Market report for San Francisco Bay area February 2024

Page 1

February 2024

Copyright by KW Advisors 2024


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 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?

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


Why Having Your Own Agent Matters When Buying a New Construction Home

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal. That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you. But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says: “Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.” Here’s how having your own agent is key when you build or buy a new construction home.


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WHAT ARE PREPAID COSTS WHEN BUYING A HOME?

Embarking on the journey of homeownership brings both excitement and unexpected costs. Closing fees, down payments, and more can catch you off guard. American Home Shield is here to break down the upfront expenses and help you navigate the homebuying process confidently.


What are prepaid costs when buying a home? Unraveling the mystery of prepaid costs in home buying! These serve as a safety net for lenders, covering taxes, interest, and insurance. Here's a breakdown:

1 2

3

4

Prepaid interest on a mortgage: Pay interest from closing to month-end. Opt for a month-end closing to minimize this cost.

Prepaid property taxes at closing: Sellers settle their owed taxes at closing, and you prepay from your escrow account.

Prepaid homeowners insurance at closing: Cover one year in advance, ensuring your lender that potential damages will be addressed.

Initial escrow payment at closing: Acts as a deposit (earnest money) for future insurance or tax payments, showing commitment to the purchase.

While it might seem complex, prepaid costs are expenses you'd pay anyhow. They ease the burden on buyers by handling crucial payments, streamlining the process and leaving you with fewer tasks on your homeowner checklist

READY TO GET STARTED? Contact me, your Real Estate Expert, for support and to learn more about AHS. CLICK HERE TO LEARN MORE


Looking to lighten the mood in your laundry room?

EIGHT EYECATCHING Laundry Room Colors To Look Out For

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


Eight Colrs fo Laundry Tranquil Blue View it here

Sage Green 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 low-

commitment update—easy to change and customize, ensuring lasting satisfaction with your design choice.

White

Create an elegant laundry room with Chantilly Lace by Benjamin Moore. The classic

Yellow

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn

View it here

View it here

Gray

View it here

Dusty Pink View it here

Navy Blue View it here

Purple

View it here

white choice adds sophistication, opens up the space, and simplifies stain detection.

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.

Want to know how Home Concierge can help with your listing? Contact me today! CLICK HERE TO LEARN MORE

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


VENDOR DIRECTORY When it comes to homeownership, 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.

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CLICK HERE for your home warranty needs


CLICK HERE for your home renovation needss

CLICK HERE for your insurance needs


Alameda What's in the Alameda data? There were 1057 single-family homes for sale, providing 1.3 months of inventory. There were 606 new listings, and 311 homes sold at a median price of $1.1m. The median overbid percentage was at 101.1%, with an average of 26 days on the market. There were 527 condo and townhome units for sale, providing 2.2 months of inventory. There were 271 new listings and 105 units sold at a median sale price of $690k. The median overbid percentage was at 99.3%, with an average of 36 days on the market.


SFH

Single-Family Homes

606

311

New Listings

Sold Listings

1.3

$1.1M

Months of Inventory

Median Sale Price

101.1% 26 Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

271

105

New Listings

Sold Listings

2.2

$690K

Months of Inventory

Median Sale Price

99.3%

36

Median Sale vs List

Avg Days on Market


Alameda County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

2,000

1,500

1,000

500

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 800

600

400

200

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$1,400,000 $1,200,000 $1,000,000

Single-Family Homes

$800,000

The median sales price has increased from $1m last January 2023, to $1.1m as of January 2024.

$600,000 $400,000 $200,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $698k last January 2023, to $690k as of January 2024.

AVG Days On the Market

60 50 40

Single-Family Homes The average time spent on the market went down from 31 days last January 2023, to 26 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 95.6% last January 2023, to 99.3% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 96.1% last January 2023, to 101.1% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 37 days in January 2023, to 36 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Contra Costa What's in the Contra Costa data? There were 619 single-family homes for sale, providing 1 month of inventory. There were 609 new listings, and 369 homes sold at a median price of $770k. The median overbid percentage was at 100%, with an average of 37 days on the market. There were 276 condo and townhome units for sale, providing 1.6 months of inventory. There were 230 new listings and 113 units sold at a median sale price of $590k. The median overbid percentage was at 100%, with an average of 40 days on the market.


SFH

Single-Family Homes

609

369

New Listings

Sold Listings

1

$770K

Month of Inventory

Median Sale Price

100%

37

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

230

113

New Listings

Sold Listings

1.6

$590K

Months of Inventory

Median Sale Price

100%

40

Median Sale vs List

Avg Days on Market


Contra Costa JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

1,200 1,000 800 600 400 200 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$1,000,000

$800,000

Single-Family Homes

$600,000

The median sales price has increased from $725k last January 2023, to $770k as of January 2024.

$400,000

$200,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $485k last January 2023, to $590k as of January 2024.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went down from 43 days last January 2023, to 37 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

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

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 99.5% last January 2023, to 100% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 47 days in January 2023, to 40 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Napa County What's in the Napa County data? There were 168 single-family homes for sale, providing 2.5 months of inventory. There were 46 new listings, and 37 homes sold at a median price of $999k. The median overbid percentage was at 99%, with an average of 111 days on the market. There were 22 condo and townhome units for sale, providing 2.3 months of inventory. There were 9 new listings and 7 units sold at a median sale price of $617k. The median overbid percentage was at 99%, with an average of 67 days on the market.


SFH

Single-Family Homes

46

37

New Listings

Sold Listings

2.5

$999K

Months of Inventory

Median Sale Price

99%

111

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

9

7

New Listings

Sold Listings

2.3

$617K

Months of Inventory

Median Sale Price

99%

67

Median Sale vs List

Avg Days on Market


Napa JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 50

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$1,200,000 $1,000,000 $800,000

Single-Family Homes The median sales price has increased from $825k last January 2023, to $999k as of January 2024.

$600,000 $400,000 $200,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $500k last January 2023, to $617k as of January 2024.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 76 days last January 2023, to 111 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

Ja n

The overbid percentage has increased from 98.1% last January 2023, to 99% a year later.

60%

M ar 20 23

Condos & Townhomes

80%

20 23

The overbid percentage has increased from 98.3% last January 2023, to 99.1% a year later.

100%

Fe b

Single-Family Homes

The average time spent on the market went up from 61 days in January 2023, to 67 days as of January 2024.

120%

20 23

Overbids

Au g

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



San Francisco County What's in the San Francisco County data? There were 192 single-family homes for sale, providing 1.2 months of inventory. There were 185 new listings, and 89 homes sold at a median price of $1.5M. The median overbid percentage was at 100.1%, with an average of 56 days on the market. There were 492 condo and townhome units for sale, providing 3.1 months of inventory. There were 307 new listings and 94 units sold at a median sale price of $1m. The median overbid percentage was at 97.4%, with an average of 80 days on the market.


SFH

Single-Family Homes

185

89

New Listings

Sold Listings

1.2

$1.5M

Months of Inventory

Median Sale Price

100.1% 56 Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

307

94

New Listings

Sold Listings

3.1

$1M

Months of Inventory

Median Sale Price

97.4%

80

Median Sale vs List

Avg Days on Market


San Francisco County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

500

400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 1,000

800

600

400

200

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.3m last January 2023, to $1.5m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

Ap r2 02 3 M ay 20 23 Ju n 20 23

M ar 20 23

Fe b

20 23

20 23

$0

Ja n

The median sales price has increased from $1.050m last January 2023, to $1.057m as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went up from 50 days last January 2023, to 56 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 97.3% last January 2023, to 97.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 100.0% last January 2023, to 100.1% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 84 days in January 2023, to 80 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



San Mateo County What's in the San Mateo County data? There were 272 single-family homes for sale, providing 1 month of inventory. There were 289 new listings, and 137 homes sold at a median price of $1.8m. The median overbid percentage was at 100%, with an average of 44 days on the market. There were 126 condo and townhome units for sale, providing 1.5 months of inventory. There were 126 new listings and 60 units sold at a median sale price of $772k. The median overbid percentage was at 100%, with an average of 68 days on the market.


SFH

Single-Family Homes

289

137

New Listings

Sold Listings

1

$1.8M

Month of Inventory

Median Sale Price

100%

44

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

126

60

New Listings

Sold Listings

1.5

$772K

Months of Inventory

Median Sale Price

100%

68

Median Sale vs List

Avg Days on Market


San Mateo County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

600 500 400 300 200 100 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 250

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.4m last January 2023, to $1.8m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $855k last January 2023, to $772k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went up from 40 days last January 2023, to 44 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 98.3% last January 2023, to 99.6% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 98% last January 2023, to 100% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 51 days in January 2023, to 68 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Santa Clara County What's in the Santa Clara County data? There were 402 single-family homes for sale, providing 0.7 months of inventory. There were 559 new listings, and 353 homes sold at a median price of $1.6m. The median overbid percentage was at 100.9%, with an average of 25 days on the market. There were 250 condo and townhome units for sale, providing 1 month of inventory. There were 298 new listings and 146 units sold at a median sale price of $910k. The median overbid percentage was at 100%, with an average of 39 days on the market.


SFH

Single-Family Homes

559

353

New Listings

Sold Listings

0.7

$1.6M

Months of Inventory

Median Sale Price

100.9% 25 Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

298

146

New Listings

Sold Listings

1

$910K

Month of Inventory

Median Sale Price

100%

39

Median Sale vs List

Avg Days on Market


Santa Clara County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

1,000

800

600

400

200

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 500

400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.5m last January 2023, to $1.6m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $865k last January 2023, to $910k as of January 2024.

AVG Days On the Market

40

30

Single-Family Homes The average time spent on the market went down from 35 days last January 2023, to 25 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 99.3% last January 2023, to 100% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 98.4% last January 2023, to 100.9% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 34 days in January 2023, to 39 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Solano County What's in the Solano County data? There were 388 single-family homes for sale, providing 1.3 months of inventory. There were 235 new listings, and 199 homes sold at a median price of $575k. The median overbid percentage was at 100%, with an average of 53 days on the market. There were 45 condo and townhome units for sale, providing 1.7 months of inventory. There were 33 new listings and 27 units sold at a median sale price of $335k. The median overbid percentage was at 100%, with an average of 66 days on the market.


SFH

Single-Family Homes

235

199

New Listings

Sold Listings

1.3

$575K

Months of Inventory

Median Sale Price

100%

53

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

33

27

New Listings

Sold Listings

1.7

$335K

Months of Inventory

Median Sale Price

100%

66

Median Sale vs List

Avg Days on Market


Solano JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

700 600 500 400 300 200 100 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$700,000 $600,000 $500,000

Single-Family Homes

$400,000

The median sales price has decreased from $579k last January 2023, to $575k as of January 2024.

$300,000 $200,000 $100,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has decreased from $395k last January 2023, to $335k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went down from 68 days last January 2023, to 53 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 97.6% last January 2023, to 100% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 99.4% last January 2023, to 100% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 53 days in January 2023, to 66 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Sonoma County What's in the Sonoma data? There were 395 single-family homes for sale, providing 1.4 months of inventory. There were 149 new listings, and 174 homes sold at a median price of $830k. The median overbid percentage was at 99%, with an average of 69 days on the market. There were 49 condo and townhome units for sale, providing 1.3 months of inventory. There were 22 new listings and 22 units sold at a median sale price of $460k. The median overbid percentage was at 100%, with an average of 51 days on the market.


SFH

Single-Family Homes

149

174

New Listings

Sold Listings

1.4

$830K

Months of Inventory

Median Sale Price

99%

69

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

22

22

New Listings

Sold Listings

1.3

$460K

Months of Inventory

Median Sale Price

100%

51

Median Sale vs List

Avg Days on Market


Sonoma JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

1,200 1,000 800 600 400 200 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Single-Family Homes Last 12 months, year-over-year. 100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$1,000,000

$800,000

Single-Family Homes

$600,000

The median sales price has increased from $769k last January 2023, to $830k as of January 2024.

$400,000

$200,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

Ap r2 02 3 M ay 20 23 Ju n 20 23

$0

The median sales price has increased from $435k last January 2023, to $460k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went up from 66 days last January 2023, to 69 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 98% last January 2023, to 100% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has remained the same from 99% last January 2023, to 99% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 46 days in January 2023, to 51 days. as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



Southern/ Central Marin What's in the Marin data? There were 109 single-family homes for sale, providing 0.8 months of inventory. There were 58 new listings, and 65 homes sold at a median price of $1.5m. The median overbid percentage was at 98.9%, with an average of 70 days on the market. There were 91 condo and townhome units for sale, providing 1.9 months of inventory. There were 42 new listings and 29 units sold at a median sale price of $872k. The median overbid percentage was at 99%, with an average of 70 days on the market.


SFH

Single-Family Homes

58

65

New Listings

Sold Listings

0.8

$1.5M

Months of Inventory

Median Sale Price

98.9%

70

Median Sale vs List

Avg Days on Market

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


CONDO

Condo & Townhomes

42

29

New Listings

Sold Listings

1.9

$872K

Months of Inventory

Median Sale Price

99%

70

Median Sale vs List

Avg Days on Market


S/C Marin JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

500

400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023

Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023

Jan 2024

Single-Family Homes Last 12 months, year-over-year. 200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

Condos & Townhomes Last 12 months, year-over-year.


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has decreased from $1.6m last January 2023, to $1.5m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

Ap r2 02 3 M ay 20 23 Ju n 20 23

M ar 20 23

Fe b

20 23

20 23

$0

Ja n

The median sales price has increased from $800k last January 2023, to $872k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went up from 61 days last January 2023, to 70 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

Ap r2 02 3

0%

M ar 20 23

The overbid percentage has increased from 98.8% last January 2023, to 98.9% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 96.2% last January 2023, to 98.9% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 62 days in January 2023, to 70 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0



San Francisco 1624 California Street, San Francisco, CA 94109

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