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

Peninsula Estates

San Francisco County

Jump to San Francisco County Report

San Mateo County

Jump to San Mateo County Report

Belmont

Jump to Belmont Report

Jump to Burlingame Report Burlingame

Jump to Daly City Report Daly City

Foster City

Jump to Foster City Report

Half Moon Bay

Jump to Half Moon Bay Report

Hillsborough

Jump to Hillsborough Report

Jump to Millbrae Report

Jump to Pacifica Report

San Bruno

Jump to San Bruno Report

San Carlos

Jump to San Carlos Report

San Mateo

Jump to San Mateo Report

South San Francisco

Jump to South San Francisco Report

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.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:

amily Homes

ntory

194 Sold Listings

$1.6M Median Sale Price

6% s List

29 Avg Days on Market

MLS Listings Inc, includes all single-family homes, condos and ornia Area from June 2023 to June 2024. This may include may vary from the time the data was gathered. All data is deemed ed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

Months of Inventory M

100.7%

Median Sale vs List Av

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 6m last June 2023, to $1 64m as of June 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last June 2023, to 29 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 47 days in June 2023, to 41 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108 6% last June 2023, to 113 6% a year later

Condos & Townhomes

The overbid percentage has increased from 100.6% last June 2023, to 100.7% a year later.

SanMateo County

What's in the San Mateo County data?

There were 533 single-family homes for sale, providing 1.5 months of inventory. There were 431 new listings, and 352 homes sold at a median price of $1.9m. The median overbid percentage was at 107 2%, with an average of 19 days on the market.

There were 269 condo and townhome units for sale, providing 2.8 months of inventory. There were 152 new listings and 97 units sold at a median sale price of $1m. The median overbid percentage was at 101.3%, with an average of 30 days on the market

SFH

Single-Family Homes

431 New Listings

352 Sold Listings

1.5 Months of Inventory

$1.9M Median Sale Price

107.2%

Median Sale vs List

19 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 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.

152

New Listings

Sold Listings

2.8

Months of Inventory

$1M

Median Sale Price

101.3%

Median Sale vs List

Avg Days on Market

SanMateoCounty

JUNE 2023 - JUNE 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 remained the same from $1 9m last June 2023, to $1 9m as of June 2024

Condos & Townhomes

The median sale price has increased from $975k last June 2023, to $1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 21 days last June 2023, to 19 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 18 days in June 2023, to 30 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 2% last June 2023, to 107 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.6% last June 2023, to 101.3% a year later.

Belmont

What's in the Belmont data?

There were 14 single-family homes for sale, providing 0.8 months of inventory. There were 19 new listings, and 17 homes sold at a median price of $2.5m. The median overbid percentage was at 111.4%, with an average of 9 days on the market.

There were 4 condo and townhome units for sale, providing 0.4 months of inventory. There were 2 new listings and 9 units sold at a median sale price of $1.7m. The median overbid percentage was at 101.4%, with an average of 21 days on the market.

SFH

Single-Family Homes

19 New Listings

17 Sold Listings

0.8 Months of Inventory

$2.5M Median Sale Price

111.4%

Median Sale vs List

9 Avg Days on Market

JUNE 2023 - JUNE 2024

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $550k last June 2023, to $1 7m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 12 days last June 2023, to 9 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 5 days in June 2023, to 21 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104 6% last June 2023, to 111 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 110.2% last June 2023, to 101.4% a year later.

Burlingame

What's in the Burlingame data?

There were 22 single-family homes for sale, providing 1 month of inventory. There were 20 new listings, and 21 homes sold at a median price of $3.1m. The median overbid percentage was at 104.7%, with an average of 23 days on the market.

There were 7 condo and townhome units for sale, providing 3.5 months of inventory. There were 4 new listings and 2 units sold at a median sale price of $1.8m. The median overbid percentage was at 104.5%, with an average of 5 days on the market.

SFH

Single-Family Homes

20 New Listings

21 Sold Listings

1 Month of Inventory

$3.1M Median Sale Price

104.7%

Median Sale vs List

23 Avg Days on Market

Condo & Townhomes

New Listings

2 Sold Listings

3.5

Months of Inventory

$1.8M

Median Sale Price

104.5%

Median Sale vs List

5 Avg Days on Market

JUNE 2023 - JUNE 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 $2 4m last June 2023, to $3 1m as of June 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last June 2023, to 23 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 23 days in June 2023, to 5 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 1% last June 2023, to 104 7% a year later

Condos & Townhomes

The overbid percentage has increased from 99.3% last June 2023, to 104.5% a year later.

DalyCity

What's in the Daly City data?

There were 36 single-family homes for sale, providing 1.1 months of inventory. There were 34 new listings, and 33 homes sold at a median price of $1.2m. The median overbid percentage was at 111.8%, with an average of 15 days on the market.

There were 13 condo and townhome units for sale, providing 1.4 months of inventory. There were 10 new listings and 9 units sold at a median sale price of $775k. The median overbid percentage was at 102.5%, with an average of 42 days on the market.

SFH

Single-Family Homes

34 New Listings

33 Sold Listings

1.1 Months of Inventory

$1.2M Median Sale Price

111.8%

Median Sale vs List

15 Avg Days on Market

JUNE 2023 - JUNE 2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last June 2023, to $1 28m as of June 2024

Condos & Townhomes

The median sale price has increased from $685k last June 2023, to $775k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last June 2023, to 15 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 21 days in June 2023, to 42 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107 6% last June 2023, to 111 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.9% last June 2023, to 102.5% a year later.

FosterCity

What's in the Foster City data?

There were 8 single-family homes for sale, providing 1 month of inventory. There were 12 new listings, and 8 homes sold at a median price of $2.1m. The median overbid percentage was at 104.7%, with an average of 22 days on the market.

There were 30 condo and townhome units for sale, providing 2.5 months of inventory. There were 23 new listings and 12 units sold at a median sale price of $1.3m. The median overbid percentage was at 102.2%, with an average of 15 days on the market.

Single-Family Homes

12 ew Listings

8 Sold Listings

1 Month of Inventory

$2.1M Median Sale Price

104.7%

Median Sale vs List

22 Avg Days on Market

New Listings

Sold Listings

2.5

Months of Inventory

$1.3M

Median Sale Price

102.2%

Median Sale vs List

15 Avg Days on Market

FosterCity

JUNE 2023 - JUNE 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 19m last June 2023, to $2 18m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 3m last June 2023, to $1 32m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last June 2023, to 22 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 8 days in June 2023, to 15 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 6% last June 2023, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 108.4% last June 2023, to 102.2% a year later.

HalfM Bay

What's in the Half data?

There were 29 single-family providing 2.9 months of inve new listings, and 10 homes s of $1.7m. The median overb 101%, with an average of 55

There was 1 condo and town providing 1 month of invento listing and 1 unit sold at a m $1.1m. The median overbid p 104.9%, with an average of 7

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 Listing

1 Month of Inventory

104.9%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2m last June 2023, to $1 7m as of June 2024

Condos & Townhomes

The median sale price has increased from $0 last June 2023, to $1 1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last June 2023, to 55 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in June 2023, to 7 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 9% last June 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last June 2023, to 104.9% a year later.

Hillsborough

What's in the Hillsborough data?

There were 35 single-family homes for sale, providing 8.8 months of inventory. There were 13 new listings, and 4 homes sold at a median price of $5.6m. The median overbid percentage was at 95.1%, with an average of 43 days on the market.

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

No data for this month.

Median SalesPrice

Single-Family Homes

The median sale price has increased from $5 2m last June 2023, to $5 6m as of June 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last June 2023, to 43 days as of June 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 2% last June 2023, to 95 1% a year later

Condos & Townhomes

No data for this month

Millbrae

What's in the Millbrae data?

There were 9 single-family homes for sale, providing 0.8 months of inventory. There were 11 new listings, and 12 homes sold at a median price of $2.1m. The median overbid percentage was at 111.9%, with an average of 16 days on the market.

There were 4 condo and townhome units for sale, providing 2 months of inventory. There were 5 new listings and 2 units sold at a median sale price of $875k. The median overbid percentage was at 100%, with an average of 17 days on the market.

Single-Family Homes

New Listings

12 Sold Listings

0.8 Months of Inventory

$2.1M Median Sale Price

111.9%

Median Sale vs List

16 Avg Days on Market

New Listings 2 Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $955k last June 2023, to $875k as of June 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went down from 21 days in June 2023, to 17 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107 6% last June 2023, to 111 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.3% last June 2023, to 100% a year later.

Pacifica

What's in the Paci

There were 37 single-family h providing 1.7 months of inve new listings, and 22 homes s of $1.3m. The median overbi 106.2%, with an average of 2

There were 10 condo and tow sale, providing 5 months of in 5 new listings and 2 units so price of $759k. The median o was at 101.5%, with an avera 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 5 New Listings 5 Months of Inventory

101.5%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $957k last June 2023, to $759k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last June 2023, to 22 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 50 days in June 2023, to 75 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 5% last June 2023, to 106 2% a year later

Condos & Townhomes

The overbid percentage has increased from 97.5% last June 2023, to 101.5% a year later.

He-Family Homes

21 Sold Listings

1 of Inventory

$1.5M Median Sale Price

9% Sale vs List

10 Avg Days on Market

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

New Listings

4.2

Months of Inventory 99.4%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 4m last June 2023, to $1 5m as of June 2024

Condos & Townhomes

The median sale price has decreased from $630k last June 2023, to $505k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 9 days last June 2023, to 10 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2023, to 45 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 9% last June 2023, to 109% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.3% last June 2023, to 99.4% a year later.

SanCarlos

What's in the San Carlos data?

There were 12 single-family homes for sale, providing 0.6 months of inventory. There were 13 new listings, and 20 homes sold at a median price of $2.1m. The median overbid percentage was at 106.4%, with an average of 20 days on the market.

There were 17 condo and townhome units for sale, providing 4.3 months of inventory. There were 9 new listings and 4 units sold at a median sale price of $937k. The median overbid percentage was at 98.8%, with an average of 25 days on the market.

Single-Family Homes

13 ew Listings

20 Sold Listings

0.6 Months of Inventory

$2.1M Median Sale Price

106.4%

Median Sale vs List

20 Avg Days on Market

New Listings

4.3

Months of Inventory

Median Sale Pric 98.8%

Median Sale vs List 25 Avg Days on Marke 4 Sold Listing

$937K

JUNE

2023 - JUNE 2024

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $955k last June 2023, to $937k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last June 2023, to 20 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in June 2023, to 25 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 2% last June 2023, to 106 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.6% last June 2023, to 98.8% a year later.

SanMateo

What's in the San Mateo data?

There were 38 single-family homes for sale, providing 0.7 months of inventory. There were 67 new listings, and 56 homes sold at a median price of $2m. The median overbid percentage was at 108.4%, with an average of 11 days on the market.

There were 86 condo and townhome units for sale, providing 3.1 months of inventory. There were 38 new listings and 28 units sold at a median sale price of $1m. The median overbid percentage was at 102.1%, with an average of 34 days on the market.

mily Homes

56 Sold Listings

$2M Median Sale Price

MLS Listings Inc, includes all single-family homes, condos and ornia Area from June 2023 to June 2024. This may include vary from the time the data was gathered. All data is deemed ed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated. ory

4% ist

11 Avg Days on Market

New Listings

28 Sold Listings

3.1

Months of Inventory $1M

Median Sale Price 102.1%

Median Sale vs List 34 Avg Days on Market

SanMateo

JUNE 2023 - JUNE 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $950k last June 2023, to $1m as of June 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 18 days in June 2023, to 34 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 7% last June 2023, to 108 4% a year later

Condos & Townhomes

The overbid percentage has increased from 100.2% last June 2023, to 102.1% a year later.

SouthSan Francisco

What's in the South San Francisco data?

There were 22 single-family homes for sale, providing 1.3 months of inventory. There were 26 new listings, and 17 homes sold at a median price of $1.2m. The median overbid percentage was at 112%, with an average of 16 days on the market

There were 13 condo and townhome units for sale, providing 6.5 months of inventory. There were 9 new listings and 2 units sold at a median sale price of $662k. The median overbid percentage was at 97.3%, with an average of 104 days on the market.

New Listings

2 Sold Listings

6.5

Months of Inventory $662K

Median Sale Price 97.3%

Median Sale vs List 104 Avg Days on Market

SouthSanFrancisco

JUNE 2023 - JUNE 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 22m last June 2023, to $1 25m as of June 2024

Condos & Townhomes

The median sale price has decreased from $794k last June 2023, to $662k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 18 days last June 2023, to 16 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 29 days in June 2023, to 104 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 8% last June 2023, to 112% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.1% last June 2023, to 97.3% a year later.