new listings and 121 units sold at a median sale price of $1m. The median overbid percentage was at 97.8%, with an average of 73 days on the market.

SFH

Single-Family Homes

43 New Listings

115 Sold Listings

0.9 Months of Inventory

$1.4M Median Sale Price

100.8%

Median Sale vs List

39 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

New Listings

121

Sold Listings

2.2

Months of Inventory

$1M

Median Sale Price 97.8%

Median Sale vs List

73

Avg Days on Market

SanFranciscoCounty

DECEMBER 2022 - DECEMBER 2023

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 5m last December 2022, to $1 4m as of December 2023

Condos & Townhomes

The median sales price has increased from $984k last December 2022, to $1m as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 38 days last December 2022, to 39 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 74 days in December 2022, to 73 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last December 2022, to 100 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 98% last December 2022, to 97.8% a year later.

SFH

Single-Family Homes

96 New Listings

217 Sold Listings

0.8 Months of Inventory

$1.6M Median Sale Price

100% Median Sale vs List

33 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2022 to December 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 2024. Each office is independently owned and operated.

32

New Listings

63 Sold Listings

1.4

Months of Inventory

$828K

Median Sale Price 99%

Median Sale vs List 51 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 5m last December 2022, to $1 6m as of December 2023

Condos & Townhomes

The median sales price has increased from $825k last December 2022, to $828k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 37 days last December 2022, to 33 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 49 days in December 2022, to 51 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 3% last December 2022, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 98.1% last December 2022, to 98.8% a year later.

SantaC County

What's in the Sant County data?

There were 342 single-family providing 0.6 months of inve new listings, and 450 homes price of $1.7m. The median o was at 100 8%, with an avera market.

There were 217 condo and to sale, providing 0.9 months of were 116 new listings and 20 median sale price of $880k. T percentage was at 100%, wit days on the market

homes, condos and December 2023. This data was gathered. All Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

116

New Listings

203

Sold Listings

0.9

Months of Inventory $880K

Median Sale Price 100%

Median Sale vs List 31 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 increased from $1 4m last December 2022, to $1 7m as of December 2023

Condos & Townhomes

The median sales price has increased from $879k last December 2022, to $880k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 31 days last December 2022, to 23 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 33 days in December 2022, to 31 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 2% last December 2022, to 100 8% a year later

Condos & Townhomes

The overbid percentage has increased from 98.6% last December 2022, to 100% a year later.

Solano County

What's in the Solano County

data?

There were 441 single-family homes for sale, providing 1.5 months of inventory. There were 198 new listings, and 194 homes sold at a median price of $561k. The median overbid percentage was at 100%, with an average of 49 days on the market.

There were 40 condo and townhome units for sale, providing 1.6 months of inventory. There were 17 new listings and 25 units sold at a median sale price of $415k. The median overbid percentage was at 100%, with an average of 48 days on the market

Single-Family Homes

198 New Listings

194 Sold Listings

1.5 Months of Inventory

$561K Median Sale Price

100%

Median Sale vs List

49 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2022 to December 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 2024. Each office is independently owned and operated.

17

New Listings

25

Sold Listings

1.6

Months of Inventory

$415K

Median Sale Price

100%

Median Sale vs List

48 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $580k last December 2022, to $561k as of December 2023

Condos & Townhomes

The median sales price has increased from $340k last December 2022, to $415k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 57 days last December 2022, to 49 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 54 days in December 2022, to 48 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 2% last December 2022, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 98.4% last December 2022, to 100% a year later.

Sonoma County

What's in the Sonoma data?

There were 386 single-family homes for sale, providing 1.4 months of inventory. There were 76 new listings, and 216 homes sold at a median price of $817k. The median overbid percentage was at 100%, with an average of 62 days on the market.

There were 47 condo and townhome units for sale, providing 1.3 months of inventory. There were 18 new listings and 25 units sold at a median sale price of $439k. The median overbid percentage was at 100%, with an average of 36 days on the market.

18

New Listings

25

Sold Listings

1.3

Months of Inventory

$439K

Median Sale Price

100%

Median Sale vs List

36 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $782k last December 2022, to $817k as of December 2023

Condos & Townhomes

The median sales price has decreased from $450k last December 2022, to $439k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 54 days last December 2022, to 62 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 48 days in December 2022, to 36 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last December 2022, to 100% a year later

Condos & Townhomes

The overbid percentage has stayed from 100% last December 2022, to 100% a year later.

Southe Centra Marin

What's in the Mari

There were 99 single-family providing 8 7 months of inve new listings, and 99 homes s of $1.5m. The median overb 99.2%, with an average of 54

There were 69 condo and tow sale, providing 1.4 months o were 12 new listings and 38 sale price of $818k. The med percentage was at 100%, wit days on the market.

SFH

Single-Family Homes

18 New Listings

99 Sold Listings

8.7 Months of Inventory

$1.5M Median Sale Price

99.2% 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 December 2022 to December 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 2024. Each office is independently owned and operated.

12

New Listings

38 Sold Listings

1.4

Months of Inventory

$818K

Median Sale Price 100%

Median Sale vs List

51 Avg Days on Market

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 50m last December 2022, to $1 59m as of December 2023

Condos & Townhomes

The median sales price has increased from $685k last December 2022, to $818k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 42 days last December 2022, to 54 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 55 days in December 2022, to 51 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 5% last December 2022, to 99 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last December 2022, to 99.8% a year later.

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