Stweart Reichardt - August 2024 Market Update

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KW Bay Area Estates

Santa Clara County

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San Mateo County

Jump to San Mateo County Report

San Francisco County

Jump to San Francisco County Report

Alameda County

Jump to Alameda County Report

What’s your home really worth in today’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?

I can help...

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

TheLifestyleFactorsThatCould TiptheScale

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.

An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,043 closed sales at a median price of $1.5m. There was a total of 1,469 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,066.

August 2024

1,469

$1,066 New Listings

Average Price Per SqFt +16% Year-over-Year +4 2% Year-over-Year

1,043

$1.5M

20 $1.9B Average Days-on-Market Total Volume +11.1% Year-over-Year +4 8% 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

976 New Listings

750 Closed Sales

18 Average Days-on-Market

$1.8M

Median Sale Price

$1,167

Average Price Per SqFt

$1.6B 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.

486 New Listings

24 Average Days-on Market

$1M Median Sale Price

293 Closed Sales

$808 Average Price Per SqFt

$319M 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 422 closed sales at a median price of $1.6m. There was a total of 614 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $1,113.

August 2024

614

+10.8% Year-over-Year

Average Price Per SqFt

$1,113 New Listings

+5 3% Year-over-Year

422

$1.6M Closed Sales

Median Sale Price +1% Year-over-Year +4% Year-over-Year

Average Days-on-Market

27 $892M

Total Volume -12.9% Year-over-Year

-3 9%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

463 New Listings

324 Closed Sales

24 Average Days-on-Market

$1.7M

Median Sale Price

$1,198

Average Price Per SqFt

$786M

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.

151 New Listings

98 Closed Sales

36 Average Days-on Market

$910K Median Sale Price

$831 Average Price Per SqFt

$106M Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 310 closed sales at a median price of $1.2m. There was a total of 453 new listings with an average of 44 days on the market without price reduction and with an average price per square foot of $1,023.

August 2024

453

$1,023 New Listings

Average Price Per SqFt -14.9 Year-over-Year +2 4% Year-over-Year

310

$1.2M

44 $520M

Average Days-on-Market Total Volume 0% Year-over-Year +1 4% 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

204 New Listings

155 Closed Sales

30 Average Days-on-Market

$1.5M

Median Sale Price

$1,010 Average Price Per SqFt

$325M

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.

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 893 closed sales at a median price of $1m. There was a total of 1,412 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $735.

August 2024

1,412

+13.2% Year-over-Year

Average Price Per SqFt

$735 New Listings

+2 1% Year-over-Year

893

$1M Closed Sales Median Sale Price

Year-over-Year +0 8% Year-over-Year

25 $1B Average Days-on-Market Total Volume +19.1% Year-over-Year -3 1% 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 Fa

1,023

New Listings

23 Average Days-on-Marke $1.2M

Median Sale Pr

Data includes all single family, sourced from MLS Listings. numbers, but may change but may contain errors and are subject to revision.

KW Bay Area Estates

16780 Lark Ave, Los Gatos, CA, 95032

Phone: 408.560.9000

12820 Saratoga-Sunnyvale Rd, Saratoga, 95070

Phone: 408.418.3911

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