August 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.

WhatEveryHomeownerShould KnowAboutTheirEquity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

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 2,096 single-family homes for sale, providing 1.6 months of inventory. There were 919 new listings, and 749 homes sold at a median price of $1.2m. The median overbid percentage was at 105.6%, with an average of 23 days on the market.

There were 971 condo and townhome units for sale, providing 2 5 months of inventory There were 338 new listings and 215 units sold at a median sale price of $725k. The median overbid percentage was at 100.4%, with an average of 36 days on the market.

He-Family Homes

9 ings

749 Sold Listings

6 of Inventory

$1.2M Median Sale Price

5.6% Sale vs List

23 Avg Days on Market

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

338

New Listings

215 Sold Listings

2.5

Months of Inventory $725K

100.4%

Median Sale Price

Median Sale vs List 36 Avg Days on Market

AlamedaCounty

JULY 2023 - JULY 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 $1 26m last July 2023, to $1 28m as of July 2024

Condos & Townhomes

The median sale price has decreased from $739k last July 2023, to $725k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last July 2023, to 23 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 24 days in July 2023, to 36 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 1% last July 2023, to 105 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.4% last July 2023, to 100.4% a year later.

Contra Costa

What's in the Contra Costa data?

There were 1,266 single-family homes for sale, providing 2.1 months of inventory. There were 0,910 new listings, and 668 homes sold at a median price of $916k. The median overbid percentage was at 100 7%, with an average of 23 days on the market.

There were 516 condo and townhome units for sale, providing 3 months of inventory. There were 305 new listings and 177 units sold at a median sale price of $605k. The median overbid percentage was at 100%, with an average of 35 days on the market

Single-Family Homes

910

New Listings

668 Sold Listings

2.1 Months of Inventory

$916K Median Sale Price

100.7%

Median Sale vs List

23 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 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.

ontraCosta

JULY 2023 - JULY 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 $899k last July 2023, to $916k as of July 2024

Condos & Townhomes

The median sale price has increased from $575k last July 2023, to $605k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last July 2023, to 23 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in July 2023, to 35 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 4% last July 2023, to 100 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.9% last July 2023, to 100% a year later.

Napa County

What's in the Napa County data?

There were 324 single-family homes for sale, providing 4.7 months of inventory. There were 104 new listings, and 71 homes sold at a median price of $1m. The median overbid percentage was at 100%, with an average of 54 days on the market

There were 43 condo and townhome units for sale, providing 4.5 months of inventory. There were 14 new listings and 5 units sold at a median sale price of $490k. The median overbid percentage was at 98.2%, with an average of 60 days on the market.

Single-Family Homes

104 New Listings

71 Sold Listings

4.7 Months of Inventory

$1M Median Sale Price

100%

Median Sale vs List

54 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 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.

14

New Listings

5 Sold Listings

4.5

Months of Inventory

$490K

Median Sale Price 98.2%

Median Sale vs List

60 Avg Days on Market

NapaCounty

JULY 2023 - JULY 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 $925k last July 2023, to $1m as of July 2024

Condos & Townhomes

The median sale price has decreased from $699k last July 2023, to $490k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 57 days last July 2023, to 54 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 55 days in July 2023, to 60 days as of July 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has decreased from 99.5% last July 2023, to 98.2% a year later.

San Francisco County

What's in the San Francisco County data?

There were 236 single-family homes for sale, providing 1.3 months of inventory. There were 194 new listings, and 204 homes sold at a median price of $1.6m. The median overbid percentage was at 110%, with an average of 23 days on the market.

There were 620 condo and townhome units for sale, providing 4 months of inventory. There were 236 new listings and 178 units sold at a median sale price of $1.2m. The median overbid percentage was at 100%, with an average of 54 days on the market.

Single-Family Homes

194 New Listings

204 Sold Listings

1.3 Months of Inventory

$1.6M Median Sale Price

109.8%

Median Sale vs List

23 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 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.

236

New Listings

178

Sold Listings

4

Months of Inventory

$1.2M

Median Sale Price 100%

Median Sale vs List 54 Avg Days on Market

SanFranciscoCounty

JULY 2023 - JULY 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 4m last July 2023, to $1 6m as of July 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 26 days last July 2023, to 23 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 51 days in July 2023, to 54 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 9% last July 2023, to 110% a year later

Condos & Townhomes

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

SanMateo County

What's in the San Mateo Cou data?

There were 447 single-family homes for sale, providing 1.5 months of inventory. There wer new listings, and 314 homes sold at a media price of $2m. The median overbid percentage at 103 1%, with an average of 22 days on the market.

There were 252 condo and townhome units f sale, providing 2.8 months of inventory. Ther were 145 new listings and 99 units sold at a median sale price of $1m. The median overb percentage was at 100%, with an average of days on the market

371 New Listings

314 Sold Listings

1.5 Months of Inventory

$2M Median Sale Price

103.1%

Median Sale vs List

22 Avg Days on Market

145

New Listings

99

Sold Listings

2.8

Months of Inventory

$1M

Median Sale Price 100%

Median Sale vs List

28 Avg Days on Market

SanMateoCounty

JULY 2023 - JULY 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 8m last July 2023, to $2m as of July 2024

Condos & Townhomes

The median sale price has increased from $923k last July 2023, to $1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last July 2023, to 22 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 33 days in July 2023, to 28 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 8% last July 2023, to 103 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.8% last July 2023, to 100% a year later.

SantaC County

What's in the Sant County data?

There were 828 single-family providing 1.3 months of inve new listings, and 794 homes price of $1.8m. The median o was at 103 3%, with an avera market.

There were 526 condo and to sale, providing 1.8 months of were 418 new listings and 30 median sale price of $950k. T percentage was at 100.7%, w days on the market

879 New Listings

1.3 Months of Inventory

103.3%

Median Sale vs List

794 Sold Listings

$1.8M Median Sale Price

16 Avg Days on Market

homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

418

New Listings

301 Sold Listings

1.8

Months of Inventory

100.7%

Median Sale vs List

$950K

Median Sale Price

23

Avg Days on Market

antaClaraCounty

JULY 2023 - JULY 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 7m last July 2023, to $1 8m as of July 2024

Condos & Townhomes

The median sale price has increased from $1 05m last June 2023, to $1 07m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 17 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 24 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 3% last July 2023, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.7% last July 2023, to 100.7% a year later.

Solano County

What's in the Sola

data?

There were 688 single-family providing 2.5 months of inve new listings, and 309 homes price of $585k. The median o was at 100%, with an average market.

There were 76 condo and tow sale, providing 2.8 months of were 46 new listings and 25 sale price of $405k. The med percentage was at 100%, wit days on the market

379 New Listings

2.5 Months of Inventory

100% Median Sale vs List

309 Sold Listings

$585K Median Sale Price

45 Avg Days on Market

homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

46 New Listings

2.8 Months of Inventory

Median Sale vs List

Avg Days on Market 25 Sold Listings

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $605k last July 2023, to $585k as of July 2024

Condos & Townhomes

The median sale price has increased from $370k last July 2023, to $405k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last July 2023, to 45 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 40 days in July 2023, to 38 days as of July 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Sonoma County

What's in the Sonoma data?

There were 854 single-family homes for sale, providing 2.9 months of inventory. There were 293 new listings, and 358 homes sold at a median price of $851k. The median overbid percentage was at 100%, with an average of 45 days on the market.

There were 100 condo and townhome units for sale, providing 2.6 months of inventory. There were 41 new listings and 39 units sold at a median sale price of $440k. The median overbid percentage was at 100%, with an average of 53 days on the market.

Single-Family Homes

293 New Listings

358 Sold Listings

2.9 Months of Inventory

$851K Median Sale Price

100%

Median Sale vs List

45 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 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.

41

New Listings

39 Sold Listings

2.6

Months of Inventory

$440K

Median Sale Price 100%

Median Sale vs List

53 Avg Days on Market

SonomaCounty

JULY 2023 - JULY 2024 LISTINGS FOR SALE

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 $848k last July 2023, to $851k as of July 2024

Condos & Townhomes

The median sale price has decreased from $485k last July 2023, to $440k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 35 days last July 2023, to 45 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in July 2023, to 53 days as of July 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Southern/ Central Marin

What's in the Southern/Central Marin data?

There were 263 single-family homes for sale, providing 1.9 months of inventory. There were 88 new listings, and 178 homes sold at a median price of $1.6m. The median overbid percentage was at 100%, with an average of 38 days on the market.

There were 101 condo and townhome units for sale, providing 2.2 months of inventory. There were 28 new listings and 40 units sold at a median sale price of $818k. The median overbid percentage was at 100%, with an average of 39 days on the market.

Single-Family Homes

88 New Listings

178 Sold Listings

1.9 Months of Inventory

$1.6M 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 July 2023 to July 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.

28

New Listings

Median Sale vs List 39 Avg Days on Market 40 Sold Listings

2.2 Months of Inventory $818K Median Sale Price

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 62m last July 2023, to $1 6m as of July 2024

Condos & Townhomes

The median sale price has increased from $799k last July 2023, to $818k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 36 days last July 2023, to 38 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 61 days in July 2023, to 39 days as of July 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

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