Copyright by KW Advisors 2024 April 2024
Peninsula Estates
Alameda County
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San Mateo County
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?
Contact me for a confidential, no obligation assessment of your home's value.
Icanhelp...
WhyOverpricingYourHouse CanCostYou
If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s market because there are so few homes for sale right now. And historically, this is the time of year when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.
But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price. That’s because pricing your house too high may actually cost you in the long run.
The Downside of Overpricing Your House
The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away.
MLS Listings Inc, includes all single-family homes, condos and California Area from March 2023 to March 2024. This may include may vary from the time the data was gathered. All data is deemed ed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated. amily Homes ntory $1.4M Median Sale Price 3% s List 587 Sold Listings 19 Avg Days on Market
CON Condo & To 370 New Listings 2 Months of Inventory $ M 103.8% Median Sale vs List Av
ounty , y y SOLD LISTINGS 0 200 400 600 800 1000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 100 200 300 400 500 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
Median SalesPrice
Single-Family Homes
The median sale price has increased from $1 2m last March 2023, to $1 4m as of March 2024
Condos & Townhomes
The median sale price has decreased from $775k last March 2023, to $770k as of March 2024
AVGDays OntheMarket
Single-Family Homes
The average time spent on the market went down from 25 days last March 2023, to 19 days as of March 2024
Condos & Townhomes
The average time spent on the market went down from 27 days in March 2023, to 19 days as of March 2024.
Overbids
Single-Family Homes
The overbid percentage has increased from 106 8% last March 2023, to 109 3% a year later
Condos & Townhomes
The overbid percentage has increased from 101.6% last March 2023, to 103.8% a year later.
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$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 0 10 20 30 40 50 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024
1430 Howard Avenue, Burlingame, CA 94010 KellerWilliamsPeninsulaEstates Martin Santiago Broker Associate DRE #01930626 (415) 850-7704 brokermartinsantiago@gmail.com www.brokermartinsantiago.com TOP 10% in San Mateo County per MLS Sales Report