March 2024 Market Report | Peninsula Estates by Procasa Technologies, Inc

Peninsula

Estates

San Francisco County

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San Mateo County

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Belmont

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Burlingame

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Daly City

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Foster City

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Half Moon Bay

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Hillsborough

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Millbrae

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Pacifica

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San Bruno

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San Carlos

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San Mateo

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South San Francisco

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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.

WhatToKnowAboutCredit ScoresBeforeBuyingaHome

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate. An article from US Bank explains:

“A credit score isn’t the only deciding factor on your mortgage application, but it’s a significant one. So, when you’re house shopping, it’s important to know where your credit stands and how to use it to get the best mortgage rate possible.”

That means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability. According to the Federal Reserve Bank of New York, the median credit score in the U.S. for those taking out a mortgage is 770. But that doesn’t mean your credit score has to be perfect. The same article from US Bank explains:

The Simplest Mortgage Approval Ever

The Customer-Centric Mortgage

Get instant pre-approval and FAST closing -plus a dedicated loan advisor -- for the ultimate mortgage journey.

Your

Enjoy our silky smooth platform, along with passionate, live support from your dedicated Finance Manager. Mortgage expertise at every step!

Get Fast Loan Pre-Approval

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Your personal Finance Manager is there to help!

Your Finance Manager sources a vast array of wholesale & retail lenders for your best rate.

Find A Great Rate Quickly Stop Worrying

Your Finance Manager does the heavy lifting. So you get to funding quickly & easily.

You work hard for your money.

Let our financial tools work hard for you.

We gather the largest array of wholesale & retail lenders to compete for your loan! So you get the lowest rate while we do the work.

a home should be painless. Find your financing right here!

support

Buying

Contact me, your Real Estate Expert, for

and

learn more about REMA.

Get Pre-Approved Online In Minutes without affecting your credit score! Our Fast Digital Loan Process...

Personal "Easy" button A Dedicated Loan Advisor...

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

PROTECT

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

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

Eight Colrs fo Laundry

Sage Green

View it here

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

Navy Blue

View it here

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/ Want to know how Home Concierge can help with your listing? Contact me today!

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.

HERE

CLICK HERE CLICK

for your mortgage needs for your home warranty needs

CLICK HERE CLICK HERE for your home renovation needss for your insurance needs

San Francisco County

What's in the San Francisco County data?

There were 246 single-family homes for sale, providing 1.8 months of inventory. There were 233 new listings, and 134 homes sold at a median price of $1.5m. The median overbid percentage was at 108.2%, with an average of 33 days on the market.

There were 574 condo and townhome units for sale, providing 3.8 months of inventory. There were 330 new listings and 152 units sold at a median sale price of $1.2m. The median overbid percentage was at 100%, with an average of 44 days on the market.

SFH Single-Family Homes

233 New Listings

134 Sold Listings

1.8 Months of Inventory

$1.5M

Median Sale Price

108.2%

Median Sale vs List

33 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from February 2023 to February 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

330

Condo & Townhomes

CONDO

New Listings

Months of Inventory $1.2M Median Sale Price 100% Median Sale vs List 44 Avg Days on Market

Sold Listings

3.8

152

SanFranciscoCounty

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

FEBRUARY 2023 - FEBRUARY 2024

Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 100 200 300 400 500 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 4m last February 2023, to $1 5m as of February 2024

Condos & Townhomes

The median sales price has increased from $1 2m last February 2023, to $1 22m as of February 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 30 days last February 2023, to 33 days as of February 2024

Condos & Townhomes

The average time spent on the market went down from 55 days last February 2023, to 44 days as of February 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 0% last February 2023, to 0% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last February 2023, to 0% a year later.

Back to Table of Contents Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 0 20 40 60 80 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

SanMateo County

What's in the San Mateo Cou data?

There were 353 single-family homes for sale providing 1.7 months of inventory. There we new listings, and 208 homes sold at a media price of $1.8m. The median overbid percenta was at 104 8%, with an average of 27 days o market.

There were 181 condo and townhome units sale, providing 2.2 months of inventory. Ther were 151 new listings and 83 units sold at a median sale price of $949k. The median ove percentage was at 100.7%, with an average o days on the market

He-Family Homes

342 New Listings

208 Sold Listings

1.7 Months of Inventory $1.8M

Median Sale Price

104.8%

Median Sale vs List

27 Avg Days on Market

New Listings

Months of Inventory

Median Sale Price 100.7% Median Sale vs List 38 Avg Days on Market 83 Sold Listings

151

2.2

$949K