Branded Market Report Sample by California Concierge

Market Report

March 2023 Copyright by KW Advisors 2023

ANNETOBIAS

San Francisco

Bay area

Alameda

Jump to Alameda Report

Contra Costa

Jump to Contra Costa Report

Napa

Jump to Napa Report

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano

Jump to Solano Report

Sonoma

Jump to Sonoma Report

Southern/Central Marin

Jump to Marin 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?

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

can help...

Is It Really Better To Rent Than To Own a Home Right Now?

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.

But here’s the thing – most people who rent aren’t making those investments. Ken Johnson, Co-Author of the BH&J National Price-toRent Index, explains:

“One of the difficulties with the rent and reinvest model is many people . . . simply rent and spend the difference. . . . That’s wealth destroying. ”

So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership provides.

Bottom Line

If you’re unsure whether to continue renting or to buy a home, work with a real estate advisor who can help you make the best decision.

The reason homeownership is one of the best investments you can make is the wealth it helps you build. That’s why there’s a significant difference between the net worth of the average homeowner and the average renter (see graph below): Source: Keeping Current Matters

Alameda

What's in the Alameda data?

In February, Alameda had 1,214 new listings and 386 homes sold; with a median sale price of $1.1m, and a median overbid of 102.8%. The average time spent on the market was 28 days.

There were 533 new condo and townhome listings and 141 units sold; with a median sale price of $699k and a median overbid of 98.8%. The average time spent on the market was 26 days.

SFH Single-Family Homes

1,214 New Listings

1.1 Months of Inventory

102.8% Median Sale vs List

386 Sold Listings

$1.1M Median Sale Price

28 Avg Days on Market

This data was sourced from InfoSparks on March 3rd, 2023 and includes all single-family homes, condos and townhomes in the displayed California Area above from February 2022 to February 2023 This may include preliminary data, and may 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 - 650 627 3700 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023 Each Office is independently owned and operated

533 New Listings 1.4 Months of Inventory $699K Median Sale Price 98.8% Median Sale vs List 26 Avg Days on Market 141 Sold Listings CONDO Condo & Townhomes

Last

Condos

Last 12 months, year-over-year

February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 4000 3000 2000 1000 0 February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 1500 1000 500 0 Alameda FEBRUARY 2022 - FEBRUARY 2023

-Family Homes

Single

year.

12 months, year-over-

& Townhomes

LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

The median sales price has decreased from $1.3m last February 2022, to $1m as of February 2023.

Condos & Townhomes

The median sales price has decreased from $706k last February 2022, to $699k as of February 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 117.8% last February 2022, to 102.8% a year later.

Condos & Townhomes

The overbid percentage has decreased from 107.7% last February 2022, to 98.8% a year later.

AVG Days On the Market

Single-Family Homes

The average days on market went up from 12 days last February 2022, to 28 days as of February 2023

Condos

The average days on market went up from 17 days in February 2022, to 26 days as of February 2023.

February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 50 40 30 20 10 0 February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023 125% 100% 75% 50% 25% 0%

Single-Family Homes

& Townhomes

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Contra Costa

What's in the Contra Costa data?

In February, Contra Costa had 696 single-family homes for sale with 602 new listings, resulting in 0.9 months of inventory. The median sale price increased to $753k. The median overbid remained steady at 100%.

There were 205 condo and townhome units for sale with 171 new listings, providing the market with 1 month of inventory. The median sale price increased to $564k. The median overbid remained steady at 100%. The average time spent on the market was 34 days.