November 2024 Market Report San Francisco Bay Area

Page 1


San Francisco Bay area

Jump to Alameda Report Alameda

Contra Costa

Jump to Contra Costa Report

Jump to Napa Report Napa County

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano County

Jump to Solano Report

Sonoma County

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

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.

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

ANENBERG-ESSERT FAMILYADUIN CAMPBELL ProjectSpotlight:

Enhancing Property Value and Family Living Space with an Acton ADU

The Anenberg-Essert family in Campbell collaborated with Acton ADU to create a versatile, comfortable, and valuable addition to their property. This ADU project is a shining example of how a well-designed accessory dwelling unit can increase property value and serve a family’s unique needs.

GoalsandVision

The family envisioned an ADU that would function as an independent living space for family members, enhance their property’s worth, and provide seamless integration with the main home They wanted a space that balanced privacy with connectivity, feeling like a natural extension of their residence

Design and Construction Details

Constructed at 747 square feet, this ADU was designed with modern, high-quality finishes to serve both aesthetic and practical needs. Key features include:

Vaulted Ceilings

Creates a spacious, open atmosphere

Senior-Friendly Living

Safe, independent space for elderly family members

Fully Equipped Kitchen

Modern amenities for everyday convenience

Open Living Area

Multipurpose area for relaxation and entertainment

Results and Impact

The completion of the Anenberg-Essert ADU led to several valuable outcomes:

Increased Property Value

The ADU addition significantly boosted property value

Flexible Living Space

A versatile space for family, guests, or as a rental

Modern Comforts

High-end finishes and amenities enhance both function and style.

Enhanced Family Living

The ADU enriches the AnenbergEssert family’s home with both privacy and connection

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Alameda

What's in the Alameda data?

There were 2,164 single-family homes for sale, providing 1.4 months of inventory. There were 852 new listings, and 754 homes sold at a median price of $1.2m. The median overbid percentage was at 106.7%, with an average of 25 days on the market.

There were 1,044 condo and townhome units for sale, providing 2 8 months of inventory There were 333 new listings and 218 units sold at a median sale price of $712k. The median overbid percentage was at 99.7%, with an average of 38 days on the market.

He-Family Homes

2 ings

754 Sold Listings

4 of Inventory

$1.2M Median Sale Price

6.7% Sale vs List

25 Avg Days on Market

sourced from InfoSparks, includes all single-family homes, condos and in the California Area above from October 2023 to October 2024. This may minary data, and may vary from the time the data was gathered. All data is reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

333

New Listings

218 Sold Listings

2.8

Months of Inventory

$712K

Median Sale Price 99.7%

Median Sale vs List 38 Avg Days on Market

AlamedaCounty

OCTOBER 2023 - OCTOBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Single-Family Homes

The median sale price has increased from $1 22m last October 2023, to $1 26m as of October 2024

Condos & Townhomes

The median sale price has decreased from $722k last October 2023, to $712k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last October 2023, to 25 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in October 2023, to 38 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 8% last October 2023, to 106 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% last October 2023, to 99.7% a year later.

Contra Costa

What's in the Contra Costa data?

There were 1,216 single-family homes for sale, providing 1.9 months of inventory. There were 849 new listings, and 684 homes sold at a median price of $860k. The median overbid percentage was at 100%, with an average of 28 days on the market.

There were 522 condo and townhome units for sale, providing 2.9 months of inventory. There were 271 new listings and 172 units sold at a median sale price of $602k. The median overbid percentage was at 100%, with an average of 36 days on the market

Single-Family Homes

849 New Listings

684 Sold Listings

1.9 Months of Inventory

$860K Median Sale Price

100%

Median Sale vs List

28 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

271

New Listings

172 Sold Listings

2.9

Months of Inventory $602K

Median Sale Price 100%

Median Sale vs List 36 Avg Days on Market

ontraCosta

OCTOBER 2023 -

OCTOBER 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 $809k last October 2023, to $860k as of October 2024

Condos & Townhomes

The median sale price has increased from $550k last October 2023, to $602k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 26 days last October 2023, to 28 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in October 2023, to 36 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last October 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later.

Napa County

What's in the Napa County data?

There were 358 single-family homes for sale, providing 5.2 months of inventory. There were 63 new listings, and 69 homes sold at a median price of $870k. The median overbid percentage was at 97 5%, with an average of 73 days on the market

There were 58 condo and townhome units for sale, providing 6.3 months of inventory. There were 8 new listings and 8 units sold at a median sale price of $795k. The median overbid percentage was at 99.4%, with an average of 53 days on the market.

Single-Family Homes

63 New Listings

69 Sold Listings

5.2 Months of Inventory

$870K Median Sale Price

97.5%

Median Sale vs List

73 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

8

New Listings

8 Sold Listings

6.3

Months of Inventory $795K

Median Sale Price 99.4%

Median Sale vs List 53 Avg Days on Market

NapaCounty

OCTOBER 2023 - OCTOBER 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 $1m last October 2023, to $870k as of October 2024

Condos & Townhomes

The median sale price has increased from $736k last October 2023, to $795k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 53 days last October 2023, to 73 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 46 days in October 2023, to 53 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last October 2023, to 97 5% a year later

Condos & Townhomes

The overbid percentage has increased from 97.5% last October 2023, to 99.4% a year later.

San Francisco County

What's in the San Francisco County data?

There were 333 single-family homes for sale, providing 1.8 months of inventory. There were 265 new listings, and 240 homes sold at a median price of $1.7m. The median overbid percentage was at 111.9%, with an average of 22 days on the market.

There were 771 condo and townhome units for sale, providing 4.5 months of inventory. There were 263 new listings and 190 units sold at a median sale price of $1.2m. The median overbid percentage was at 100%, with an average of 50 days on the market.

Single-Family Homes

265 ew Listings

240 Sold Listings

1.8 Months of Inventory

$1.7M Median Sale Price

111.9%

Median Sale vs List

22 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

263

New Listings

190 Sold Listings

4.5

Months of Inventory

100%

Median Sale vs List

$1.2M

Median Sale Price

50

Avg Days on Market

SanFranciscoCounty

OCTOBER 2023 - OCTOBER 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 6m last October 2023, to $1 7m as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last October 2023, to 22 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 47 days in October 2023, to 50 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 4% last October 2023, to 111 9% a year later

Condos & Townhomes

The overbid percentage has increased from 99.1% last October 2023, to 100% a year later.

SanMateo County

What's in the San Mateo Cou data?

There were 442 single-family homes for sale, providing 1.5 months of inventory. There wer new listings, and 352 homes sold at a media price of $1.9m. The median overbid percenta was at 102 8%, with an average of 28 days on market.

There were 243 condo and townhome units f sale, providing 2.6 months of inventory. Ther were 128 new listings and 101 units sold at a median sale price of $880k. The median over percentage was at 100%, with an average of days on the market

128

New Listings

2.6

Months of Inventory $880K

Median Sale Price

Median Sale vs List 34 Avg Days on Market 101 Sold Listings

SanMateoCounty

OCTOBER 2023 - OCTOBER 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 decreased from $1 94m last October 2023, to $1 92m as of October 2024

Condos & Townhomes

The median sale price has decreased from $910k last October 2023, to $880k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last October 2023, to 28 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in October 2023, to 34 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 4% last October 2023, to 102 8% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later.

SantaC County

What's in the Sant County data?

There were 756 single-family providing 1.1 months of inve new listings, and 761 homes price of $1.9m. The median o was at 103 8%, with an avera market.

There were 543 condo and to sale, providing 1.8 months of were 406 new listings and 28 median sale price of $1m. Th percentage was at 100.7%, w days on the market

homes, condos and October 2024. This may was gathered. All data is Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

406

New Listings

286 Sold Listings

1.8

Months of Inventory

$1M

Median Sale Price

100.7%

Median Sale vs List 25 Avg Days on Market

antaClaraCounty

OCTOBER 2023 - OCTOBER 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 $1 8m last October 2023, to $1 9m as of October 2024

Condos & Townhomes

The median sale price has increased from $984k last October 2023, to $1m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 19 days last October 2023, to 19 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 20 days in October 2023, to 25 days as of October 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has decreased from 101.1% last October 2023, to 100.7% a year later.

Solano County

What's in the Sola

data?

There were 668 single-family providing 2.3 months of inve new listings, and 285 homes price of $605k. The median o was at 100%, with an average market.

There were 83 condo and tow sale, providing 3 months of in 33 new listings and 27 units price of $345k. The median o was at 100%, with an average market

homes, condos and October 2024. This may was gathered. All data is Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $620k last October 2023, to $605k as of October 2024

Condos & Townhomes

The median sale price has decreased from $351k last October 2023, to $345k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last October 2023, to 48 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in October 2023, to 55 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later.

Sonoma County

What's in the Sonoma data?

There were 823 single-family homes for sale, providing 2.7 months of inventory. There were 274 new listings, and 357 homes sold at a median price of $824k. The median overbid percentage was at 100%, with an average of 53 days on the market.

There were 76 condo and townhome units for sale, providing 1.8 months of inventory. There were 38 new listings and 46 units sold at a median sale price of $429k. The median overbid percentage was at 100%, with an average of 59 days on the market.

Single-Family Homes

274 New Listings

357 Sold Listings

2.7 Months of Inventory

$824K Median Sale Price

100%

Median Sale vs List

53 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

38

New Listings

46 Sold Listings

1.8

Months of Inventory

$429K

Median Sale Price 100%

Median Sale vs List 59 Avg Days on Market

SonomaCounty

OCTOBER 2023 - OCTOBER 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 decreased from $850k last October 2023, to $824k as of October 2024

Condos & Townhomes

The median sale price has decreased from $508k last October 2023, to $429k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 52 days last October 2023, to 53 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in October 2023, to 59 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later.

Southern/ Central Marin

What's in the Southern/Central Marin data?

There were 334 single-family homes for sale, providing 2.3 months of inventory. There were 89 new listings, and 193 homes sold at a median price of $1.7m. The median overbid percentage was at 100%, with an average of 38 days on the market.

There were 133 condo and townhome units for sale, providing 3 months of inventory. There were 39 new listings and 41 units sold at a median sale price of $660k. The median overbid percentage was at 100%, with an average of 78 days on the market.

Single-Family Homes

89 New Listings

193 Sold Listings

2.3 Months of Inventory

$1.7M Median Sale Price

100% Median Sale vs List

38 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

of Inventory

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 75m last October 2023, to $1 72m as of October 2024

Condos & Townhomes

The median sale price has decreased from $795k last October 2023, to $660k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last October 2023, to 38 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 57 days in October 2023, to 78 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last October 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 99.9% last October 2023, to 100% a year later.

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