July 2024 Market Report | Palo Alto Area

Page 1


Palo Alto area

Palo Alto Los Altos

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Redwood City

Jump to Redwood City Report

Portola Valley

Jump to Portola Valley Report

Menlo Park

Jump to Menlo Park Report

Atherton

Jump to Atherton Report

Jump to Los Altos Report

San Jose

Jump to San Jose Report

Mountain View

Jump to Mountain View Report

San Mateo County

Jump to San Mateo County Report

Santa Clara County

Jump to Santa Clara County Report

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 the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

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/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

VENDOR DIRECTORY

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

PaloAlto

What's in the Palo Alto data?

There were 39 single-family homes for sale, providing 1.5 months of inventory. There were 25 new listings, and 33 homes sold at a median price of $3.9m. The median overbid percentage was at 101%, with an average of 17 days on the market.

There were 13 condo and townhome units for sale, providing 1.9 months of inventory. There were 10 new listings and 7 units sold at a median sale price of $1.3m. The median overbid percentage was at 98%, with an average of 19 days on the market.

Single-Family Homes

25 New Listings

33 Sold Listings

1.5 Months of Inventory

$3.9M Median Sale Price

101% Median Sale vs List

17 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

New Listings

7

Sold Listings

1.9

Months of Inventory

$1.3M

Median Sale Price 98%

Median Sale vs List

19 Avg Days on Market

PaloAlto

JUNE 2023 - JUNE 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 4m last June 2023, to $3 9m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 5m last June 2023, to $1 3m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last June 2023, to 17 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 27 days in June 2023, to 19 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98% last June 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last June 2023, to 98% a year later.

Redwood City

What's in the Redwood City data?

There were 47 single-family homes for sale, providing 1.4 months of inventory. There were 47 new listings, and 42 homes sold at a median price of $2m. The median overbid percentage was at 104%, with an average of 13 days on the market

There were 19 condo and townhome units for sale, providing 3.2 months of inventory. There were 9 new listings and 6 units sold at a median sale price of $1.3m. The median overbid percentage was at 103%, with an average of 24 days on the market.

Single-Family Homes

47 New Listings

42 Sold Listings

1.4 Months of Inventory

$2M Median Sale Price

104%

Median Sale vs List

13

Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

woodCity

JUNE 2023 - JUNE 2024

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 1m last June 2023, to $2m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 4m last June 2023, to $1 3m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last June 2023, to 13 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in June 2023, to 24 days as of June 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 100% last June 2023, to 103% a year later.

Portola Valley

What's in the Portola Valley data?

There were 16 single-family homes for sale, providing 2.7 months of inventory. There were 11 new listings, and 4 homes sold at a median price of $4.3m. The median overbid percentage was at 102%, with an average of 18 days on the market

There was no data for condo and townhouse units for this month.

Single-Family Homes

11 ew Listings

4 Sold Listings

2.7 Months of Inventory

$4.3M Median Sale Price

102% Median Sale vs List

18 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

No data for this month.

PortolaValley

JUNE 2023 - JUNE 2024

LISTINGS FOR SALE

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Nodatatodispla

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 4m last June 2023, to $4 3m as of June 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 46 days last June 2023, to 18 days as of June 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 92% last June 2023, to 102% a year later

Condos & Townhomes

No data for this month

Menlo

What's in the Men

There were 27 single-family providing 1.1 months of inve new listings, and 26 homes s of $3.7m. The median overb 101%, with an average of 21

There were 14 condo and tow sale, providing 2.3 months o were 10 new listings and 7 u sale price of $1.7m. The med percentage was at 98%, with days on the market.

all single-family homes, 2023 to June 2024. This data was gathered. All data KW Advisors Palo Alto

New Listings

2.3

Months of Inventory 98%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 8m last June 2023, to $3 7m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 3m last June 2023, to $1 7m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last June 2023, to 21 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in June 2023, to 21 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last June 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last June 2023, to 98% a year later.

Atherton

What's in the Atherton data?

There were 25 single-family homes for sale, providing 3.1 months of inventory. There were 10 new listings, and 14 homes sold at a median price of $10m. The median overbid percentage was at 93%, with an average of 64 days on the market.

There was no data for condo and townhouse units for this month.

C Condo

No data for this month.

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $7 3m last June 2023, to $10m as of June 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 71 days last June 2023, to 64 days as of June 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 91% last June 2023, to 93% a year later

Condos & Townhomes

No data for this month

LosAltos

What's in the Los Altos data?

There were 24 single-family homes for sale, providing 0.7 months of inventory. There were 24 new listings, and 23 homes sold at a median price of $4.7m. The median overbid percentage was at 109%, with an average of 8 days on the market.

There were 19 condo and townhome units for sale, providing 3.8 months of inventory. There were 8 new listings and 7 units sold at a median sale price of $1.8m. The median overbid percentage was at 90%, with an average of 51 days on the market.

Single-Family Homes

24 New Listings

23 Sold Listings

0.7 Months of Inventory

$4.7M Median Sale Price

109% Median Sale vs List

8 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

New Listings

3.8

Months of Inventory 90%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 8m last June 2023, to $4 7m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 6m last June 2023, to $1 8m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 12 days last June 2023, to 8 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in June 2023, to 51 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102% last June 2023, to 109% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last June 2023, to 90% a year later.

SanJos

What's in the San

There were 383 single-family providing 1.1 months of inve new listings, and 369 homes price of $1.7m. The median o was at 107% with an average market.

There were 227 condo and to sale, providing 1 5 months of were 205 new listings and 15 median sale price of $870k. T percentage was at 104%, wit days on the market.

all single-family homes, 2023 to June 2024. This data was gathered. All data Copyright KW Advisors Palo Alto

New Listings

1.5

Months of Inventory 104%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $866k last June 2023, to $870k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last June 2023, to 14 days as of June 2024

Condos & Townhomes

The average time spent on the market remained the same from 16 days in June 2023, to 16 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104% last June 2023, to 107% a year later

Condos & Townhomes

The overbid percentage has remained the same from 104% last June 2023, to 104% a year later.

e-Family Homes

27 Sold Listings

5 of Inventory

$2.5M Median Sale Price

8% Sale vs List

17 Avg Days on Market

sourced from InfoSparks and Trend Graphix, includes all single-family homes, townhomes in the California Area above from June 2023 to June 2024. This preliminary data, and may vary from the time the data was gathered. All data reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

New Listings

1.8

Months of Inventory 103%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 55m last June 2023, to $2 54m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 4m last June 2023, to $1 2m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 9 days last June 2023, to 17 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 17 days in June 2023, to 21 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106% last June 2023, to 108% a year later

Condos & Townhomes

The overbid percentage has remained the same from 103% last June 2023, to 103% a year later.

SanMate County

What's in the San Mate data?

There were 463 single-family homes providing 1.6 months of inventory. Th new listings, and 347 homes sold at price of $2m. The median overbid pe at 105%, with an average of 19 days market.

There were 244 condo and townhom sale, providing 2.8 months of invento were 139 new listings and 94 units s median sale price of $1.1m. The med percentage was at 100%, with an ave days on the market

2M

ian Sale Price 47 Listings

9 Days on Market

Graphix, includes all single-family homes, above from June 2023 to June 2024. This time the data was gathered. All data 511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

139

New Listings

94

Sold Listings

2.8

Months of Inventory

$1.1M

Median Sale Price 100%

Median Sale vs List

29

Avg Days on Market

SanMateo

JUNE 2023 - JUNE 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 9m last June 2023, to $2m as of June 2024

Condos & Townhomes

The median sale price has increased from $975k last June 2023, to $1 1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last June 2023, to 19 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 19 days in June 2023, to 29 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 3% last June 2023, to 105% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.9% last June 2023, to 100% a year later.

SantaClara County

What's in the Santa Clara County data?

There were 902 single-family homes for sale, providing 1.4 months of inventory. There were 1,002 new listings, and 802 homes sold at a median price of $1.9m. The median overbid percentage was at 106 2%, with an average of 15 days on the market.

There were 542 condo and townhome units for sale, providing 1.9 months of inventory. There were 455 new listings and 331 units sold at a median sale price of $1m. The median overbid percentage was at 102.7%, with an average of 18 days on the market

mily Homes

2 ory

82 Sold Listings

$1.9M Median Sale Price

2% ist

15 Avg Days on Market

InfoSparks and Trend Graphix, includes all single-family homes, the California Area above from June 2023 to June 2024. This data, and may vary from the time the data was gathered. All data guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

455

New Listings

331

Sold Listings

1.9

Months of Inventory

$1M

Median Sale Price 102.7%

Median Sale vs List 18 Avg Days on Market

SantaClaraCounty

JUNE 2023 - JUNE 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last June 2023, to $1 9m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 05m last June 2023, to $1 07m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 17 days last June 2023, to 15 days as of June 2024

Condos & Townhomes

The average time spent on the market remained the same from 18 days in June 2023, to 18 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 7% last June 2023, to 106 2% a year later

Condos & Townhomes

The overbid percentage has increased from 102.3% last June 2023, to 102.7% a year later.

Monterey County

What's in the Monterey County data?

There were 390 single-family homes for sale, providing 2.6 months of inventory. There were 202 new listings, and 128 homes sold at a median price of $1m. The median overbid percentage was at 97%, with an average of 28 days on the market

There were 56 condo and townhome units for sale, providing 2.2 months of inventory. There were 33 new listings and 20 units sold at a median sale price of $900k. The median overbid percentage was at 96%, with an average of 54 days on the market.

33

New Listings

20

Sold Listings

2.2

Months of Inventory

$900K

Median Sale Price 96%

Median Sale vs List

54 Avg Days on Market

MontereyCounty

JUNE 2023 - JUNE 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $793k last June 2023, to $1m as of June 2024

Condos & Townhomes

The median sale price has increased from $768k last June 2023, to $900k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 28 days last June 2023, to 28 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in June 2023, to 54 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98% last June 2023, to 97% a year later

Condos & Townhomes

The overbid percentage has decreased from 97% last June 2023, to 96% a year later.

SantaCruz County

What's in the Santa Cruz County data?

There were 290 single-family homes for sale, providing 2 months of inventory. There were 165 new listings, and 109 homes sold at a median price of $1.4m. The median overbid percentage was at 97%, with an average of 30 days on the market

There were 76 condo and townhome units for sale, providing 2.3 months of inventory. There were 49 new listings and 25 units sold at a median sale price of $830k. The median overbid percentage was at 98%, with an average of 21 days on the market.

Single-Family Homes

165 ew Listings

109 Sold Listings

2 Months of Inventory

$1.4M

Median Sale Price

97%

Median Sale vs List

30 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Listings

2.3 Months of Inventory

Median Sale Pric 98%

Median Sale vs List 21 Avg Days on Marke 25 Sold Listing

aCruzCounty

JUNE 2023 - JUNE 2024

mes year-over-year.

omes , year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last June 2023, to $1 4m as of June 2024

Condos & Townhomes

The median sale price has increased from $800k last June 2023, to $830k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 26 days last June 2023, to 30 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 24 days in June 2023, to 21 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last June 2023, to 97% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last June 2023, to 98% a year later.

East PaloAlto

What's in the East Palo Alto data?

There were 11 single-family homes for sale, providing 0.8 months of inventory. There were 10 new listings, and 9 homes sold at a median price of $1.2m. The median overbid percentage was at 106%, with an average of 14 days on the market

There were 2 condo and townhome units for sale, providing 2 months of inventory. There were 0 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market.

mily Homes

9 Sold Listings

$1.2M Median Sale Price

InfoSparks and Trend Graphix, includes all single-family homes, the California Area above from June 2023 to June 2024. This data, and may vary from the time the data was gathered. All data guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated. ory

% ist

14 Avg Days on Market

Condo & Townhomes

New Listings

2

Sold Listings

Months of Inventory $0

Median Sale Price 0%

Median Sale vs List 0 Avg Days on Market 0

JUNE 2023 - JUNE 2024 LISTINGS FOR SALE

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has remained the same from $0 last June 2023, to $0 as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 35 days last June 2023, to 14 days as of June 2024

Condos & Townhomes

The average time spent on the market remained the same from 0 days in June 2023, to 0 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102% last June 2023, to 106% a year later

Condos & Townhomes

The overbid percentage has remained the same from 0% last June 2023, to 0% a year later.

Sunnyv

What's in the Sunn

There were 34 single-family h providing 0.7 months of inve new listings, and 45 homes s of $2.6m. The median overbi 111% with an average of 10 d

There were 43 condo and tow sale, providing 1.8 months of were 37 new listings and 23 sale price of $1.5m. The med percentage was at 109%, wit days on the market.

all single-family homes, 2023 to June 2024. This data was gathered. All data Copyright KW Advisors Palo Alto

JUNE 2023 - JUNE 2024

STINGS FOR SALE

e-Family Homes

12 months, year-over-year.

os & Townhomes

12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 3m last June 2023, to $2 6m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 2m last June 2023, to $1 5m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 9 days last June 2023, to 10 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 12 days in June 2023, to 10 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108% last June 2023, to 111% a year later

Condos & Townhomes

The overbid percentage has increased from 105% last June 2023, to 109% a year later.

SantaC City

What's in the Sant data?

There were 25 single-family h providing 0.6 months of inve new listings, and 35 homes s of $1.8m. The median overbi 109%, with an average of 14

There were 39 condo and tow sale, providing 1.3 months of were 24 new listings and 28 sale price of $1.2m. The med percentage was at 104%, wit days on the market.

all single-family homes, 2023 to June 2024. This data was gathered. All data Copyright KW Advisors Palo Alto

Condo & Townhomes

24

New Listings

28 Sold Listings

1.3

Months of Inventory

$1.2M

Median Sale Price 104%

Median Sale vs List 17 Avg Days on Market

SantaClaraCity

JUNE 2023 - JUNE 2024 LISTINGS FOR SALE

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last June 2023, to $1 8m as of June 2024

Condos & Townhomes

The median sale price has increased from $949k last June 2023, to $1 2m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last June 2023, to 14 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 15 days in June 2023, to 17 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107% last June 2023, to 109% a year later

Condos & Townhomes

The overbid percentage has decreased from 105% last June 2023, to 104% a year later.

Saratoga

What's in the Saratoga data?

There were 31 single-family homes for sale, providing 0.9 months of inventory. There were 33 new listings, and 25 homes sold at a median price of $4m. The median overbid percentage was at 100%, with an average of 24 days on the market.

There were 2 condo and townhome units for sale, providing 1 month of inventory. There were 4 new listings and 3 units sold at a median sale price of $1.3m. The median overbid percentage was at 108%, with an average of 9 days on the market.

Single-Family Homes

33 New Listings

25 Sold Listings

0.9 Months of Inventory

$4M Median Sale Price

100%

Median Sale vs List

24 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & To

Listings 1 Month of Inventory $ M 108% Median Sale vs List Av

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $4 03m last June 2023, to $4m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 35m last June 2023, to $1 3m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last June 2023, to 24 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 4 days in June 2023, to 9 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 102% last June 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 103% last June 2023, to 108% a year later.

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