Fatemah Nikchehi - July 2024 Market Report | San Francisco Bay Area
San Francisco Bay area
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Contra Costa
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San Francisco County
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San Mateo
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Santa Clara
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Solano County
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Sonoma County
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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.
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision
According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:
UNLOCK YOUR DREAM HOME IN
A HIGH-RATE
MARKET
Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.
Lower
PROTECT
WHAT YOU DON’T EXPECT
You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.
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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
Sage Green
View it here
Eight Colrs fo Laundry
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.
Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be
Project Overview
In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.
Construction and Results
Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.
Potential for Gains
After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.
Learn More and Connect with an Expert
Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value
Reach out today
LEARN MORE
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 2,071 single-family homes for sale, providing 1.6 months of inventory. There were 978 new listings, and 696 homes sold at a median price of $1.35m. The median overbid percentage was at 107.8%, with an average of 20 days on the market.
There were 949 condo and townhome units for sale, providing 2 7 months of inventory There were 343 new listings and 191 units sold at a median sale price of $750k. The median overbid percentage was at 102.2%, with an average of 26 days on the market.
mily Homes
ory
696 Sold Listings
$1.3M Median Sale Price
8% ist
20 Avg Days on Market
InfoSparks, includes all single-family homes, condos and rnia Area above from June 2023 to June 2024. This may include vary from the time the data was gathered. All data is deemed guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.
Condo & Townhomes
343
New Listings
191 Sold Listings
2.7
Months of Inventory
102.2%
Median Sale vs List
$750K
Median Sale Price
26
Avg Days on Market
AlamedaCounty
JUNE 2023 - JUNE 2024
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 30m last June 2023, to $1 35m as of June 2024
Condos & Townhomes
The median sale price has increased from $721k last June 2023, to $750k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 16 days last June 2023, to 20 days as of June 2024
Condos & Townhomes
The average time spent on the market went up from 19 days in June 2023, to 26 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 108 5% last June 2023, to 107 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 103% last June 2023, to 102.2% a year later.
Contra Costa
What's in the Contra Costa data?
There were 1,265 single-family homes for sale, providing 2.1 months of inventory. There were 1,005 new listings, and 682 homes sold at a median price of $918k. The median overbid percentage was at 100 9%, with an average of 21 days on the market.
There were 482 condo and townhome units for sale, providing 2.7 months of inventory. There were 284 new listings and 165 units sold at a median sale price of $635k. The median overbid percentage was at 100%, with an average of 30 days on the market
Single-Family Homes
1,005 ew Listings
682 Sold Listings
2.1 Months of Inventory
$918K
Median Sale Price
100.9%
Median Sale vs List
21 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 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.
284 New Listings
165 Sold Listing
2.7 Months of Inventory $635K Median Sale Pric 100%
Median Sale vs List 30 Avg Days on Marke
JUNE
2023 - JUNE 2024
mes year-over-year. omes , year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $920k last June 2023, to $918k as of June 2024
Condos & Townhomes
The median sale price has increased from $628k last June 2023, to $635k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 19 days last June 2023, to 21 days as of June 2024
Condos & Townhomes
The average time spent on the market went up from 23 days in June 2023, to 30 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 102 2% last June 2023, to 100 9% a year later
Condos & Townhomes
The overbid percentage has decreased from 100.2% last June 2023, to 100% a year later.
Napa County
What's in the Napa County data?
There were 305 single-family homes for sale, providing 4.4 months of inventory. There were 75 new listings, and 66 homes sold at a median price of $986k. The median overbid percentage was at 99 3%, with an average of 75 days on the market
There were 42 condo and townhome units for sale, providing 4.3 months of inventory. There were 14 new listings and 10 units sold at a median sale price of $722k. The median overbid percentage was at 100%, with an average of 100 days on the market.
Condo & Townhomes
14
New Listings
10 Sold Listings
4.3
Months of Inventory
$722K
Median Sale Price
100%
Median Sale vs List
100 Avg Days on Market
NapaCounty
JUNE 2023 - JUNE 2024
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 $859k last June 2023, to $986k as of June 2024
Condos & Townhomes
The median sale price has increased from $675k last June 2023, to $722k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 50 days last June 2023, to 75 days as of June 2024
Condos & Townhomes
The average time spent on the market went upfrom 50 days in June 2023, to 100 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 100% last June 2023, to 99 3% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100% last June 2023, to 100% a year later.
San Francisco County
What's in the San Francisco County data?
There were 264 single-family homes for sale, providing 1.5 months of inventory. There were 196 new listings, and 189 homes sold at a median price of $1.65m. The median overbid percentage was at 112%, with an average of 28 days on the market.
There were 672 condo and townhome units for sale, providing 4 months of inventory. There were 236 new listings and 149 units sold at a median sale price of $1m. The median overbid percentage was at 100%, with an average of 43 days on the market.
mily Homes
ory
189 Sold Listings
$1.6M Median Sale Price
5% ist
28 Avg Days on Market
InfoSparks, includes all single-family homes, condos and rnia Area above from June 2023 to June 2024. This may include vary from the time the data was gathered. All data is deemed guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.
Listings
SanFranciscoCounty
JUNE 2023 - JUNE 2024
LISTINGS FOR SALE SOLD LISTINGS
gle-Family Homes
t 12 months, year-over-year.
ndos & Townhomes
t 12 months, year-over-year
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 60m last June 2023, to $1 65m as of June 2024
Condos & Townhomes
The median sale price has decreased from $1 1m last June 2023, to $1m as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 25 days last June 2023, to 28 days as of June 2024
Condos & Townhomes
The average time spent on the market went down from 52 days in June 2023, to 43 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 105 9% last June 2023, to 112% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100% last June 2023, to 100% a year later.
He-Family Homes
4 ings
347 Sold Listings
6 of Inventory
$2M Median Sale Price
5% Sale vs List
19 Avg Days on Market
sourced from InfoSparks, includes all single-family homes, condos and in the California Area above from June 2023 to June 2024. This may include ata, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.
New Listings
2.7
Months of Inventory 100%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 9m last June 2023, to $2m as of June 2024
Condos & Townhomes
The median sale price has increased from $980k last June 2023, to $1 1m as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 21 days last June 2023, to 19 days as of June 2024
Condos & Townhomes
The average time spent on the market went up from 19 days in June 2023, to 29 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 101 3% last June 2023, to 105% a year later
Condos & Townhomes
The overbid percentage has decreased from 100.9% last June 2023, to 100% a year later.
SantaC County
What's in the Sant County data?
There were 902 single-family providing 1.4 months of inve 1,002 new listings, and 802 h median price of $1.9m. The m percentage was at 106 2%, w days on the market.
There were 542 condo and to sale, providing 1.9 months of were 455 new listings and 33 median sale price of $1m. Th percentage was at 102.7%, w days on the market
9M
Price Market
homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.
Condo 455
New Listings
1.9
Months of Inventory
102.7%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 8m last June 2023, to $1 9m as of June 2024
Condos & Townhomes
The median sale price has increased from $1 05m last June 2023, to $1 07m as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 17 days last June 2023, to 15 days as of June 2024
Condos & Townhomes
The average time spent on the market remained the same from 18 days in June 2023, to 18 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 103 9% last June 2023, to 106 2% a year later
Condos & Townhomes
The overbid percentage has increased from 102.3% last June 2023, to 102.7% a year later.
Solano County
What's in the Solano County data?
There were 632 single-family homes for sale, providing 2.3 months of inventory. There were 333 new listings, and 316 homes sold at a median price of $602k. The median overbid percentage was at 100%, with an average of 37 days on the market.
There were 61 condo and townhome units for sale, providing 2.2 months of inventory. There were 27 new listings and 22 units sold at a median sale price of $355k. The median overbid percentage was at 100%, with an average of 41 days on the market
Single-Family Homes
333 New Listings
316 Sold Listings
2.3 Months of Inventory
$602K
Median Sale Price
100%
Median Sale vs List
37 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 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.
New Listings
2.2
Months of Inventory
100%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has increased from $593k last June 2023, to $602k as of June 2024
Condos & Townhomes
The median sale price has increased from $352k last June 2023, to $355k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 32 days last June 2023, to 37 days as of June 2024
Condos & Townhomes
The average time spent on the market went down from 43 days in June 2023, to 41 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 100 5% last June 2023, to 100% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100% last June 2023, to 100% a year later.
Sonoma County
What's in the Sonoma data?
There were 823 single-family homes for sale, providing 2.8 months of inventory. There were 299 new listings, and 318 homes sold at a median price of $835k. The median overbid percentage was at 100%, with an average of 41 days on the market.
There were 97 condo and townhome units for sale, providing 2.5 months of inventory. There were 33 new listings and 37 units sold at a median sale price of $475k. The median overbid percentage was at 100%, with an average of 46 days on the market.
New Listings
2.5
Months of Inventory 100%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has decreased from $850k last June 2023, to $835k as of June 2024
Condos & Townhomes
The median sale price has decreased from $487k last June 2023, to $475k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 39 days last June 2023, to 41 days as of June 2024
Condos & Townhomes
The average time spent on the market went up from 40 days in June 2023, to 46 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 100 6% last June 2023, to 100% a year later
Condos & Townhomes
The overbid percentage has decreased from 101% last June 2023, to 100% a year later.
Southe Centra Marin
What's in the Sout
Marin data?
There were 293 single-family providing 2.1 months of inve new listings, and 176 homes price of $1.79m. The median was at 100%, with an averag market.
There were 106 condo and to sale, providing 2.2 months o were 30 new listings and 55 sale price of $745k. The med percentage was at 100%, wit days on the market.
homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 7M
Price Market
Condo
30 New Listings
2.2
Months of Inventory 100%
Median Sale vs List
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 72m last June 2023, to $1 79m as of June 2024
Condos & Townhomes
The median sale price has decreased from $770k last June 2023, to $745k as of June 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went up from 31 days last June 2023, to 32 days as of June 2024
Condos & Townhomes
The average time spent on the market went up from 30 days in June 2023, to 35 days as of June 2024.
Overbids
Single-Family Homes
The overbid percentage has decreased from 100 4% last June 2023, to 100% a year later
Condos & Townhomes
The overbid percentage has remained the same from 100% last June 2023, to 100% a year later.