Stefan Walker - October 2024 Market Update

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KW Bay Area

Estates

Santa Clara County

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San Mateo County

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San Francisco County

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Alameda County

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What’syourhome reallyworthintoday’s market?

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?

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.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,055 closed sales at a median price of $1.6m. There was a total of 1,354 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,091.

October 2024

1,354

$1,091 New Listings

Average Price Per SqFt +26.9% Year-over-Year +8.9% Year-over-Year

1,055

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

21

$2.1B Average Days-on-Market Total Volume +10.5% Year-over-Year +24.3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Single Family Homes

912 New Listings

767 Closed Sales

19 Average Days-on-Market

$1.9M

Median Sale Price

$1,197 Average Price Per SqFt

$1.7B

Total Volume

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision

442 New Listings

288 Closed Sales

26 Average Days-on Market

$809 Average Price Per SqFt

$1M Median Sale Price

$317M Total Volume

Luxury Listings for Sale

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 457 closed sales at a median price of $1.6m. There was a total of 567 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,129.

October 2024

567

Year-over-Year

Average Price Per SqFt

$1,129 New Listings

Year-over-Year

457

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

29

$1.1B Average Days-on-Market Total Volume +11.5% Year-over-Year

+29.3%Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Single Family Homes

424 New Listings

355 Closed Sales

28 Average Days-on-Market

$1.9M

Median Sale Price

$1,226 Average Price Per SqFt

$1B Total Volume

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision

143 New Listings

102 Closed Sales

33 Average Days-on Market

$796 Average Price Per SqFt

$877K Median Sale Price

$104M Total Volume

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 433 closed sales at a median price of $1.5m. There was a total of 547 new listings with an average of 33 days on the market without price reduction and with an average price per square foot of $1,049.

October 2024

547

$1,049 New Listings

Average Price Per SqFt +8.1% Year-over-Year +4.6% Year-over-Year

433

Year-over-Year

Median Sale Price

$1.5M Closed Sales

Year-over-Year

33

$839M Average Days-on-Market

Total Volume 0% Year-over-Year -24.1% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Single Family Homes

279 New Listings

242 Closed Sales

21 Average Days-on-Market

$1.7M

Median Sale Price

$1,041 Average Price Per SqFt

$562M

Total Volume

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision

Condo & Townhomes

268 New Listings

191 Closed Sales

47 Average Days-on Market

$1,058 Average Price Per SqFt

$1.2M Median Sale Price

$277M Total Volume

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 987 closed sales at a median price of $1.1m. There was a total of 1,278 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $739.

October 2024

$739 New Listings

1,278

Average Price Per SqFt +21.4% Year-over-Year +1.7%Year-over-Year

987

$1.1M Closed Sales Median Sale Price

Year-over-Year

Year-over-Year

25

$1.2B Average Days-on-Market

Total Volume +31.6% Year-over-Year +20.5% Year-over-Year

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Single Family Homes

917 New Listings

768 Closed Sales

23 Average Days-on-Market

$1.2M

Median Sale Price

$775 Average Price Per SqFt

$1B Total Volume

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision

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