The Cunningham Group - September 2023 Market Report | Peninsula Estates by Procasa Technologies, Inc

Peninsula Estates

San Francisco County

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San Mateo County

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Belmont

Jump to Belmont Report

Jump to Burlingame Report Burlingame

Jump to Daly City Report Daly City

Foster City

Jump to Foster City Report

Half Moon Bay

Jump to Half Moon Bay Report

Hillsborough

Jump to Hillsborough Report

Jump to Millbrae Report

Jump to Pacifica Report

San Bruno

Jump to San Bruno Report

San Carlos

Jump to San Carlos Report

San Mateo

Jump to San Mateo Report

South San Francisco

Jump to South San Francisco 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 in 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.

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.

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.

GUTTERS

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

DRIVEWAY

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

CHIMNEY

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

PATIO COVER

Use the same ignitionresistant materials for patio coverings as a roof

DECKS

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

BroughtToYouBy:

San Francisco County

What's in the San Francisco County data?

There were 335 single-family homes for sale providing 2.4 months of inventory. There we new listings, and 139 homes sold at a media price of $1.6m. The median overbid percenta was 107.3%, with an average of 31 days on t market.

There were 590 condo and townhome units sale, providing 4.2 months of inventory. Ther were 278 new listings and 140 units sold at a median sale price of $1.1m. The median ove percentage was 106.5%, with an average of 5 days on the market.

e-Family Homes

0 ngs

4 f Inventory

139 Sold Listings

$1.6M Median Sale Price

7.3% ale vs List

31 Avg Days on Market

urced from MLS Listings Inc, includes all single-family homes, condos and the California Area from August 2022 to August 2023. This may include ata, and may vary from the time the data was gathered. All data is deemed guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

278

LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 61m last August 2022, to $1 6m as of August 2023

Condos & Townhomes

The median sales price has increased from $1m last August 2022, to $1.1m 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 31 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

Overbids

Single-Family Homes

The overbid percentage has decreased from 108 3% last August 2022, to 107 3% a year later

Condos & Townhomes

The overbid percentage has increased from 101% last August 2022, to 106.5% a year later.

SanMateo County

What's in the San Mateo County data?

There were 507 single-family homes for sale, providing 1.6 months of inventory. There were 452 new listings, and 318 homes sold at a median price of $1.8m. The median overbid percentage was 103 3%, with an average of 28 days on the market.

There were 186 condo and townhome units for sale, providing 2 months of inventory. There were 137 new listings and 94 units sold at a median price of $1m. The median overbid percentage was 100.6%, with an average of 45 days on the market.

SanMateoCounty

AUGUST 2022 - AUGUST 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 83m last August 2022, to $1 8m as of August 2023

Condos & Townhomes

The median sales price has increased from $900k last August 2022, to $1m as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last August 2022, to 28 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 32 days in August 2022, to 45 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last August 2022, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.8% last August 2022, to 100.6% a year later.

Belmont

What's in the Belmont data?

There were 7 single-family homes for sale, providing 0.6 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.

11 Sold Listings mes

$2.1M

Median Sale Price

18 Avg Days on Market

includes all single-family homes, condos and August 2022 to August 2023. This may include the data was gathered. All data is deemed Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

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

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 150m last August 2022, to $2 180m as of August 2023

Condos & Townhomes

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

AVGDays OntheMarket

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 109 2% a year later

Condos & Townhomes

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

Burlingame

What's in the Burlingame data?

There were 29 single-family homes for sale, providing 2.2 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.

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 Inc, includes all single-family homes, condos and townhomes in the California Area 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 83m last August 2022, to $2 8m as of August 2023

Condos & Townhomes

The median sales price has decreased from $1.3m last August 2022, to $926k 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 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 101 6% a year later

Condos & Townhomes

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

Wha There w providi new lis of $1.1 109.2% There w sale, pr were 1 price o was 10 market

Single-Family Homes

44 New Listings

31 Sold Listings

1.6 Months of Inventory

$1.1M Median Sale Price

109.2% Median Sale vs List

15 Avg Days on Market

City

AUGUST 2022 - AUGUST 2023 s r-over-year.

LISTINGS FOR SALE SOLD LISTINGS

r-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 2m last August 2022, to $1 1m as of August 2023

Condos & Townhomes

The median sales price has decreased from $715k last August 2022, to $690k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 39 days in August 2022, to 49 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 106 1% last August 2022, to 109 2% a year later

Condos & Townhomes

The overbid percentage has increased from 100.4% last August 2022, to 100.6% a year later.

FosterCity

What's in the Foster City data?

There were 4 single-family homes for sale, providing 0.3 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.

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

Condo & Townh

New Listings 1.5 Months of Inventory $1.4 Median S

103.7%

Median Sale vs List Avg Days o

sterCity

AUGUST 2022 - AUGUST 2023

LISTINGS FOR SALE SOLD LISTINGS

mily Homes onths, year-over-year.

Townhomes onths, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2m last August 2022, to $2 5m 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.

AVGDays OntheMarket

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 103 6% a year later

Condos & Townhomes

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

Half Bay

What's in th

data?

There were 12 sin providing 12 mon new listings, and $2.9m. The medi with an average o

There were 3 con providing 0 mont new listings and 0 $0. The median o with an average o

0 Listings

1 Sold Listing

2 hs of Inventory

$2.9M Median Sale Price

00% an Sale vs List

0 Avg Days on Market

ta, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area 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 but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

CO Condo &

New Listings

Months of Inventory

Median Sale vs List

MoonBay

AUGUST 2022 - AUGUST 2023

mes year-over-year.

omes year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 2m last August 2022, to $2 9m as of August 2023

Condos & Townhomes

The median sales price has decreased from $809k last August 2022, to $0 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 0 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 18 days in August 2022, to 0 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 97 5% last August 2022, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.3% last August 2022, to 0% a year later.

Homes

9 Sold Listings

$6.5M

Median Sale Price

28 Avg Days on Market

Listings Inc, includes all single-family homes, condos and from August 2022 to August 2023. This may include the time the data was gathered. All data is deemed 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

Hillsborough

AUGUST 2022 - AUGUST 2023

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

No data for this month.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

No data for this month.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 8% last August 2022, to 96 8% a year later

Condos & Townhomes

No data for this month.

Millb

What's in the

There were 9 single-f providing 1.3 months new listings and 7 ho of $1.9m. The media 103%, with an averag

There were 3 condo a providing 1 month of listings and 3 units s $1.1m. The median o 102.6%, with an avera

Listings s

1.9M n Sale Price

9 ays on Market

single-family homes, condos and August 2023. This may include was gathered. All data is deemed KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

4 New Listings

3 Sold Listings

1 Months of Inventory

$1.1M Median Sale Price 102.6% Median Sale vs List

4 Avg Days on Market

Millbrae

AUGUST 2022 - AUGUST 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 $2m last August 2022, to $1 9m as of August 2023

Condos & Townhomes

The median sales price has increased from $850k last August 2022, to $1.1m as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last August 2022, to 19 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 23 days in August 2022, to 4 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 101 4% last August 2022, to 103% a year later

Condos & Townhomes

The overbid percentage has increased from 99.6% last August 2022, to 102.6% a year later.

Pacifica

What's in the Pacifica data?

There were 24 single-family homes for sale, providing 1 month of inventory. There were 24 new listings and 25 homes sold at a median p of $1.4m. The median overbid percentage wa 106.3%, with an average of 37 days on the ma

There were 8 condo and townhome units for s providing 4 months of inventory. There were 7 new listings and 2 units sold at a median price $778k. The median overbid percentage was 104.6%, with an average of 5 days on the mark

tings of Inventory

Homes

25 Sold Listings

$1.4M Median Sale Price

6.3% Sale vs List

37 Avg Days on Market

urced from MLS Listings Inc, includes all single-family homes, condos and in the California Area from August 2022 to August 2023. This may include ata, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

AUGUST 2022 - AUGUST 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 $1 2m last August 2022, to $1 4m as of August 2023

Condos & Townhomes

The median sales price has decreased from $845k last August 2022, to $778k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last August 2022, to 37 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 50 days in August 2022, to 5 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 102% last August 2022, to 106 3% a year later

Condos & Townhomes

The overbid percentage has increased from 98% last August 2022, to 104.6% a year later.

SanBru

What's in the San B

There were 15 single-family ho providing 0.8 months of inven new listings and 20 homes so of $1.5m. The median overbid 104.9%, with an average of 13

There were 15 condo and tow sale, providing 3.8 months of i were 11 new listings and 4 un price of $527k. The median ov was 101%, with an average of market.

Mrice s homes, condos and 2023. This may include All data is deemed Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

Market

Listings

3.8

SanBruno

AUGUST 2022 - AUGUST 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 $1 4m last August 2022, to $1 5m as of August 2023

Condos & Townhomes

The median sales price has increased from $475k last August 2022, to $527k 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 13 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 18 days in August 2022, to 23 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 101 3% last August 2022, to 104 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last August 2022, to 101% a year later.

SanCarlos

What's in the San Carlos data?

There were 33 single-family homes for sale, providing 1.9 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.

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

11 New Listings

1.4 Months of Inventory

Listings

SanCarlos

AUGUST 2022 - AUGUST 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 $2 1m last August 2022, to $2 4m as of August 2023

Condos & Townhomes

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

AVGDays OntheMarket

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 104 7% a year later

Condos & Townhomes

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

SanMa

What's in the San M

There were 54 single-family ho providing 1.1 months of inven new listings, and 47 homes so of $1.8m. The median overbid 105%, with an average of 172

There were 52 condo and tow sale, providing 1.5 months of i were 28 new listings and 34 un price of $951k. The median ov was 99.1%, with an average of market.

omes

47 Sold Listings

$1.8M

Median Sale Price

Avg Days on Market

includes all single-family homes, condos and August 2022 to August 2023. This may include time the data was gathered. All data is deemed 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

28 New Listings

1.5

Months of Inventory

99.1%

Median Sale vs List

AUGUST 2022 - AUGUST 2023

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 9m last August 2022, to $1 8m as of August 2023

Condos & Townhomes

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

AVGDays OntheMarket

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.

SouthSan Francisco

What's in the South San Francisco data?

There were 19 single-family homes for sale, providing 0.8 months of inventory. There were 29 new listings and 23 homes sold at a median price of $1.2m. The median overbid percentage was 106 2%, with an average of 19 days on the market

There were 8 condo and townhome units for sale, providing 4 months of inventory. There were 5 new listings and 2 units sold at a median price of $730k. The median overbid percentage was 99.1%, with an average of 16 days on the market.

Single-Family Homes

29 New Listings

23 Sold Listings

0.8 Months of Inventory

$1.2M Median Sale Price

106.2% Median Sale vs List

19 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 3m last August 2022, to $1 2m as of August 2023

Condos & Townhomes

The median sales price has decreased from $740k last August 2022, to $730k 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 19 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 26 days in August 2022, to 16 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 101 9% last August 2022, to 106 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.5% last August 2022, to 99.1% a year later.