Fatemah Nikchehi - September 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.

TiptheScale

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.

An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:

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.

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.

CLICK HERE TO WATCH THE VIDEO

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.

Source : https://www familyhandyman com/list/laundry-room-colors/

AVOID ADU NIGHTMARES:

Hire the Right Partner

Adding an Accessory Dwelling Unit (ADU) boosts your property value and adds living space. Choose the right partner to ensure your project is smooth and successful.

Choose Expertise Over Inexperience

Building an ADU needs more than construction skills; it requires knowledge of local rules and design. Trust Acton ADU's expertise to avoid mistakes and ensure a seamless process.

Verify

Your ADU Partner’s Credentials

Check that your contractor knows ADU design and local rules to avoid errors. Choose someone with a strong track record in ADU projects.

Conduct Thorough Site Assessments

Not every property suits ADUs. Use experts for site assessments to avoid costly mistakes.

Put Your Trust in The Right Company

Acton ADU has been successfully helping homeowners achieve their property goals for over 35 years. Making the wrong choice in the ADU market can lead to serious financial setbacks. ADUs aren't always ways, but Acton ADU can make it feel that way.

START YOUR ADU PROJECT RIGHT

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 2,045 single-family homes for sale, providing 1.5 months of inventory. There were 891 new listings, and 664 homes sold at a median price of $1.2m. The median overbid percentage was at 105%, with an average of 24 days on the market.

There were 987 condo and townhome units for sale, providing 2 7 months of inventory There were 362 new listings and 219 units sold at a median sale price of $700k. The median overbid percentage was at 99.6%, with an average of 29 days on the market.

SFH

Single-Family Homes

891 New Listings

664 Sold Listings

1.5 Months of Inventory

$1.2M Median Sale Price

105% 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 August 2023 to August 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

AUGUST 2023 - AUGUST 2024

le-Family Homes

12 months, year-over-year.

dos & Townhomes

12 months, year-over-year

Single-Family Homes

The median sale price has increased from $1 25m last August 2023, to $1 255m as of August 2024

Condos & Townhomes

The median sale price has decreased from $717k last August 2023, to $700k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last August 2023, to 24 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 24 days in August 2023, to 29 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 9% last August 2023, to 105% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last August 2023, to 99.6% a year later.

Contra Costa

What's in the Contra Costa data?

There were 1,227 single-family homes for sale, providing 2 months of inventory. There were 844 new listings, and 666 homes sold at a median price of $849k. The median overbid percentage was at 100 1%, with an average of 27 days on the market.

There were 491 condo and townhome units for sale, providing 2.8 months of inventory. There were 285 new listings and 187 units sold at a median sale price of $600k. The median overbid percentage was at 100%, with an average of 40 days on the market

Single-Family Homes

844

New Listings

666 Sold Listings

2 Months of Inventory

$849K

Median Sale Price

100.1%

Median Sale vs List

27

Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2023 to August 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.

AUGUST 2023 - AUGUST 2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $836k last August 2023, to $849k as of August 2024

Condos & Townhomes

The median sale price has remained the same from $600k last August 2023, to $600k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last August 2023, to 27 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in August 2023, to 40 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 4% last August 2023, to 100 1% a year later

Condos & Townhomes

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

Napa County

What's in the Napa data?

There were 332 single-family providing 4.7 months of inve new listings, and 64 homes s of $989k. The median overbi 99 1%, with an average of 58

There were 49 condo and tow sale, providing 5.1 months of were 20 new listings and 10 sale price of $641k. The med percentage was at 100%, wit days on the market.

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

Condo & Townhomes

20

New Listings

10

Sold Listings

5.1

Months of Inventory

$641K

Median Sale Price 100%

Median Sale vs List 76 Avg Days on Market

apaCounty

AUGUST 2023 - AUGUST 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 decreased from $1m last August 2023, to $989k as of August 2024

Condos & Townhomes

The median sale price has decreased from $665k last August 2023, to $641k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 54 days last August 2023, to 58 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in August 2023, to 76 days as of August 2024.

Overbids

Single-Family

Homes

The overbid percentage has decreased from 100% last August 2023, to 99 1% a year later

Condos & Townhomes

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

San Francisco County

What's in the San Francisco County data?

There were 219 single-family homes for sale, providing 1.2 months of inventory. There were 188 new listings, and 154 homes sold at a median price of $1.5m. The median overbid percentage was at 108%, with an average of 32 days on the market.

There were 592 condo and townhome units for sale, providing 3.5 months of inventory. There were 246 new listings and 151 units sold at a median sale price of $1m. The median overbid percentage was at 99.5%, with an average of 61 days on the market.

Single-Family Homes

188 New Listings

154 Sold Listings

1.2 Months of Inventory

$1.5M Median Sale Price

107.6%

Median Sale vs List

32 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from August 2023 to August 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

246

New Listings

151 Sold Listings

3.5

Months of Inventory

$1M

Median Sale Price 99.5%

Median Sale vs List

61 Avg Days on Market

SanFranciscoCounty

AUGUST 2023 - AUGUST 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 57m last August 2023, to $1 54m as of August 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 35 days last August 2023, to 32 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 58 days in August 2023, to 61 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 8% last August 2023, to 108% a year later

Condos & Townhomes

The overbid percentage has increased from 99.4% last August 2023, to 99.5% a year later.

SanMateo County

What's in the San Mateo County data?

There were 451 single-family homes for sale, providing 1.5 months of inventory. There were 417 new listings, and 319 homes sold at a median price of $1.7m. The median overbid percentage was at 104 2%, with an average of 24 days on the market.

There were 219 condo and townhome units for sale, providing 2.4 months of inventory. There were 141 new listings and 97 units sold at a median sale price of $910k. The median overbid percentage was at 100%, with an average of 37 days on the market

Single-Family Homes

417 New Listings

319 Sold Listings

1.5 Months of Inventory

$1.7M Median Sale Price

104.2%

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 August 2023 to August 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.

141 New Listings

Median Sale vs List 37 Avg Days on Market 97 Sold Listings

2.4 Months of Inventory $910K Median Sale Price

SanMateoCounty

AUGUST 2023 - AUGUST 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 785m last August 2023, to $1 78m as of August 2024

Condos & Townhomes

The median sale price has decreased from $1m last August 2023, to $910k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last August 2023, to 24 days as of August 2024

Condos & Townhomes

The average time spent on the market went down from 48 days in August 2023, to 37 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 1% last August 2023, to 104 2% a year later

Condos & Townhomes

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

Santa Coun

What's in the County data?

There were 794 single providing 1.2 months new listings, and 738 price of $1.8m. The m was at 103%, with an market.

There were 525 condo sale, providing 1.8 mo were 429 new listings median sale price of $ percentage was at 10 days on the market

38 Listings

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

1.8M an Sale Price

9 Days on Market

Condo & Townhomes

429

New Listings

290 Sold Listings

1.8

Months of Inventory

$1M

Median Sale Price

100.1%

Median Sale vs List

24 Avg Days on Market

antaClaraCounty

AUGUST 2023 - AUGUST 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 82m last August 2023, to $1 83m as of August 2024

Condos & Townhomes

The median sale price has increased from $950k last August 2023, to $1m as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 18 days last August 2023, to 19 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 19 days in August 2023, to 24 days as of August 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104% last August 2023, to 103% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.3% last August 2023, to 100.1% a year later.

Solano County

What's in the Solano County data?

There were 631 single-family homes for sale providing 2.2 months of inventory. There we new listings, and 284 homes sold at a media price of $600k. The median overbid percenta was at 100%, with an average of 41 days on market.

There were 70 condo and townhome units fo sale, providing 2.6 months of inventory. Ther were 29 new listings and 26 units sold at a m sale price of $372k. The median overbid percentage was at 100%, with an average of days on the market

He-Family Homes

7 ngs

284 Sold Listings

2 f Inventory

$600K Median Sale Price

0% ale vs List

41 Avg Days on Market

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

AUGUST 2023 - AUGUST 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 $595k last August 2023, to $600k as of August 2024

Condos & Townhomes

The median sale price has increased from $370k last August 2023, to $372k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last August 2023, to 41 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 28 days in August 2023, to 54 days as of August 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Son Cou

What's in

There were 82 providing 2.7 m new listings, a price of $819k was at 100%, w market. There were 96 sale, providing were 43 new li sale price of $ percentage wa days on the m

and may data is San

Median Sale vs List Avg Days

AUGUST 2023 - AUGUST 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 decreased from $850k last August 2023, to $819k as of August 2024

Condos & Townhomes

The median sale price has decreased from $485k last August 2023, to $470k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 47 days last August 2023, to 52 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 20 days in August 2023, to 52 days as of August 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has decreased from 101.5% last August 2023, to 100% a year later.

HFamily Homes

129 Sold Listings

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

$1.4M Median Sale Price

% vs List

40 Avg Days on Market

34

New Listings

28 Sold Listings

2.6

Months of Inventory

$801K

Median Sale Price 98.8%

Median Sale vs List 82 Avg Days on Market

S/CMarin

AUGUST 2023 - AUGUST 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 5m last August 2023, to $1 4m as of August 2024

Condos & Townhomes

The median sale price has decreased from $840k last August 2023, to $801k as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last August 2023, to 40 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 56 days in August 2023, to 82 days as of August 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

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