MARKET REPORT
SF BAY AREA AND SILICON VALLEY
Atherton
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Belmont
Jump to Belmont Report
Burlingame
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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
SERVING THE SF BAY AREA AND SILICON VALLEY
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
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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
How Homeowners Win When They Downsize
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.
What This Means for You
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
Bottom Line
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
Atherton
What's in the Atherton data?
There were 43 single-family homes for sale, providing the market with 26 months of inventory. There were 10 new listings added, and 6 homes sold for an average of $5.4m. The median overbid was 96.4%, with an average of 76 days spent on the market.
There is no data for condos and townhomes this month.
10 New Listings
6 Sold Listings
2.6 Months of Inventory
$5.4M Median Sale Price
96.4% Median Sale vs List
76 Avg Days on Market
This data was sourced from Broker Metrics on June 5th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
No data for this month
Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 n over-year. s over-year LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $79m last May 2022, to $54m as of May 2023
Condos & Townhomes
No Data For This Month
Overbids
Single-Family Homes
The overbid percentage has decreased from 98.7% last May 2022, to 96.4% a year later.
Condos & Townhomes
No Data For This Month
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 12 days last May 2022, to 76 days as of May 2023
Condos & Townhomes
No Data For This Month.
to Table of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 100 75 50 25 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Back
Belmo
What's in th data?
In May, Belmont Ci homes sold, with a $2.1m. The median and the average tim days. In terms of inv currently 30 homes market with 1.6 mo
For condos, there w median sale price o overbid was at 0% a on the market was condos for sale pro 0 months of invent
ian Sale Price 4 Listings mes
in
eliminary data,
deemed reliable but
Days on Market
2.1M
ne 15th, 2023 and includes all
the California Area above
and vary from s
not Advisors 4154839285 Palo sors 2023 Each Office is
0 New Listings 0 Month of Inventory $0 Median Sale Price 0% Median Sale vs List 11 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 60 40 20 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 15 10 5 0 Belmont
MAY 2022 - MAY 2023
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sale price has decreased from $28m last May 2022, to $21m as of May 2023
Condos & Townhomes
The median sale price has decreased from $1.2m last May 2022, to $0 as of May 2023.
AVG Days On the Market
Single-Family Homes
The average days on market went down from 20 days last May 2022, to 11 days as of May 2023.
Condos & Townhomes
The average days on market went up from 0 days in May 2022, to 11 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 114% last May 2022, to 100.4% a year later Back
Condos & Townhomes
The overbid percentage has decreased from 1116% last May 2022, to 0% a year later
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $3,000,000 $2,000,000 $1,000,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 75 50 25 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
of
to Table
Contents
Burlin
What's in th data?
In May, Burlingame homes sold, a medi
The median overbid average time on th In terms of invento homes for sale prov 0.7 months of inven
For condos, there w median sale price o overbid was at 0% a on the market was condos for sale pro 0.7 months of inven
mes
6 Listings
2.7M ian Sale Price
8 Days on Market
une 15th, 2023 and includes all in the California Area above eliminary data, and vary from s deemed reliable but not W Advisors 4154839285 Palo sors 2023 Each Office is
2 New Listings
0 Sold Listings
0.7 Months of Inventory
$0 Median Sale Price
0% Median Sale vs List
13 Avg Days on Market
Condo
CONDO
& Townhomes
MAY 2022 - MAY 2023
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 100 75 50 25 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 15 10 5 0
Burlingame
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sale price has decreased from $33m last May 2022, to $27m as of May 2023
Condos & Townhomes
The median sale price has decreased from $1.4 last May 2022, to $0 as of May 2023
AVG Days On the Market
Single-Family Homes
The average days on market went up from 7 days last May 2022, to 18 days as of May 2023
Condos & Townhomes
The average days on market went up from 112 days in May 2022, to 13 days as of May 2023
Overbids
Single-Family Homes
The overbid percentage has decreased from 106.6% last May 2022, to 97.6% a year later.
Condos & Townhomes
The overbid percentage has decreased from 96.5% last May 2022, to 0% a year later
Back to Table of Contents
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 60 40 20 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
Foster City
What's in the Foster City data?
In May, Foster City had 6 single-family homes sold, with a median sale price of $2.3m. The median overbid was at 103.8% and the average time on the market was 18 days. In terms of inventory, there were 19 homes for sale providing the market with 1.2 months of inventory.
For condos, there were 6 units sold, with a median sale price of $1.3m. The median overbid was at 98.3% and the average time on the market was 14 days. There were 23 condos for sale providing the market with 1.9 months of inventory.
SFH Single-Family Homes
9 New Listings
6 Sold Listings
1.2 Months of Inventory
$2.3M Median Sale Price
103.8% Median Sale vs List
18 Avg Days on Market
This data was sourced from Broker Metrics on June 15th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
15 New Listings
6 Sold Listings
1.9 Months of Inventory
$1.3M Median Sale Price
98.3% Median Sale vs List
14 Avg Days on Market
MAY 2022 - MAY 2023
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 40 30 20 10 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 75 50 25 0
Foster City
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sale price has decreased from $238m last May 2022, to $234m as of May 2023
Condos & Townhomes
The median sale price has increased from $1.2m last May 2022, to $1.3m as of May 2023
AVG Days On the Market
Single-Family Homes
The average days on market went up from 11 days last May 2022, to 18 days as of May 2023
Condos & Townhomes
The average days on market went up from 13 days in May 2022, to 14 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 116.3% last May 2022, to 103.8% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1096% last May 2022, to 983% a year later
Back to Table of Contents
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $3,000,000 $2,000,000 $1,000,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 50 40 30 20 10 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
Hillsborough
What's in the Hillsborough data?
In May, Hillsborough had 6 single-family homes sold, a median sale price of $4.7m. The median overbid was at 83.5% and the average time on the market was 41 days. In terms of inventory, there were 44 homes for sale providing the market with 3.2 months of inventory.
There were no condos for sale, inventory, new listings, or condo sales reported in May and January.
SFH Single-Family Homes
14 New Listings
6 Sold Listings
3.2 Months of Inventory
$4.7M Median Sale Price
83.5% Median Sale vs List
41 Avg Days on Market
This data was sourced from Broker Metrics on June 15th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 60 40 20 0 100 75 50 25 0
2022
MAY 2023
Hillsborough MAY
-
FOR SALE SOLD LISTINGS
month
LISTINGS
No data for this
Median Sales Price
Single-Family Homes
The median sale price has decreased from $68m last May 2022, to $47m as of May 2023
Condos & Townhomes
No data for this month.
Overbids
Single-Family Homes
The overbid percentage has decreased from 1026% last May 2022, to 835% a year later
Condos & Townhomes
No data for this month
Back to Table of Contents
AVG Days On the Market
Single-Family Homes
The average days on market went up from 15 days last May 2022, to 41 days as of May 2023
Condos & Townhomes
No data for this month.
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $7,500,000 $5,000,000 $2,500,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 75 50 25 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
Menlo Park
What's in the Menlo Park data?
In May, Menlo Park had 69 homes for sale, providing the market with 15 months of inventory. There were 40 new listings, and a total of 26 homes sold for an average of $3.5m. The median overbid was 101.5%, with an average of 20 days on the market.
There were 24 condo and townhome units for sale, providing the market with 1.4 months of inventory. There were 11 new listings for sale, and 7 condo sold for an average of $2.1m. The median overbid was 100.7%, with an average of 36 days on the market.
40 New Listings
26 Sold Listings
1.5 Months of Inventory
$3.5M Median Sale Price
101.5% Median Sale vs List
20 Avg Days on Market
This data was sourced from Broker Metrics on June 5th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
11 New Listings
7 Sold Listings
1.4 Months of Inventory
$2.1M Median Sale Price
100.7% Median Sale vs List
36 Avg Days on Market
nlo Park
LISTINGS FOR SALE SOLD LISTINGS
mily Homes
nths, year-over-year.
Townhomes
nths, year-over-year
l2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 ul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023
MAY 2023
Median Sales Price
Single-Family Homes
The median sales price has decreased from $41m last May 2022, to $35m as of May 2023
Condos & Townhomes
The median sales price has increased from $16m last May 2022, to $21m as of May 2023
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 13 days last May 2022, to 20 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 6 days in May 2022, to 36 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 105.3% last May 2022, to 101.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1077% last May 2022, to 1007% a year later
Back to Table of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 200 150 100 50 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Palo Alto
What's in the Palo Alto data?
In May, Palo Alto had 95 homes for sale, providing the market with 12 months of inventory. There were 37 new listings, and a total of 41 homes sold for an average of $3.6m. The median overbid was 98%, with an average of 26 days on the market.
There were 29 condo and townhome units for sale, providing the market with 1.2 months of inventory. There were 11 new listings for sale, and 11 condo sold for an average of $1.8m. The median overbid was 103%, with an average of 26 days on the market.
Hle-Family Homes
37 New Listings
41 Sold Listings
1.2 Months of Inventory
$3.6M Median Sale Price
98% Median Sale vs List
26 Avg Days on Market
s sourced from Broker Metrics on June 5th, 2023 and includes all y homes, condos, and townhomes in the California Area above 22 to May 2023 This may include preliminary data, and vary from he data was gathered All data is deemed reliable but not Questions may be directed to KW Advisors 4154839285 Palo E# 01511642 Copyright KW Advisors 2023 Each office is tly owned and operated
11 New Listings
11 Sold Listings
1.2 Months of Inventory
$1.8M Median Sale Price
103% Median Sale vs List
26 Avg Days on Market
CONDO Condo & Townhomes
Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Alto 2023
year-over-year. homes , year-over-year
FOR SALE SOLD LISTINGS
omes
LISTINGS
Median Sales Price
Single-Family
Homes
The median sales price has decreased from $38m last May 2022, to $36m as of May 2023
Condos & Townhomes
The median sales price has increased from $16m last May 2022, to $18m as of May 2023
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 16 days last May 2022, to 26 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 16 days in May 2022, to 26 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 106.4% last May 2022, to 98% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1044% last May 2022, to 103% a year later
Back to Table of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 150 100 50 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Portola Valley
What's in the Portola Valley data?
In May, there were 26 single-family homes for sale, providing the market with 21 months of inventory. There were 9 new listings, and 7 homes sold for an average of $3.5m. The overbid was 100.6%, with an average of 34 days on the market.
There is no data for condos and townhomes this month.
9 New Listings
7 Sold Listings
2.1 Months of Inventory
$3.5M Median Sale Price
100.6% Median Sale vs List
34 Avg Days on Market
This data was sourced from Broker Metrics on June 5th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
c2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 ley r. , y y r No Data For This Month
SOLD LISTINGS
LISTINGS FOR SALE
Median Sales Price
Single-Family Homes
The median sales price has decreased from $61m last May 2022, to $35m as of May 2023
Condos & Townhomes
No Data For This Month
Overbids
Single-Family Homes
The overbid percentage has decreased from 106.4% last May 2022, to 100.6% a year later.
Condos & Townhomes
No Data For This Month
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 29 days last May 2022, to 34 days as of May 2023
Condos & Townhomes No Data For This Month.
of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $7,500,000 $5,000,000 $2,500,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 150 100 50 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Back to Table
Redwood City
What's in the Redwood City data?
In May, Redwood had 89 homes for sale, providing the market with 1 month of inventory. There were 59 new listings, and a total of 30 homes sold for an average of $2.1m. The median overbid was 103.7%, with an average of 19 days on the market.
There were 19 condo and townhome units for sale, providing the market with 1 month of inventory. There were 11 new listings for sale, and 11 condo sold for an average of $1.3m. The median overbid was 107.4%, with an average of 7 days on the market.
59 New Listings
Homes
30 Sold Listings
1 Months of Inventory
$2.1M Median Sale Price
103.7% Median Sale vs List
19 Avg Days on Market
This data was sourced from Broker Metrics on June 5th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
11 New Listings
11 Sold Listings
1 Months of Inventory
$1.3M Median Sale Price
107.4% Median Sale vs List
7 Avg Days on Market
Condo
CONDO
& Townhomes
, y y
LISTINGS
LISTINGS FOR SALE SOLD
Median Sales Price
Single-Family Homes
The median sales price has decreased from $23m last May 2022, to $21m as of May 2023
Condos & Townhomes
The median sales price remained $13m last May 2022, and $13m as of May 2023
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 14 days last May 2022, to 19 days as of May 2023
Condos & Townhomes
The average time spent on the market went down from 25 days in May 2022, to 7 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 1113% last May 2022, to 1037% a year later
Condos & Townhomes
The overbid percentage has decreased from 1107% last May 2022, to 1074% a year later
Back to Table of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 60 40 20 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
San Carlos
What's in the San Carlos data?
In May, San Carlos had 18 single-family homes sold, a median sale price of $2.4m. The median overbid was at 105.3% and the average time on the market was 9 days. In terms of inventory, there were 58 homes for sale providing the market with 1.8 months of inventory.
For condos, there were 8 units sold, with a median sale price of $896k. The median overbid was at 99.5% and the average time on the market was 15 days. There were 24 condos for sale providing the market with 3 months of inventory.
SFH Single-Family Homes
34 New Listings
18 Sold Listings
1.8 Months of Inventory
$2.4M Median Sale Price
105.3% Median Sale vs List
9 Avg Days on Market
This data was sourced from Broker Metrics on June 15th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
14 New Listings
CONDO Condo & Townhomes
3 Months of Inventory $896K Median Sale Price 99.5% Median Sale vs List 15 Avg Days on Market 8 Sold Listings
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 100 75 50 25 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 50 40 30 20 10 0 San
2022
MAY 2023
Carlos MAY
-
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sale price has decreased from $29m last May 2022, to $24m as of May 2023
Condos & Townhomes
The median sale price has decreased from $1.1m last May 2022, to $8956k as of May 2023
AVG Days On the Market
Single-Family Homes
The average days on market went down from 10 days last May 2022, to 9 days as of May 2023
Condos & Townhomes
The average days on market went up from 10 days in May 2022, to 15 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 111.2% last May 2022, to 105.3% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1106% last May 2022, to 995% a year later
Back to Table of Contents
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $3,000,000 $2,000,000 $1,000,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 75 50 25 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
San Mateo City
What's in the San Mateo City data?
In May, San Mateo City had 23 singlefamily homes sold, a median sale price of $22m The median overbid was at 1045% and the average time on the market was 16 days. In terms of inventory, there were 77 homes for sale providing the market with 1.4 months of inventory.
For condos, there were 18 units sold, with a median sale price of $862k. The median overbid was at 102% and the average time on the market was 19 days. There were 86 condos for sale providing the market with 3.1 months of inventory.
SFH Single-Family Homes
37 New Listings
23 Sold Listings
1.4 Months of Inventory
$2.2M Median Sale Price
104.5% Median Sale vs List
16 Avg Days on Market
This data was sourced from Broker Metrics on June 15th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 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
27 New Listings 3.1 Months of Inventory $862K Median Sale Price 102% Median Sale vs List 19 Avg Days on Market 18 Sold Listings CONDO Condo & Townhomes
San Mateo City
Single-Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 250 200 150 100 50 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 200 150 100 50 0
2022 - MAY 2023
MAY
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sale price has increased from $2m last May 2022, to $22m as of May 2023
Condos & Townhomes
The median sale price has decreased from $985k last May 2022, to $862k as of May 2023.
AVG Days On the Market
Single-Family Homes
The average days on market went up from 11 days last May 2022, to 16 days as of May 2023
Condos & Townhomes
The average days on market remained the same from 19 days in May 2022, to 19 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 114.4% last May 2022, to 104.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1042% last May 2022, to 102% a year later
Back to Table of Contents
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 75 50 25 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
San Mateo County
What's in the San Mateo County data?
There were 411 single-family homes for sale, providing 1.5 months of inventory. There were 434 new listings, and 340 homes sold for a median price of $1.8m. The median overbid was 1021%, with an average of 19 days on the market.
There were 153 condo and townhome units for sale, providing 1.6 months of inventory. There were 131 new listings, and 107 units sold at a median sale price of $915k. The median overbid percentage was 100%, with an average of 26 days on the market.
SFH Single Family Homes
434 New Listings
340 Sold Listings
1.5 Months of Inventory
$1.8M Median Sale Price
102.1% Median Sale vs List
19 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 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 4154839285 San Francisco | DRE# 01995149 Copyright KW Advisors 2023 Each office is independently owned and operated
131 New Listings 1.6 Months of Inventory $915K Median Sale Price 100.1% Median Sale vs List 26 Avg Days on Market 107 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 1250 1000 750 500 250 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 400 300 200 100 0
MAY 2022 - MAY 2023
San Mateo County
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $2m last May 2022, to $18m as of May 2023.
Condos & Townhomes
The median sales price has decreased from $1m last May 2022, to $915k as of May 2023
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 15 days last May 2022, to 19 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 20 days in May 2022, to 26 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 111.2% last May 2022, to 102.1% a year later. Back to Table of Contents
Condos & Townhomes
The overbid percentage has decreased from 1043% last May 2022, to 1001% a year later
May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 60 40 20 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Santa Clara County
What's in the Santa Clara County data?
There were 644 single-family homes for sale, providing 1 month of inventory. There were 954 new listings, and 821 homes sold for a median price of $1.7m. The median overbid was 1036%, with an average of 18 days on the market.
There were 250 condo and townhome units for sale, providing 1 month of inventory. There were 368 new listings, and 313 units sold at a median sale price of $955k. The median overbid percentage was 101.5%, with an average of 20 days on the market.
368 New Listings 1 Months of Inventory
Townhomes
313 Sold Listings
20 Avg Days on Market CONDO Condo &
$955K Median Sale Price 101.5% Median Sale vs List
, y y
LISTINGS FOR SALE SOLD LISTINGS
Median Sales Price
Single-Family Homes
The median sales price has decreased from $1.9m last May 2022, to $17m as of May 2023
Condos & Townhomes
The median sales price has decreased from $1m last May 2022, to $955k as of May 2023
AVG Days On the Market
Single-Family Homes
The average time spent on the market went up from 12 days last May 2022, to 18 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 12 days in May 2022, to 20 days as of May 2023.
Overbids
Single-Family Homes
The overbid percentage has decreased from 111.1% last May 2022, to 103.6% a year later.
Condos & Townhomes
The overbid percentage has decreased from 1087% last May 2022, to 1015% a year later
Back to Table of Contents
May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 40 30 20 10 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%
Woodsid
What's in the Wood data?
In May, Woodside had 6 singlehomes sold, a median sale price The median overbid was at 94.9 average time on the market wa In terms of inventory, there wer homes for sale, providing the m 7 months of inventory.
There are currently no condos f inventory, new listings, or cond reported in May and January.
ory
Median Sale Price % st 6 Sold Listings mily Homes Broker Metrics on June 15th, 2023 and includes all os, and townhomes in the California Area above This may include preliminary data, and vary from gathered All data is deemed reliable but not y be directed to KW Advisors 4154839285 Palo opyright KW Advisors 2023 Each Office is operated 28 Avg Days on Market
$2.6M
CON
Condo & Tow
No data for this month
MAY 2022 - MAY 2023
LISTINGS FOR SALE SOLD LISTINGS
Single-Family Homes
Last 12 months, year-over-year.
No data for this month
Condos & Townhomes
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 60 40 20 0 100 75 50 25 0
Woodside
Median Sales Price
Single-Family Homes
The median sale price has decreased from $52m last May 2022, to $26m as of May 2023
Condos & Townhomes
No data for this month.
Overbids
Single-Family Homes
The overbid percentage has increased from 88.6% last May 2022, to 94.9% a year later.
Condos & Townhomes
No data for this month
AVG Days On the Market
Single-Family Homes
The average days on market went down from 39 days last May 2022, to 28 days as of May 2023
Condos & Townhomes
No data for this month.
May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 75 50 25 0 May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 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