MARKET REPORT
April 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!
- Jim & Margaret MThank 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.
- Stan and EveFor more testimonials, click here
"
"
"
My Mobile App
Curious about what’s trending in your neighborhood? Ready to make a move? Download our app for real estate insights, on demand.
Key Features
Work with an Agent Custom Searches
Dynamic Map Get Local
Anytime Access
Share Information
Download the Keller Williams Real Estate Mobile App for iPhone, iPad, and Android via the links below:
For more information, click here
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
How Changing Mortgage Rates Can Affect You
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power
The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:
Even a 0.5% change can have a big impact on your monthly payment And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.
What This Means for You
You may be tempted to put your homebuying plans on hold in hopes that rates will fall. But that can be risky. No one knows for sure where rates will go from here, and trying to time them for your benefit is tough. Lisa Sturtevant, Housing Economist at Bright MLS, explains:
“It is typically a fool’s errand for a homebuyer to try to time rates in this market But volatility in mortgage rates right now can have a real impact on buyers’ monthly payments.”
That’s why it’s critical to lean on your expert real estate advisors to explore your mortgage options, understand what impacts mortgage rates, and plan your homebuying budget around today’s volatility. They’ll also be able to offer advice tailored to your specific situation and goals, so you have what you need to make an informed decision.
Bottom Line
Your ability to buy a home could be impacted by changing mortgage rates. If you’re thinking about making a move, partner with a trusted real estate agent and lender so you have a strong plan in place
Source: Keeping Current Matters
Atherton
What's in the Atherton data?
Currently, there are 28 single-family homes for sale, providing 7.7 months of inventory. There were 8 new listings, and 4 homes were sold with a median sale price of $6.2m. The median overbid was 89.6%, and the average time spent on the market was 35 days.
There are currently no condos for sale, inventory, new listings, or condo sales reported in March and January.
SFH Single-Family Homes
8 New Listings
4 Sold Listings
7.7 Months of Inventory
$6.2M Median Sale Price
89.6% Median Sale vs List
35 Avg Days on Market
This data was sourced from Broker Metrics on April 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
LISTINGS
Single-Family Homes
Last 12 months, year-over-year.
No data for this month
Condos
Last 12 months, year-over-year
100 75 50 25 0
Atherton
MARCH 2022 - MARCH 2023
FOR SALE SOLD LISTINGS
& Townhomes
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 50 40 30 20 10 0
Median Sales Price
Single-Family Homes
The median sales price has decreased from $168m last March 2022, to $62m as of March 2023
Condos & Townhomes
No data for this month
AVG Days On the Market
Single-Family Homes
The average days on market went up from 12 days last March 2022, to 35 days as of March 2023.
Overbids
Single-Family Homes
No data for this month.
The overbid percentage has decreased from 104.9% last March 2022, to 89.6% a year later. Back
No data for this month.
Condos & Townhomes
Condos & Townhomes
of
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 100 75 50 25 0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
to Table
Contents
Belmont
What's in the Belmont data?
In March, Belmont City had 9 single-fam homes sold, a median sale price of $2.4 The median overbid was at 103% and th average time on the market was 16 day In terms of inventory, there are current 33 homes for sale, providing the marke with 1.3 months of inventory.
For condos, there were no units sold. Th median sale price and the median over was 0. The average time on the market increased to 15 days. There were 2 cond for sale providing the market with 0 month of inventory.
Hle-Family Homes
tings of Inventory
3% Sale vs List
9 Sold Listings
$2.4M Median Sale Price
16 Avg Days on Market
s sourced from Broker Metrics on April 14th, 2023 and includes all homes, condos, and townhomes in the California Area above 2022 to March 2023 This may include preliminary data, and vary me 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
New Listings 0 Month of Inventory Median Sa 0% Median Sale vs List Avg Days on Sold
Condo & Townho
1
COND
May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 mont 022 - MARCH 2023 amily Homes months, year-over-year. & Townhomes months, year-over-year
FOR SALE SOLD LISTINGS
NGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $27m last March 2022, to $24m as of March 2023
Condos & Townhomes
The median sales price has decreased from $1.1m last March 2022, to $0 as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 125.2% last March 2022, to 103% a year later.
Condos & Townhomes
The overbid percentage has decreased from 108.8% last March 2022, to 0% a year later.
AVG Days On the Market
Single-Family Homes
The average days on market went up from 9 days last March 2022, to 16 days as of March 2023.
Condos & Townhomes
The average days on market went up from 8 days in March 2022, to 15 days as of March 2023
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 75 50 25 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 150% 100% 50% 0%
Back to Table of Contents
Burlingame
What's in the Burlingame data?
In March, Burlingame had 8 single-family homes sold, a median sale price of $2.1m. The median overbid was at 97% and the average time on the market was 28 days. In terms of inventory, there were 36 homes for sale providing the market with 2.2 months of inventory.
For condos, there were 5 units sold. The median sale price increased to $1.5m, and the median overbid increased to 103%. The average time on the market increased to 35 days. There are currently 4 condos for sale providing the market with 0.3 month of inventory.
SFH Single-Family Homes
18 ew Listings
8 Sold Listings
2.2 Months of Inventory
$2.1M Median Sale Price
97% Median Sale vs List
28 Avg Days on Market
is data was sourced from Broker Metrics on April 14th, 2023 and includes all ngle-family homes, condos, and townhomes in the California Area above m March 2022 to March 2023 This may include preliminary data, and vary m the time the data was gathered All data is deemed reliable but not aranteed Questions may be directed to KW Advisors 4154839285 Palo o | DRE# 01511642 Copyright KW Advisors 2023 Each Office is dependently owned and operated
COND
Condo & Townho
2 New Listings
Sold
0.3 Months of Inventory
$1.5 Median Sa
103% Median Sale vs List Avg Days on
May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 rlingame 022 - MARCH 2023
Homes months, year-over-year. & Townhomes months, year-over-year
FOR SALE
amily
NGS
SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $29m last March 2022, to $21m as of March 2023
Condos & Townhomes
The median sales price has increased from $1.2 last March 2022, to $15m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 112.7% last March 2022, to 97% a year later.
Condos & Townhomes
The overbid percentage has increased from 101.3% last March 2022, to 103% a year later.
AVG Days On the Market
Single-Family
The average days on market went up from 10 days last March 2022, to 28 days as of March 2023.
Condos
The average days on market went up from 11 days in March 2022, to 35 days as of March 2023
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 150 100 50 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
& Townhomes
Homes
Back to Table of Contents
Foster City
What's in the Foster City data?
In March, Foster City had 5 single-family homes sold, with a median sale price of $2.7m. The median overbid was at 103.4% and the average time on the market was 10 days. In terms of inventory, there were 12 homes for sale providing the market with 0.8 months of inventory.
For condos, there were 7 units sold. The median sale price increased to $1.5m, and the median overbid decreased to 98%. The average time on the market increased to 12 days. There were 22 condos for sale providing the market with 1.1 month of inventory.
d Listings
0 Days on Market
April 14th, 2023 and includes all s in the California Area above ude preliminary data, and vary ta is deemed reliable but not W Advisors 4154839285 Palo isors 2023 Each Office is
$2.7M dian Sale Price mes
COND
Condo & Townho
10 New Listings
Sold L
1.1 Months of Inventory
$1.5 Median Sal
98% Median Sale vs List Avg Days on
, y y
Median Sales Price
Single-Family Homes
The median sales price has increased from $24m last March 2022, to $27m as of March 2023
Condos
The median sales price has increased from $1.2m last March 2022, to $15m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 117.1% last March 2022, to 103.4% a year later.
Condos
The overbid percentage has decreased from 110.5% last March 2022, to 98% a year later.
AVG Days On the Market
Single-Family
The average days on market went up from 8 days last March 2022, to 10 days as of March 2023.
Condos
The average days on market went up from 9 days in March 2022, to 12 days as of March 2023
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 50 40 30 20 10 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
& Townhomes
& Townhomes
Homes
& Townhomes
Back to Table of Contents
Hillsboroug
What's in the Hillsboroug data?
In March, Hillsborough had 9 single-fam homes sold, a median sale price of $6.3m The median overbid was at 95.7% and th average time on the market was 47 day In terms of inventory, there were 42 homes for sale providing the market wi 2 months of inventory.
There were no condos for sale, inventor new listings, or condo sales reported in March and January.
M e cludes all ea above and vary but not 285 Palo Office is ket
CONDO
Condo & Townhomes
No data for this month
Single-Family Homes
Last 12 months,
Condos & Townhomes
Last 12 months, year-over-year
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 60 40 20 0 100 75 50 25 0 Hillsborough
2022 - MARCH 2023
MARCH
year-over-year.
LISTINGS FOR SALE SOLD LISTINGS No data for this month
Median Sales Price
Single-Family Homes
The median sales price has decreased from $54m last March 2022, to $63m as of March 2023
Condos & Townhomes
No data for this month.
Overbids
Single-Family Homes
The overbid percentage has decreased from 100.5% last March 2022, to 95.7% a year later.
Condos & Townhomes
No data for this month.
Back to Table of Contents
AVG Days On the Market
The average days on market went up from 24 days last March 2022, to 47 days as of March 2023.
Condos & Townhomes
No data for this month.
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $7,500,000 $5,000,000 $2,500,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 75 50 25 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Single-Family Homes
Menlo Pa
What's in the Menlo P data?
Currently, there are 52 single-fami homes for sale, providing 0.8 mon inventory. There were 30 new listin 18 homes were sold with a median price of $3.8m. The median overbi 97.6%, and the average time spen market was 18 days.
There are currently 11 condo and townhome units for sale, providin months of inventory. There were 5 listings for sale, and 5 condos were with a median sale price of $1.4m. median overbid was 95.5%, and th average time on the market was 1
gs nventory $3.8M Median Sale Price 6% e vs List 18 Sold Listings H -Family Homes ced from Broker Metrics on April 3rd, 2023 and includes all es, condos, and townhomes in the California Area above o March 2023 This may include preliminary data, and vary e data was gathered All data is deemed reliable but not tions may be directed to KW Advisors 4154839285 Palo 511642 Copyright KW Advisors 2023 Each Office is ned and operated 18 Avg Days on Market
Ne
Months of 95
Median S
, y y STINGS 3February2023 March2023 23February2023 March2023
Median Sales Price
Single-Family Homes
The median sales price has increased from $33m last March 2022, to $38m as of March 2023
Condos & Townhomes
The median sales price has increased from $1.2m last March 2022, to $14m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 109.4% last March 2022, to 97.6% a year later.
Condos & Townhomes
The overbid percentage has decreased from 102.1% last March 2022, to 95.5% a year later.
Back to Table of Contents
AVG Days On the Market
Single-Family Homes
The average days on market went up from 12 days last March 2022, to 18 days as of March 2023.
The average days on market went up from 14 days in March 2022, to 173 days as of March 2023.
Condos & Townhomes
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 200 150 100 50 0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Palo Alto
What's in the Palo Alto data?
Currently, there are 87 single-family homes for sale, providing 1.6 months of inventory. There were 44 new listings, and 33 homes were sold with a median sale price of $3.4m. The median overbid was 99.8%, and the average time spent on the market was 19 days.
There are currently 26 condo and townhome units for sale, providing 1.8 months of inventory. There were 13 new listings for sale, and 8 condos were sold with a median sale price of $1.4m. The median overbid was 100%, and the average time on the market was 38 days.
SFH Single-Family Homes
44 New Listings
33 Sold Listings
1.6 Months of Inventory
$3.4M Median Sale Price
99.8% Median Sale vs List
19 Avg Days on Market
This data was sourced from Broker Metrics on April 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
13 New Listings
8 Sold Listings
1.8 Months of Inventory
$1.4M Median Sale Price
100% Median Sale vs List
38 Avg Days on Market
Palo Alto
MARCH 2022 - MARCH 2023
Last 12 months, year-over-year.
Last 12 months, year-over-year
Single-Family Homes
Condos & Townhomes
LISTINGS FOR SALE SOLD LISTINGS March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 150 100 50 0 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 60 40 20 0
Median Sales Price
Single-Family Homes
The median sales price has decreased from $43m last March 2022, to $34m as of March 2023
Condos & Townhomes
The median sales price has decreased from $1.9m last March 2022, to $14m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 109.3% last March 2022, to 99.8% a year later.
Condos & Townhomes
The overbid percentage has decreased from 111.2% last March 2022, to 100% a year later.
AVG Days On the Market
Single-Family Homes
The average days on market went up from 12 days last March 2022, to 19 days as of March 2023.
The average days on market went up from 15 days in March 2022, to 38 days as of March 2023.
Condos & Townhomes
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 150 100 50 0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents
Portola Valley
What's in the Portola Valley data?
Currently, there are 13 single-family homes for sale, providing 2.3 months of inventory. There were 5 new listings, and 4 homes were sold with a median sale price of $3.7m. The median overbid was 94.4%, and the average time spent on the market was 32 days.
There are currently no condos for sale, inventory, new listings, or condo sales reported in March and January.
SFH Single-Family Homes
5 New Listings
4 Sold Listings
2.3 Months of Inventory
$3.7M Median Sale Price
94.4% Median Sale vs List
32 Avg Days on Market
This data was sourced from Broker Metrics on April 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
MARCH 2022 - MARCH 2023
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
100 75 50 25 0
FOR SALE SOLD LISTINGS
data for this month March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 40 30 20 10 0
LISTINGS
No
Median Sales Price
Single-Family Homes
The median sales price has decreased from $46m last March 2022, to $37m as of March 2023
Condos & Townhomes
No data for this month.
AVG Days On the Market
The average days on market went up from 13 days last March 2022, to 32 days as of March 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 108.8% last March 2022, to 94.4% a year later.
No data for this month.
No data for this month.
Condos & Townhomes
Single-Family Homes
& Townhomes
Condos
to Table of Contents March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $7,500,000 $5,000,000 $2,500,000 $0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 150 100 50 0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Back
Redwood City
What's in the Redwood City data?
Currently, there are 65 single-family homes for sale, providing 1 month of inventory There were 34 new listings, and 26 homes were sold with a median sale price of $1.8m. The median overbid was 99.2%, and the average time spent on the market was 19 days.
There are currently 26 condo and townhome units for sale, providing 1.8 months of inventory. There were 6 new listings for sale, and 10 condos were sold with a median sale price of $1.4m. The median overbid was 101.8%, and the average time on the market was 11 days.
SFH Single-Family Homes
34 New Listings
26 Sold Listings
1 Months of Inventory
$1.8M Median Sale Price
99.2% Median Sale vs List
19 Avg Days on Market
This data was sourced from Broker Metrics on April 3rd, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
Months of Inventory
Median Sale Price 101.8% Median Sale vs List 11 Avg Days on Market
Condo & Townhomes
6 New Listings 1.8
$1.4M
10 Sold Listings CONDO
Redwood City
MARCH 2022 - MARCH 2023
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
LISTINGS FOR SALE SOLD LISTINGS March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 200 150 100 50 0 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 60 40 20 0
Median Sales Price
Single-Family Homes
The median sales price has decreased from $24m last March 2022, to $18m as of March 2023
Condos & Townhomes
The median sales price has decreased from $1.7m last March 2022, to $12m as of March 2023
Overbids
Single-Family Homes
AVG Days On the Market Condos
Single-Family Homes
The average days on market went up from 12 days last March 2022, to 26 days as of March 2023.
The average days on market went up from 11 days in March 2022, to 30 days as of March 2023.
The overbid percentage has decreased from 116.2% last March 2022, to 97.7% a year later. Back to Table
Condos & Townhomes
The overbid percentage has decreased from 112.3% last March 2022, to 95.2% a year later.
Townhomes
&
of
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 60 40 20 0 March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Contents
San Carlos
What's in the San Carlos data?
In March, San Carlos had 15 single-family homes sold, a median sale price of $1.6m. The median overbid was at 99.4% and the average time on the market was 17 days. In terms of inventory, there were 38 homes for sale providing the market with 1.5 months of inventory.
For condos, there were a total of 5 units sold. The median sale price increased to $1.6m, and the median overbid decreased to 98.1%. The average time on the market increased to 15 days. There are currently 22 condos for sale providing the market with 4.2 months of inventory.
gs Inventory $1.6M Median Sale Price 4% le vs List 15 Sold Listings
-Family Homes urced from Broker Metrics on April10th, 2023 and includes all mes, condos, and townhomes in the California Area above to March 2023 This may include preliminary data, and vary he data was gathered All data is deemed reliable but not stions may be directed to KW Advisors 4154839285 Palo 1511642 Copyright KW Advisors 2023 Each Office is wned and operated 17 Avg Days on Market
H
CONDO
Condo & Townhomes
8 New Listings
5 Sold Listings
4.2 Months of Inventory
$1.6M Median Sale Price
98.1% Median Sale vs List
15 Avg Days on Market
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 100 75 50 25 0 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 50 40 30 20 10 0 San Carlos
2022 - MARCH 2023
MARCH
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $28m last March 2022, to $23m as of March 2023
Condos & Townhomes
The median sales price has increased from $975k last March 2022, to $16m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 111.8% last March 2022, to 99.4% a year later.
Condos & Townhomes
The overbid percentage has decreased from 107.4% last March 2022, to 98.1% a year later.
AVG Days On the Market
Single-Family
The average days on market went up from 7 days last March 2022, to 17 days as of March 2023.
Condos & Townhomes
The average days on market went up from 9 days in March 2022, to 15 days as of March 2023.
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 75 50 25 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Homes
Back to Table of Contents
San Mateo City
What's in the San Mateo City data?
In March, San Mateo City had 36 singlefamily homes sold, a median sale price of $17m The median overbid was at 996% and the average time on the market was 29 days. In terms of inventory, there were 70 homes for sale providing the market with 1.1 months of inventory.
For condos, there were a total of 36 units sold. The median sale price increased to $1.1m, and the median overbid decreased to 96.8%. The average time on the market decreased to 19 days. There were 80 condos for sale providing the market with 1.3 months of inventory.
SFH Single-Family Homes
33 New Listings
36 Sold Listings
1.1 Months of Inventory
$1.7M Median Sale Price
99.6% Median Sale vs List
29 Avg Days on Market
This data was sourced from Broker Metrics on April10th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
New Listings 1.3 Months of Inventory $1.1M Median Sale Price 96.8 Median Sale vs List 19 Avg Days on Market 36 Sold Listings
Condo & Townhomes
23
CONDO
Last 12 months,
Condos
Last 12 months, year-over-year
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 250 200 150 100 50 0 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 200 150 100 50 0
MARCH 2022 - MARCH 2023
Homes
San Mateo City
Single-Family
year-over-year.
& Townhomes
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $23m last March 2022, to $17m as of March 2023
Condos & Townhomes
The median sales price has increased from $1m last March 2022, to $11m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 118% last March 2022, to 99.6% a year later.
Condos & Townhomes
The overbid percentage has decreased from 107.2% last March 2022, to 96.8% a year later.
AVG Days On the Market
Single-Family Homes
The average days on market went up from 9 days last March 2022, to 29 days as of March 2023.
Condos
The average days on market went down from 33 days in March 2022, to 19 days as of March 2023.
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 75 50 25 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
& Townhomes
Back to Table of Contents
San M Count
What's in the County data?
Currently, there are 33 for sale, providing the inventory. There were 251 homes were sold a $17m The median ove 100%, with an average market.
There are currently 132 units for sale, providing There were 87 new list at a median sale price overbid percentage wa average of 36 days on t
1 stings es
KW Advisors 2023
on Market
.7M Sale Price
d, 2023 and includes all displayed California Area ude preliminary data, and ta is deemed reliable but Advisors 4154839285yright
ys
Last
Last
MARCH 2022 - MARCH 2023 Single-Family Homes
San Mateo County
12 months, year-over-year. Condos & Townhomes
12
year-over-year LISTINGS FOR SALE SOLD LISTINGS March2022 April2023 May2023 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 1250 1000 750 500 250 0 March2022 April2023 May2023 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 400 300 200 100 0
months,
Median Sales Price
Single-Family Homes
The median sales price has decreased from $2m last March 2022, to $17m as of March 2023
Condos & Townhomes
The median sales price has increased from $938k last March 2022, to $1m as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 114.4% last March 2022, to 100% a year later.
Condos & Townhomes
The overbid percentage has decreased from 105.3% last March 2022, to 99.9% a year later.
AVG Days On the Market Condos
Single-Family Homes
The average time spent on market went up from 12 days last March 2022, to 28 days as of March 2023.
The average time spent on market went up from 16 days in March 2022, to 36 days as of March 2023.
& Townhomes
March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 March2022April2023May2023June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 60 40 20 0 March2022April2023May2023June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents
San Co
What's County
Currently, homes for 1 month o listings, an sale price percentag 25 days on There are townhom market wi There wer were sold
The media with an av
des all a Area a, and le but 92852023 t
Con
35 New List 0. Months of Inven
100% Median Sale vs
a County r. , y y r SOLD LISTINGS er2022November2022December2022January2023February2023 March2023 ber2022November2022December2022January2023February2023 March2023
Median Sales Price
Single-Family Homes
The median sales price has decreased from $19m last March 2022, to $16m as of March 2023
Condos & Townhomes
The median sales price has decreased from $1m last March 2022, to $940k as of March 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 116% last March 2022, to 100.9% a year later.
Condos & Townhomes
The overbid percentage has decreased from 110.5% last March 2022, to 100% a year later.
Back to Table of Contents
AVG Days On the Market Condos
Single-Family Homes
The average time spent on market went up from 12 days last March 2022, to 25 days as of March 2023.
The average time spent on market went up from 11 days in March 2022, to 27 days as of March 2023.
Townhomes
&
March2022April2023May2023June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 March2022April2023May2023June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 40 30 20 10 0 March2022April2023May2023June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Woodside
What's in the Woodside data?
In March, Woodside had 5 single-family homes sold, a median sale price of $3.5. The median overbid was at 94.4% and the average time on the market was 14 days. In terms of inventory, there were 26 homes for sale, providing the market with 10 months of inventory.
There are currently no condos for sale, inventory, new listings, or condo sales reported in March and January.
SFH Single-Family Homes
3 New Listings
5 Sold Listings
10 Months of Inventory
$3.5M Median Sale Price
94.4% Median Sale vs List
14 Avg Days on Market
This data was sourced from Broker Metrics on April 14th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from March 2022 to March 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
MARCH 2022 - MARCH 2023
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 60 40 20 0 100 75 50 25 0 Woodside
LISTINGS FOR SALE SOLD LISTINGS No data for this month
Median Sales Price
Single-Family Homes
The median sales price has increased from $32m last March 2022, to $35m as of March 2023
Condos & Townhomes
No data for this month.
AVG Days On the Market
Single-Family Homes
The average days on market went down from 29 days last March 2022, to 14 days as of March 2023.
Condos & Townhomes
No data for this month.
Overbids
Single-Family Homes
The overbid percentage has decreased from 108.6% last March 2022, to 94.4% a year later.
Condos & Townhomes
No data for this month.
March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 75 50 25 0 March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023 125% 100% 75% 50% 25% 0%
Back to Table of Contents
: SARAH PARSONS | DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave., Burlingame, CA. 94010