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That's really the question you should be asking yourself
Our market is incredibly diverse and changes rapidly
Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market sets the value of your home
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation, assessment of your home's value.
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people, who want to purchase a home, priced out of the market, and others wondering if now is the right time to buy. But this rise in borrowing cost shows no signs of letting up soon.
Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise George Ratiu, Senior Economist and Manager of Economic Research at realtor com, says this:
“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months ”
So, is now the right time to buy a home? Anyone thinking about buying a home today should ask these two questions.
In Palo Alto, the median sold price for single-family homes in September decreased month-over-month to $3.2 million. The number of homes sold decreased to 35, and the number of new listings also decreased to 46. The number of condo & townhome sales decreased to $1.2 million month-over-month with 10 units sold and 8 new listings.
Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
The median sales price has decreased from $3 7m last year's September to $3 2m this year
The median sales price has decreased from $1 7m last September 2021 to $1 2m by September 2022.
November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on market has increased from 16 days of the same month last year, to 21 days this year.
October2021November2021December2021January2022February2022March2022April2022May2022June2022
August2022September2022
The average days on market has gone up from last year's September with 18 days, to 27 days this year
The overbid percentage has decreased from 105.4% last year's September, to 98.7% this year.
The overbid percentage decreased from 100 6% of September 2021, to 96 8% a year later
February2022March2022April2022May2022June2022 July2022August2022September2022
In Redwood City, the median sold price for single-family homes in September slightly increased month-over-month to $1.9 million. The number of homes sold decreased to 36, and the number of new listings increased to 60. The number of condo & townhome sales slightly decreased month-over-month to $1 million with 10 units sold and 16 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
The median sales price has increased from $1 8m last year's September to $1 9m this year
The median sales price has slightly decreased from $1 022m last September 2021 to $1.007m by September 2022.
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
The average days on market has increased from 18 days of the same month last year, to 25 days this year.
October2021November2021December2021January2022February2022March2022April2022May2022June2022
August2022September2022
The average days on market has gone up from last year's September with 13 days, to 28 days this year
The overbid percentage has decreased from 105.4% last year's September, to 96.9% this year.
The overbid percentage has decreased from 103 9% of September 2021, to 97 6% a year later
January2022February2022March2022April2022May2022June2022 July2022August2022September2022
In Portola Valley, the median sold price for single-family homes in September increased month-over-month to $4.2 million. The number of homes sold decreased to 7 and the number of new listings increased to 12. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is
The median sales increased from $4m of last year's September, to $4 2m this year
The median sales price record same from last year's September having $0m to $0m this year.
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on market has decreased from 26 days last year's September, to 22 days a year later.
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The average days on market is almost the same from September last year's 0 days to 0 days this year
The overbid percentage has slightly decreased from 97.9% of last year's September, to 97.5% this year.
The overbid percentage is same from last year's September of 0% to this year's 0%
January2022February2022March2022April2022May2022June2022 July2022August2022September2022
In Menlo Park, the median sold price for single-family homes in September slightly decreased month-over-month to $2.4 million. The number of homes sold decreased to 26, and the number of new listings increased to 39. The number of condo and townhome sales increased month-over-month to $2 million, with 4 units sold and 7 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
Single Family Homes
The median sales price has decreased from $3 4m last year's September to $2 4m this year
The median sales price has increased from $1.3m last September 2021 to $2m a year later.
October2021November2021December2021January2022
The overbid percentage has decreased from 103.8% record last year's September, to 96.7% this year.
The overbid percentage has increased from 97 1% last year's September, to 102 6% this year
January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on the market has remain the same from 25 days of September 2021 to 25 days this September 2022.
Condos & Townhomes
The average days on the market has decreased from 41 days of September 2021 to 15 days this September 2022
In Atherton, the median sold price for single-family homes in September increased month-over-month to $11.5 million. The number of homes sold decreased to 7, and the number of new listings decreased to 11. Similarly to last month, the number of condo and townhome sales remained static month-over-month at $0, with 0 units sold and 0 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
Single Family Homes
The median sales price increased from $9 9m in September 2021 to $11 5m in September 2022
The median sales price decreased from $1 4m in September 2021 and $0 in September 2022.
January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on market decreased from 47 days last September 2021 to 27 days by September 2022.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Single Family Homes
The overbid percentage decreased from 94.9% last September 2021 to 92.2% a year later.
The overbid percentage stays at 0% for September 2021 and September 2021
The average days on market stays at 0 days for September 2021 and September 2022
In Los Altos, the median sold price for single-family homes in September slightly decreased month-over-month to $4.1 million. The number of homes sold increased to 34, and the number of new listings increased to 49. The number of condo & townhome sales increased month-over-month to $1.8 million with 4 units sold and 2 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
The median sales price slightly decreased from $4 2m in September 2021 to $4 1m in September 2022
The median sales price increased from $1.6m in September 2021 and $1.8m in September 2022.
January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on market slightly decreased from 19 days last September 2021 to 18 days by September 2022
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The overbid percentage decreased from 108.5% last September 2021 to 97.8% a year later.
The overbid percentage decreased from 103 1% last September 2021 to 97 8% a year later
The average days on market increased from 21 days in September 2021 to 33 days this year
In San Jose, the median sold price for single-family homes in September increased month-over-month to $1.5 million. The number of homes sold decreased to 380, and the number of new listings decreased to 381. The number of condo & townhome sales increased month-over-month to $835 thousand month-over-month with 180 units sold and 172 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
Single Family Homes
The median sales price increased from $1 4m in September 2021 to $1 5m in September 2022
The median sales price increased from $780k in September 2021 and $835k in September 2022.
October2021November2021December2021January2022
The overbid percentage decreased from 106.9% last September 2021 to 95.7% a year later.
The overbid percentage decreased from 103 6% last September 2021 to 98 5% a year later
January2022February2022March2022April2022May2022June2022July2022August2022September2022
Single Family Homes
The average days on market increased from 16 days last September 2021 to 28 days by September 2022.
Condos & Townhomes
The average days on market increased from 23 days in September 2021 to 27 days this year
data?
In Mountain View, the median sold price for single-family homes in September decreased month-over-month to $2.1 million. The number of homes sold increased to 23 and the number of new listings decreased to 27. The number of condo and townhome sales increased month-over-month at $1.3 million with 22 units sold and 36 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
Sale vs List
Listings
Price
Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
The median sales price has gone down from $2 7m last September 2021, to $2 1m by September 2022
The median sales price has slightly increased from $1.3m of September 2021 to $1.3m by September 2022.
October2021November2021December2021January2022
The overbid percentage has decreased from 108.8% last year to 101.2% this year's September .
The overbid percentage has slightly decreased from 101 2% last year to 99 1% this year's September
February2022March2022April2022May2022June2022July2022August2022September2022
The average days on market from September 2021 was 12 days up to 52 days this year.
The average days on market significantly increased from 20 days last year's September, to 24 days this year
data?
In San Mateo County, the median sold price for single-family homes in September decreased month-over-month to $1.8 million. The number of homes sold decreased to 310, and the number of new listings also decreased to 391. The number of condo & townhomes sales remained the same month-overmonth at $965 thousand, with 77 units sold and 123 new listings.Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
The median sales price slightly decreased from $1 9m last September 2021, to $1 8m a year later
The median sales price has remained the same from $965k last year's September to $965k this year.
The overbid percentage has slightly decreased from 103.9% last year's September, to 96.1% this year.
The overbid percentage has slightly gone down from 104 1% last year's September, to 98 4% this year
The average days on market increased from 22 days last year's September, to 26 days this year.
From 21 days average days on the market record last year, it has slightly increased to 36 days after a year
In Santa Clara County, the median sold price for single-family homes in September increased month-over-month to $1.7 million. The number of homes sold decreased to 736, and the number of new listings also decreased to 778. The number of condo & townhome sales decreased month-over-month to $925 thousand, with 324 unit sold and 315 new listings Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in the California Area from September 2021 to September 2022. 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. 415.483.9285 Palo Alto DRE# 01511642 Copyright KW Advisors 2022. Each Office is independently owned and operated.
The median sales price slightly increased from $1 6m last year's September, to $1 7m this year
The median sales price increased from $888k last year's September, to $925k this year.
October2021November2021December2021January2022
The overbid percentage is down from 106% last September 2021 to 96.2% a year later.
The overbid percentage has slightly decreased from 103% last September 2021, to 97 9% this year
January2022February2022March2022April2022May2022June2022July2022August2022September2022
The average days on market has significantly increased from 15 days last September 2021, to 32 days this year's September.
The average days on market has gone up again from 22 days last year's September, to 30 days this year
