June 2023 Market Report | Sarah Parsons by California Concierge

MARKET REPORT

SF BAY AREA AND SILICON VALLEY

Atherton

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Belmont

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Burlingame

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Foster City

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Hillsborough

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Menlo Park

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Palo Alto

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Portola Valley

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Redwood City

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San Carlos

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A local Bay Area Pioneer- Sarah is the 5th Generation in San Mateo County She began her career over 30 years ago as the owner and operator of her own real estate company Then went onto opening two Century 21 franchises, followed by opening a RE/MAX franchise.

She earned the prestigious “Centurion” and “Platinum” top producer awards. Both of these awards acknowledge Sarah’s accomplishments that lead her to ranking in the top 1% of Sales Professionals Nationwide

In addition to her vast real estate experience, and successfully closing over 575 sales in her career she also has background and experience in interior design, construction and remodeling. Sarah has built 2 custom luxury homes, as well as...

Each office is independently owned and operated ABOUT

SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor com www.sarahparsons.biz “Persistence in Spite of All Obstacles Equals Success!” Check out my website here 1430 Howard Ave , Burlingame, CA. 94010

PROUDLY

SERVING THE SF BAY AREA AND SILICON VALLEY

Client Testimonials

Sarah advised us on what truly needed to be done to get the most 'bang' for our dollar. She sold our house in 13 days, with 4 bids all over asking price. It closed in 21 days and we were super happy with her skills to accomplish this in such a short period of time Our house sold for $116,000 Over the last sale in our neighborhood, on the market for only 14 days, Closed escrow in 21 days!

- Jim & Margaret M

Thank you so much for making a 20 year dream of mine come true! When I tell people that we found our home, put in a bid and the bid was accepted (in one day)

UNDER ASKING PRICE all they could say was ”WOW, in this market, I can’t believe it. Truly I don’t think I could have done this without your support, you had some amazing tricks up your sleeve! Glad you were referred to us!”

-Laura and David

What a pleasure it has been working with you in the sale of our home. We had been listed with another brokerage with no results but were pleasantly surprised at how efficient your system was You made the entire process seem so easy compared to what we previously experienced! We thank you and your team! Please stay in touch with us.

- Stan and Eve

For more testimonials, click here

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I am dedicated to maintaining a long-term business relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen Schedule

Book a consultation here Let’s Talk Sarah Parsons (650) 898-4863 sarahparsons@realtor.com Let’s Meet 1430 Howard Ave., Burlingame, CA 94010

A Meeting Work with Sarah Parsons

I can help... Contact me for a confidential, no obligation assessment of your home's value. 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? What’s your home really worth in today’s market? SARAH PARSONS KW Peninsula Estates DRE #01312901 (650) 898-4863 sarahparsons@realtor.com 1430 Howard Ave , Burlingame, CA 94010

How Homeowners Win When They Downsize

Downsizing has long been a popular option when homeowners reach retirement age But there are plenty of other life changes that could make downsizing worthwhile Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:

“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing ”

And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.

When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:

“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller”

That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve developed a considerable amount of equity. Your home equity is an asset you can use to help you buy a home that better suits your needs today.

And when you’re ready to make a move, your team of real estate experts will be your guides through every step of the process That includes setting the right price for your house when you sell, finding the best location and size for your next home, and understanding what you can afford at today’s mortgage rate.

What This Means for You

If you’re thinking about downsizing, ask yourself these questions:

Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really need and want the space I have right now, or could somewhere smaller be a better fit?

What are my housing expenses right now, and how much do I want to try to save by downsizing?

Once you know the answers to these questions, meet with a real estate advisor to get an answer to this one: What are my options in the market right now? A local housing market professional can walk you through how much equity you have in your house and how it positions you to win when you downsize

Bottom Line

If you’re looking to save money, downsizing your home could be a great help toward your goal. Talk with a real estate agent about your goals in the housing market this year.

Source: Keeping Current Matters

Atherton

What's in the Atherton data?

There were 43 single-family homes for sale, providing the market with 26 months of inventory. There were 10 new listings added, and 6 homes sold for an average of $5.4m. The median overbid was 96.4%, with an average of 76 days spent on the market.

There is no data for condos and townhomes this month.

10 New Listings

6 Sold Listings

2.6 Months of Inventory

$5.4M Median Sale Price

96.4% Median Sale vs List

76 Avg Days on Market

This data was sourced from Broker Metrics on June 5th, 2023 and includes all single-family homes, condos, and townhomes in the California Area above from May 2022 to May 2023 This may include preliminary data, and vary from the time the data was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Advisors 4154839285 Palo Alto | DRE# 01511642 Copyright KW Advisors 2023 Each office is independently owned and operated

No data for this month

Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 n over-year. s over-year LISTINGS FOR SALE SOLD LISTINGS

Median Sales Price

Single-Family Homes

The median sales price has decreased from $79m last May 2022, to $54m as of May 2023

Condos & Townhomes

No Data For This Month

Overbids

Single-Family Homes

The overbid percentage has decreased from 98.7% last May 2022, to 96.4% a year later.

Condos & Townhomes

No Data For This Month

AVG Days On the Market

Single-Family Homes

The average time spent on the market went up from 12 days last May 2022, to 76 days as of May 2023

Condos & Townhomes

No Data For This Month.

to Table of Contents May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 100 75 50 25 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 125% 100% 75% 50% 25% 0%

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Belmo

What's in th data?

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0 New Listings 0 Month of Inventory $0 Median Sale Price 0% Median Sale vs List 11 Avg Days on Market 0 Sold Listings CONDO Condo & Townhomes

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 60 40 20 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 15 10 5 0 Belmont

MAY 2022 - MAY 2023

LISTINGS FOR SALE SOLD LISTINGS