MarketReport Market Report for the Palo Alto Bay Area February 2023 Copyright by KW Advisors 2023
Palo Alto area
Palo Alto
Jump to Palo Alto Report
Redwood City
Jump to Redwood City Report
Portola Valley
Jump to Portola Valley Report
Menlo Park
Jump to Menlo Report
Atherton
Jump to Atherton Report
Los Altos
Jump to Los Altos Report
San Jose
Jump to San Jose Report
Mountain View
Jump to Mountain View
San Mateo County
Jump to San Mateo County
Santa Clara County
Jump to Santa Clara County
Monterey County
Jump to Monterey County Report
Santa Cruz County
Jump to Santa Cruz County Report
East Palo Alto
Jump to East Palo Alto Report
Sunnyvale
Jump to Sunnyvale Report
Santa Clara City
Jump to Santa Clara City Report
Saratoga
Jump to Saratoga Report
What’syourhome reallyworthin today’smarket?
That's really 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 At the end of the day, 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.
LowerMortgageRatesAre BringingBuyersBacktothe Market
As mortgage rates rose last year, activity in the housing market slowed down As a result, homes started seeing fewer offers and staying on the market for longer That meant some homeowners decided to pause on selling
Now, however, rates are beginning to come down and buyers are starting to re-enter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows an increase of 7% more mortgage applications, as compared to the week before.
MonthlyMarketUpdate
February 2023
Inflation Turning the Corner
The Fed's favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation rose 0 1% in December, while the year-over-year reading declined from 5 5% to 5%
Pending Home Sales Rise for First Time in Six Months
Pending Home Sales rose 2 5% from November to December, ending sixth straight months of declines
New Home Sales Ticked Higher in December
New Home Sales, which measure signed contracts on new homes, rose 2.3% in December to a 616,000-unit annualized pace, which was in line with estimates.
Caveats to Positive Fourth Quarter GDP
The first reading of Gross Domestic Product (GDP) for the fourth quarter of last year showed that the U S economy grew by 2 9% annualized, which was higher than estimates
The number of people filing for unemployment benefits for the first time fell by 6,000 in the latest week, as 186,000 Initial Jobless Claims were reported
Decline
Second Consecutive
Several reports released last week continue to show that the economy is slowing Economic Slowdown and Recession Signs Continue If you have any questions, contact me anytime! I can help your clients explore the best mortgage options for either a purchase or refinance. Jen Marshall 700 Airport Boulevard Suite 280 Burlingame, CA 94010 Office: (415) 464-6618 Cell: (415) 205-3771 NMLS# 308644 Loan Consultant My Website Email Me CA LIC # CA-DFPI308644
Initial Jobless Claims
for
Week
PaloAlto
What's in the Palo Alto data?
Palo Alto's single-family housing market saw a decrease to a $3.1M median sold price, with 9 units sold and 32 new listings. The condo & townhome market has declined month-over-month, with 5 new listings and 0 sales. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand has driven the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
32 New Listings
9 Sold Listings
4.7 Months of Inventory
$3.1M Median Sale Price
95.8% Median Sale vs List
53
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO Condo
5 New Listings
0 Sold Listings
0 Months of Inventory
$0 Median Sale Price
0% Median Sale vs List 0 Avg Days on Market & Townhomes
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 150 100 50 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 60 40 20 0 PaloAlto JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single Family Homes
The median sales price has decreased from $3.9m last January 2022, to $3.1m as of January 2023.
Condos & Townhomes
The median sales price has decreased from $1m last January 2022, to $0 as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 107.2% last January 2022, to 95 8% a year later
Condos & Townhomes
The overbid percentage has decreased from 103 4% last January 2022, to 0% a year later
Single Family Homes
The average days on market went up from 13 days last January 2022, to 53 days as of January 2023.
Condos & Townhomes
The average days on market went down from 57 day in January 2022, to 0 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 150 100 50 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Redwood City
What's in the Redwood City data?
Redwood City's single-family housing market saw a decrease to a $1.8M median sold price, with 16 units sold and 30 new listings. The condo & townhome market has inclined month-over-month, with 3 new listings and 5 sales, totaling approximately $980k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
30 New Listings
16 Sold Listings
1.9 Months of Inventory
$1.8M Median Sale Price
93.9% Median Sale vs List
40
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
3
5 New Listings Sold Listings
1.2 Months of Inventory
$980K Median Sale Price
97.3% Median Sale vs List
68 Avg Days on Market
y2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 y2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 RedwoodCity JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Family Homes
12 months, year-over-year.
& Townhomes
months, year-over-year
gle
t
dos
t 12
The median sales price has decreased from $2 2m last January 2022, to $1 8m as of January 2023
Condos & Townhomes
The median sales price has increased from $957k last January 2022, to $980k as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 107 8% last January 2022, to 93 9% a year later
Condos & Townhomes
The overbid percentage has decreased from 102 1% last January 2022, to 97 3% a year later.
The average days on market went up from 16 days last January 2022, to 40 days as of January 2023.
Condos
The average days on market went up from 32 day in January 2022, to 68 days as of January 2023.
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Median SalesPrice Single Family Homes
& Townhomes
Single Family Homes
Portola Valley
What's in the Portola Valley data?
Portola Valley's single-family housing market saw a decrease to a $3.2M median sold price, with 3 units sold and 3 new listings. The condo & townhome market had no changes month-over-month, with 0 new listings and 0 sales, totaling approximately $980k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
3 New Listings
3 Sold Listings
3 Months of Inventory
$3.2M Median Sale Price
99% Median Sale vs List
148
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
No data for this month
Single Family Homes
Last 12 months, year-over-year.
No data for this month
Condos & Townhomes
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 40 30 20 10 0 100 75 50 25 0
2022 - JANUARY 2023
PortolaValley JANUARY
SALE SOLD
LISTINGS FOR
LISTINGS
Median SalesPrice
Single Family Homes
The median sales price has decreased from $6.2m last January 2022, to $3.2m as of January 2023.
Condos & Townhomes
The median sales price has not changed from $0 last January 2022, to $0 as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 99.9% last January 2022, to 99% a year later.
Condos & Townhomes
The overbid percentage has not changed from 0% last January 2022, to 0% a year later.
Single
The average days on market went up from 59 days last January 2022, to 148 days as of January 2023.
Condos
The average days on market has not changed from 0 days in January 2022, to 0 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $7,500,000 $5,000,000 $2,500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 150 100 50 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
& Townhomes
Family Homes
Menlo Park
What's in the Menlo Park data?
Menlo Park's single-family housing market saw a decrease to a $2M median sold price, with 9 units sold and 22 new listings. The condo & townhome market has declined month-over-month, with 5 new listing and 3 sales, totaling approximately $929k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
CONDO
Condo & Townhomes
5 New Listings
3 Sold Listings
9 Months of Inventory
$929K Median Sale Price
97.7% Median Sale vs List
116 Avg Days on Market
ember2022October2022November2022December2022January2023 ember2022October2022November2022December2022January2023 k LD LISTINGS y y
Median SalesPrice
The median sales price has decreased from $3 4m last January 2022, to $2m as of January 2023
The median sales price has decreased from $1.3m last January 2022, to $929k as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 106.8% last January 2022, to 100.7% a year later.
Condos & Townhomes
The overbid percentage has decreased from 100 1% last January 2022, to 97 7% a year later
The average days on market went up from 10 days last January 2022, to 48 days as of January 2023.
Condos
The average days on market went up from 34 days in January 2022, to 116 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 125 100 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Single Family Homes
AVGDays OntheMarket
& Townhomes
Single Family Homes
Atherton
What's in the Atherton data?
Atherton's single-family housing market saw an increase to a $19.3M median sold price, with 2 units sold and 14 new listings. The condo & townhome market has declined month-over-month, with 0 new listings and 0 sales, totaling approximately $0. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
14 New Listings
2 Sold Listings
4.2 Months of Inventory
89.1%
Median Sale vs List
$19.3M Median Sale Price
68
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
No data for this month
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 50 40 30 20 10 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 2 15 1 05 0 Atherton JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single Family Homes
The median sales price has increased from $10 5m last January 2022, to $19 3 as of January 2023
Condos & Townhomes
The median sales price has remained at $0 since last January 2022.
Overbids
Single Family Homes
The overbid percentage has decreased from 94.3% last January 2022, to 89.1% a year later.
Condos & Townhomes
The overbid percentage has remained at 0% since last January 2022
Single Family Homes
The average days on market went up from 5 days last January 2022, to 68 days as of January 2023.
Condos & Townhomes
The average days on market has remained at 0 days since January 2022.
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 100 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
LosAltos
What's in the Los Altos data?
Los Altos' single-family housing market saw a decrease to a $3.4M median sold price, with 9 units sold and 16 new listings. The condo & townhome market has inclined month-over-month, with 1 new listing and 1 sale, totaling approximately $1.4M. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
16 New Listings
9 Sold Listings
1.7 Months of Inventory
$3.4M Median Sale Price
89.7% Median Sale vs List
27
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
1 New Listings
1 Sold Listings
0 Months of Inventory
$1.4M Median Sale Price
89.7% Median Sale vs List
0 Avg Days on Market
CONDO Condo & Townhomes
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 125 100 75 50 25 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 25 20 15 10 5 0 LosAltos JANUARY 2022 - JANUARY 2023
FOR SALE SOLD LISTINGS
LISTINGS
Median SalesPrice
The median sales price has decreased from $4 2m last January 2022, to $3 4m as of January 2023
The median sales price has increased from $1m last January 2022, to $1.4m as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 107.1% last January 2022, to 89.7% a year later.
Condos & Townhomes
The overbid percentage has decreased from 96 5% last January 2022, to 89 7% a year later
Single
The average days on market went up from 8 days last January 2022, to 27 days in January 2023
The average days on market went down from 53 days in January 2022, to 0 days in January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 200 150 100 50 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Single Family Homes
OntheMarket
AVGDays
Condos & Townhomes
Family
Homes
SanJose
What's in the San Jose data?
San Jose's single-family housing market saw a decrease to a $1.3M median sold price, with 130 units sold and 217 new listings. The condo & townhome market has inclined month-over-month, with 124 new listings and 67 sales, totaling approximately $792k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
FH le Family Homes
17 tings
130 Sold Listings
5 of Inventory
$1.3M Median Sale Price
5.4% Sale vs List
37
Avg Days on Market
sourced from Broker Metrics, includes all single-family homes, condos, and the California Area from January 2022 to January 2023. This may include data, and vary from the time the data was gathered. All data is deemed not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
124 New Listings
67 Sold Listings
1.3 Months of Inventory
$792K Median Sale Price
98.7% Median Sale vs List
31 Avg Days on Market
Last
Condos
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 2,000 1500 1,000 500 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 750 500 250 0 SanJose JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Family Homes
Single
12 months, year-over-year.
& Townhomes
Median SalesPrice
Single
The median sales price has decreased from $1 5m last January 2022, to $1 3m as of January 2023
The median sales price has increased from $1m last January 2022, to $792k as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 113.9% last January 2022, to 95.4% a year later.
Condos & Townhomes
The overbid percentage has decreased from 107 6% last January 2022, to 98 7% a year later
Single
Homes
Condos
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 50 40 30 20 10 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Family Homes
AVGDays OntheMarket
& Townhomes
The average days on market went up from 14 days in January 2022, to 31 days in January 2023 Family
The average days on market went up from 15 days last January 2022, to 37 days as of January 2023.
Mountain View
What's in the Mountain View data?
Mountain View's single-family housing market saw a decrease to a $1.9M median sold price, with 9 units sold and 12 new listings. The condo & townhome market has declined month-over-month, with 18 new listings and 11 sales, totaling approximately $1.1M. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
12 New Listings
9 Sold Listings
2.5 Months of Inventory
$1.9M Median Sale Price
98.8% Median Sale vs List
16 Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
18 New Listings
11 Sold Listings
3.1 Months of Inventory
$1.1M Median Sale Price
96.3% Median Sale vs List
73 Avg Days on Market
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 00 75 50 25 0 anuary2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 5 0 5 0 5 0 MountainView JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS ingle Family Homes ast 12 months, year-over-year. ondos & Townhomes ast 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price has gone up from $3 3m last January 2022, to $2m as of January 2023
Condos & Townhomes
The median sales price has slightly decreased from $1.3 of January 2022, to $1.2 by January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 121% last year, to 99% this January.
Condos & Townhomes
The overbid percentage has slightly decreased from 103% last year to 96% this year's January.
Single Family Homes
The average days on market went up from 7 days in January 2022, to 16 days this year
Condos & Townhomes
The average days on market significantly increased from 10 days in January 2022, to 73 days this year.
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
SanMateo County
What's in the San Mateo County data?
San Mateo County's single-family housing market saw a decreased to a $1.7M median sold price, with 124 units sold and 191 new listings. The condo & townhome market has declined month-over-month, with 77 new listings and 39 sales, totaling approximately $850k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
191 New Listings
124 Sold Listings
2.3 Months of Inventory
$1.7M Median Sale Price
94.2% Median Sale vs List
40
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
77 New Listings
39 Sold Listings
2.6 Months of Inventory
$850K Median Sale Price
97.3% Median Sale vs List
49 Avg Days on Market
Last
Last 12 months,
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 1,250 1,000 750 500 250 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 500 400 300 200 100 0 LISTINGS FOR SALE SOLD LISTINGS SanMateo JANUARY 2022 - JANUARY 2023
Family Homes
Single
12 months, year-over-year.
& Townhomes
Condos
year-over-year
Median SalesPrice
Single Family Homes
The median sales price has decreased from $2m last January 2022, to $1 7m as of January 2023
Condos & Townhomes
The median sales price has decreased from $930k last January 2022, to $850k as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 103.7% last January 2022, to 94.2% a year later.
Condos & Townhomes
The overbid percentage has decreased from 102 1% last January 2022, to 97 3% a year later
Single Family Homes
The average days on market went up from 15 days last January 2022, to 40 days as of January 2023.
Condos & Townhomes
The average days on market went up from 26 days in January 2022, to 49 days in January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 50 40 30 20 10 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
SantaClara County
What's in the Santa Clara County data?
Santa Clara County's single-family housing market saw a decrease to a $1.5m median sold price, with 269 units sold and 431 new listings. The condo & townhome market has declined month-over-month, with 215 new listings and 111 sales, totaling approximately $875k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand conit yes driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
431 New Listings
269 Sold Listings
1.8 Months of Inventory
$1.5M Median Sale Price
94.2% Median Sale vs List
36
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
215 New Listings
111 Sold Listings
1.6 Months of Inventory
$875K Median Sale Price
97.9% Median Sale vs List
34 Avg Days on Market
Last
Last
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 4,000 3000 2,000 1000 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 1500 1000 500 0 SantaClara JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Family Homes
Single
12 months, year-over-year.
& Townhomes
Condos
year-over-year
12 months,
Median SalesPrice
Single
The median sales price has decreased from $1 7m last January 2022, to $1 5m as of January 2023
The median sales price has decreased from $899k last January 2022, to $875k as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 11.4% last January 2022, to 94.2% a year later.
Condos & Townhomes
The overbid percentage has decreased from 106.3% last January 2022, to 97.9% a year later.
Single
The average days on market went up from 15 days last January 2022, to 36 days as of January 2023
Condos
The average days on market went up from 16 days in January 2022, to 34 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 40 30 20 10 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Family
Homes
AVGDays OntheMarket
& Townhomes
Family
Homes
Monterey County
What's in the Monterey County data?
Monterey County's single-family housing market saw an increase to an $875k median sold price, with 95 units sold and 129 new listings. The condo & townhome market has declined month-over-month, with 17 new listings and 16 sales, totaling approximately $643k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surgung demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
129 New Listings
95 Sold Listings
2.6 Months of Inventory
$875K Median Sale Price
88.9% Median Sale vs List
63
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
17 New Listings
16 Sold Listings
1.1 Months of Inventory
$643K Median Sale Price
97.4% Median Sale vs List
53 Avg Days on Market
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 1,000 750 500 250 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 100 75 50 25 0 MontereyCounty JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Family Homes
12 months, year-over-year.
& Townhomes
Single
Last
Condos
year-over-year
Last 12 months,
Median SalesPrice
Single Family Homes
The median sales price has increased from $864k last January 2022, to $875k as of January 2023
Condos & Townhomes
The median sales price has decreased from $732k last January 2022, to $643k as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 98% last January 2022, to 88.9% a year later.
Condos & Townhomes
The overbid percentage has decreased from 99 5% last January 2022, to 97 4% a year later
Single Family Homes
The average days on market is up from 32 days last January 2022, to 63 days as of January 2023.
Condos & Townhomes
The average days on market was up from 36 days in January 2022, to 53 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $1,000,000 $750,000 $500,000 $250,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
SantaCruz County
What's in the Santa Cruz County data?
Santa Cruz County's single-family housing market saw a decrease to $1.1m median sold price, with 56 units sold and 47 new listings. The condo & townhome market has declined month-over-month, with 18 new listings and 10 sales, totaling approximately $816k. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
47 New Listings
56 Sold Listings
2.7 Months of Inventory
$1.1M Median Sale Price
89.6% Median Sale vs List
65
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
18 New Listings
10 Sold Listings
1.8 Months of Inventory
$816K Median Sale Price
97.3% Median Sale vs List
45 Avg Days on Market
y y
Median SalesPrice
Single Family Homes
The median sales price has decreased from $1 2m last January 2022, to $1 1m as of January 2023
Condos & Townhomes
The median sales price has decreased from $860k last January 2022, to $816k as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 100 4% last January 2022, to 88.6% a year later.
Condos & Townhomes
The overbid percentage has decreased from 102 8% last January 2022, to 97 3% a year later
Single Family Homes
The average days on market went up from 32 days last January 2022, to 65 days as of January 2023.
Condos & Townhomes
The average days on market went up from 19 days in January 2022, to 45 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
East PaloAlto
What's in the East Palo Alto data?
East Palo Alto's single-family housing market saw a decrease to a $1m median sold price, with 6 units sold and 2 new listings. The condo & townhome market has declined month-over-month, with 1 new listings and 0 sales. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
entory $1M Median Sale Price 5% vs List 92 6 Sold Listings H amily Homes Broker Metrics, includes all single-family homes, condos, and California Area from January 2022 to January 2023. This may include vary from the time the data was gathered. All data is deemed eed. Questions may be directed to KW Advisors. 415.483.9285 01511642 Copyright KW Advisors 2023. Each Office is independently Avg Days on Market
CONDO
Condo & Townhomes
1 New Listings
0 Sold Listings
0 Months of Inventory
$0 Median Sale Price
0% Median Sale vs List
0 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
nuary2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 0 5 5 5 0
FOR SALE SOLD LISTINGS
JANUARY 2022 - JANUARY 2023
LISTINGS
EastPaloAlto
Median SalesPrice
Single Family Homes
The median sales price has decreased from $1 2m last January 2022, to $1m as of January 2023
Condos & Townhomes
The median sales price has decreased from $1m last January 2022, to $0 in January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 101% last January 2022, to 85.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 109.3% last January 2022, to 0% a year later
Single Family Homes
The average days on market went up from 14 days last January 2022, to 92 days as of January 2023.
Condos & Townhomes
The average days on market was down from 28 days in January 2022, to 0 days as of January 2023.
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 100 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Sunnyvale
What's in the Sunnyvale data?
Sunnyvale's single-family housing market saw an increase to a $2.2m median sold price, with 16 units sold and 33 new listings. The condo & townhome market has declined monthover-month, with 14 new listings and 12 sales, totaling approximately $1.1m. Buyers have remained aggressive with their offer prices at around 100%. Only 6% of homes have been completed, the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
s
2M Price
single-family homes, condos, and 2023. This may include gathered. All data is deemed Advisors. 415.483.9285 Office is independently
n Market
CONDO
Condo & Townhomes
14 New Listings
12 Sold Listings
1.4 Months of Inventory
$1.1M Median Sale Price
99.6% Median Sale vs List
30 Avg Days on Market
uary2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 uary2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 Sunnyvale JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS ngle Family Homes ast 12 months, year-over-year.
& Townhomes ast 12 months, year-over-year
ondos
Median SalesPrice
Single Family Homes
The median sales price has increased from $2 1m last January 2022, to $2 2m as of January 2023
Condos & Townhomes
The median sales price has decreased from $1 4m last January 2022, to $1.1m as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 101% last January 2022, to 85.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 109 3% last January 2022, to 0% a year later
Single
The average days on market went up from 9 days last January 2022, to 33 days as of January 2023.
Condos
The average days on market went up from 9 days in January 2022, to 30 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 40 30 20 10 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
& Townhomes
Family Homes
SantaClara City
What's in the Santa Clara City data?
Santa Clara City's single-family housing market saw a decrease to $1.4m median sold price, with 18 units sold and 25 new listings. The condo & townhome market has declined month-over-month, with 19 new listings and 11 sales, totaling approximately $1.1 million. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
SFH Single Family Homes
25 New Listings
18 Sold Listings
1.2 Months of Inventory
$1.4M Median Sale Price
97.5% Median Sale vs List
13
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from January 2022 to January 2023. 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 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
19 New Listings
11 Sold Listings
1.1 Months of Inventory
$1.1M Median Sale Price
97% Median Sale vs List
24 Avg Days on Market
y y
Median SalesPrice
Single Family Homes
The median sales price has decreased from $2 1m last January 2022, to $1 4m as of January 2023
Condos & Townhomes
The median sales price has increased from $790k last January 2022, to $1.1m as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 115 9% last January 2022, to 97.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 108 2% last January 2022, to 97% a year later
Single Family Homes
The average days on market went up from 7 days last January 2022, to 13 days as of January 2023.
Condos & Townhomes
The average days on market went up from 11 days in January 2022, to 24 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 60 40 20 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
AVGDays OntheMarket
Saratoga
What's in the Saratoga data?
Saratoga's single-family housing market saw a decrease to a $3.5 million median sold price, with 7 units sold and 7 new listings. The condo & townhome market has inclined month-over-month, with 2 new listings and 1 sale, totaling approximately $1.9m. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
omes
7 Sold Listings
$3.5M Median Sale Price
22
Avg Days on Market
includes all single-family homes, condos, and January 2022 to January 2023. This may include the data was gathered. All data is deemed be directed to KW Advisors. 415.483.9285 Advisors 2023. Each Office is independently
CONDO
Condo & Townhomes
2 New Listings
1 Sold Listings
2 Months of Inventory
$1.9M Median Sale Price
88.6% Median Sale vs List
122 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 100 75 50 25 0 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023 15 10 5 0 Saratoga JANUARY 2022 - JANUARY 2023 LISTINGS FOR SALE SOLD LISTINGS
Median SalesPrice
Single
The median sales price has decreased from $4 2m last January 2022, to $3 5m as of January 2023
Condos
The median sales price has increased from $812k last January 2022, to $1.9m as of January 2023.
Overbids
Single Family Homes
The overbid percentage has decreased from 113.4% last January 2022, to 99.2% a year later.
Condos & Townhomes
The overbid percentage has decreased from 98 8% last January 2022, to 88 6% a year later
Single
The average days on market went down from 45 days last January 2022, to 22 days as of January 2023.
The average days on market went up from 19 days in January 2022, to 112 days as of January 2023
January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023 125 100 75 50 25 0 January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023 125% 100% 75% 50% 25% 0%
Townhomes
&
Family
Homes
AVGDays OntheMarket
Condos & Townhomes
Family
Homes
505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto :
