Market report for San Francisco Bay area November 2023

Page 1

November 2023

Copyright by KW Advisors 2023


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.


Reasons To Sell Your House Before the New Year

As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year. Get One Step Ahead of Other Sellers Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and sometimes deprioritize selling their house until the start of the new year when their schedules and social calendars calm down. But that gives you an opportunity to get one step ahead. Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition. Start the process with a real estate agent today so you can get your house on the market before your neighbors do.


Get Your House in Front of Eager Buyers Even though the supply of homes for sale did grow compared to last year, it’s still low. That means there aren’t enough homes on the market today. While some buyers may also delay their plans to move until January, others will still need to move for personal reasons or because something in their life has changed. Those buyers are still going to be active later this year and will be seriously motivated to make their move happen because they need to. Unfortunately, the challenge they’ll face is a shortage of available inventory to meet their needs. A recent article from Investopedia says: “. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.” Use Your Equity To Fuel Your Move Keep in mind that homeowners today have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $290,000. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams. And as you weigh the reasons to sell before year-end, it’s important to remember the reasons that sparked your desire to move in the first place. Maybe it’s time for a new home in a location that suits you better, one that offers the perfect space for you and your loved ones, or maybe your needs have evolved over time. A local real estate agent can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.

Source: Keeping Current Matters



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F FIVE Designer E Tips T Will dark cabinets make a kitchen too dark?

on making moody shades work


Five Designe Tips Keep the rest of your kitchen space light and bright

Kitchens with ample natural light are more suitable for dark cabinet colors. If your kitchen lacks this, don't avoid dark colors entirely. Instead, focus on adding light elements elsewhere.

Strike the right balance with lightning

Achieving balance in room design is essential, especially when combining strikingly colored cabinets with a mix of

Consider the size of your space

In a spacious, well-lit kitchen, dark cabinets add

Favor glass and reflective surfaces

Opt for glass-fronted cabinets and reflective finishes to

Adorn the space thoughtfully to lighten the finish

In Kitchens with bold cabinet finishes, decor plays a crucial

well-considered kitchen lighting.

sophistication and coziness without crowding the space. Yet, in a smaller kitchen, they can absorb light and create a cramped feel.

brighten up the space effectively.

role. Open shelving and glass cabinet doors to break the visual heaviness of dark cabinets and create contrast with lighter-colored items.

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

Source : https://www.homesandgardens.com/kitchens/will-dark-cabinets-make-a-kitchen-feel-too-dark


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Alameda What's in the Alameda data? There were 1706 single-family homes for sale, providing 1.4 months of inventory. There were 749 new listings, and 597 homes sold at a median price of $1.2m. The median overbid percentage was at 106.9%, with an average of 21 days on the market. There were 733 condo and townhome units for sale, providing 2.7 months of inventory. There were 248 new listings and 194 units sold at a median sale price of $715k. The median overbid percentage was at 102.2%, with an average of 27 days on the market.


SFH

Single-Family Homes

749

597

New Listings

Sold Listings

1.4

$1.2M

Months of Inventory

Median Sale Price

106.9% 21 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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

248

194

New Listings

Sold Listings

2.7

$715K

Months of Inventory

Median Sale Price

102.2%

27

Median Sale vs List

Avg Days on Market


Alameda County OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

2,500

2,000

1,500

1,000

500

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

800

600

400

200

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$1,500,000

Single-Family Homes

$1,000,000

The median sales price has increased from $1.21m last October 2022, to $1.24m as of October 2023.

$500,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has increased from $705k last October 2022, to $715k as of October 2023.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went down from 28 days last October 2022, to 21 days as of October 2023.

20

10

Condos & Townhomes

Back to Table of Contents

O ct 20 23

20 23

20 23 20 23

Au g

Se p

Ju l2 02 3

Ju n

20 23

20 23

M ay

20 22

40% 20%

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

M ar 20 23

20 23

Fe b

Ap r2 02 3

0% Ja n

The overbid percentage has increased from 97.5% last October 2022, to 102.2% a year later.

60%

De c

Condos & Townhomes

80%

20 22

The overbid percentage has increased from 101.1% last October 2022, to 106.9% a year later.

100%

N ov

Single-Family Homes

The average time spent on the market went down from 36 days last October 2022, to 27 days as of October 2023.

120%

O ct 20 22

Overbids

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0



Contra Costa What's in the Contra Costa data? There were 969 single-family homes for sale, providing 1.6 months of inventory. There were 718 new listings, and 610 homes sold at a median price of $814k. The median overbid percentage was at 100.1%, with an average of 25 days on the market. There were 368 condo and townhome units for sale, providing 2.1 months of inventory. There were 239 new listings and 174 units sold at a median sale price of $552k The median overbid percentage was at 100%, with an average of 27 days on the market.


SFH

Single-Family Homes

718

610

New Listings

Sold Listings

1.6

$814K

Months of Inventory

Median Sale Price

100.1% 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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

239

174

New Listings

Sold Listings

2.1

$552K

Months of Inventory

Median Sale Price

100%

27

Median Sale vs List

Avg Days on Market


Contra Costa OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

2,000

1,500

1,000

500

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

300

200

100

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$1,000,000

$750,000

Single-Family Homes The median sales price has decreased from $840k last October 2022, to $814k as of October 2023.

$500,000

$250,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has decreased from $617k last October 2022, to $552k as of October 2023.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went down from 33 days last October 2022, to 25 days as of October 2023.

20

10

Condos & Townhomes

Back to Table of Contents

O ct 20 23

20 23

20 23 20 23

Au g

Se p

Ju l2 02 3

Ju n

20 23

20 23

60% 40% 20%

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

M ar 20 23

20 23

Fe b

Ja n

0% N ov

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

20 22

Condos & Townhomes

80%

De c

The overbid percentage has increased from 99.6% last October 2022, to 100.1% a year later.

100%

20 22

Single-Family Homes

The average time spent on the market went up from 26 days last October 2022, to 27 days as of October 2023.

120%

O ct 20 22

Overbids

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0



Napa County What's in the Napa County data? There were 278 single-family homes for sale, providing 3.9 months of inventory. There were 50 new listings, and 83 homes sold at a median price of $1m. The median overbid percentage was at 100%, with an average of 54 days on the market. There were 33 condo and townhome units for sale, providing 3.6 months of inventory. There were 16 new listings and 11 units sold at a median sale price of $736k. The median overbid percentage was at 97.5%, with an average of 46 days on the market.


SFH

Single-Family Homes

50

83

New Listings

Sold Listings

3.9

$1M

Months of Inventory

Median Sale Price

100%

54

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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

16

11

New Listings

Sold Listings

3.6

$736K

Months of Inventory

Median Sale Price

97.5%

46

Median Sale vs List

Avg Days on Market


Napa OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

400

300

200

100

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

Single-Family Homes Last 12 months, year-over-year. 35 30 25 20 15 10 5 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$1,250,000

$1,000,000

Single-Family Homes

$750,000

The median sales price has increased from $975k last October 2022, to $1m as of October 2023.

$500,000

$250,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has increased from $599k last October 2022, to $736k as of October 2023.

AVG Days On the Market

80

60

Single-Family Homes The average time spent on the market went up from 50 days last October 2022, to 54 days as of October 2023.

40

20

Condos & Townhomes

Back to Table of Contents

O ct 20 23

20 23

20 23 20 23

Au g

Se p

Ju l2 02 3

Ju n

20 23

20 23

M ay

20 22

40% 20%

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

M ar 20 23

20 23

Fe b

Ap r2 02 3

0% Ja n

The overbid percentage has increased from 97% last October 2022, to 97.5% a year later.

60%

De c

Condos & Townhomes

80%

20 22

The overbid percentage has increased from 99.1% last October 2022, to 100% a year later.

100%

N ov

Single-Family Homes

The average time spent on the market went up from 44 days last October 2022, to 46 days as of October 2023.

120%

O ct 20 22

Overbids

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0



San Francisco County What's in the San Francisco County data? There were 414 single-family homes for sale, providing 2.6 months of inventory. There were 240 new listings, and 195 homes sold at a median price of $1.6m. The median overbid percentage was at 105.4%, with an average of 23 days on the market. There were 776 condo and townhome units for sale, providing 4.8 months of inventory. There were 257 new listings and 159 units sold at a median sale price of $1.1m. The median overbid percentage was at 99.1%, with an average of 47 days on the market.


SFH

Single-Family Homes

240

195

New Listings

Sold Listings

2.6

$1.6M

Months of Inventory

Median Sale Price

105.4% 23 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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

257

159

New Listings

Sold Listings

4.8

$1.1M

Months of Inventory

Median Sale Price

99.1%

47

Median Sale vs List

Avg Days on Market


San Francisco County OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

500

400

300

200

100

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

800

600

400

200

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has $1,000,000 decreased from $1.67m last October 2022, to $1.65m as of October 2023. $500,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has decreased from $1.2m last October 2022, to $1.1m as of October 2023.

AVG Days On the Market

100

75

Single-Family Homes The average time spent on the market went down from 28 days last October 2022, to 23 days as of October 2023.

50

25

Condos & Townhomes O ct 20 23

The average time spent on the market went up from 44 days last October 2022, to 47 days as of October 2023.

Se p

20 23

20 23

Au g

Ju n

20 23

20 23

M ay

20 23

The overbid percentage has stayed at 105.4% last October 2022, to 105.4% a year later.

Ju l2 02 3

Single-Family Homes

20 22

Overbids

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0

120% 100% 80% 60% 40%

Back to Table of Contents

20%

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

M ar 20 23

20 23

Fe b

Ja n

De c

20 22

0% N ov

The overbid percentage has decreased from 100% last October 2022, to 99.1% a year later.

O ct 20 22

Condos & Townhomes



San Mateo County What's in the San Mateo County data? There were 523 single-family homes for sale, providing 1.9 months of inventory. There were 360 new listings, and 296 homes sold at a median price of $1.9m. The median overbid percentage was at 101.4%, with an average of 22 days on the market. There were 206 condo and townhome units for sale, providing 2.5 months of inventory. There were 96 new listings and 82 units sold at a median sale price of $910k. The median overbid percentage was at 100%, with an average of 42 days on the market.


SFH

Single-Family Homes

360

296

New Listings

Sold Listings

1.9

$1.9M

Months of Inventory

Median Sale Price

101.4% 22 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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

96

82

New Listings

Sold Listings

2.5

$910K

Months of Inventory

Median Sale Price

100%

42

Median Sale vs List

Avg Days on Market


San Mateo County OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

700 600 500 400 300 200 100 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

200

150

100

50

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.8m last October 2022, to $1.9m as of October 2023.

$1,000,000

$500,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has decreased from $921k last October 2022, to $910k as of October 2023.

AVG Days On the Market

60

40

Single-Family Homes The average time spent on the market went down from 28 days last October 2022, to 22 days as of October 2023.

20

Condos & Townhomes

Back to Table of Contents

O ct 20 23

Se p

20 23

20 23 20 23

Au g

Ju l2 02 3

Ju n

20 23

20 23

M ay

20 22

40% 20%

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

M ar 20 23

20 23

Fe b

Ap r2 02 3

0% Ja n

The overbid percentage has increased from 99.3% last October 2022, to 100% a year later.

60%

De c

Condos & Townhomes

80%

20 22

The overbid percentage has increased from 100% last October 2022, to 101.4% a year later.

100%

N ov

Single-Family Homes

The average time spent on the market went up from 33 days last October 2022, to 42 days as of October 2023.

120%

O ct 20 22

Overbids

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0



Santa Clara County What's in the Santa Clara County data? There were 691 single-family homes for sale, providing 1.2 months of inventory. There were 685 new listings, and 639 homes sold at a median price of $1.8m. The median overbid percentage was at 103.5%, with an average of 19 days on the market. There were 413 condo and townhome units for sale, providing 1.6 months of inventory. There were 354 new listings and 264 units sold at a median sale price of $984k. The median overbid percentage was at 101.1%, with an average of 19 days on the market.


SFH

Single-Family Homes

685

639

New Listings

Sold Listings

1.2

$1.8M

Months of Inventory

Median Sale Price

103.5% 19 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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

354

264

New Listings

Sold Listings

1.6

$984K

Months of Inventory

Median Sale Price

101.1%

19

Median Sale vs List

Avg Days on Market


Santa Clara County OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

1,200 1,000 800 600 400 200 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

Single-Family Homes Last 12 months, year-over-year. 600 500 400 300 200 100 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.5m last October 2022, to $1.8m as of October 2023.

$1,000,000

$500,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has increased from $893k last October 2022, to $984k as of October 2023.

AVG Days On the Market

40

30

Single-Family Homes The average time spent on the market went down from 28 days last October 2022, to 19 days as of October 2023.

20

10

Condos & Townhomes

Back to Table of Contents

O ct 20 23

20 23

20 23 20 23

Au g

Se p

Ju l2 02 3

Ju n

20 23

20 23

M ay

20 22

40% 20%

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

20 23 Ju n

20 23

M ay

M ar 20 23

20 23

Fe b

Ap r2 02 3

0% Ja n

The overbid percentage has increased from 100% last October 2022, to 101.1% a year later.

60%

De c

Condos & Townhomes

80%

20 22

The overbid percentage has increased from 99.4% last October 2022, to 103.5% a year later.

100%

N ov

Single-Family Homes

The average time spent on the market went down from 27 days last October 2022, to 19 days as of October 2023.

120%

O ct 20 22

Overbids

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0



Solano County What's in the Solano County data? There were 535 single-family homes for sale, providing 1.8 months of inventory. There were 297 new listings, and 255 homes sold at a median price of $615k. The median overbid percentage was at 100%, with an average of 36 days on the market. There were 56 condo and townhome units for sale, providing 2.3 months of inventory. There were 29 new listings and 24 units sold at a median sale price of $361k. The median overbid percentage was at 100%, with an average of 31 days on the market.


SFH

Single-Family Homes

297

255

New Listings

Sold Listings

1.8

$615K

Months of Inventory

Median Sale Price

100%

36

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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

29

24

New Listings

Sold Listings

2.3

$361K

Months of Inventory

Median Sale Price

100%

31

Median Sale vs List

Avg Days on Market


Solano OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

1,000

800

600

400

200

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

Single-Family Homes Last 12 months, year-over-year. 70 60 50 40 30 20 10 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$750,000

$500,000

Single-Family Homes The median sales price has increased from $585k last October 2022, to $615k as of October 2023.

$250,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has increased from $350k last October 2022, to $361k as of October 2023.

AVG Days On the Market

75

50

Single-Family Homes The average time spent on the market went down from 45 days last October 2022, to 36 days as of October 2023.

25

Condos & Townhomes O ct 20 23

The average time spent on the market went down from 45 days last October 2022, to 31 days as of October 2023.

20 23

Se p

20 23

Au g

Ju n

20 23

20 23

20 23

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

Ju l2 02 3

Single-Family Homes

20 22

Overbids

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0

120% 100% 80% 60% 40% 20%

Back to Table of Contents

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

M ar 20 23

20 23

Fe b

Ja n

De c

20 22

0% N ov

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

O ct 20 22

Condos & Townhomes



Sonoma County What's in the Sonoma data? There were 687 single-family homes for sale, providing 2.4 months of inventory. There were 220 new listings, and 301 homes sold at a median price of $850k. The median overbid percentage was at 100%, with an average of 52 days on the market. There were 61 condo and townhome units for sale, providing 1.7 months of inventory. There were 25 new listings and 40 units sold at a median sale price of $511k. The median overbid percentage was at 100%, with an average of 36 days on the market.


SFH

Single-Family Homes

220

301

New Listings

Sold Listings

2.4

$850K

Months of Inventory

Median Sale Price

100%

52

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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

25

40

New Listings

Sold Listings

1.7

$511K

Months of Inventory

Median Sale Price

100%

36

Median Sale vs List

Avg Days on Market


Sonoma OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

1,200 1,000 800 600 400 200 0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

80

60

40

20

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$1,000,000

$750,000

Single-Family Homes The median sales price has increased from $796k last October 2022, to $850k as of October 2023.

$500,000

$250,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has increased from $437k last October 2022, to $511k as of October 2023.

AVG Days On the Market

75

50

Single-Family Homes The average time spent on the market went up from 43 days last October 2022, to 52 days as of October 2023.

25

Condos & Townhomes O ct 20 23

The average time spent on the market went down from 37 days last October 2022, to 36 days as of October 2023.

20 23

Se p

20 23

Au g

Ju n

20 23

20 23

20 23

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

Ju l2 02 3

Single-Family Homes

20 22

Overbids

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0

120% 100% 80% 60% 40% 20%

Back to Table of Contents

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

M ar 20 23

20 23

Fe b

Ja n

De c

20 22

0% N ov

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

O ct 20 22

Condos & Townhomes



Southern/ Central Marin What's in the Marin data? There were 273 single-family homes for sale, providing 2 months of inventory. There were 87 new listings, and 160 homes sold at a median price of $1.7m. The median overbid percentage was at 100%, with an average of 29 days on the market. There were 127 condo and townhome units for sale, providing 2.7 months of inventory. There were 45 new listings and 55 units sold at a median sale price of $795k. The median overbid percentage was at 100%, with an average of 58 days on the market.


SFH

Single-Family Homes

87

160

New Listings

Sold Listings

2

$1.7M

Months of Inventory

Median Sale Price

100%

29

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 October 2022 to October 2023. 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 2023. Each office is independently owned and operated.


CONDO

Condo & Townhomes

45

55

New Listings

Sold Listings

2.7

$795K

Months of Inventory

Median Sale Price

100%

58

Median Sale vs List

Avg Days on Market


S/C Marin OCTOBER 2022 - OCTOBER 2023

L I S T INGS FOR S A L E

S O L D LISTINGS

500

400

300

200

100

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023

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

150

100

50

0

Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

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

Jul 2023 Aug 2023 Sep 2023 Oct 2023


Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has $1,000,000 increased from $1.71m last October 2022, to $1.75m as of October 2023. $500,000

Condos & Townhomes O ct 20 23

20 23

Se p

Au g

20 23

Ju l2 02 3

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

20 23

M ar 20 23

Ja n

Fe b

20 23

20 22

De c

N ov

O ct 20 22

20 22

$0

The median sales price has decreased from $810k last October 2022, to $795k as of October 2023.

AVG Days On the Market

75

50

Single-Family Homes The average time spent on the market stayed at 29 days last October 2022, to 29 days as of October 2023.

25

Condos & Townhomes O ct 20 23

The average time spent on the market went up from 55 days last October 2022, to 58 days as of October 2023.

Se p

20 23

20 23

Au g

Ju n

20 23

20 23

20 23

The overbid percentage has stayed at 100% last October 2022, to 100% a year later.

Ju l2 02 3

Single-Family Homes

20 22

Overbids

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

20 23 Ja n

20 22

De c

20 22

N ov

O ct 20 22

0

120% 100% 80% 60% 40%

Back to Table of Contents

20%

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

M ar 20 23

20 23

Fe b

Ja n

De c

20 22

0% N ov

The overbid percentage has decreased from 100% last October 2022, to 99.8% a year later.

O ct 20 22

Condos & Townhomes



San Francisco 1624 California Street, San Francisco, CA 94109 2207 Lombard Street, San Francisco, CA 94123

Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010

Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301

Napa Valley 951 California Boulevard, Napa, CA 94559

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