Fatemah Nikchehi - December 2024 Market Report San Francisco Bay Area

Page 1


San Francisco Bay area

Jump to Alameda Report Alameda

Contra Costa

Jump to Contra Costa Report

Jump to Napa Report Napa County

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano County

Jump to Solano Report

Sonoma County

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

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.

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell asis instead

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

ANENBERG-ESSERT FAMILYADUIN CAMPBELL ProjectSpotlight:

Enhancing Property Value and Family Living Space with an Acton ADU

The Anenberg-Essert family in Campbell collaborated with Acton ADU to create a versatile, comfortable, and valuable addition to their property. This ADU project is a shining example of how a well-designed accessory dwelling unit can increase property value and serve a family’s unique needs.

GoalsandVision

The family envisioned an ADU that would function as an independent living space for family members, enhance their property’s worth, and provide seamless integration with the main home They wanted a space that balanced privacy with connectivity, feeling like a natural extension of their residence

Design and Construction Details

Constructed at 747 square feet, this ADU was designed with modern, high-quality finishes to serve both aesthetic and practical needs. Key features include:

Vaulted Ceilings

Creates a spacious, open atmosphere

Senior-Friendly Living

Safe, independent space for elderly family members

Fully Equipped Kitchen

Modern amenities for everyday convenience

Open Living Area

Multipurpose area for relaxation and entertainment

Results and Impact

The completion of the Anenberg-Essert ADU led to several valuable outcomes:

Increased Property Value

The ADU addition significantly boosted property value

Flexible Living Space

A versatile space for family, guests, or as a rental

Modern Comforts

High-end finishes and amenities enhance both function and style.

Enhanced Family Living

The ADU enriches the AnenbergEssert family’s home with both privacy and connection

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Alameda

What's in the Alameda data?

There were 1,582 single-family homes for sale, providing 1.4 months of inventory. There were 413 new listings, and 615 homes sold at a median price of $1.2m. The median overbid percentage was at 104.1%, with an average of 34 days on the market.

There were 850 condo and townhome units for sale, providing 3 3 months of inventory There were 170 new listings and 163 units sold at a median sale price of $760k. The median overbid percentage was at 99.6%, with an average of 48 days on the market.

SFH

Single-Family Homes

413 New Listings

615 Sold Listings

1.4 Months of Inventory

$1.2M Median Sale Price

104.1%

Median Sale vs List

34 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

AlamedaCounty

NOVEMBER 2023 - NOVEMBER 2024

ISTINGS

le-Family Homes

12 months, year-over-year.

dos & Townhomes

12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 23m last November 2023, to $1 27m as of November 2024

Condos & Townhomes

The median sale price has increased from $695k last November 2023, to $760k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last November 2023, to 34 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in November 2023, to 48 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 5% last November 2023, to 104 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.5% last November 2023, to 99.6% a year later.

Contra Costa

What's in the Contra Costa data?

There were 971 single-family homes for sale, providing 1.5 months of inventory. There were 510 new listings, and 551 homes sold at a median price of $880k. The median overbid percentage was at 100%, with an average of 30 days on the market.

There were 431 condo and townhome units for sale, providing 2.4 months of inventory. There were 155 new listings and 164 units sold at a median sale price of $649k. The median overbid percentage was at 99.3%, with an average of 36 days on the market

Single-Family Homes

510 New Listings

551 Sold Listings

1.5 Months of Inventory

$880K

Median Sale Price

100%

Median Sale vs List

30

Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

155

New Listings

2.4 Months of Inventory

164 Sold Listings

NOVEMBER 2023 - NOVEMBER 2024

, y r-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $862k last November 2023, to $880k as of November 2024

Condos & Townhomes

The median sale price has increased from $562k last November 2023, to $649k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last November 2023, to 30 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 25 days in November 2023, to 36 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 7% last November 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last November 2023, to 99.3% a year later.

Napa County

What's in the Napa data?

There were 308 single-family providing 4.4 months of inve new listings, and 54 homes s of $895k. The median overbi 98 6%, with an average of 61

There were 46 condo and tow sale, providing 4.8 months of were 7 new listings and 9 un sale price of $765k. The med percentage was at 96.5%, wi days on the market.

48 New Listings

4.4 Months of Inventory

98.6% Median Sale vs List

54 Sold Listings

$895K Median Sale Price

61 Avg Days on Market

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

Condo & Townhomes

7

New Listings

4.8

Months of Inventory

$765K

Median Sale Price 96.5%

Median Sale vs List

99 Avg Days on Market 9 Sold Listings

apaCounty

NOVEMBER 2023 - NOVEMBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

months, year-over-year. & Townhomes

months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $823k last November 2023, to $895k as of November 2024

Condos & Townhomes

The median sale price has increased from $662k last November 2023, to $765k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 75 days last November 2023, to 61 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in November 2023, to 99 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 1% last November 2023, to 98 6% a year later

Condos & Townhomes

The overbid percentage has increased from 95.7% last November 2023, to 96.5% a year later.

San Francisco County

What's in the San Francisco County data?

There were 254 single-family homes for sale, providing 1.4 months of inventory. There were 124 new listings, and 198 homes sold at a median price of $1.5m. The median overbid percentage was at 105.7%, with an average of 30 days on the market.

There were 625 condo and townhome units for sale, providing 3.5 months of inventory. There were 118 new listings and 174 units sold at a median sale price of $1m. The median overbid percentage was at 99.1%, with an average of 66 days on the market.

Single-Family Homes

124 New Listings

198 Sold Listings

1.4 Months of Inventory

$1.5M Median Sale Price

105.7%

Median Sale vs List

30 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

118

New Listings

174 Sold Listings

3.5

Months of Inventory

$1M

Median Sale Price 99.1%

Median Sale vs List

66 Avg Days on Market

SanFranciscoCounty

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 52m last November 2023, to $1 59m as of November 2024

Condos & Townhomes

The median sale price has decreased from $1 1m last November 2023, to $1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 31 days last November 2023, to 30 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 57 days in November 2023, to 66 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 8% last November 2023, to 105 7% a year later

Condos & Townhomes

The overbid percentage has increased from 99% last November 2023, to 99.1% a year later.

SanMateo County

What's in the San Mateo County data?

There were 322 single-family homes for sale, providing 1.1 months of inventory. There were 197 new listings, and 288 homes sold at a median price of $2m. The median overbid percentage was at 102%, with an average of 24 days on the market.

There were 184 condo and townhome units for sale, providing 1.9 months of inventory. There were 64 new listings and 90 units sold at a median sale price of $899k. The median overbid percentage was at 100%, with an average of 54 days on the market

Single-Family Homes

197 New Listings

288 Sold Listings

1.1 Months of Inventory

$2M Median Sale Price

102%

Median Sale vs List

24 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

64

New Listings

90 Sold Listings

1.9

Months of Inventory

$899K Median Sale Price 100%

Median Sale vs List 54 Avg Days on Market

SanMateoCounty

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last November 2023, to $2m as of November 2024

Condos & Townhomes

The median sale price has decreased from $922k last November 2023, to $899k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 25 days last November 2023, to 24 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 44 days in November 2023, to 54 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 9% last November 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 98.8% last November 2023, to 100% a year later.

Santa Coun

What's in the County data?

There were 484 single providing 0.7 months new listings, and 675 price of $1.9m. The m was at 103%, with an market.

There were 434 condo sale, providing 1.4 mo were 243 new listings median sale price of $ percentage was at 10 days on the market

439 New Listings

675 Sold Listings

0.7 Months of Inventory

$1.9M Median Sale Price

103%

Median Sale vs List

s single-family homes, condos and November 2023 to November 2024. This time the data was gathered. All 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

22 Avg Days on Market

Condo & Townhomes

243

New Listings

292 Sold Listings

1.4

Months of Inventory

$1M

Median Sale Price

100.1%

Median Sale vs List

30 Avg Days on Market

antaClaraCounty

NOVEMBER 2023 - NOVEMBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last November 2023, to $1 9m as of November 2024

Condos & Townhomes

The median sale price has increased from $930k last November 2023, to $1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last November 2023, to 22 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in November 2023, to 30 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 6% last November 2023, to 103% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.2% last November 2023, to 100.1% a year later.

Solano County

What's in the Solano County data?

There were 592 single-family homes for sale providing 2 months of inventory. There were new listings, and 242 homes sold at a media price of $599k. The median overbid percenta was at 100%, with an average of 47 days on market.

There were 78 condo and townhome units fo sale, providing 2.9 months of inventory. Ther were 30 new listings and 14 units sold at a m sale price of $495k. The median overbid percentage was at 100%, with an average of days on the market

He-Family Homes

221 New Listings

242 Sold Listings

2 Months of Inventory

$599K

Median Sale Price

100%

Median Sale vs List

47 Avg Days on Market

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

Condo & Town

30

New Listings

14 Sold Listings

2.9

Months of Inventory

$495K

Median Sale Price

100%

Median Sale vs List

28 Avg Days on Market

NOVEMBER 2023 - NOVEMBER 2024

NGS FOR SALE SOLD LISTINGS

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $568k last November 2023, to $599k as of November 2024

Condos & Townhomes

The median sale price has increased from $452k last November 2023, to $495k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last November 2023, to 47 days as of November 2024

Condos & Townhomes

The average time spent on the market went down from 34 days in November 2023, to 28 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last November 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last November 2023, to 100% a year later.

Son Cou

What's in

There were 70 providing 2.3 m new listings, a price of $807k was at 100%, w market.

There were 71 sale, providing were 28 new li sale price of $ percentage wa days on the m

169 New Listings

250 Sold Listings

2.3 Months of Inventory

$807K Median Sale Price

100% Median Sale vs List

66 Avg Days on Market

Condo & Town

28 New Listings

40 Sold Listings

1.7

Months of Inventory

$454K

Median Sale Price

100%

Median Sale vs List

60 Avg Days on Market

NOVEMBER 2023 - NOVEMBER 2024

INGS FOR SALE SOLD LISTINGS

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $792k last November 2023, to $807k as of November 2024

Condos & Townhomes

The median sale price has decreased from $501k last November 2023, to $454k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 51 days last November 2023, to 66 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 53 days in November 2023, to 60 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last November 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last November 2023, to 100% a year later.

HFamily Homes

51 New Listings

133 Sold Listings

1.5 Months of Inventory

$1.6M

Median Sale Price

99.3%

Median Sale vs List

47 Avg Days on Market

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

Condo & Townhomes

21

New Listings

38 Sold Listings

2.4

Months of Inventory

$774K

Median Sale Price

100%

Median Sale vs List

69 Avg Days on Market

S/CMarin

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 7m last November 2023, to $1 6m as of November 2024

Condos & Townhomes

The median sale price has decreased from $782k last November 2023, to $774k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last November 2023, to 47 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 48 days in November 2023, to 69 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last November 2023, to 99 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.5% last November 2023, to 100% a year later.

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