Copyright by KW Advisors 2022
MarketReport Market Report for the Palo Alto Bay area December 2022.
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Jump to Mountain View
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Jump to Santa Clara County
Monterey County
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What’syourhome reallyworthin today’smarket?
This is a question we should all be asking ourselves
Our market is incredibly diverse, and changing rapidly Values may vary, not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors' home is The current market is what sets the value of your home
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
Icanhelp...
WhyThereWon’tBeaFlood ofForeclosuresComingtothe HousingMarket
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined to repeat the crash we saw in 2008. Though there are some parallels, the current market conditions differ significantly from those of the dot-com bubble in 2000. This time around the market presents a much more stable and secure landscape than it did previously, thanks to significantly reduced levels of foreclosure. Here’s a look at why there won’t be a wave of foreclosures flooding the market.
MonthlyMarketUpdate
Week of December 5, 2022 in Review
Reports on home prices, inflation and unemployment highlighted a relatively quiet economic calendar, while recession signals continue flashing
Wholesale Inflation Hotter Than Anticipated
The Producer Price Index (PPI), which measures inflation on the wholesale level, rose by a higher than expected 0 3% in November
Are Home Prices Still Forecasted to Appreciate?
CoreLogic released their Home Price Index report for October, showing that home prices declined by 0 1% from September but they were 10 1% higher when compared to October of last year
Continuing Jobless Claims Reach a 10-Month High
The
number of people filing for unemployment benefits for the first time rose by 4,000 in the latest week, as 230,000 Initial Jobless Claims were reported
The Fed's two-day meeting begins Tuesday, with the Monetary Policy Statement and press conference coming on Wednesday What to Look for This Week Mortgage Bonds broke beneath their 100-day Moving Average on Friday, which is a negative However, there is support not too far beneath present levels at the 100 53 Fibonacci level and some potentially Bond-friendly news is ahead this week Technical Picture Julie Shumate NMLS# 310202 Loan Consultant 700 Airport Boulevard Suite 280 Burlingame, CA 94010 Office: (650) 993-7581 Cell: (925) 413-6963 Loan Consultant My Website Email Me CA LIC # CA-DBO310202 We are seeing more inversions on the yield curve, including 2-year yields moving higher than 10-year yields last week to reach the deepest inversion since 1981 More Recession Signals Flashing
MonthlyMarketUpdate
Pending Home Sales fell 4 6% from
decline Sales were also 37% lower than they were
year Why Signed Contracts on Existing Homes Are Set
Rebound The Case-Shiller Home Price Index, which is considered the "gold standard" for appreciation, showed home prices fell 1% in September but they were 10 6% higher when compared to September of last year What the Latest Home Price Appreciation Data Really Means If you have any questions, contact me anytime! I can help your clients explore the best mortgage options for either a purchase or refinance. Julie Shumate NMLS# 310202 Loan Consultant 700 Airport Boulevard Suite 280 Burlingame, CA 94010 Office: (650) 993-7581 Cell: (925) 413-6963 Loan Consultant The second reading of third quarter Gross Domestic Product (GDP) showed that the U S economy grew by 2 9% Third Quarter GDP Remains Positive This week's economic calendar is relatively quiet but highlighted by the latest Jobless Claims data on Thursday and the Producer Price Index on Friday, which will give us an update on wholesale inflation for last month What to Look for This Week My Website Email Me CA LIC # CA-DBO310202
September to October, marking the fifth straight monthly
in October of last
to
PaloAlto
What's in the Palo Alto data?
Palo Alto’s single-family housing market has decreased, since last November, to a $3.3 million median. The number of homes sold decreased to 24 with only 22 new listings. The number of condo and townhome sales has decreased to $1.2 million with 11 units sold and 6 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
6 New Listings 3 Months of Inventory $1M Median Sale Price 91.1% Median Sale vs List 30 Avg Days on Market 11 Sold Listings CONDO Condo & Townhomes
022September2022October2022November2022 022September2022October2022November2022 STINGS y y
Single Family Homes
The median sales price has decreased from $3.6m last year's November to $3.3m this year.
Condos & Townhomes
The median sales price has decreased from $1 2m last November 2021 to $1m by November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market has decreased from 36 days of the same month last year, to 30 days this year.
Condos & Townhomes
The average days on market has gone down from last year's November with 31 days, to 30 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 105.4% last year's November, to 99.4% this year.
Condos & Townhomes
The overbid percentage decreased from 104 1% of November 2021, to 91 1% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
Redwood City
What's in the Redwood City data?
Redwood City’s single-family housing market has decreased, since last November, to a $1.8 million median. The number of homes sold decreased to 31 with only 26 new listings. The number of condo and townhome sales has decreased to $1 million with 15 units sold and 7 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
7 2.2 Months of Inventory $1M Median Sale Price 96.8% Median Sale vs List 20 Avg Days on Market 15 New Listings Sold Listings CONDO Condo & Townhomes
2022 July2022August2022September2022October2022November2022 e2022 July2022August2022September2022October2022November2022 City SOLD LISTINGS y y
The median sales price has decreased from $2 1m last year's November to $1 8m this year
Condos & Townhomes
The median sales price has slightly decreased from $1.06m last November 2021 to $1m by November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 24 days of the same month last year, to 32 days this year.
Condos & Townhomes
The average days on market has gone up from last year's November with 13 days, to 20 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 111% last year's November, to 95.8% this year.
Condos & Townhomes
The overbid percentage has decreased from 102 6% of November 2021, to 96 8% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$3,000,000 $2,000,000 $1,000,000
Family Homes
Median SalesPrice Single
Portola Valley
What's in the Portola Valley data?
Portola Valley’s single-family housing market has increased, since last November, to a $4.4 million median. The number of homes sold decreased to 5 and the number of new listings decreased to 1. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
Median
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
$4.4M
Sale Price
62 5 Sold Listings omes
Days
Market
Avg
on
0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
June2022 July2022August2022September2022October2022November2022 June2022 July2022August2022September2022October2022November2022 alley NOVEMBER 2021 - NOVEMBER 2022 SOLD LISTINGS y y
Single Family Homes
The median sales increased from $4 2m of last year's November, to $4 4m this year
Condos & Townhomes
The median sales price record same from last year's November having $0m to $0m this year.
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 23 days last year's November, to 60 days a year later.
Condos & Townhomes
The average days on market is almost the same from November last year's 0 days to 0 days this year
Overbids
Single Family Homes
The overbid percentage has slightly decreased from 98.6% of last year's November, to 98.4% this year.
Condos & Townhomes
The overbid percentage is same from last year's November of 0% to this year's 0%
November2021December2021January2022February2022March2022April2022May2022June2022July2022
September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0% Median SalesPrice
August2022
$7,500,000 $5,000,000 $2,500,000 $0
Menlo Park
What's in the Menlo Park data?
Menlo Park’s single-family housing market has slightly decreased, since last November, to a $2.8 million median. The number of homes sold decreased to 21 with only 18 new listings. The number of condo and townhome sales decreased month-over-month to $1 million with 2 units sold and 1 new listing. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
18 New Listings 1.5 Months of Inventory $2.8M Median Sale Price 95.9% Median Sale vs List 27 21 Sold Listings SFH Single Family Homes
data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may
preliminary data, and vary
the time the data
gathered.
data
reliable
KW Advisors.
owned and operated. Avg Days on Market
The
include
from
was
All
is deemed
but not guaranteed. Questions may be directed to
415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently
1 New Listings 1.8 Months of Inventory $1M Median Sale Price 91% Median Sale vs List 53 Avg Days on Market 2 Sold Listings CONDO Condo & Townhomes
er2022November2022 ber2022November2022 y y
Single Family Homes
The median sales price has decreased from $3 3m last year's November to $2 8m this year
Condos & Townhomes
The median sales price has decreased from $2m last November 2021 to $1m a year later.
AVGDays OntheMarket
Single Family Homes
The average days on the market has increased from 17 days of November 2021 to 27 days this November 2022.
Condos & Townhomes
The average days on the market has increased from 33 days of November 2021 to 53 days this November 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 102.9% record last year's November, to 95.9% this year.
Condos & Townhomes
The overbid percentage has decreased from 101% last year's November, to 91% this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 60 40 20 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
November2021
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
Atherton
What's in the Atherton data?
Atherton’s single-family housing market has increased, since last November, to $10 million. The number of homes sold decreased to 5 with no new listings. The number of condo and townhome sales increased to $787k with 1 unit sold and no new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
0 New Listings 7.3
of Inventory $10M Median Sale Price
Sale
83 5 Sold Listings
Months
Median
vs List
SFH Single Family Homes
Days
Market 93.9%
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated. Avg
on
0 New Listings 0 Months of Inventory $787K Median Sale Price 95.5% Median Sale vs List 12 Avg Days on Market 1 Sold Listings CONDO Condo & Townhomes
ember2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 mber2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022
NOVEMBER 2021 - NOVEMBER 2022 FOR SALE SOLD LISTINGS
Family Homes
& Townhomes
12
Atherton
ngle
ast 12 months, year-over-year. ondos
ast
months, year-over-year
Single Family Homes
The median sales price increased from $8m in November 2021 to $10m in November 2022
Condos & Townhomes
The median sales price increased from $0 in November 2021 and $787k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 16 days last November 2021 to 83 days by November 2022.
Condos & Townhomes
The average days on market increased from 0 days in November 2021 to 12 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 95.4% last November 2021 to 93.9% a year later.
Condos & Townhomes
The overbid percentage increased from 0% last November 2021 to 95 5% a year later
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
$0 November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 125 100 75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$20,000,000 $15,000,000 $10,000,000 $5,000,000
Median SalesPrice
LosAltos
What's in the Los Altos data?
Los Altos’ single-family housing market has decreased, since last November, to $3.8 million. The number of homes sold decreased to 19 with 11 new listings. The number of condo and townhome sales decreased to $974k with 3 units sold and 4 new listings. Buyers have remained aggressive with offer prices persisting at around 100%.
Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from October 2021 to October 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
11 w Listings 1 nths of Inventory $3.8M Median Sale Price 94.4% dian Sale
List 30 19 Sold Listings
vs
SFH ngle Family Homes
Market
Avg Days on
4 New Listings 10 Months of Inventory $974K Median Sale Price 94.4% Median Sale vs List 15 Avg Days on Market 3 Sold Listings CONDO Condo & Townhomes
August2022September2022October2022November2022 August2022September2022October2022November2022 ISTINGS y y
Median SalesPrice
Single Family Homes
The median sales price decreased from $4 6m in November 2021 to $3 8m in November 2022
Condos & Townhomes
The median sales price decreased from $1.7m in November 2021 and $974k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 15 days last November 2021 to 30 days by November 2022
Condos & Townhomes
The average days on market decreased from 57 days in November 2021 to 15 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 108.9% last November 2021 to 94.4% a year later.
Condos & Townhomes
The overbid percentage decreased from 96 3% last November 2021 to 94 4% a year later
December2021January2022
October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
November2021
February2022March2022April2022May2022June2022July2022August2022September2022
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
SanJose
What's in the San Jose data?
San Jose’s single-family housing market has slightly decreased since last November, to $1.4 million. The number of homes sold decreased to 257 with only 228 new listings. The number of condo and townhome sales decreased to $776k with 94 units sold and 82 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
228 New Listings 1.3 Months of Inventory $1.4M Median Sale Price 96% Median Sale vs List 25 257 Sold Listings SFH Single Family Homes
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
82 New Listings 1.6 Months of Inventory $776K Median Sale Price 96.9% Median Sale vs List 36 Avg Days on Market 94 Sold Listings CONDO Condo & Townhomes
2October2022November2022 2October2022November2022 GS y y
Single Family Homes
The median sales price slightly decreased from $1 470m in November 2021 to $1 4m in November 2022
Condos & Townhomes
The median sales price decreased from $810k in November 2021 and $776k in November 2022
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 15 days last November 2021 to 25 days by November 2022.
Condos & Townhomes
The average days on market increased from 21 days in November 2021 to 36 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 109.5% last November 2021 to 96% a year later.
Condos & Townhomes
The overbid percentage decreased from 103 6% last November 2021 to 96 9% a year later
December2021January2022February2022March2022April2022May2022June2022July2022
September2022October2022November2022
November2021
August2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
Mountain View
What's in the Mountain View
data? Mountain View’s median sold price for single-family homes has increased since last November to $2.7 million. The number of homes sold decreased to 9 with only 7 new listings. The number of condo and townhome sales decreased to $1.2 million with 17 units sold and 6 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
2.7M an Sale Price 7 Days on Market Listings es
6 New Listings 1.7 Months of Inventory $1.2M Median Sale Price 96.5% Median Sale vs List 30 Avg Days on Market 17 Sold Listings CONDO Condo & Townhomes
October2022November2022 October2022November2022 S y y
Single Family Homes
The median sales price has gone up from $2 5m last November 2021, to $2 7m by November 2022
Condos & Townhomes
The median sales price has slightly decreased from $1.2m of November 2021 to $1.2m by November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market from November 2021 was 16 days up to 37 days this year
Condos & Townhomes
The average days on market significantly increased from 26 days last year's November, to 30 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 113.8% last year to 94.2% this year's November .
Condos & Townhomes
The overbid percentage has slightly decreased from 101 3% last year to 96 5% this year's November
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 60 40 20 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
Median SalesPrice
SanMateo County
What's in the San Mateo County
data? San Mateo County’s median sold price for single-family homes decreased in November to $1.7 million. The number of homes sold decreased to 225 with only 177 new listings. The number of condo and townhome sales decreased to $900k with 77 units sold and 49 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
$1.7M
Sale Price 30 225 Sold Listings
Median
omes
Avg Days on Market
CONDO Condo & Townhomes 49 New Listings 3.3 Months of Inventory $900K Median Sale Price 94.5% Median Sale vs List 46 Avg Days on Market 77 Sold Listings
ember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 ber2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 FOR SALE SOLD LISTINGS anMateo NOVEMBER 2021 - NOVEMBER 2022 Family Homes 2 months, year-over-year. os & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price decreased from $2 2m last November 2021, to $1 7m a year later
Condos & Townhomes
The median sales price has slightly decreased from $940k last year's November to $900k this year.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 21 days last year's November, to 30 days this year.
Condos & Townhomes
From 28 days average days on the market record last year, it has increased to 46 days after a year
Overbids
Single Family Homes
The overbid percentage has decreased from 0% last year's November, to 0% this year.
Condos & Townhomes
The overbid percentage has gone down from 0% last year's November, to 0% this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
SantaClara County
What's in the Santa Clara County data?
Santa Clara County’s median sold price for single-family homes has decreased since last November to $1.6 million. The number of homes sold decreased to 498 with only 450 new listings. The number of condo and townhome sales increased to $889k with 213 units sold and 156 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
50 Listings .6 ths of Inventory $1.6M Median Sale Price 6.7% an Sale vs List 30 498 Sold Listings FH ngle Family Homes
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
CONDO Condo & Townhomes 156 New Listings 1.7 Months of Inventory $889K Median Sale Price 95.1% Median Sale vs List 33 Avg Days on Market 213 Sold Listings
July2022August2022September2022October2022November2022 July2022August2022September2022October2022November2022 LD LISTINGS y y
Single Family Homes
The median sales price slightly decreased from $1 7m last year's November, to $1 6m this year
Condos & Townhomes
The median sales price increased from $887k last year's November, to $889k this year.
AVGDays OntheMarket
Single Family Homes
The average days on market has significantly increased from 20 days last November 2021, to 30 days this year's November.
Condos & Townhomes
The average days on market has gone up again from 23 days last year's November, to 33 days this year
Overbids
Single Family Homes
The overbid percentage is down from 109% last November 2021 to 96.7% a year later.
Condos & Townhomes
The overbid percentage has decreased from 103 3% last November 2021, to 95 1% this year
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
Monterey County
What's in the Monterey County data?
Monterey County’s median sold price for single-family homes has decreased since last November to $822k. The number of homes sold decreased to 118 with only 125 new listings. The number of condo and townhome sales increased to $648k with 16 units sold and 21 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
125 New Listings 2.9 Months of Inventory $822K Median Sale Price 85.8% Median Sale vs List 47 118 Sold Listings SFH Single Family Homes
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Avg Days on Market
The
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Metrics, includes all
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from November 2021 to November 2022. This may include
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415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned
operated.
CONDO Condo & Townhomes 21 New Listings 2.5 Months of Inventory $648K Median Sale Price 97.6% Median Sale vs List 60 Avg Days on Market 16 Sold Listings
November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 1,000 750 500 250 0 November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 125 100 75 50 25 0 MontereyCounty NOVEMBER 2021 - NOVEMBER 2022 FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price slightly decreased from $827k in November 2021 to $822k in November 2022
Condos & Townhomes
The median sales price decreased from $650k in November 2021 and $648k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 40 days last November 2021 to 47 days by November 2022.
Condos & Townhomes
The average days on market increased from 25 days in November 2021 to 36 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 96.5% last November 2021 to 85.8% a year later.
Condos & Townhomes
The overbid percentage decreased from 99 7% last November 2021 to 97 6% a year later
December2021January2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
60 40 20 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
November2021
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 $1,000,000 $750,000 $500,000 $250,000 $0
November2022
Median SalesPrice
SantaCruz County
What's in the Santa Cruz County data?
Santa Cruz County’s median sold price for single-family homes has decreased since last November to $1.2 million. The number of homes sold decreased to 84 with 91 new listings. The number of condo and townhome sales has increased to $856k with 18 units sold and 15 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
91 New Listings 2.2 Months of Inventory $1.2M Median Sale Price 96.3% Median Sale vs List 41 84 Sold Listings SFH Single Family Homes
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
CONDO Condo & Townhomes 15 New Listings 1.5 Months of Inventory $856K Median Sale Price 96% Median Sale vs List 23 Avg Days on Market 18 Sold Listings
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 ntaCruzCounty NOVEMBER 2021 - NOVEMBER 2022 FOR SALE SOLD LISTINGS mily Homes months, year-over-year. Townhomes months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price slightly decreased from $1 262m in November 2021 to $1 245m in November 2022
Condos & Townhomes
The median sales price increased from $779k in November 2021 and $856k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 34 days last November 2021 to 41 days by November 2022.
Condos & Townhomes
The average days on market increased from 21 days in November 2021 to 23 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 100.2% last November 2021 to 96.3% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 3% last November 2021 to 96% a year later
December2021January2022February2022March2022April2022May2022June2022July2022
October2022
November2021
August2022September2022
November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 50 40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
East PaloAlto
What's in the East Palo Alto data?
East Palo Alto’s single-family housing market has decreased since last November to a $785k median. The number of homes sold has decreased to 5 with only 3 new listings. The number of condo and townhome sales decreased to $432k with 2 units sold and no new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
Homes
5
Sold Listings
$785K
Median
Sale Price 97
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
CONDO Condo & Townhomes 0 New Listings 0 Months of Inventory $432K Median Sale Price 93.5% Median Sale vs List 0 Avg Days on Market 2 Sold Listings
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
y2022August2022September2022October2022November2022 y2022August2022September2022October2022November2022 D LISTINGS EastPaloAlto
NOVEMBER 2021 - NOVEMBER 2022
Single Family Homes
The median sales price decreased from $985k in November 2021 to $785k in November 2022
Condos & Townhomes
The median sales price decreased from $525k in November 2021 and $432k in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 23 days last November 2021 to 97 days by November 2022.
Condos & Townhomes
In November 2021, the average number of days on market is 0 days, same as this year
Overbids
Single Family Homes
The overbid percentage decreased from 98.3% last November 2021 to 94.6% a year later.
Condos & Townhomes
The overbid percentage decreased from 100.2% last November 2021 to 93.5% a year later.
December2021January2022February2022March2022April2022May2022June2022July2022
October2022November2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
100 75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
SalesPrice
November2021
August2022September2022
$1,500,000 $1,000,000 $500,000 $0
November2022
Median
Sunnyvale
What's in the Sunnyvale data?
Sunnyvale’s median sold price for single-family homes has decreased, since last November, to a $2.1 million median. The number of homes sold decreased to 36 with 33 new listings. The number of condo and townhome sales decreased to $1.2 million with 25 units sold and 11 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
CONDO Condo & Townhomes 11 New Listings 2 Months of Inventory $1.2M Median Sale Price 96.3% Median Sale vs List 39 Avg Days on Market 25 Sold Listings
y y
Single Family Homes
The median sales price decreased from $2 3m in November 2021 to $2 1m in November 2022
Condos & Townhomes
The median sales price decreased from $1 3m in November 2021 and $1.2m in November 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market decreased from 29 days last November 2021 to 23 days by November 2022.
Condos & Townhomes
The average days on market increased from 20 days in November 2021 to 39 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 114.7% last November 2021 to 103.3% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 2% last November 2021 to 96 3% a year later
December2021January2022
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022
40 30 20 10 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
November2021
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022 $3,000,000 $2,000,000 $1,000,000 $0
November2022
Median SalesPrice
505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto :
