Market report for Peninsula Estates area October 2023 by California Concierge

October 2023 Copyright by KW Advisors 2023

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.

UnderstandingtheBenefitsof OwningYourFirstHome

Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup:

“When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart financial investment was the main motivator for 72% of respondents.”

While that survey looked specifically at first-time homebuyers buying newly built homes, the same sentiment is true for just about anyone buying their first home. Here’s a bit more information to help you think about those two benefits of homeownership to see if they’re a key factor for you, too.

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WHY YOU NEED A HOME WARRANTY

There are many compelling reasons to join American Home Shield. Simply put — a home warranty protects your budget and provides peace of mind.

HOME WARRANTY BENEFITS

Here are just a few of the advantages of having coverage:

Budget protection when systems and appliances like your A/C and fridge inevitably stop working.

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Considering living in your house during a remodel?

FOUR Essential Tips

Opting to stay in your home during a remodel can feel like a stressful and cramped arrangement. It can be frustrating to live amidst subcontractors coming and going, noise levels, dust and debris, and rotating schedules.

If you ’ re considering staying in your home during a remodel, we have a handful of tips that will help you master your planning (and muster your patience):

F E T

Protect kids, elderly, and pets

Be sure to contain and clean the areas that you will be using to ensure that your children, seniors, and pets are out of harm's way and breathing clean air

Move any food, supplies, and belongings

Identifying essential items that you’ll need throughout the project and moving them to a room that will remain utilized throughout the process. Organize boxes of items by category so that they’re easy to locate and keep tidy.

Designate your work, living, and play areas

Get a kitchen and bathroom strategy in place

Temporary barriers, substitute facilities, and alternate routes can be set up to help keep you and your family clear of dust, noise, and any dangers from the active worksite. Strategize renovating one bathroom at a time so others can stay in use throughout the process. Planning a daily schedule helps everyone get their needs met without creating a traffic jam and thereby minimize stress.

Four Essentia Tips!

Want

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BroughtToYouBy: Click here for your mortgage needs Click here for your home warranty needs

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137 Sold Listings

$1.5M

28 Avg Days on Market

MLS Listings Inc, includes all single-family homes, condos and California Area from September 2022 to September 2023. This may data, and may vary from the time the data was gathered. All data is guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula San Mateo 2023. Each office is independently owned and

ntory

Median Sale Price

1% s List

amily Homes

475 New Listings

5.3 Months of Inventory

$ M

98.9% Median Sale vs List Av

CON Condo & To

SEPTEMBER 2022 - SEPTEMBER 2023

Last 12 months, year-over-year.

Last 12 months, year-over-year

coCounty

Single-Family Homes

& Townhomes

Condos

Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 600 400 200 0 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 1000 750 500 250 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last September 2022, to $1 5m as of September 2023

Condos & Townhomes

The median sales price has decreased from $1 2m last September 2022, to $1 1m as of September 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 108 4% last September 2022, to 107 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.7% last September 2022, to 98.9% a year later.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 27 days last September 2022, to 28 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 54 days in September 2022, to 53 days as of September 2023.

Back to Table of Contents Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 80 60 40 20 0 Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 125% 100% 75% 50% 25% 0%

SanMateo County

What's in the San Mateo County data?

There were 587 single-family homes for sale, providing 2 months of inventory. There were 531 new listings, and 299 homes sold at a median price of $1.8m. The median overbid percentage was 103 4%, with an average of 25 days on the market.

There were 223 condo and townhome units for sale, providing 2.6 months of inventory. There were 144 new listings and 86 units sold at a median price of $902k. The median overbid percentage was 100.6%, with an average of 35 days on the market

SFH Single-Family Homes

531 New Listings

299 Sold Listings

2 Months of Inventory

$1.8M Median Sale Price

103.4% Median Sale vs List

25 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2022 to September 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# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2023. Each office is independently owned and operated.

CONDO

Condo & Townhomes

144 New Listings

86 Sold Listings

2.6 Months of Inventory

$902K Median Sale Price

100.6% Median Sale vs List

35 Avg Days on Market

SanMateoCounty

SEPTEMBER 2022 - SEPTEMBER 2023

Last 12 months, year-over-year.

Last 12 months, year-over-year

Single-Family Homes

& Townhomes

Condos

Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2022 750 500 250 0 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2022 300 200 100 0 LISTINGS FOR SALE SOLD LISTINGS