Veronica Mocanu - Jan 2024 Market Report | Palo Alto Area
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Palo Alto Los Altos
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Portola Valley
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Menlo Park
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Atherton
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San Jose
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Mountain View
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San Mateo County
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Santa Clara County
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Monterey County
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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.
There were 44 single-family homes for sale, providing 0.9 months of inventory. There were 6 new listings, and 17 homes sold at a median price of $2.9m. The median overbid percentage was at 97.9%, with an average of 28 days on the market.
There were 13 condo and townhome units for sale, providing 0.1 months of inventory. There was 1 new listing, and 7 units sold at a median sale price of $1.2m. The median overbid percentage was at 95.1%, with an average of 94 days on the market.
SFH
Single-Family Homes
6 New Listings
17 Sold Listings
0.9 Months of Inventory
$2.9M Median Sale Price
97.9%
Median Sale vs List
28 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
1 New Listing
7 Sold Listings
0.1
Months of Inventory
$1.2M
Median Sale Price
95.1%
Median Sale vs List
94 Avg Days on Market
PaloAlto
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 remained the same from $2.9m last December 2022, to $2 9m as of December 2023
Condos & Townhomes
The median sales price has decreased from $1 3m last December 2022, to $1 2m 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 28 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 135 days in December 2022, to 94 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 91 8% last December 2022, to 97 9% a year later
Condos & Townhomes
The overbid percentage has remained the same from 95.1% last December 2022, to 95.1% a year later.
Redwood City
What's in the Redwood City data?
There were 52 single-family homes for sale, providing 0.9 months of inventory. There were 12 new listings, and 34 homes sold at a median price of $2m. The median overbid percentage was at 97 2%, with an average of 40 days on the market
There were 17 condo and townhome units for sale, providing 4 months of inventory. There were 2 new listings, and 4 units sold at a median sale price of $1.4m. The median overbid percentage was at 99.2%, with an average of 36 days on the market.
SFH
Single-Family Homes
12 New Listings
34 Sold Listings
0.9 Months of Inventory
$2M Median Sale Price
97.2%
Median Sale vs List
40 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
2 New Listings
4 Sold Listings
4 Months of Inventory
$1.4M Median Sale Price
99.2%
Median Sale vs List
36 Avg Days on Market
woodCity
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 $2 1m last December 2022, to $2m as of December 2023
Condos & Townhomes
The median sales price has increased from $982k last December 2022, to $1 4m as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 31 days last December 2022, to 40 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 51 days in December 2022, to 36 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 90 6% last December 2022, to 97 2% a year later
Condos & Townhomes
The overbid percentage has increased from 90.4% last December 2022, to 99.2% a year later.
Portola Valley
What's in the Portola Valley data?
There were 14 single-family homes for sale, providing 7 months of inventory. There were 0 new listings, and 4 homes sold at a median price of $4.9m. The median overbid percentage was at 101 1%, with an average of 13 days on the market
There was no data for condo and townhouse units this month.
Single-Family Homes
0
New Listings
7 Months of Inventory
4 Sold Listings
$4.9M Median Sale Price
101.1%
Median Sale vs List
13 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
No data for this month.
PortolaValley
DECEMBER 2022 - DECEMBER 2023
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 $3m last December 2022, to $4 9m as of December 2023
Condos & Townhomes
No data for this month
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 64 days last December 2022, to 13 days as of December 2023
Condos & Townhomes
No data for this month
Overbids
Single-Family Homes
The overbid percentage has increased from 66 5% last December 2022, to 101 1% a year later
Condos & Townhomes
No data for this month.
Menlo
What's in the Men
There were 34 single-family providing 1.1 months of inve new listings, and 14 homes s of $2.1m. The median overb 90.6%, with an average of 76
There were 17 condo and tow sale, providing 1.3 months o 1 new listing, and 3 units sol price of $980k. The median o was at 94.4%, with an averag market.
SFH
Single-Family Homes
3 New Listings
14 Sold Listings
1.1 Months of Inventory
$2.1M Median Sale Price
90.6% Median Sale vs List
76 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
1 New Listing
3 Sold Listings
1.3
Months of Inventory
$980K
Median Sale Price
94.4%
Median Sale vs List
78 Avg Days on Market
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $2 7m last December 2022, to $2 1m as of December 2023
Condos & Townhomes
The median sales price has decreased from $2 1m last December 2022, to $980k as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 28 days last December 2022, to 76 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 43 days in December 2022, to 78 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 97 8% last December 2022, to 90 6% a year later
Condos & Townhomes
The overbid percentage has increased from 91.3% last December 2022, to 94.4% a year later.
Atherton
What's in the Atherton data?
There were 26 single-family homes for sale, providing 2 months of inventory. There were 3 new listings, and 5 homes sold at a median price of $6m. The median overbid percentage was at 93.1%, with an average of 80 days on the market.
There was no data for condo and townhouse units this month.
CONDO
Condo & Townhomes
No data for this month.
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 $8 5m last December 2022, to $6m as of December 2023
Condos & Townhomes
The median sales price has remained the same from $0 last December 2022, to $0 as of December 2023
Single-Family Homes
The average time spent on the market went up from 50 days last December 2022, to 80 days as of December 2023
Condos & Townhomes
The average time spent on the market remained the same from 0 days in December 2022, to 0 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 92 5% last December 2022, to 93 1% a year later
Condos & Townhomes
The overbid percentage has remained the same from 0% last December 2022, to 0% a year later.
LosAltos
What's in the Los Altos data?
There were 22 single-family homes for sale, providing 0.7 months of inventory. There were 4 new listings, and 7 homes sold at a median price of $4.3m. The median overbid percentage was at 99.7%, with an average of 22 days on the market.
There were 8 condo and townhome units for sale, providing 5 months of inventory. There were 0 new listings, and 4 units sold at a median sale price of $1.7m. The median overbid percentage was at 92%, with an average of 66 days on the market.
SFH
Single-Family Homes
4 New Listings
7 Sold Listings
0.7 Months of Inventory
$4.3M Median Sale Price
99.7% Median Sale vs List
22 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
0
New Listings
4 Sold Listings
5 Months of Inventory
$1.7M
Median Sale Price
92%
Median Sale vs List
66 Avg Days on Market
Median SalesPrice
Single-Family Homes
The median sales price has increased from $3 7m last December 2022, to $4 3m as of December 2023
Condos & Townhomes
The median sales price has decreased from $2 4m last December 2022, to $1 7m as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 47 days last December 2022, to 22 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 153 days in December 2022, to 66 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 94% last December 2022, to 99 7% a year later
Condos & Townhomes
The overbid percentage has decreased from 100% last December 2022, to 92% a year later.
SanJos
What's in the San
There were 339 single-family providing 0.5 months of inve new listings, and 220 homes price of $1.5m. The median o was at 100.5%, with an avera market.
There were 237 condo and to sale, providing 1 3 months of were 62 new listings, and 108 median sale price of $809k. T percentage was at 99.5%, wi days on the market.
SFH
Single-Family Homes
124 New Listings
220 Sold Listings
0.5 Months of Inventory
$1.5M Median Sale Price
100.5%
Median Sale vs List
24 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
62
New Listings
108 Sold Listings
1.3
Months of Inventory
$809K
Median Sale Price
99.5%
Median Sale vs List
37 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 3m last December 2022, to $1 5m as of December 2023
Condos & Townhomes
The median sales price has increased from $685k last December 2022, to $809k as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 34 days last December 2022, to 24 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 36 days in December 2022, to 37 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 95% last December 2022, to 100 5% a year later
Condos & Townhomes
The overbid percentage has increased from 97.8% last December 2022, to 99.5% a year later.
ings
4 of Inventory
15 Sold Listings
$2M Median Sale Price
4.2% Sale vs List
22 Avg Days on Market
sourced from InfoSparks and Broker Metrics, includes all single-family homes, townhomes in the California Area above from December 2022 to December may include preliminary data, and may vary from the time the data was data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
2
New Listings
11 Sold Listings
1.7
Months of Inventory
$1.5M
Median Sale Price
93.8%
Median Sale vs List
38 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 decreased from $2 3m last December 2022, to $2 0m as of December 2023
Condos & Townhomes
The median sales price has increased from $1 2m last December 2022, to $1 5m as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 47 days last December 2022, to 22 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 24 days in December 2022, to 38 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 91 2% last December 2022, to 104 2% a year later
Condos & Townhomes
The overbid percentage has decreased from 97.4% last December 2022, to 93.8% a year later.
SanMate County
What's in the San Mate data?
There were 217 single-family homes providing 0.8 months of inventory. Th new listings, and 250 homes sold at price of $1.6m. The median overbid p was at 100%, with an average of 32 d market.
There were 117 condo and townhom sale, providing 1.4 months of invento were 32 new listings, and 64 units so median sale price of $826k. The med percentage was at 98.6%, with an av days on the market
SFH
Single-Family Homes
99 New Listings
250 Sold Listings
0.8 Months of Inventory
$1.6M Median Sale Price
100% Median Sale vs List
32 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
32 New Listings
64 Sold Listings
1.4 Months of Inventory
$826K Median Sale Price
98.6%
Median Sale vs List
51 Avg Days on Market
SanMateo
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 $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 $826k 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 32 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 98.6% a year later.
SantaClara County
What's in the Santa Clara County data?
There were 343 single-family homes for sale, providing 0.6 months of inventory. There were 266 new listings, and 452 homes sold at a median price of $1.7m. The median overbid percentage was at 100 8%, with an average of 23 days on the market.
There were 217 condo and townhome units for sale, providing 0.9 months of inventory. There were 116 new listings, and 203 units sold at a median sale price of $880k. The median overbid percentage was at 100%, with an average of 31 days on the market
SFH
Single-Family Homes
266 New Listings
452 Sold Listings
0.6 Months of Inventory
$1.7M Median Sale Price
100.8%
Median Sale vs List
23 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
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
SantaClaraCounty
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 $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 10% 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.
Monterey County
What's in the Monterey County data?
There were 382 single-family homes for sale, providing 2.2 months of inventory. There were 82 new listings, and 101 homes sold at a median price of $933k. The median overbid percentage was at 94 8%, with an average of 57 days on the market.
There were 58 condo and townhome units for sale, providing 3.3 months of inventory. There were 8 new listings, and 10 units sold at a median sale price of $669k. The median overbid percentage was at 95%, with an average of 54 days on the market
SFH
Single-Family Homes
82 New Listings
101 Sold Listings
2.2 Months of Inventory
$933K Median Sale Price
94.8% Median Sale vs List
57 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
8 New Listings
10 Sold Listings
3.3
Months of Inventory
$669K
Median Sale Price
95%
Median Sale vs List
54 Avg Days on Market
MontereyCounty
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 $759k last December 2022, to $933k as of December 2023
Condos & Townhomes
The median sales price has increased from $574k last December 2022, to $669k as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 59 days last December 2022, to 57 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 35 days in December 2022, to 54 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 93% last December 2022, to 94 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 99.7% last December 2022, to 95.1% a year later.
SantaCruz County
What's in the Santa Cruz County data?
There were 268 single-family homes for sale, providing 2.5 months of inventory. There were 44 new listings, and 78 homes sold at a median price of $1m. The median overbid percentage was at 92 8%, with an average of 52 days on the market
There were 75 condo and townhome units for sale, providing 2.8 months of inventory. There were 17 new listings, and 24 units sold at a median sale price of $782k. The median overbid percentage was at 95%, with an average of 34 days on the market.
SFH
Single-Family Homes
44 New Listings
78 Sold Listings
2.5 Months of Inventory
$1M Median Sale Price
92.8% Median Sale vs List
52 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
17
New Listings
24 Sold Listings
2.8
Months of Inventory
$782K
Median Sale Price
95%
Median Sale vs List
34 Avg Days on Market
aCruzCounty
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 1m last December 2022, to $1m as of December 2023
Condos & Townhomes
The median sales price has decreased from $813k last December 2022, to $782k as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market remained the same from 52 days last December 2022, to 52 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 75 days in December 2022, to 34 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 94 6% last December 2022, to 92 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 98.6% last December 2022, to 95.1% a year later.
East PaloAlto
What's in the East Palo Alto data?
There were 5 single-family homes for sale, providing 4 months of inventory. There was 1 new listing, and 5 homes sold at a median price of $945k. The median overbid percentage was at 92%, with an average of 12 days on the market
There were 2 condo and townhome units for sale, providing 1 month of inventory. There was 1 new listing, and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 73 days on the market.
SFH
Single-Family Homes
1 New Listing
5 Sold Listings
4 Months of Inventory
$945K Median Sale Price
92%
Median Sale vs List
12 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
CONDO
Condo & Townhomes
1 New Listing
0 Sold Listings
1 Month of Inventory
$0
Median Sale Price
0%
Median Sale vs List
73 Avg Days on Market
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 $850k last December 2022, to $945k as of December 2023
Condos & Townhomes
The median sales price has remained the same from $0 last December 2022, to $0 as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 79 days last December 2022, to 12 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 0 days in December 2022, to 73 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 85 2% last December 2022, to 92% a year later
Condos & Townhomes
The overbid percentage has remained the same from 0% last December 2022, to 0% a year later.
Sunnyv
What's in the Sunn
There were 32 single-family h providing 0.3 months of inve new listings, and 21 homes s of $2m. The median overbid 105.7%, with an average of 1
There were 18 condo and tow sale, providing 0.6 months of were 3 new listings, and 12 u sale price of $1m. The media was at 101%, with an average market.
SFH
Single-Family Homes
12 New Listings
21 Sold Listings
0.3 Months of Inventory
$2M Median Sale Price
105.7% Median Sale vs List
14 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
3
New Listings
12 Sold Listings
0.6
Months of Inventory
$1M
Median Sale Price
101%
Median Sale vs List
29 Avg Days on Market
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 $1 9m last December 2022, to $2m as of December 2023
Condos & Townhomes
The median sales price has decreased from $1 1m last December 2022, to $1m as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 28 days last December 2022, to 14 days as of December 2023
Condos & Townhomes
The average time spent on the market went up from 26 days in December 2022, to 29 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 96 4% last December 2022, to 105 7% a year later
Condos & Townhomes
The overbid percentage has increased from 97.2% last December 2022, to 101% a year later.
SantaC City
What's in the Sant data?
There were 26 single-family h providing 1.1 months of inve new listings, and 33 homes s of $1.8m. The median overbi 104 4%, with an average of 2
There were 21 condo and tow sale, providing 2 months of in 5 new listings, and 16 units s price of $752k. The median o was at 100.5%, with an avera market.
SFH
Single-Family Homes
10 New Listings
33 Sold Listings
1.1 Months of Inventory
$1.8M Median Sale Price
104.4% Median Sale vs List
22 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
5 New Listings
16 Sold Listings
2 Months of Inventory
$752K Median Sale Price
100.5%
Median Sale vs List
32 Avg Days on Market
SantaClaraCity
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 $1 5m last December 2022, to $1 8m as of December 2023
Condos & Townhomes
The median sales price has decreased from $1m last December 2022, to $752k as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 38 days last December 2022, to 22 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 51days in December 2022, to 12 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 97 3% last December 2022, to 104 4% a year later
Condos & Townhomes
The overbid percentage has increased from 95.5% last December 2022, to 100.5% a year later.
Saratoga
What's in the Saratoga data?
There were 29 single-family homes for sale, providing 1.4 months of inventory. There were 9 new listings, and 15 homes sold at a median price of $3.1m. The median overbid percentage was at 103.4%, with an average of 66 days on the market.
There was 1 condo and townhome unit for sale, providing 0 months of inventory. There were 0 new listings, and 1 unit sold at a median sale price of $1.1m. The median overbid percentage was at 101.9%, with an average of 30 days on the market.
SFH
Single-Family Homes
9 New Listings
1.4 Months of Inventory
103.4%
Median Sale vs List
15 Sold Listings
$3.1M Median Sale Price
66 Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.
Condo & Townhomes
0
New Listings
1 Sold Listing
0
Months of Inventory
$1.1M
Median Sale Price
101.9%
Median Sale vs List
30 Avg Days on Market
Condos & Townhomes
Median SalesPrice
Single-Family Homes
The median sales price has decreased from $3 2m last December 2022, to $3 1m as of December 2023
Condos & Townhomes
The median sales price has increased from $1m last December 2022, to $1 1m as of December 2023
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 41 days last December 2022, to 66 days as of December 2023
Condos & Townhomes
The average time spent on the market went down from 89 days in December 2022, to 30 days as of December 2023.
Overbids
Single-Family Homes
The overbid percentage has increased from 95 7% last December 2022, to 103 4% a year later
Condos & Townhomes
The overbid percentage has increased from 94.5% last December 2022, to 101.9% a year later.
