The Cunningham Group - February 2024 Market Report | Peninsula Estates

February 2024

Copyright by KW Advisors 2024

Peninsula Estates

San Francisco County

Foster City

Jump to San Francisco County Report

Jump to Foster City Report

San Mateo County

Half Moon Bay

Jump to San Mateo County Report

Jump to Half Moon Bay Report

Belmont

Hillsborough

Jump to Belmont Report

Jump to Hillsborough Report

Burlingame

Millbrae

Jump to Burlingame Report

Jump to Millbrae Report

Daly City

Pacifica

Jump to Daly City Report

Jump to Pacifica Report

San Bruno Jump to San Bruno Report

San Carlos Jump to San Carlos Report

San Mateo Jump to San Mateo Report

South San Francisco Jump to South San Francisco 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.

Why Having Your Own Agent Matters When Buying a New Construction Home

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal.

That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you.

But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says: “Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Here’s how having your own agent is key when you build or buy a new construction home.

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Buying a home should be painless.

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Contact me, your Real Estate Expert, for support and to learn more about REMA.

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WHAT ARE PREPAID COSTS WHEN BUYING A HOME?

Embarking on the journey of homeownership brings both excitement and unexpected costs. Closing fees, down payments, and more can catch you off guard.

American Home Shield is here to break down the upfront expenses and help you navigate the homebuying process confidently.

What are prepaid costs when buying a home?

Unraveling the mystery of prepaid costs in home buying! These serve as a safety net for lenders, covering taxes, interest, and insurance. Here's a breakdown:

1 2

3

4

Prepaid interest on a mortgage: Pay interest from closing to month-end. Opt for a month-end closing to minimize this cost.

Prepaid property taxes at closing: Sellers settle their owed taxes at closing, and you prepay from your escrow account.

Prepaid homeowners insurance at closing: Cover one year in advance, ensuring your lender that potential damages will be addressed.

Initial escrow payment at closing: Acts as a deposit (earnest money) for future insurance or tax payments, showing commitment to the purchase.

While it might seem complex, prepaid costs are expenses you'd pay anyhow. They ease the burden on buyers by handling crucial payments, streamlining the process and leaving you with fewer tasks on your homeowner checklist

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

Looking to lighten the mood in your laundry room?

EIGHT EYECATCHING Laundry Room Colors To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Eight Colrs fo Laundry Tranquil Blue View it here

Sage Green 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 low-

commitment update—easy to change and customize, ensuring lasting satisfaction with your design choice.

White

Create an elegant laundry room with Chantilly Lace by Benjamin Moore. The classic

Yellow

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn

View it here

View it here

Gray

View it here

Dusty Pink View it here

Navy Blue View it here

Purple

View it here

white choice adds sophistication, opens up the space, and simplifies stain detection.

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.

Want to know how Home Concierge can help with your listing?

Contact me today!

CLICK HERE TO LEARN MORE

Source : https://www.familyhandyman.com/list/laundry-room-colors/

VENDOR DIRECTORY When it comes to homeownership, 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.

CLICK HERE for your mortgage needs

CLICK HERE for your home warranty needs

CLICK HERE for your home renovation needss

CLICK HERE for your insurance needs

San Francisco County What's in the San Francisco County data?

There were 198 single-family homes for sale, providing 2.2 months of inventory. There were 193 new listings, and 90 homes sold at a median price of $1.5m. The median overbid percentage was at 104.7%, with an average of 53 days on the market.

There were 497 condo and townhome units for sale, providing 5.5 months of inventory. There were 309 new listings and 91 units sold at a median sale price of $1.1m. The median overbid percentage was at 96.9%, with an average of 73 days on the market.

SFH

Single-Family Homes

193

90

New Listings

Sold Listings

2.2

$1.5M

Months of Inventory

Median Sale Price

104.7% 53 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

309

91

New Listings

Sold Listings

5.5

$1.1M

Months of Inventory

Median Sale Price

96.9%

73

Median Sale vs List

Avg Days on Market

San Francisco County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

500

400

300

200

100

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

1,000

800

600

400

200

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.3m last January 2023, to $1.5m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $1m last January 2023, to $1.1m as of January 2024.

AVG Days On the Market

80

60

Single-Family Homes The average time spent on the market went up from 46 days last January 2023, to 53 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has decreased from 97.7% last January 2023, to 96.9% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 103.1% last January 2023, to 104.7% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 79 days in January 2023, to 73 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

San Mateo County What's in the San Mateo County data?

There were 334 single-family homes for sale, providing 2.4 months of inventory. There were 319 new listings, and 141 homes sold at a median price of $1.8m. The median overbid percentage was at 100%, with an average of 39 days on the market.

There were 147 condo and townhome units for sale, providing 2.5 months of inventory. There were 115 new listings and 60 units sold at a median sale price of $772k. The median overbid percentage was at 98.6%, with an average of 61 days on the market.

SFH

Single-Family Homes

319

141

New Listings

Sold Listings

2.4

$1.8M

Months of Inventory

Median Sale Price

100%

39

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

115

60

New Listings

Sold Listings

2.5

$772K

Months of Inventory

Median Sale Price

98.6%

61

Median Sale vs List

Avg Days on Market

San Mateo County JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

600 500 400 300 200 100 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

250

200

150

100

50

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.4m last January 2023, to $1.8m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $860k last January 2023, to $772k as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went down from 40 days last January 2023, to 39 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has increased from 98.5% last January 2023, to 98.6% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 98% last January 2023, to 100% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 50 days in January 2023, to 61 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Belmont What's in the Belmont data?

There were 8 single-family homes for sale, providing 1.1 months of inventory. There were 12 new listings, and 7 homes sold at a median price of $1.9m. The median overbid percentage was at 101.4%, with an average of 13 days on the market.

There were 3 condo and townhome units for sale, providing 1.5 months of inventory. There were 4 new listings and 2 units sold at a median sale price of $623k. The median overbid percentage was at 95.4%, with an average of 133 days on the market.

SFH

Single-Family Homes

12

7

New Listings

Sold Listings

1.1

$1.9M

Months of Inventory

Median Sale Price

101.4% 13 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

4

2

New Listings

Sold Listings

1.5

$623K

Months of Inventory

Median Sale Price

95.4%

133

Median Sale vs List

Avg Days on Market

Belmont JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

4

3

2

1

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has decreased from $2m last January 2023, to $1.9m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $972k last January 2023, to $623k as of January 2024.

AVG Days On the Market

140 120 100

Single-Family Homes

80

The average time spent on the market went down from 41 days last January 2023, to 13 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has increased from 93.8% last January 2023, to 95.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 96.1% last January 2023, to 101.4% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 66 days in January 2023, to 133 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Burlingame What's in the Burlingame data?

There were 10 single-family homes for sale, providing 1.7 months of inventory. There were 8 new listings, and 6 homes sold at a median price of $2.6m. The median overbid percentage was at 101.4%, with an average of 28 days on the market.

There were 3 condo and townhome units for sale, providing 3 months of inventory. There were 2 new listings and 1 unit sold at a median sale price of $1m. The median overbid percentage was at 96.4%, with an average of 18 days on the market.

SFH

Single-Family Homes

8

6

New Listings

Sold Listings

1.7

$2.6M

Months of Inventory

Median Sale Price

101.4% 28 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

2

1

New Listings

Sold Listing

3

$1M

Months of Inventory

Median Sale Price

96.4%

18

Median Sale vs List

Avg Days on Market

Burlingame JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

35 30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

8

6

4

2

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$3,000,000 $2,500,000 $2,000,000

Single-Family Homes The median sales price has increased from $2.4m last January 2023, to $2.6m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $0 last January 2023, to $1m as of January 2024.

AVG Days On the Market

70 60 50

Single-Family Homes

40

The average time spent on the market went down from 64 days last January 2023, to 28 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has increased from 0% last January 2023, to 96.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 96.9% last January 2023, to 101.4% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 0 days in January 2023, to 18 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Daly City What's in the Daly City data?

There were 18 single-family homes for sale, providing 1.5 months of inventory. There were 29 new listings, and 12 homes sold at a median price of $1.7m. The median overbid percentage was at 98.5%, with an average of 34 days on the market.

There were 12 condo and townhome units for sale, providing 1.7 months of inventory. There were 16 new listings and 7 units sold at a median sale price of $660k. The median overbid percentage was at 99%, with an average of 44 days on the market.

SFH

Single-Family Homes

29

12

New Listings

Sold Listings

1.5

$1.17M

Months of Inventory

Median Sale Price

98.5%

34

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

16

7

New Listings

Sold Listings

1.7

$660K

Months of Inventory

Median Sale Price

99%

44

Median Sale vs List

Avg Days on Market

Daly City JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$1,400,000 $1,200,000 $1,000,000

Single-Family Homes The median sales price has increased from $1.15m last January 2023, to $1.17m as of January 2024.

$800,000 $600,000 $400,000 $200,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $800k last January 2023, to $660k as of January 2024.

AVG Days On the Market

60 50 40

Single-Family Homes The average time spent on the market went down from 46 days last January 2023, to 34 days as of January 2024.

30 20 10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has decreased from 101.7% last January 2023, to 99% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 100% last January 2023, to 98.5% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 57 days in January 2023, to 44 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Foster City What's in the Foster City data?

There were 3 single-family homes for sale, providing 0.8 months of inventory. There were 4 new listings, and 4 homes sold at a median price of $2.2m. The median overbid percentage was at 102.8%, with an average of 30 days on the market.

There were 10 condo and townhome units for sale, providing 2.5 months of inventory. There were 10 new listings and 4 units sold at a median sale price of $1.2m. The median overbid percentage was at 107.5%, with an average of 21 days on the market.

SFH

Single-Family Homes

4

4

New Listings

Sold Listings

0.8

$2.2M

Months of Inventory

Median Sale Price

102.8% 30 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

10

4

New Listings

Sold Listings

2.5

$1.2M

Months of Inventory

Median Sale Price

107.5%

21

Median Sale vs List

Avg Days on Market

Foster City JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

14 12 10 8 6 4 2 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$3,000,000 $2,500,000 $2,000,000

Single-Family Homes The median sales price has increased from $1.8m last January 2023, to $2.2m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $1.3m last January 2023, to $1.2m as of January 2024.

AVG Days On the Market

50

40

Single-Family Homes

30

The average time spent on the market went up from 28 days last January 2023, to 30 days as of January 2024.

20

10

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has increased from 97% last January 2023, to 107.5% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 100.3% last January 2023, to 102.8% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 27 days in January 2023, to 21 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Half Moon Bay What's in the Half Moon Bay data?

There were 19 single-family homes for sale, providing 9.5 months of inventory. There were 6 new listings, and 2 homes sold at a median price of $1.3m. The median overbid percentage was at 93.3%, with an average of 89 days on the market.

There were 3 condo and townhome units for sale, providing 1 month of inventory. There were 2 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market.

SFH

Single-Family Homes

6

2

New Listings

Sold Listings

9.5

$1.3M

Months of Inventory

Median Sale Price

93.3%

89

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

2

0

New Listings

Sold Listings

1

$0

Month of Inventory

Median Sale Price

0%

0

Median Sale vs List

Avg Days on Market

Half Moon Bay JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

4

3

2

1

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$3,000,000 $2,500,000 $2,000,000

Single-Family Homes The median sales price has decreased from $1.5m last January 2023, to $1.3m as of January 2024.

$1,500,000 $1,000,000 $500,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $865k last January 2023, to $0 as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went up from 39 days last January 2023, to 89 days as of January 2024.

40

20

Condos & Townhomes

Overbids

20 24

The average time spent on the market went down from 40 days in January 2023, to 0 days as of January 2024.

Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

140% 120%

Single-Family Homes The overbid percentage has decreased from 98.3% last January 2023, to 93.3% a year later.

100% 80% 60% 40%

Back to Table of Contents

20%

20 24 Ja n

20 23

De c

20 23

N ov

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%

20 23

The overbid percentage has decreased from 98.4% last January 2023, to 0% a year later.

Ja n

Condos & Townhomes

Hillsborough What's in the Hillsborough data?

There were 16 single-family homes for sale, providing 1.2 months of inventory. There were 9 new listings, and 13 homes sold at a median price of $4.2m. The median overbid percentage was at 99.3%, with an average of 70 days on the market.

There was no data for condo and townhouse units this month.

SFH

Single-Family Homes

9

13

New Listings

Sold Listings

1.2

$4.2M

Months of Inventory

Median Sale Price

99.3%

70

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

No data for this month.

Hillsborough JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

No data for this month.

100

80

60

40

20

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$7,000,000 $6,000,000 $5,000,000

Single-Family Homes

$4,000,000

The median sales price has decreased from $4.3m last January 2023, to $4.2m as of January 2024.

$3,000,000 $2,000,000 $1,000,000

Condos & Townhomes

20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

No data for this month.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 37 days last January 2023, to 70 days as of January 2024.

60 40 20

Condos & Townhomes 0

Overbids Single-Family Homes The overbid percentage has increased from 95.8% last January 2023, to 99.3% a year later.

Condos & Townhomes No data for this month.

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

No data for this month.

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

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

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

20 23

0%

Millbrae What's in the Millbrae data?

There were 8 single-family homes for sale, providing 1.6 months of inventory. There were 13 new listings, and 5 homes sold at a median price of $1.6m. The median overbid percentage was at 102.7%, with an average of 35 days on the market.

There were 3 condo and townhome units for sale, providing 1.5 months of inventory. There was 1 new listing and 2 units sold at a median sale price of $865k. The median overbid percentage was at 96.8%, with an average of 13 days on the market.

SFH

Single-Family Homes

13

5

New Listings

Sold Listings

1.6

$1.6M

Months of Inventory

Median Sale Price

102.7% 35 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

1

2

New Listing

Sold Listings

1.5

$865K

Months of Inventory

Median Sale Price

96.8%

13

Median Sale vs List

Avg Days on Market

Millbrae JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

6 5 4 3 2 1 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has increased from $1.5m last January 2023, to $1.6m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $850k last January 2023, to $865k as of January 2024.

AVG Days On the Market

80

60

Single-Family Homes The average time spent on the market went down from 41 days last January 2023, to 35 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has decreased from 101.3% last January 2023, to 96.8% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 102.3% last January 2023, to 102.7% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 36 days in January 2023, to 13 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Pacifica What's in the Pacifica data?

There were 17 single-family homes for sale, providing 1.2 months of inventory. There were 21 new listings, and 14 homes sold at a median price of $1.3m. The median overbid percentage was at 99.2%, with an average of 41 days on the market.

There were 7 condo and townhome units for sale, providing 1.4 months of inventory. There were 5 new listings and 5 units sold at a median sale price of $1m. The median overbid percentage was at 96%, with an average of 52 days on the market.

SFH

Single-Family Homes

21

14

New Listings

Sold Listings

1.2

$1.3M

Months of Inventory

Median Sale Price

99.2%

41

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

5

5

New Listings

Sold Listings

1.4

$1M

Months of Inventory

Median Sale Price

96%

52

Median Sale vs List

Avg Days on Market

Pacifica JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

35 30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.2m last January 2023, to $1.3m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $780k last January 2023, to $1m as of January 2024.

AVG Days On the Market

200

150

Single-Family Homes The average time spent on the market went up from 38 days last January 2023, to 41 days as of January 2024.

100

50

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has decreased from 98.9% last January 2023, to 96% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 100.3% last January 2023, to 99.2% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 16 days in January 2023, to 52 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

San Bruno What's in the San Bruno data?

There were 12 single-family homes for sale, providing 2.4 months of inventory. There were 11 new listings, and 5 homes sold at a median price of $1.4m. The median overbid percentage was at 102.9%, with an average of 38 days on the market.

There were 11 condo and townhome units for sale, providing 1.6 months of inventory. There were 8 new listings and 7 units sold at a median sale price of $445k. The median overbid percentage was at 96.4%, with an average of 71 days on the market.

SFH

Single-Family Homes

11

5

New Listings

Sold Listings

2.4

$1.4M

Months of Inventory

Median Sale Price

102.9% 38 Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

8

7

New Listings

Sold Listings

1.6

$445K

Months of Inventory

Median Sale Price

96.4%

71

Median Sale vs List

Avg Days on Market

San Bruno JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,000,000

$1,500,000

Single-Family Homes The median sales price has increased from $1.2m last January 2023, to $1.4m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has decreased from $647k last January 2023, to $445k as of January 2024.

AVG Days On the Market

120 100 80

Single-Family Homes The average time spent on the market went up from 33 days last January 2023, to 38 days as of January 2024.

60 40 20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has decreased from 100% last January 2023, to 96.4% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 98.3% last January 2023, to 102.9% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 101 days in January 2023, to 71 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

San Carlos What's in the San Carlos data?

There were 12 single-family homes for sale, providing 1.2 months of inventory. There were 16 new listings, and 10 homes sold at a median price of $2m. The median overbid percentage was at 97.8%, with an average of 39 days on the market.

There were 14 condo and townhome units for sale, providing 4.7 months of inventory. There were 13 new listings and 3 units sold at a median sale price of $1.7m. The median overbid percentage was at 100.2%, with an average of 12 days on the market.

SFH

Single-Family Homes

16

10

New Listings

Sold Listings

1.2

$2.3M

Months of Inventory

Median Sale Price

97.8%

39

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

13

3

New Listings

Sold Listings

4.7

$1.7M

Months of Inventory

Median Sale Price

100.2%

12

Median Sale vs List

Avg Days on Market

San Carlos JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

40

30

20

10

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

25

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has increased from $2m last January 2023, to $2.3m as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $1m last January 2023, to $1.7m as of January 2024.

AVG Days On the Market

200

150

Single-Family Homes The average time spent on the market went up from 35 days last January 2023, to 39 days as of January 2024.

100

50

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

De c

20 23

N ov

Se p

O ct 20 23

20 23

20 23

Au g

40% 20%

20 24 Ja n

20 23

De c

20 23

N ov

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

0%

M ar 20 23

The overbid percentage has increased from 97.8% last January 2023, to 100.2% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has decreased from 99.8% last January 2023, to 97.8% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went down from 38 days in January 2023, to 12 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

San Mateo What's in the San Mateo data?

There were 29 single-family homes for sale, providing 2.4 months of inventory. There were 46 new listings, and 12 homes sold at a median price of $178k. The median overbid percentage was at 104%, with an average of 19 days on the market.

There were 39 condo and townhome units for sale, providing 2.6 months of inventory. There were 22 new listings and 15 units sold at a median sale price of $750k. The median overbid percentage was at 100.2%, with an average of 87 days on the market.

SFH

Single-Family Homes

46

12

New Listings

Sold Listings

2.4

$178K

Months of Inventory

Median Sale Price

104%

19

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

22

15

New Listings

Sold Listings

2.6

$750K

Months of Inventory

Median Sale Price

100.2%

87

Median Sale vs List

Avg Days on Market

San Mateo JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

70 60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

70 60 50 40 30 20 10 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$2,500,000

$2,000,000

Single-Family Homes

$1,500,000

The median sales price has decreased from $1.6m last January 2023, to $178k as of January 2024.

$1,000,000

$500,000

Condos & Townhomes 20 24 Ja n

20 23

De c

N ov

20 23

O ct 20 23

20 23

Se p

20 23

Au g

Ju l2 02 3

M ar 20 23

Fe b

20 23

20 23 Ja n

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

$0

The median sales price has increased from $727k last January 2023, to $750k as of January 2024.

AVG Days On the Market

100

80

Single-Family Homes

60

The average time spent on the market went down from 33 days last January 2023, to 19 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

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20 23

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Se p

O ct 20 23

20 23

20 23

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40% 20%

20 24 Ja n

20 23

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20 23

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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

0%

M ar 20 23

The overbid percentage has increased from 97.6% last January 2023, to 100.2% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 98.3% last January 2023, to 104% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 60 days in January 2023, to 87 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

South San Francisco What's in the South San Francisco data?

There were 13 single-family homes for sale, providing 2.2 months of inventory. There were 12 new listings, and 6 homes sold at a median price of $1.2m. The median overbid percentage was at 102%, with an average of 10 days on the market.

There were 10 condo and townhome units for sale, providing 2.5 months of inventory. There were 3 new listings and 4 units sold at a median sale price of $752k. The median overbid percentage was at 97.8%, with an average of 79 days on the market.

SFH

Single-Family Homes

12

6

New Listings

Sold Listings

2.2

$1.2M

Months of Inventory

Median Sale Price

102%

10

Median Sale vs List

Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 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.

CONDO

Condo & Townhomes

3

4

New Listings

Sold Listings

2.5

$752K

Months of Inventory

Median Sale Price

97.8%

79

Median Sale vs List

Avg Days on Market

South San Francisco JANUARY 2023 - JANUARY 2024

L I S T INGS FOR S A L E

S O L D LISTINGS

30 25 20 15 10 5 0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

20

15

10

5

0

Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023

Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024

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

Median Sales Price

$1,400,000 $1,200,000 $1,000,000

Single-Family Homes

$800,000

The median sales price has increased from $1.1m last January 2023, to $1.2m as of January 2024.

$600,000 $400,000 $200,000

Condos & Townhomes

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20 23

20 23 Ja n

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

$0

The median sales price has decreased from $832k last January 2023, to $752k as of January 2024.

AVG Days On the Market

80

60

Single-Family Homes The average time spent on the market went down from 52 days last January 2023, to 10 days as of January 2024.

40

20

Condos & Townhomes

Back to Table of Contents

20 24 Ja n

20 23

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20 23

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O ct 20 23

20 23

20 23

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40% 20%

20 24 Ja n

20 23

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O ct 20 23

20 23

Se p

20 23

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Ju l2 02 3

20 23 Ju n

20 23

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Ap r2 02 3

0%

M ar 20 23

The overbid percentage has decreased from 113.1% last January 2023, to 97.8% a year later.

60%

20 23

Condos & Townhomes

80%

Fe b

The overbid percentage has increased from 97.8% last January 2023, to 102% a year later.

100%

20 23

Single-Family Homes

The average time spent on the market went up from 33 days in January 2023, to 79 days as of January 2024.

120%

Ja n

Overbids

Ju l2 02 3

Ju n

20 23

20 23

M ay

Ap r2 02 3

M ar 20 23

20 23

Fe b

Ja n

20 23

0

Keller Williams Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010

The Cunningham Group Brentwood 310.482.2033 info@cunninghamre.com www.cunninghamre.com