Martin Santiago - August 2024 Market Report | Peninsula Estates by California Concierge

Peninsula Estates

San Francisco County

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San Mateo County

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Belmont

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Foster City

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Half Moon Bay

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Hillsborough

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San Bruno

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San Carlos

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San Mateo

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South San Francisco

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What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

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

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

Icanhelp...

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

WhatEveryHomeownerShould KnowAboutTheirEquity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

San Francisco County

What's in the San Francisco County data?

There were 251 single-family homes for sale, providing 1.2 months of inventory. There were 203 new listings, and 206 homes sold at a median price of $1.6m. The median overbid percentage was at 111.3%, with an average of 21 days on the market.

There were 640 condo and townhome units for sale, providing 3.6 months of inventory. There were 226 new listings and 178 units sold at a median sale price of $1.3m. The median overbid percentage was at 101.5%, with an average of 51 days on the market.

SFH

Single-Family Homes

203 New Listings

206 Sold Listings

1.2 Months of Inventory

$1.6M Median Sale Price

111.3%

Median Sale vs List

21 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

New Listings

3.6

Months of Inventory

101.5%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 4m last July 2023, to $1 6m as of July 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last July 2023, to 21 days as of July 2024

Condos & Townhomes

The average time spent on the market remained the same from 51 days in July 2023, to 51 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108 3% last July 2023, to 111 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.7% last July 2023, to 101.5% a year later.

SanMateo County

What's in the San Mateo County data?

There were 532 single-family homes for sale, providing 1.7 months of inventory. There were 408 new listings, and 315 homes sold at a median price of $2m. The median overbid percentage was at 105 5%, with an average of 21 days on the market.

There were 293 condo and townhome units for sale, providing 2.9 months of inventory. There were 170 new listings and 100 units sold at a median sale price of $1m. The median overbid percentage was at 102.2%, with an average of 27 days on the market

SFH

Single-Family Homes

408 New Listings

315 Sold Listings

1.7 Months of Inventory

$2M Median Sale Price

105.5%

Median Sale vs List

21 Avg Days on Market

170

New Listings

100 Sold Listings

2.9

Months of Inventory

$1M

Median Sale Price

102.2%

Median Sale vs List

Avg Days on Market

SanMateoCounty

JULY 2023 - JULY 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last July 2023, to $2m as of July 2024

Condos & Townhomes

The median sale price has increased from $927k last July 2023, to $1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 21 days last July 2023, to 21 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 32 days in July 2023, to 27 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 8% last July 2023, to 105 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.5% last July 2023, to 102.2% a year later.

Belmon

What's in the Belm

There were 16 single-family h providing 0.9 months of inve new listings, and 17 homes s of $2.6m. The median overbi 109.8%, with an average of 1

There were 6 condo and tow providing 1.2 months of inve new listings and 5 units sold price of $1.3m. The median o was at 100.1%, with an avera market.

17 New Listings

0.9 Months of Inventory

109.8% Median Sale vs List

17 Sold Listings

$2.6M Median Sale Price

15 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

New Listings

Sold Listings

1.2

Months of Inventory

$1.3M

Median Sale Price

100.1%

Median Sale vs List

32 Avg Days on Market

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 7 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 13 days in July 2023, to 32 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108% last July 2023, to 109 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 101% last July 2023, to 100.1% a year later.

Burling

What's in the Burli

There were 17 single-family h providing 1 month of invento listings, and 17 homes sold a $2.8m. The median overbid p 106.1%, with an average of 2

There were 7 condo and tow providing 3.5 months of inve new listings and 2 units sold price of $1.6m. The median o was at 112.9%, with an avera market.

9 New Listings

1 Month of Inventory

106.1% Median Sale vs List

17 Sold Listings

$2.8M Median Sale Price

27 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

New Listings

2 Sold Listings

3.5

Months of Inventory

$1.6M

Median Sale Price

112.9%

Median Sale vs List

19 Avg Days on Market

urlingame

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 80m last July 2023, to $2 81m as of July 2024

Condos & Townhomes

The median sale price has increased from $1 3m last July 2023, to $1 6m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last July 2023, to 27 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 53 days in July 2023, to 19 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 1% last July 2023, to 106 1% a year later

Condos & Townhomes

The overbid percentage has increased from 100.9% last July 2023, to 112.9% a year later.

DalyCity

What's in the Daly City data?

There were 35 single-family homes for sale, providing 1.5 months of inventory. There wer new listings, and 23 homes sold at a median of $1.2m. The median overbid percentage wa 111.2%, with an average of 24 days on the m

There were 21 condo and townhome units fo sale, providing 2.1 months of inventory. Ther were 14 new listings and 10 units sold at a m sale price of $762k. The median overbid percentage was at 100.7%, with an average o days on the market.

29 New Listings

23 Sold Listings

1.5 Months of Inventory

$1.2M Median Sale Price

111.2%

Median Sale vs List

24 Avg Days on Market

New Listings

Sold Listings

2.1

Months of Inventory

100.7%

Median Sale vs List

$762K

Median Sale Price

Avg Days on Market

DalyCity

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 20m last July 2023, to $1 27m as of July 2024 July 2024

Condos & Townhomes

The median sale price has increased from $669k last July 2023, to $762k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last July 2023, to 24 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 25 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 109% last July 2023, to 111 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.1% last July 2023, to 100.7% a year later.

FosterCity

What's in the Foster City data?

There were 12 single-family homes for sale, providing 1.7 months of inventory. There were 15 new listings, and 7 homes sold at a median price of $2.1m. The median overbid percentage was at 105.5%, with an average of 17 days on the market.

There were 28 condo and townhome units for sale, providing 2.3 months of inventory. There were 20 new listings and 12 units sold at a median sale price of $1.4m. The median overbid percentage was at 103.6%, with an average of 26 days on the market.

Single-Family Homes

15 New Listings

7 Sold Listings

1.7 Months of Inventory

$2.1M Median Sale Price

105.5%

Median Sale vs List

17 Avg Days on Market

New Listings

12 Sold Listings

2.3

Months of Inventory

$1.4M

Median Sale Price

103.6%

Median Sale vs List

26 Avg Days on Market

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 3m last July 2023, to $2 1m as of July 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 31 days last July 2023, to 17 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in July 2023, to 26 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 3% last July 2023, to 105 5% a year later

Condos & Townhomes

The overbid percentage has increased from 102.2% last July 2023, to 103.6% a year later.

HalfMoon Bay

What's in the Half Moon Bay data?

There were 27 single-family homes for sale, providing 3.4 months of inventory. There were 10 new listings, and 8 homes sold at a median price of $1.7m. The median overbid percentage was at 98 9%, with an average of 36 days on the market

There were 2 condo and townhome units for sale, providing 1 month of inventory. There were 2 new listings and 2 units sold at a median sale price of $705k. The median overbid percentage was at 96.9%, with an average of 28 days on the market.

Single-Family Homes

10 New Listings

8 Sold Listings

3.4 Months of Inventory

$1.7M Median Sale Price

98.9%

Median Sale vs List

36 Avg Days on Market

2 New Listings

2 Sold Listings

1 Month of Inventory $705K Median Sale Price 96.9%

Median Sale vs List 28 Avg Days on Market

HalfMoonBay

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 5m last July 2023, to $1 7m as of July 2024

Condos & Townhomes

The median sale price has decreased from $875k last July 2023, to $705k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 27 days last July 2023, to 36 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 13 days in July 2023, to 28 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 3% last July 2023, to 98 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.9% last July 2023, to 96.9% a year later.

Hillsborough

What's in the Hillsborough data?

There were 31 single-family homes for sale, providing 3.1 months of inventory. There were 11 new listings, and 10 homes sold at a median price of $5.1m. The median overbid percentage was at 99.2%, with an average of 31 days on the market.

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

Single-Family Homes

New Listings

10 Sold Listings

3.1 Months of Inventory

$5.1M Median Sale Price

99.2%

Median Sale vs List

31 Avg Days on Market

CONDO

Condo & Townhomes

No data for this month.

illsborough

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

No data for this month.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $6 7m last July 2023, to $5 1m as of July 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last July 2023, to 31 days as of July 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 96% last July 2023, to 99 2% a year later

Condos & Townhomes

No data for this month

Millbra

What's in the Millb

There were 11 single-family h providing 1 month of invento new listings, and 11 homes s of $1.9m. The median overbi 108%, with an average of 17

There were 2 condo and tow providing 0.3 months of inve new listings and 6 units sold price of $922k. The median o was at 98.5%, with an averag market.

16 New Listings

1 Month of Inventory

108%

Median Sale vs List

11 Sold Listings

$1.9M Median Sale Price

17 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

Condo & Townhomes

New Listings

6 Sold Listings

0.3

Months of Inventory

$922K

Median Sale Price 98.5%

Median Sale vs List 20 Avg Days on Market

JULY 2023 - JULY 2024

LISTINGS FOR SALE

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $950k last July 2023, to $922k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last July 2023, to 17 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 71 days in July 2023, to 20 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 111% last July 2023, to 108% a year later

Condos & Townhomes

The overbid percentage has decreased from 111.2% last July 2023, to 98.5% a year later.

Paci

What's in t

There were 40 s providing 2.7 mo new listings, and of $1.2m. The m 105.7%, with an

There were 9 co providing 9 mon new listings and of $725k. The m 96.8%, with an a

31 New Listings

15 Sold Listings

2.7 Months of Inventory

$1.2M Median Sale Price

105.7% Median Sale vs List

22 Avg Days on Market

Jul2024

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 3m last July 2023, to $1 2m as of July 2024

Condos & Townhomes

The median sale price has decreased from $812k last July 2023, to $725k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last July 2023, to 22 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in July 2023, to 9 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 108 4% last July 2023, to 105 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.8% last July 2023, to 96.8% a year later.

SanBru

What's in the San

There were 26 single-family h providing 2.6 months of inve new listings, and 10 homes s of $1.1m. The median overbi 105.2%, with an average of 1

There were 22 condo and tow sale, providing 3.1 months of were 16 new listings and 7 u sale price of $450k. The med percentage was at 117%, wit days on the market.

25 New Listings

2.6 Months of Inventory

105.2% Median Sale vs List

10 Sold Listings

$1.1M Median Sale Price

19 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

New Listings

3.1

Sold Listings

Months of Inventory $450K

Median Sale Price 117%

Median Sale vs List 17 Avg Days on Market 7

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $556k last July 2023, to $450k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last July 2023, to 19 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 36 days in July 2023, to 17 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 7% last July 2023, to 105 20% a year later

Condos & Townhomes

The overbid percentage has increased from 100.2% last July 2023, to 117% a year later.

SanCa

What's in the San

There were 13 single-family h providing 0.8 months of inve new listings, and 17 homes s of $2.7m. The median overbi 105.2%, with an average of 1

There were 18 condo and tow sale, providing 2.3 months of were 8 new listings and 8 un sale price of $1.5m. The med percentage was at 102.5%, w days on the market.

20 New Listings

0.8 Months of Inventory

105.2% Median Sale vs List

17 Sold Listings

$2.7M Median Sale Price

16 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

New Listings

Sold Listings

2.3

Months of Inventory $1.5M

102.5%

Median Sale vs List

Median Sale Price

23 Avg Days on Market

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 21 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 46 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104 4% last July 2023, to 105 2% a year later

Condos & Townhomes

The overbid percentage has increased from 100.7% last July 2023, to 102.5% a year later.

SanMateo

What's in the San Mateo data?

There were 34 single-family homes for sale, providing 0.7 months of inventory. There were 48 new listings, and 52 homes sold at a median price of $2m. The median overbid percentage was at 107.3%, with an average of 13 days on the market.

There were 92 condo and townhome units for sale, providing 4.8 months of inventory. There were 38 new listings and 19 units sold at a median sale price of $1.1m. The median overbid percentage was at 101.2%, with an average of 23 days on the market.

48 New Listings

52 Sold Listings

0.7 Months of Inventory

$2M Median Sale Price

107.3%

Median Sale vs List

13 Avg Days on Market

New Listings

4.8

Sold Listings

Months of Inventory $1.1M

Median Sale Price 101.2%

Median Sale vs List 23 Avg Days on Market 19

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $832k last July 2023, to $1 1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last July 2023, to 13 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 7% last July 2023, to 107 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.4% last July 2023, to 101.2% a year later.

SouthSan Francisco

What's in the South San Francisco data?

There were 23 single-family homes for sale, providing 1 month of inventory. There were 28 new listings, and 23 homes sold at a median price of $1.3m. The median overbid percentage was at 110 4%, with an average of 16 days on the market

There were 21 condo and townhome units for sale, providing 2.3 months of inventory. There were 11 new listings and 9 units sold at a median sale price of $750k. The median overbid percentage was at 102.1%, with an average of 34 days on the market.

Single-Family Homes

28 New Listings

23 Sold Listings

1 Month of Inventory

$1.3M Median Sale Price

110.4%

Median Sale vs List

16 Avg Days on Market

New Listings

Sold Listings

2.3

Months of Inventory

102.1%

Median Sale vs List

$750K

Median Sale Price

Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last July 2023, to $1 3m as of July 2024

Condos & Townhomes

The median sale price has decreased from $802k last July 2023, to $750k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in July 2023, to 34 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 109 6% last July 2023, to 110% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.2% last July 2023, to 102.1% a year later.