MarketReport Market Report for the Palo Alto Bay area January 2023 Copyright by KW Advisors 2023
Palo Alto area
Palo Alto
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Redwood City
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Portola Valley
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Menlo Park
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Atherton
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Los
Altos
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San Jose
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Mountain View
Jump to Mountain View
San Mateo County
Jump to San Mateo County
Santa Clara County
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Monterey County
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Santa Cruz County
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East Palo Alto
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Jump to Sunnyvale Report Sunnyvale
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse, and it's changing rapidly Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market sets the value of your home
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
Icanhelp...
WhatAreYourGoals intheHousingMarket ThisYear?
If buying or selling a home is one of your New Year’s resolutions, it’s essential for you to understand today’s housing market. Define your goals, and work with industry experts to bring your home ownership vision for the new year into focus.
MonthlyMarketUpdate
Slower Wage Growth Data Boosts Bonds
The Bureau of Labor Statistics (BLS) reported that there were 223,000 jobs created in December, which was stronger than expectations of 200,000 job gains
Stronger Than Expected Private Sector Job Growth in December
The ADP Employment Report, which measures private sector payrolls, showed that there were 235,000 jobs created in December.
Jobless Claims Decline But Holidays Likely Skewed Data
The number of people filing for unemployment benefits for the first time fell by 19,000 in the latest week, as 204,000 Initial Jobless Claims were reported
Home Prices Still Expected to Appreciate This Year
CoreLogic released their Home Price Index report for November, showing that home prices fell by 0 2% from October but they were 8 6% higher when compared to November of last year
January 2023
IMF Issues Recession Warning
The International Monetary Fund (IMF) issued a recession warning for this year, with Managing Director Kirstalina Georgieva, saying, "We expect one third of the world economy to be in recession " While the IMF did not include the U S in recession, she said that 2023 will be a "tougher" year than 2022 because "the three big economies, US, EU, and China, are all slowing down simultaneously "
If the U S does end up in a recession, we will likely have much more than a third of the globe in a recession, as the U S makes up a huge part of global GDP
If you have any questions, contact me anytime! I can help your clients explore the best mortgage options for either a purchase or refinance. Julie Shumate NMLS# 310202 Loan Consultant 700 Airport Boulevard Suite 280 Burlingame, CA 94010 Office: (650) 993-7581 Cell: (925) 413-6963 Loan Consultant My Website Email Me CA LIC # CA-DBO310202
PaloAlto
What's in the Palo Alto data?
Palo Alto's single-family housing market saw a decrease to a $2.9 million median sold price. There were 13 units sold and 4 new listings. The condo & townhome market declined month-over-month with 2 new listings, and 8 sales totaling approximately $1.3 million. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
$2.9M
Sale
ory
Median
Price % st 57 13 Sold Listings mily Homes Avg
2 New Listings 6.5 Months of Inventory $1.3M Median Sale Price 95.1% Median Sale vs List 135 Avg Days on Market 8 Sold Listings CONDO Condo & Townhomes
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 150 100 50 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 60 40 20 0 PaloAlto DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price has decreased from $3.9m last year's December to $2.9m this year.
Condos & Townhomes
The median sales price has decreased from $1 5m last December 2021 to $1.3m by December 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 28 days last December to 57 days this year.
Condos & Townhomes
The average days on market has gone up from 61 days last December, to 135 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 102.1% last year's December, to 91.8% this year.
Condos & Townhomes
The overbid percentage decreased from 97 4% of December 2021, to 95 1% a year later
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 150 100 50 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
Redwood City
What's in the Redwood City data?
Redwood City's single-family housing market saw an increase to a $2.1 million median sold price. There were 28 units sold and 12 new listings. The condo & townhome market declined month-over-month with 3 new listings, and 2 sales totaling approximately $928k. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
3 0.9 Months of Inventory $928K Median Sale Price 90.4% Median Sale vs List 51 Avg Days on Market 2 New Listings Sold Listings CONDO Condo & Townhomes
22 2022 y y
The median sales price has increased from $1 9m last year's December to $2 1m this year
Condos & Townhomes
The median sales price has decreased from $1.1m last December 2021 to $928k by December 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 23 days last December to 32 days this year.
Condos & Townhomes
The average days on market has gone up from 22 days last December to 51 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 108.7% last year's December, to 90.60% this year.
Condos & Townhomes
The overbid percentage has decreased from 104% of December 2021, to 90 4% a year later
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 $3,000,000
$0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 60 40 20 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,000,000
Homes
Median SalesPrice Single Family
Portola Valley
What's in the Portola Valley data?
Portola Valley's single-family housing market saw a decreased to a $3 million median sold price. There were 2 units sold and 0 new listings. The condo & townhome market declined month-over-month with 0 new listings, and 0 sales totaling approximately $0. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
0 New Listings 2 Months of Inventory $3M Median Sale Price 66.5%
Sale vs List 64 2 Sold Listings SFH Single Family Homes
Median
Days
Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated. Avg
on
0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
022August2022September2022October2022November2022December2022 022August2022September2022October2022November2022December2022 lley OLD LISTINGS y y
Single Family Homes
The median sales price has decreased from $5 9m last December, to $3m this year
Condos & Townhomes
The median sales price remained the same as last December at $0.
AVGDays OntheMarket
Single Family Homes
The average amount of time spent on market has decreased from 68 days last December to 64 days this December.
Condos & Townhomes
The average days on market is almost the same from December last year's 0 days to 0 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 97.2% of last year's December, to 66.5% this year.
Condos & Townhomes
The overbid percentage is same from last year's December of 0% to this year's 0%
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 $7,500,000
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0% Median SalesPrice
$5,000,000 $2,500,000
Menlo Park
What's in the Menlo Park data?
Menlo Park's single-family housing market saw a decreased to a $2.6 million median sold price. There were 18 units sold and 10 new listings. The condo & townhome market inclined monthover-month with 0 new listings, and 1 sale totaling approximately $2.1 million. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between pricing range and active options in the marketplace.
0 New Listings 5 Months of Inventory $2.1M Median Sale Price 91.3% Median Sale vs List 43 Avg Days on Market 1 Sold Listings CONDO Condo & Townhomes
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 125 100 75 50 25 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 30 20 10 0 MenloPark DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price has decreased from $3 1m last December to $2 6m this year
Condos & Townhomes
The median sales price has increased from $1.5m last December 2021 to $2.1m a year later.
AVGDays OntheMarket
Single Family Homes
The average amount of time on the market has decreased from 38 days in December 2021 to 28 days this December 2022.
Condos & Townhomes
The average time spent on the market has increased from 33 days in December 2021 to 43 days this December 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 105.1% last year's December, to 97.8% this year.
Condos & Townhomes
The overbid percentage has decreased from 96 2% last year's December, to 91 3% this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
Atherton
What's in the Atherton data?
Atherton's single-family housing market saw an increased to an $8.5 million median sold price. There were 2 units sold, and 0 new listing. The condo & townhome market declined month-over-month with 0 new listings and 0 sales. Buyers remain aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
s
stings
Sale Price
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is
8.5M
0
ys on Market
0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
cember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 0 0 0 0 0 0 mber2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 Atherton DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS ngle Family Homes ast 12 months, year-over-year. ondos & Townhomes ast 12 months, year-over-year
Single Family Homes
The median sales price increased from $7 5m in December 2021 to $8 5m in December 2022
Condos & Townhomes
The median sales price has remained at $0, since last December
AVGDays OntheMarket
Single Family Homes
The average time spent on market decreased from 108 days last December 2021 to 50 days by December 2022.
Condos & Townhomes
The average days on market has remained at 0 since last December
Overbids
Single Family Homes
The overbid percentage decreased from 101.5% last December 2021 to 92.5% a year later.
Condos & Townhomes
The overbid percentage has remained at 0%, since last December
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 125 100 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$20,000,000 $15,000,000 $10,000,000 $5,000,000
Median SalesPrice
LosAltos
What's in the Los Altos data?
Los Altos' single-family housing market saw a decrease to a $3.7 million median sold price. There were 11 units sold and 4 new listings. The condo & townhome market inclined month-over-month with 1 new listing and 1 sale, totaling approximately $2.4 million. Buyers have remained aggressive with average offer prices at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying only continues being pushed up. This creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may
415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is
1 New Listings 6 Months of Inventory $2.4M Median Sale Price 94% Median Sale vs List 153 Avg Days on Market 1 Sold Listings CONDO Condo & Townhomes
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 125 100 75 50 25 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 25 20 15 10 5 0 LosAltos DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price decreased from $4 2m in December 2021 to $3 7m in December 2022
Condos & Townhomes
The median sales price increased from $1.8m in December 2021 and $2.4m in December 2022.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 14 days last December 2021 to 53 days by December 2022
Condos & Townhomes
The average time spent on market increased from 20 days in December 2021 to 153 days this year
Overbids
Single Family Homes
The overbid rate increased from 94% December 2021 to 100% in December 2022
Condos & Townhomes
The overbid rate decreased from 100 2% last December 2021 to 94% a year later
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 200 150 100 50 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
SanJose
What's in the San Jose data?
San Jose's single-family housing market saw a decrease to a $1.3 million median sold price. There were 226 units sold and 118 new listings. The condo & townhome market declined month-over-month with 58 new listings and 93 sales, totaling approximately $675k. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
s
26 stings
1.3M
Sale Price 5
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is
ys on Market
58 New Listings 1.3 Months of Inventory $675K Median Sale Price 97.7% Median Sale vs List 42 Avg Days on Market 93 Sold Listings CONDO Condo & Townhomes
May2022 June2022 July2022August2022September2022October2022November2022December2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 e DECEMBER 2021 - DECEMBER 2022 SALE SOLD LISTINGS er-year. y er-year
Single Family Homes
The median sales price decreased from $1 4m in December 2021 to $1 3m in December 2022
Condos & Townhomes
The median sales price decreased from $805k in December 2021 to $675k in December 2022.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 13 days last December 2021 to 35 days by December 2022.
Condos & Townhomes
The average time spent on market increased from 22 days in December 2021 to 42 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 111.9% last December 2021 to 95% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 2% last December 2021 to 97 7% a year later.
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 50 40 30 20 10 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000
Median SalesPrice
Mountain View
What's in the Mountain View
data? Mountain View's single-family housing market saw a decrease to a $2.3 million median sold price. There were 14 units sold, and 7 new listings. The condo & townhome market inclined month-over-month with 9 new listings, and 18 sale, totaling approximately $1.2 million. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed u. This is creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
$2.3M Median Sale Price
ory
% st 47 Avg Days on Market 14 Sold Listings mily Homes
9 New Listings 1.4 Months of Inventory $1.2M Median Sale Price 97.4% Median Sale vs List 24 Avg Days on Market 18 Sold Listings CONDO Condo & Townhomes
022August2022September2022October2022November2022December2022 022August2022September2022October2022November2022December2022 View OLD LISTINGS y y
Single Family Homes
The median sales price has gone down from $2 6m last December 2021, to $2 3m by December 2022
Condos & Townhomes
The median sales price has slightly increased from $1.1m of December 2021 to $1.2m by December 2022.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 30 days in December 2021 to 47 days this year
Condos & Townhomes
The average time spent on market significantly decreased from 31 days last December to 24 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 114.9% last year to 91.2% this year.
Condos & Townhomes
The overbid percentage has slightly decreased from 102 7% last year to 97 4% this year.
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 60 40 20 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$4,000,000 $3,000,000 $2,000,000 $1,000,000
Median SalesPrice
SanMateo County
What's in the San Mateo County
data?
San Mateo's single-family housing market saw a decrease to a $1.7 million median sold price. There were 196 units sold and 101 new listings. The condo & townhome market declined month-over-month with 29 new listings and 41 sales, totaling approximately $825k. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
01 Listings .7
of Inventory $1.7M
Sale Price
hs
Median
2.7% an Sale vs List 39 196 Sold Listings FH gle Family Homes
CONDO Condo & Townhomes 29 New Listings 2.3 Months of Inventory $825K Median Sale Price 92.7% Median Sale vs List 39 Avg Days on Market 41 Sold Listings
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 1,250 1,000 750 500 250 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 500 400 300 200 100 0 FOR SALE SOLD LISTINGS SanMateo DECEMBER 2021 - DECEMBER 2022 Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price decreased from $1 9m last December 2021, to $1 7m a year later
Condos & Townhomes
The median sales price has slightly decreased from $887k last December, to $825k this year.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 28 days last December to 39 days this year.
Condos & Townhomes
The average time spent on market increased from 39 days to 47 days in the last year
Overbids
Single Family Homes
The overbid percentage has decreased from 103.6% last December, to 92.7% this year.
Condos & Townhomes
The overbid percentage has gone down from 102,2% last year's December, to 95 9% this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 50 40 30 20 10 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
SantaClara County
What's in the Santa Clara County data?
Santa Clara's single-family housing market saw a decrease to a $1.4 million median sold price. There were 417 units sold and 222 new listings. The condo & townhome market inclined month-over-month with 96 new listings and 173 sales, totaling approximately $850k. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
222 New Listings 1.4 Months of Inventory $1.4M Median Sale Price 94.4% Median Sale vs List 38 417 Sold Listings SFH Single Family Homes
data
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the
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 96 New Listings 1.6 Months of Inventory $850K Median Sale Price 97.2% Median Sale vs List 40 Avg Days on Market 173 Sold Listings
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 aClara DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS Homes s, year-over-year. nhomes s, year-over-year
Single Family Homes
The median sales price decreased from $1 7m last December to $1 4m this year
Condos & Townhomes
The median sales price increased from $849k last December to $850k this year.
AVGDays OntheMarket
Single Family Homes
The average time spent on market has significantly increased from 18 days in December 2021 to 38 days this December
Condos & Townhomes
The average time spent on market has gone up, from 26 days last December, to 40 days this year
Overbids
Single Family Homes
The overbid percentage is down, from 109.3% last December 2021, to 94.4% a year later.
Condos & Townhomes
The overbid percentage has decreased, from 103.2% last December 2021, to 97.2% this year.
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 40 30 20 10 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000
Median SalesPrice
Monterey County
What's in the Monterey County data?
Monterey County's single-family housing market saw a decreased to $775k median sold price,. There were 111 units sold and 88 new listings. The condo & townhome market declined month-over-month with 11 new listings and 12 sales, totaling approximately $574k. Buyers have remained aggressive aggressive with average offer prices remaining at around 100%. Due to only 6% of homes being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
CONDO Condo & Townhomes 11 New Listings 4.2 Months of Inventory $574K Median Sale Price 99.7% Median Sale vs List 38 Avg Days on Market 12 Sold Listings
ember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 0 0 0 0 0 ember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 0 5 0 5 0 MontereyCounty DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS ingle Family Homes ast 12 months, year-over-year. ondos & Townhomes ast 12 months, year-over-year
Single Family Homes
The median sales price decreased, from $871k in December 2021, to $775k in December 2022
Condos & Townhomes
The median sales price decreased, from $680k in December 2021, to $574k in December 2022
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 30 days last December 2021 to 62 days by December 2022.
Condos & Townhomes
The average time spent on market increased, from 26 days in December 2021, to 38 days this year
Overbids
Single Family Homes
The overbid percentage decreased, from 101.4% last December 2021, to 85.2% a year later.
Condos & Townhomes
In December 2021, the overbid percentage was 93%, and has remained the same this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
SalesPrice
$1,000,000 $750,000 $500,000 $250,000 $0
Median
SantaCruz County
What's in the Santa Cruz County data?
Santa Cruz County's single-family housing market saw a decrease to a $1.1 million median sold price. There were 83 units sold, and 56 new listings. The condo & townhome market inclined month-over-month with 12 new listings and 20 sales, totaling approximately $813. Buyers have remained aggressive with their offer prices remaining at around 100%.
Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
Sale Price
entory $1.1M Median
% s List 55 83 Sold Listings H amily Homes
Days
Avg
on Market
CONDO Condo & Townhomes 12 New Listings 1.4 Months of Inventory $813K Median Sale Price 98.6% Median Sale vs List 79 Avg Days on Market 20 Sold Listings
y y
Single Family Homes
The median sales price slightly decreased, from $1 2m in December 2021, to $1 1m in December 2022
Condos & Townhomes
The median sales price increased, from $668k in December 2021, to $813k in December 2022.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased, from 40 days last December 2021, to 55 days by December 2022.
Condos & Townhomes
The average days on market increased, from 16 days in December 2021, to 79 days this year
Overbids
Single Family Homes
The overbid percentage decreased, from 100.5% last December 2021, to 94.6% a year later.
Condos & Townhomes
The overbid percentage decreased, from 100 4% last December 2021, to 98 6% a year later
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 80 60 40 20 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
Median SalesPrice
East PaloAlto
What's in the East Palo Alto data?
East Palo Alto's single-family housing market saw a decrease to an $850k median sold price. There was 1 unit sold and 2 new listings. The condo & townhome market declined month-over-month with 0 new listings and 0 sales. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is
415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is
K
CONDO Condo & Townhomes 0 New Listings 0 Months of Inventory $0 Median Sale Price 0% Median Sale vs List 0 Avg Days on Market 0 Sold Listings
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 50 40 30 20 10 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 10 75 5 25 0 FOR SALE SOLD LISTINGS EastPaloAlto DECEMBER 2021 - DECEMBER 2022 Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price decreased, from $925k in December 2021, to $850k in December 2022
Condos & Townhomes
The median sales price decreased, from $795k in December 2021, to $0 in December 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased, from 44 days last December 2021, to 79 days by December 2022.
Condos & Townhomes
The average days on market decreased, from 38 days in December 2021 to 0 days this year
Overbids
Single Family Homes
The overbid percentage decreased, from 101.4% last December 2021, to 85.2% a year later.
Condos & Townhomes
The overbid percentage decreased, from 90% last December 2021, to 0% a year later.
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 100 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
SalesPrice
$1,500,000 $1,000,000 $500,000
Median
Sunnyvale
What's in the Sunnyvale data?
Sunnyvale's single-family housing market saw a decrease to a $2 million median sold price. There were 23 units sold and 9 new listings. The condo & townhome market declined monthover-month with 4 new listings and 13 sales, totaling approximately $1.1 million. Buyers have remained aggressive iwith their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
9 New Listings 0.8 Months of Inventory $2M Median Sale Price 96.3%
Sale vs List 28 23 Sold Listings SFH Single Family Homes
Median
Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from December 2021 to December 2022. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated. Avg
CONDO Condo & Townhomes 4 New Listings 0.9 Months of Inventory $1.1M Median Sale Price 97.2% Median Sale vs List 26 Avg Days on Market 13 Sold Listings
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 200 150 100 50 0 December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022 150 100 50 0 Sunnyvale DECEMBER 2021 - DECEMBER 2022 FOR SALE SOLD LISTINGS Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price decreased, from $2 4m in December 2021, to $2m in December 2022
Condos & Townhomes
The median sales price decreased from $1 4m in December 2021 and $1.1m in December 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased, from 16 days last December 2021, to 28 days by December 2022.
Condos & Townhomes
The average days on market increased, from 23 days in December 2021, to 26 days this year
Overbids
Single Family Homes
The overbid percentage decreased, from 119.4% last December 2021, to 96.3% a year later.
Condos & Townhomes
The overbid percentage decreased, from 103.6% last December 2021, to 97.2% a year later.
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 40 30 20 10 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$3,000,000 $2,000,000 $1,000,000
Median SalesPrice
505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto :
