Sarah Parsons | Market Report March 2023

Page 1

MARKET REPORT

March 2023 Copyright by KW Advisors 2023

SF BAY AREA AND SILICON VALLEY

Atherton

Jump to Atherton Report

Belmont

Jump to Belmont Report

Burlingame

Jump to Burlingame Report

Foster City

Jump to Foster City Report

Hillsborough

Jump to Hillsborough Report

Menlo Park

Jump to Menlo Park Report

Palo Alto

Jump to Palo Alto Report

Portola Valley

Jump to Portola Valley Report

Redwood City

Jump to Redwood City Report

San Carlos

Jump to San Carlos County

A local Bay Area Pioneer- Sarah is the 5th Generation in San Mateo County She began her career over 30 years ago as the owner and operator of her own real estate company Then went onto opening two Century 21 franchises, followed by opening a RE/MAX franchise.

She earned the prestigious “Centurion” and “Platinum” top producer awards. Both of these awards acknowledge Sarah’s accomplishments that lead her to ranking in the top 1% of Sales Professionals Nationwide

In addition to her vast real estate experience, and successfully closing over 575 sales in her career she also has background and experience in interior design, construction and remodeling. Sarah has built 2 custom luxury homes, as well as...

Each office is independently owned and operated ABOUT
SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor com www.sarahparsons.biz “Persistence in Spite of All Obstacles Equals Success!” Check out my website here 1430 Howard Ave , Burlingame, CA. 94010
ME
PROUDLY
SF BAY AREA AND
VALLEY
SERVING THE
SILICON

Client Testimonials

Sarah advised us on what truly needed to be done to get the most 'bang' for our dollar. She sold our house in 13 days, with 4 bids all over asking price. It closed in 21 days and we were super happy with her skills to accomplish this in such a short period of time Our house sold for $116,000 Over the last sale in our neighborhood, on the market for only 14 days, Closed escrow in 21 days!

Thank you so much for making a 20 year dream of mine come true! When I tell people that we found our home, put in a bid and the bid was accepted (in one day)

UNDER ASKING PRICE all they could say was ”WOW, in this market, I can’t believe it. Truly I don’t think I could have done this without your support, you had some amazing tricks up your sleeve! Glad you were referred to us!”

-Laura and David

What a pleasure it has been working with you in the sale of our home. We had been listed with another brokerage with no results but were pleasantly surprised at how efficient your system was You made the entire process seem so easy compared to what we previously experienced! We thank you and your team! Please stay in touch with us.

For more testimonials, click here

"
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I am dedicated to maintaining a long-term business relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen Schedule
Book a consultation here Let’s Talk Sarah Parsons (650) 898-4863 sarahparsons@realtor.com Let’s Meet 1430 Howard Ave., Burlingame, CA 94010
A Meeting Work with Sarah Parsons
I can help... Contact me for a confidential, no obligation assessment of your home's value. 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? What’s your home really worth in today’s market? SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave , Burlingame, CA 94010

Is It Really Better To Rent Than To Own a Home Right Now?

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio

But here’s the thing – most people who rent aren’t making those investments Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index, explains:

“One of the difficulties with the rent and reinvest model is many people . . . simply rent and spend the difference. . . . That’s wealth destroying. ”

The reason homeownership is one of the best investments you can make is the wealth it helps you build. That’s why there’s a significant difference between the net worth of the average homeowner and the average renter (see graph below):

A Homeowner's Net Worth is More Than 40X Greater Than a Renter's

So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership provides.

Bottom Line

If you’re unsure whether to continue renting or to buy a home, work with a real estate advisor who can help you make the best decision.

Source: Keeping Current Matters

$255,000 $6,300
Renter
Homeowner

Atherton

What's in the Atherton data?

In February, Atherton had 27 single-family homes for sale, providing the market with 2.7 months of inventory. There were 6 new listings and a total of 9 homes sold, with a median sale price of $10.5m. The median sale overbid was 89.0%, and the average time on the market was 89 days.

There are currently no condos for sale, inventory, new listings, or condo sales reported in February and January.

ventory $10.5M Median Sale Price vs List 9 Sold Listings Family Homes d from Broker Metrics on March 3rd, 2023 and includes all condos, and townhomes in the California Area above o February 2023 This may include preliminary data, and e data was gathered All data is deemed reliable but not ns may be directed to KW Advisors 4154839285 Palo 642 Copyright KW Advisors 2023 Each Office is d and operated 89 Avg Days on Market

CONDO

Condo & Townhomes

No data for this month

, y y

Median Sales Price

Single-Family Homes

The median sales price has decreased from $168m last February 2022, to $105m as of February 2023

Condos & Townhomes

No data for this month

AVG Days On the Market

Single-Family Homes

The average days on market went up from 7 days last February 2022, to 89 days as of February 2023.

Condos & Townhomes

The average days on market went up from 0 days in February 2022, to 0 days as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 96.1% last February 2022, to 89% a year later.

Condos & Townhomes

The overbid percentage has decreased from 0% last February 2022, to 0% a year later.

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 100 75 50 25 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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Belmont

What's in the Belmont data?

In February, Belmont City had 6 singlefamily homes sold, a median sale price of $1.9m. The median overbid was at 101.4% and the average time on the market was 26 days. In terms of inventory, there are currently 19 homes for sale providing the market with 2.2 months of inventory.

For condos, there were no units sold. The median sale price and the median overbi was 0. The average time on the market increased to 14 days. There were 3 condo for sale providing the market with 1 mont of inventory.

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

2 September2022October2022November2022December2022January2023February2023 22September2022October2022November2022December2022January2023February2023 Belmont FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $25m last February 2022, to $19m as of February 2023

Condos & Townhomes

The median sales price has decreased from $900k last February 2022, to $0 as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 124.3% last February 2022, to 101.4% a year later.

Condos & Townhomes

The overbid percentage has decreased from 112.7% last February 2022, to 0% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 8 days last February 2022, to 26 days as of February 2023.

Condos & Townhomes

The average days on market went up from 12 days in February 2022, to 14 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 150% 100% 50% 0%
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Burlingame

What's in the Burlingame data?

In February, Burlingame had 7 singlefamily homes sold, a median sale price of $2.7m. The median overbid was at 96.7% and the average time on the market was 12 days. In terms of inventory, there were 29 homes for sale providing the market with 1.9 months of inventory.

For condos, there were 4 units sold. The median sale price increased to $1.2m, and the median overbid increased to 97.8%. The average time on the market increased to 32 days. There are currently 9 condos for sale providing the market with 0.8 month of inventory.

Hle-Family Homes

tings of Inventory

7 Sold Listings

$2.7M Median Sale Price

.7% Sale vs List

12 Avg Days on Market

as sourced from Broker Metrics on March 10th, 2023 and includes mily homes, condos, and townhomes in the California Area above ry 2022 to February 2023 This may include preliminary data, and e time the data was gathered All data is deemed reliable but not Questions may be directed to KW Advisors 4154839285 Palo # 01511642 Copyright KW Advisors 2023 Each Office is tly owned and operated

CO Condo & To

9 New Listings

0.8 Months of Inventory $ M

97.8% Median Sale vs List Av

22 July2022August2022September2022October2022November2022December2022January2023February2023 022 July2022August2022September2022October2022November2022December2022January2023February2023 ame EBRUARY 2023 es ar-over-year. mes ar-over-year SALE SOLD LISTINGS

Median Sales Price

The median sales price has increased from $26m last February 2022, to $27m as of February 2023

The median sales price has increased from $0 last February 2022, to $11m as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 118.3% last February 2022, to 96.7% a year later.

Condos

The overbid percentage has increased from 0% last February 2022, to 97.8% a year later.

AVG Days On the Market

Single-Family

The average days on market went down from 14 days last February 2022, to 12 days as of February 2023.

The average days on market went up from 31 days in February 2022, to 32 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 150 100 50 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
Single-Family Homes
Condos & Townhomes
Homes
& Townhomes
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Foster

What's in the F data?

In February, Foster Cit family homes sold, wit price of $2.4m. The me 101.9% and the average market was 12 days. In there were 12 homes fo market with 1.5 month

For condos, there were median sale price incr the median overbid in The average time on t to 28 days. There were providing the market w inventory.

n Sale Price stings es
is
on Market
2.4M
h 10th, 2023 and includes the California Area above ude preliminary data, and deemed reliable but not visors 4154839285 Palo 2023 Each Office
ys
New Listings 1.2 Months of Inventory $1.4M Median Sale Pr 100.6% Median Sale vs List 28 Avg Days on Mar 1 Sold Listin
Condo & Townhom
25
CONDO
ary2023February2023 nuary2023February2023 , y y LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $31m last February 2022, to $24m as of February 2023

Condos & Townhomes

The median sales price has decreased from $1.3m last February 2022, to $14m as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116.2% last February 2022, to 101.9% a year later.

Condos & Townhomes

The overbid percentage has decreased from 110.3% last February 2022, to 100.6% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 10 days last February 2022, to 12 days as of February 2023.

Condos & Townhomes

The average days on market went up from 13 days in February 2022, to 28 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 50 40 30 20 10 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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COND

Condo & Townho

No data for this month

No data for this month

Median Sales Price

Single-Family Homes

The median sales price has decreased from $54m last February 2022, to $47m as of February 2023

Condos & Townhomes

No data for this month.

AVG Days On the Market

The average days on market went up from 24 days last February 2022, to 32 days as of February 2023.

Condos & Townhomes

The average days on market went up from 0 days in February 2022, to 0 days as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 106.6% last February 2022, to 96% a year later.

Condos & Townhomes

The overbid percentage has decreased from 0% last February 2022, to 0% a year later.

Back to Table of Contents

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $7,500,000 $5,000,000 $2,500,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Single-Family Homes

Menlo Park

What's in the Menlo Park data?

The real estate market in Menlo Park shows a strong demand for single-family homes, with only 0.8 months of inventory currently available for sale. In February, there were 21 new listings and 22 homes sold, providing 0.8 months of inventory; with a median sale price of $4.2m and median overbid of 96.5%. The average time on the market was 22 days.

The condo market in Menlo Park has 1.2 months of inventory currently available for sale. There were 3 new condo listings and 1 condo sold, with a median sale price of $1.2m and a median overbid of 98.1%. The average time on the market for condos was 52 days.

SFH Single-Family Homes

21 New Listings

22 Sold Listings

0.8 Months of Inventory

$4.2M Median Sale Price

96.5% Median Sale vs List

22 Avg Days on Market

This data was sourced from Broker Metrics on March 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from February 2022 to February 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 4154839285 Palo Alto | DRE# 01511642 Copyright KW Advisors 2023 Each Office is independently owned and operated

CONDO

Condo & Townhomes

3 New Listings

1 Sold Listings

1.2 Months of Inventory

$1.2M Median Sale Price

98.1% 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

February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125 100 75 50 25 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 30 20 10 0 Menlo
FEBRUARY 2022 - FEBRUARY 2023
Park
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has increased from $34m last February 2022, to $42m as of February 2023

The median sales price has decreased from $1.8m last February 2022, to $12m as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 107.6% last February 2022, to 96.5% a year later.

Condos & Townhomes

The overbid percentage has decreased from 100.5% last February 2022, to 98.1% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 8 days last February 2022, to 22 days as of February 2023.

Condos & Townhomes

The average days on market went up from 12 days in February 2022, to 52 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
Condos & Townhomes
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Palo Alto

What's in the Palo Alto data?

In February, Palo Alto had 79 homes for sale providing the market with 1.3 months of inventory. There were 36 new listings and a total of 12 homes sold. The median sale price was $3.6m, and the median overbid was 102%. The average time on the market was 31 days.

There are 24 condo and townhome units for sale, providing the market with 2.2 months of inventory. There were 5 new listings for sale and only 1 condo sold, with a median sale price of $1.8m, and a median overbid of 100%. The average time on the market was 24 days.

SFH Single-Family Homes

36 New Listings

12 Sold Listings

1.3 Months of Inventory

$3.6M Median Sale Price

102% Median Sale vs List

31 Avg Days on Market

This data was sourced from Broker Metrics on March 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from February 2022 to February 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 4154839285 Palo Alto | DRE# 01511642 Copyright KW Advisors 2023 Each Office is independently owned and operated

CONDO

Condo & Townhomes

5 New Listings

1 Sold Listings

2.2 Months of Inventory

$1.8M Median Sale Price

100% Median Sale vs List

24 Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 150 100 50 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 Palo
FEBRUARY 2022 - FEBRUARY 2023
Alto
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $41m last February 2022, to $36m as of February 2023

Condos & Townhomes

The median sales price has increased from $1m last February 2022, to $18m as of February 2023

Overbids

Single-Family Homes

AVG Days On the Market

Single-Family Homes

The average days on market went up from 11 days last February 2022, to 31 days as of February 2023.

Condos & Townhomes

The average days on market went up from 9 days in February 2022, to 24 days as of February 2023

Condos & Townhomes

The overbid percentage has decreased from 99.1% last February 2022, to 100% a year later.

The overbid percentage has decreased from 113.3% last February 2022, to 102% a year later. Back

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 150 100 50 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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Contents

Portola Valley

What's in the Portola Valley data?

In February, there were 12 single-family homes for sale with 6 new listings and 2 homes sold The median sale price was $6.7m with an overbid of 84.3%. The average days on market was 15.

There are currently no condos for sale, inventory, new listings, or condo sales reported in February and January.

SFH Single-Family Homes

6 New Listings

2 Sold Listings

2 Months of Inventory

$6.7M Median Sale Price

84.3% Median Sale vs List

15 Avg Days on Market

This data was sourced from Broker Metrics on March 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from February 2022 to February 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 4154839285 Palo Alto | DRE# 01511642 Copyright KW Advisors 2023 Each Office is independently owned and operated

CONDO

Condo & Townhomes

No data for this month

Portola Valley

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 40 30 20 10 0 100 75 50 25 0
FEBRUARY 2022 - FEBRUARY 2023
FOR SALE SOLD LISTINGS
data
month
LISTINGS
No
for this

Median Sales Price

Single-Family Homes

The median sales price has increased from $0 last February 2022, to $67m as of February 2023

Condos & Townhomes

No data for this month.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 0 days last February 2022, to 15 days as of February 2023.

Condos & Townhomes

The average days on market went up from 0 days in February 2022, to 0 days as of February 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 0% last February 2022, to 84.3% a year later.

Condos & Townhomes

The overbid percentage has decreased from 0% last February 2022, to 0% a year later.

Back to Table of Contents

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $7,500,000 $5,000,000 $2,500,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 150 100 50 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%

Redwood City

What's in the Redwood City data?

In February, Redwood City had 23 singlefamily homes sold, a median sale price of $18m The median overbid was at 977% and the average time on the market was 26 days. In terms of inventory, there are currently 26 homes for sale providing the market with 1.1 months of inventory.

For condos, there were a total of 5 units sold. The median sale price increased from to $1.2m, and the median overbid decreased to 95.2%. The average time on the market decreased to 30 days. There are currently 12 condos for sale providing the market with 1.2 months of inventory.

SFH Single-Family Homes

26 New Listings

23 Sold Listings

1.1 Months of Inventory

$1.8M Median Sale Price

97.7% Median Sale vs List

26 Avg Days on Market

This data was sourced from Broker Metrics on March 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from February 2022 to February 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 4154839285 Palo Alto | DRE# 01511642 Copyright KW Advisors 2023 Each Office is independently owned and operated

CONDO

Condo & Townhomes

12 New Listings

5 Sold Listings

1.2 Months of Inventory

$1.2M Median Sale Price

95.2% Median Sale vs List

30 Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 Redwood City FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

The median sales price has decreased from $24m last February 2022, to $18m as of February 2023

Condos

The median sales price has decreased from $1.7m last February 2022, to $12m as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116.2% last February 2022, to 97.7% a year later.

Condos & Townhomes

The overbid percentage has decreased from 112.3% last February 2022, to 95.2% a year later.

AVG Days On the Market

The average days on market went up from 12 days last February 2022, to 26 days as of February 2023.

The average days on market went up from 11 days in February 2022, to 30 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
Single-Family Homes
Condos & Townhomes
Single-Family Homes
Back to Table of Contents

Sa

What data?

In Febru family h $1.3m. T and the 13 days. 23 home with 0.7 For con sold. Th $1.3m, a to 98.6% increase 23 cond with 3 m

M ce d includes Area above data, and ble but not 9285 Palo Office is rket

CONDO

Condo & Townhomes

23 New Listings

4 Sold Listings

3 Months of Inventory

$1.3M Median Sale Price

98.6% Median Sale vs List

20 Avg Days on Market

, y y

Median Sales Price

Single-Family Homes

The median sales price has decreased from $24m last February 2022, to $23m as of February 2023

Condos & Townhomes

The median sales price has decreased from $1.4m last February 2022, to $13m as of February 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 114.6% last February 2022, to 97.44% a year later.

Condos & Townhomes

The overbid percentage has decreased from 112.5% last February 2022, to 98.6% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 7 days last February 2022, to 13 days as of February 2023.

Condos & Townhomes

The average days on market went up from 8 days in February 2022, to 20 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 75 50 25 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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1.3 months of inventory.

022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 Mateo City 2022 - FEBRUARY 2023 mily Homes nths, year-over-year. ownhomes nths, year-over-year LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $2m last February 2022, to $18m as of February 2023

Condos & Townhomes

The median sales price has decreased from $900k last February 2022, to $894k as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 112.9% last February 2022, to 103.1% a year later.

Condos & Townhomes

The overbid percentage has decreased from 102.6% last February 2022, to 99.7% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went down from 12 days last February 2022, to 6 days as of February 2023.

Condos

The average days on market went up from 16 days in February 2022, to 25 days as of February 2023

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
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Sa Co

What Coun

In Febru homes f months listings a median was $2m family ho in Janua for single There we for sale, p of invent sale and sale pric overbid was 992% The average time on the market was 45 days.

ce ncludes all ornia Area reliminary s deemed W Advisors yright KW rket

Condo & Townhomes

107 New Listings

72 Sold Listings

1.3 Months of Inventory

$983K Median Sale Price

99.2% Median Sale vs List

45 Avg Days on Market

CONDO
, y y
LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $19m last February 2022, to $2m as of February 2023

Condos & Townhomes

The median sales price has decreased from $1m last February 2022, to $983k as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 114% last February 2022, to 100% a year later. Back

Condos & Townhomes

The overbid percentage has decreased from 105.4% last February 2022, to 99.2% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 16 days last February 2022, to 35 days as of February 2023.

Condos & Townhomes

The average days on market went up from 26 days in February 2022, to 45 days as of February 2023

February2022March2022April2023May2023June2022July2023August2023September2023October2023November2022December2022January2023February2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023 60 40 20 0 February2022March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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Santa Clara County

What's in the Santa Clara County data?

In February, Santa Clara had 543 single family homes for sale, providing only 0. months of inventory There were 624 n listings and 352 homes sold, with a median sale price of $1.5m and a media overbid of 100%. There was an average 33 days on the market.

There were 229 units for sale, providing only 0.7 months of inventory. There we 243 new listings for sale and 183 condo units sold, with the median sale price a $850k and the median overbid at 100% The average days on the market decreased to 33.

He-Family Homes

4 ings

176 Sold Listings

9 of Inventory

$2M Median Sale Price

0% Sale vs List

35 Avg Days on Market

s sourced from InfoSparks on March 3rd, 2023 and includes all homes, condos and townhomes in the displayed California Area February 2022 to February 2023 This may include preliminary y vary from the time the data was gathered All data is deemed not guaranteed Questions may be directed to KW Advisors - 6506273700 DRE# 01995149 | DRE# 01906450 Copyright KW Each Office is independently owned and operated

CONDO

Condo & Townhomes

107 New Listings

72 Sold Listings

1.3 Months of Inventory

$983K Median Sale Price

99.2% Median Sale vs List

45 Avg Days on Market

Last 12 months,

February2022 March2022 April2023 May2023 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 500 000 500 000 500 0 February2022 March2022 April2023 May2023 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 250 000 750 500 250 0 Santa Clara County FEBRUARY 2022 - FEBRUARY 2023 Single-Family Homes
year-over-year.
& Townhomes
Last 12 months,
Condos
year-over-year LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

The median sales price has decreased from $18m last February 2022, to $15m as of February 2023

Condos

The median sales price has decreased from $985k last February 2022, to $850k as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 115.8% last February 2022, to 100% a year later.

Condos & Townhomes

The overbid percentage has decreased from 107.9% last February 2022, to 100% a year later.

AVG Days On the Market

The average days on market went up from 15 days last February 2022, to 33 days as of February 2023.

The average days on market went up from 16 days in February 2022, to 33 days as of February 2023

February2022March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023 40 30 20 10 0 February2022March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
& Townhomes
Single-Family Homes
Condos & Townhomes
Single-Family Homes
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CONDO

Condo & Townhomes

No data for this month

No data for this month

Median Sales Price

Single-Family Homes

The median sales price has increased from $22m last February 2022, to $237m as of February 2023

Condos & Townhomes

No data for this month.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 7 days last February 2022, to 17 days as of February 2023.

Condos & Townhomes

The average days on market went up from 0 days in February 2022, to 0 days as of February 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 99.4% last February 2022, to 91.1% a year later.

Condos & Townhomes

The overbid percentage has decreased from 0% last February 2022, to 0% a year later.

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 80 60 40 20 0 February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%
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: SARAH PARSONS | DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave., Burlingame, CA. 94010

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