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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.
Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:
“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”
And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.
When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:
“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller.”
That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve developed a considerable amount of equity. Your home equity is an asset you can use to help you buy a home that better suits your needs today.
And when you’re ready to make a move, your team of real estate experts will be your guides through every step of the process. That includes setting the right price for your house when you sell, finding the best location and size for your next home, and understanding what you can afford at today’s mortgage rate.
If you’re thinking about downsizing, ask yourself these questions:
Do the original reasons I bought my current house still stand, or have my needs changed since then?
Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
What are my housing expenses right now, and how much do I want to try to save by downsizing?
Once you know the answers to these questions, meet with a real estate advisor to get an answer to this one: What are my options in the market right now? A local housing market professional can walk you through how much equity you have in your house and how it positions you to win when you downsize.
If you’re looking to save money, downsizing your home could be a great help toward your goal. Talk with a real estate agent about your goals in the housing market this year.
Source: Keeping Current Matters
There are 1,389 single-family homes for sale, providing 0.9 months of inventory. There are 744 new listings, and 555 homes sold for a median price of $1.2m. The median overbid was 106.9%, with an average of 19 days on the market.
There are 574 condo and townhome units for sale, providing 1.3 months of inventory. There are 271 new listings, and 195 units sold at a median sale price of $685k. The median overbid percentage was 101.7%, with an average of 27 days on the market.
744 New Listings
555 Sold Listings
0.9 Months of Inventory
$1.2M Median Sale Price
106.9% Median Sale vs List
19 Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and may 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 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
271 New Listings
195 Sold Listings
1.3 Months of Inventory
$685K Median Sale Price
101.7% Median Sale vs List
27 Avg Days on Market
Last
Condos
Last 12 months, year-over-year
The
The overbid percentage has decreased from 121 1% in April 2022, to 106 9% a year later
& Townhomes
percentage has decreased from 110.6% in April 2022, to 101.7% a year later
Back to Table of Contents
Single
The average time spent on the market increased from 12 days in April 2022, to 19 days as of April 2023
There are 747 single-family homes for sale, providing 1.1 months of inventory. There are 815 new listings, and 543 homes sold at a median sale price of $900k. The median overbid percentage was 100.9%, with an average of 27 days on the market.
There are 225 condo and townhome units for sale, providing 1.2 month of inventory. There are 219 new listings, and 142 units sold at a median sale price of $545k. The median overbid percentage was 100%, with an average of 25 days on the market.
815 New Listings
543 Sold Listings
1.1 Months of Inventory
$900K Median Sale Price
100.9% Median Sale vs List
27 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and may 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 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
Condo & Townhomes
219 New Listings
142 Sold Listings
1.2 Months of Inventory
$545K Median Sale Price
100% Median Sale vs List
25 Avg Days on Market
Last 12 months,
Single
The median sales price has decreased from $986k in April 2022, to $900k as of April 2023
Condos
AVGDays OntheMarket
Family Homes
The average days on market went up from 13 days in April 2022, to 25 days as of April 2023.
Overbids
Single
Family Homes
&
There are 229 single-family homes for sale, providing 3 months of inventory. There are 86 new listings, and 60 homes sold at a median sale price of $825k. The median overbid percentage was 99.7%, with an average of 60 days on the market.
There are 15 condo and townhome units for sale, providing 1.5 months of inventory. There are 7 new listings, and 8 units sold at a median sale price of $717k. The median overbid percentage was 100%, with an average of 48 days on the market.
single-family homes, condos and 2023. This may include gathered. All data is deemed Advisors. 415.483.9285 2023. Each Office is
Condo & Townhomes
7 New Listings
8 Sold Listings
1.5 Months of Inventory
$717K Median Sale Price
100% Median Sale vs List
48 Avg Days on Market
Last 12 months,
Condos
Last 12 months, year-over-year
The median sales price has decreased from $971k in April 2022, to $825k as of April 2023
The overbid percentage has decreased from 101 5% in April 2022, to 99 7% a year later
The overbid percentage has decreased from 102.4% in April 2022, to 100% a year later
Single
The average time spent on the market increased from 40 days last April 2022, to 60 days as of April 2023
The average time spent on the market increased from 39 days in April 2022, to 48 days as of April 2023.
There are 317 single-family homes for sale, providing 1.9 months of inventory. There are 235 new listings, and 171 homes sold at a median sale price of $1.5m. The median overbid percentage was 104%, with an average of 32 days on the market.
There are 600 condo and townhome units for sale, providing 3.2 months of inventory. There are 270 new listings, and 175 units sold at a median sale price of $1.1m. The median overbid percentage was 100%, with an average of 58 days on the market.
235 New Listings
171 Sold Listings
1.9 Months of Inventory
$1.5M Median Sale Price
104% Median Sale vs List
32 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and may 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 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
270 New Listings
175 Sold Listings
3.2 Months of Inventory
$1.1M Median Sale Price
100% Median Sale vs List
58 Avg Days on Market
Single
Homes
AVGDays OntheMarket
Homes
Overbids
Single Family Homes
The overbid percentage has decreased from 103.6% in April 2022, to 100% a year later
Back to Table of Contents
There are 380 single-family homes for sale, providing 1.4 months of inventory. There are 388 new listings, and 227 homes sold at a median sale price of $1.8m. The median overbid percentage was 100.3%, with an average of 25 days on the market.
There are 139 condo and townhome units for sale, providing 1.5 months of inventory. There are 133 new listings, and 70 units sold at a median sale price of $857k. The median overbid percentage was 100%, with an average of 36 days on the market.
388 New Listings
227 Sold Listings
1.4 Months of Inventory
$1.8M Median Sale Price
100.3% Median Sale vs List
25 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and may 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 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
Condo & Townhomes
133 New Listings
70 Sold Listings
1.5 Months of Inventory
$857K Median Sale Price
100% Median Sale vs List
36 Avg Days on Market
Last
Last
The median sales price has decreased from $2 2m in April 2022, to $01 8m as of April 2023
The median sales price has decreased from $1m in April 2022, to $857k as of April 2023
Single Family Homes
The overbid percentage has decreased from 112 5% in April 2022, to 100 3% a year later
Condos & Townhomes
The overbid percentage has decreased from 105.3% in April 2022, to 100% a year later
The average time spent on the market increased from 13 days in April 2022, to 25 days as of April 2023
The average time spent on the market increased from 18 days in April 2022, to 36 days as of April 2023.
There are 651 single-family homes for sale, providing 1 month of inventory. There are 834 new listings, and 584 homes sold at a median sale price of $1.7m. The median overbid percentage was 102.7%, with an average of 19 days on the market.
There are 254 condo and townhome units for sale, providing 0.9 months of inventory. There are 324 new listings, and 239 units sold at a median sale price of $928k. The median overbid percentage was 101.6%, with an average of 20 days on the market.
4 ngs
584 Sold Listings
f Inventory
2.7% ale vs List
$1.7M Median Sale Price
19 Avg Days on Market
sourced from InfoSparks, includes all single-family homes, condos and the California Area from April 2022 to April 2023. This may include data, and may vary from the time the data was gathered. All data is deemed guaranteed. Questions may be directed to KW Advisors. 415.483.9285 5149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
324 New Listings
2 Sold
0.9 Months of Inventory
$92 Median S
101.6% Median Sale vs List Avg Days o
The median sales price has decreased from $1 9m last April 2022, to $1 7m as of April 2023
Overbids
Family
Homes
The overbid percentage has decreased from 110% last April 2022, to 101.6% a year later
Single
The average days on market went up from 10 days last April 2022, to 19 days as of April 2023
Currently, there are 357 single-family homes for sale, providing 1 month of inventory. There are 323 new listings, and 297 homes sold at a median sale price of $574k. The median overbid percentage was 100%, with an average of 47 days on the market.
There are currently 19 condo and townhome units for sale, providing 0.7 months of inventory. There are 25 new listings, and 23 units sold at a median sale price of $355k. The median overbid percentage was 100%, with an average of 32 days on the market.
25 New Listings
23 Sold Listings
amily Homes months, year-over-year.
& Townhomes months, year-over-year
Single
The median sales price has decreased from $635k in April 2022, to $574k as of April 2023
Condos
The median sales price has increased from $377k in April 2022, to $355k as of April 2023
Single Family Homes
The overbid percentage has decreased from 103 2% in April 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.2% in April 2022, to 100% a year later
Single
The average time spent on the market increased from 20 days in April 2022, to 47 days as of April 2023
Condos
The average time spent on the market increased from 27 days in April 2022, to 32 days as of April 2023.
Currently, there are 529 single-family homes for sale, providing 1.7 months of inventory. There are 301 new listings, and 260 homes sold at a median sale price of $847k. The median overbid percentage was 100%, with an average of 54 days on the market.
There are currently 40 condo and townhome units for sale, providing 1 month of inventory. There are 24 new listings, and 26 units sold at a median sale price of $435k. The median overbid percentage was 100%, with an average of 33 days on the market.
301 New Listings
260 Sold Listings
1.7 Months of Inventory
$847K Median Sale Price
100% Median Sale vs List
54 Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and may 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 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.
24 New Listings
Sold Listings
1 Months of Inventory
$435K Median Sale Price 100% Median Sale vs List
33 Avg Days on Market
Last
Condos
Last 12 months, year-over-year
Single
The median sales price has decreased from $860k in April 2022, to $847k as of April 2023
Condos
AVGDays OntheMarket
Homes
Overbids
Single Family Homes
& Townhomes
Back to Table of Contents
There are 230 single-family homes for sale, providing 1.5 months of inventory. There are 135 new listings, and 150 homes sold at a median sale price of $1.8m. The median overbid percentage was 102.3%, with an average of 24 days on the market.
There are 115 condo and townhome units for sale, providing 2.4 months of inventory. There are 48 new listings, and 52 units sold at a median sale price of $749k. The median overbid percentage was 101%, with an average of 52 days on the market.
48 New Listings
52 Sold Listings
2.4 Months of Inventory
$749K Median Sale Price
100% Median Sale vs List
52 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single
Homes
AVGDays OntheMarket
Homes
Overbids
Single Family Homes
The overbid percentage has decreased from 102.2% in April 2022, to 100% a year later
Back to Table of Contents
