Veronica Mocanu - February 2024 Market Report Palo Alto Area by Procasa Technologies, Inc

2024

February

Palo Alto area

Palo Alto

Jump to Palo Alto Report

Redwood City

Jump to Redwood City Report

Portola Valley

Jump to Portola Valley Report

Menlo Park

Jump to Menlo Report

Atherton

Jump to Atherton Report

Los Altos

Jump to Los Altos Report

San Jose

Jump to San Jose Report

Mountain View

Jump to Mountain View

San Mateo County

Jump to San Mateo County

Santa Clara County

Jump to Santa Clara County

Monterey County

Jump to Monterey County Report

Santa Cruz County

Jump to Santa Cruz County Report

East Palo Alto

Jump to East Palo Alto Report

Sunnyvale

Jump to Sunnyvale Report

Santa Clara City

Jump to Santa Clara City Report

Saratoga

Jump to Saratoga Report

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.

WhyHavingYourOwnAgent MattersWhenBuyingaNew ConstructionHome

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

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

3 Prepaid homeowners insurance at closing:

Cover one year in advance, ensuring your lender that potential damages will be addressed.

4 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

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Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

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

Tranquil Blue

View it here

Eight Colrs fo Laundry

Sage Green

View it here

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

Navy Blue

View it here

Purple

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

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection

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

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Source : https://www familyhandyman com/list/laundry-room-colors/ Want to know how Home Concierge can help with your listing? Contact me today!

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.

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PaloAlto

What's in the Palo Alto data?

There were 22 single-family homes for sale, providing 1.4 months of inventory. There were 32 new listings, and 15 homes sold at a median price of $3.5m. The median overbid percentage was at 102%, with an average of 18 days on the market.

There were 8 condo and townhome units for sale, providing 1.6 months of inventory. There were 12 new listings and 4 units sold at a median sale price of $1.2m. The median overbid percentage was at 101%, with an average of 82 days on the market.

SFH Single-Family Homes

32 New Listings

15 Sold Listings

1.4 Months of Inventory

$3.5M

Median Sale Price

102%

Median Sale vs List

18 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above 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# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

New Listings

Months of Inventory $1.2M Median Sale Price 101% Median Sale vs List 82 Avg Days on Market

Sold Listings

CONDO

1.6

, y y 3 Oct2023 Nov2023 Dec2023 Jan2024 23 Oct2023 Nov2023 Dec2023 Jan2024 ISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3.1m last January 2023, to $3 5m as of January 2024

Condos & Townhomes

The median sales price has increased from $0 last January 2023, to $1 2m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 67 days last January 2023, to 18 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in January 2023, to 82 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 86% last January 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last January 2023, to 101% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 20 40 60 80 100 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Redwood City

What's in the Redwood City data?

There were 32 single-family homes for sale, providing 1.7 months of inventory. There were 37 new listings, and 14 homes sold at a median price of $1.6m. The median overbid percentage was at 95%, with an average of 35 days on the market

There were 11 condo and townhome units for sale, providing 1 month of inventory. There were 11 new listings and 5 units sold at a median sale price of $798k. The median overbid percentage was at 99%, with an average of 58 days on the market.

SFH

Single-Family Homes

37 New Listings

14 Sold Listings

1.7 Months of Inventory

$1.6M

Median Sale Price

95%

Median Sale vs List

35 Avg Days on Market

Condo & Townhomes 11 New Listings

Month of Inventory $798K Median Sale Price 99% Median Sale vs List 58 Avg Days on Market

Sold Listings

CONDO

RedwoodCity

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2023 - JANUARY 2024

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 10 20 30 40 50 60 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 2 4 6 8 10 12 14 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 8m last January 2023, to $1 6m as of January 2024

Condos & Townhomes

The median sales price has decreased from $980k last January 2023, to $798k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 36 days last January 2023, to 35 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in January 2023, to 58 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 94% last January 2023, to 95% a year later

Condos & Townhomes

The overbid percentage has increased from 97% last January 2023, to 99% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 20 40 60 80 100 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Portola Valley

What's in the Porto data?

There were 5 single-family ho providing 0.7 months of inve new listings, and 2 homes so of $2.8m. The median overbi 116%, with an average of 3 d

There was no data for condo this month.

4 New Listings

0.7 Months of Inventory

116%

Median Sale vs List

2 Sold Listings

$2.8M

Median Sale Price

3 Avg Days on Market

No data for this month.

Single-Family

Homes

Last 12 months, year-over-year.

No data for this month.

Condos

& Townhomes

Last 12 months, year-over-year

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 5 10 15 20 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 20 40 60 80 100 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $3 2m last January 2023, to $2 8m as of January 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 48 days last January 2023, to 3 days as of January 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last January 2023, to 116% a year later

Condos & Townhomes

No data for this month

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 20 40 60 80 100 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Menlo

What's in the Menl

There were 25 single-family h providing 2.3 months of inve new listings, and 12 homes s of $3.7m. The median overbi 100%, with an average of 31

There were 9 condo and tow providing 2.3 months of inve new listings and 3 units sold price of $1.5m. The median o was at 96%, with an average market.

31 New Listings

2.3 Months of Inventory

100%

Median Sale vs List

12 Sold Listings

$3.7M

Median Sale Price

31 Avg Days on Market

2.3

Condo & Townhomes

CONDO

New Listings

Months of Inventory

Median Sale Price 96% Median Sale vs List 30 Avg Days on Market

Sold Listings

$1.5M

MenloPark

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY

JANUARY 2023 -

2024

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 10 20 30 40 50 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 5 10 15 20 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 0m last January 2023, to $3 7m as of January 2024

Condos & Townhomes

The median sales price has increased from $929k last January 2023, to $1 5m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 14 days last January 2023, to 31 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 69 days in January 2023, to 30 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last January 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 98% last January 2023, to 96% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 50 100 150 200 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Atherton

What's in the Atherton data?

There were 14 single-family homes for sale, providing 14 months of inventory. There were new listings, and 3 homes sold at a median p of $15.5m. The median overbid percentage w 90%, with an average of 145 days on the mar

There was no data for condo and townhouse this month.

8 New Listings

14 Months of Inventory

3 Sold Listings

$15.5M

Median Sale Price

90% Median Sale vs List

145 Avg Days on Market

CONDO

Condo & Townhomes

No data for this month.

Atherton

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2023 - JANUARY 2024

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 5 10 15 20 25 30 35 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 0 0 1 1 1 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $19 3m last January 2023, to $15 5m as of January 2024

Condos & Townhomes

The median sales price has remained the same from $0 last January 2023, to $0 as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last January 2023, to 145 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 0 days in January 2023, to 0 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89% last January 2023, to 90% a year later

Condos & Townhomes

The overbid percentage has remained the same from 0% last January 2023, to 0% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 50 100 150 200 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000%

LosAltos

What's in the Los Altos data?

There were 11 single-family homes for sale, providing 1.6 months of inventory. There were 14 new listings, and 6 homes sold at a median price of $4m. The median overbid percentage was at 102%, with an average of 13 days on the market.

There were 6 condo and townhome units for sale, providing 3 months of inventory. There were 3 new listings and 1 unit sold at a median sale price of $1.2m. The median overbid percentage was at 93%, with an average of 86 days on the market.

SFH

Single-Family Homes

14 New Listings

6 Sold Listings

1.6 Months of Inventory

$4M

Median Sale Price

102% Median Sale vs List

13 Avg Days on Market

Condo & Townhomes

New Listings

Months of Inventory $1.2M Median Sale Price 93% Median Sale vs List 86 Avg Days on Market 1 Sold Listing

CONDO

LosAltos

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 5 10 15 20 25 30 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 2 4 6 8 10 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3 4m last January 2023, to $4 0m as of January 2024

Condos & Townhomes

The median sales price has decreased from $1 4m last January 2023, to $1 2m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 53 days last January 2023, to 13 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 152 days in January 2023, to 86 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 90% last January 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 86% last January 2023, to 93% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 50 100 150 200 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

SanJose

What's in the San Jose data?

There were 133 single-family homes for sale, providing 0.6 months of inventory. There were 256 new listings, and 165 homes sold at a median price of $1.5m. The median overbid percentage was at 103%, with an average of 21 days on the market.

There were 123 condo and townhome units for sale, providing 1 month of inventory There were 144 new listings and 87 units sold at a median sale price of $775k. The median overbid percentage was at 99%, with an average of 37 days on the market.

SFH

Single-Family Homes

256 New Listings

165 Sold Listings

0.6 Months of Inventory

$1.5M

Median Sale Price

103%

Median Sale vs List

21 Avg Days on Market

CONDO Condo & Townhomes

New Listings

Month of Inventory $775K Median Sale Price 99% Median Sale vs List 37 Avg Days on Market 87 Sold Listings

144

SanJose

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2024

JANUARY 2023 -

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 100 200 300 400 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 50 100 150 200 250 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 3m last January 2023, to $1 5m as of January 2024

Condos & Townhomes

The median sales price has increased from $757k last January 2023, to $775k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last January 2023, to 21 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in January 2023, to 37 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96% last January 2023, to 103% a year later

Condos & Townhomes

The overbid percentage has remained the same from 99% last January 2023, to 99% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 10 20 30 40 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Mountain View

What's in the Mountain View data?

There were 10 single-family homes for sale, providing 1.4 months of inventory. There were 12 new listings, and 11 homes sold at a median price of $2.3m. The median overbid percentage was at 101%, with an average of 25 days on the market

There were 22 condo and townhome units for sale, providing 1.5 months of inventory. There were 26 new listings and 5 units sold at a median sale price of $1.4m. The median overbid percentage was at 102%, with an average of 28 days on the market.

SFH

Single-Family Homes

12 New Listings

11 Sold Listings

1.4 Months of Inventory

$2.3M

Median Sale Price

101%

Median Sale vs List

25 Avg Days on Market

Condo & Townhomes 26 New Listings 1.5 Months of Inventory $1.4M Median Sale Price 102% Median Sale vs List 28 Avg Days on Market 5 Sold Listings

CONDO

MountainView

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2023 - JANUARY 2024

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 9m last January 2023, to $2 3m as of January 2024

Condos & Townhomes

The median sales price has increased from $1 0m last January 2023, to $1 4m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last January 2023, to 25 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in January 2023, to 28 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last January 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has increased from 96% last January 2023, to 102% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 5 10 15 20 25 30 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

SanMateo County

What's in the San Mateo County data?

There were 272 single-family homes for sale, providing 1 month of inventory. There were 289 new listings, and 140 homes sold at a median price of $1.8m. The median overbid percentage was at 100%, with an average of 45 days on the market.

There were 126 condo and townhome units for sale, providing 1.5 months of inventory. There were 105 new listings and 60 units sold at a median sale price of $772k. The median overbid percentage was at 99.6%, with an average of 68 days on the market

He-Family Homes

289 New Listings

240 Sold Listings

1 Month of Inventory

$1.8M

Median Sale Price

100%

Median Sale vs List

45 Avg Days on Market

Condo & Townhomes

New Listings

Months of Inventory $772K Median Sale Price 99.6% Median Sale vs List 68 Avg Days on Market 60 Sold Listings

CONDO

105

1.5

SanMateo

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2023 - JANUARY 2024

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 100 200 300 400 500 600 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 50 100 150 200 250 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 4m last January 2023, to $1 8m as of January 2024

Condos & Townhomes

The median sales price has decreased from $855k last January 2023, to $772k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 40 days last January 2023, to 45 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 51 days in January 2023, to 68 days as of January 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 98.3% last January 2023, to 99.6% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 10 20 30 40 50 60 70 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Sant Cou

What's in t

County da

There were 405 providing 0.7 mo new listings, and price of $1.7m. T was at 100 9%, w market.

There were 251 sale, providing 1 298 new listings sale price of $91 percentage was days on the mar

559 New Listings

355 Sold Listings

0.7 Months of Inventory

$1.7M

Median Sale Price

100.9%

Median Sale vs List

25 Avg Days on Market

298 New Listings 1 Month of Inventory $910K Median Sale Price 100% Median Sale vs List 39 Avg Days on Market 150 Sold Listings

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

nty

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 200 400 600 800 1000 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 100 200 300 400 500 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 5m last January 2023, to $1 7m as of January 2024

Condos & Townhomes

The median sales price has increased from $865k last January 2023, to $910k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 35 days last January 2023, to 25 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 34 days in January 2023, to 39 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 4% last January 2023, to 100 9% a year later

Condos & Townhomes

The overbid percentage has increased from 99.2% last January 2023, to 100% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 10 20 30 40 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Monter County

What's in the Mon data?

There were 248 single-family providing 2.3 months of inve new listings, and 95 homes s of $827k. The median overbi 94%, with an average of 48 d

There were 38 condo and tow sale, providing 2.1 months of were 21 new listings and 17 sale price of $750k. The med percentage was at 94%, with days on the market.

132 New Listings

2.3 Months of Inventory

94%

Median Sale vs List

95 Sold Listings

$827K

Median Sale Price

48 Avg Days on Market

C Condo 21 New Listings 2.1 Months of Inventory $750K Median Sale Price 94% Median Sale vs List 59 Avg Days on Market 17 Sold Listings

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

ounty

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 50 100 150 200 250 300 350 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 10 20 30 40 50 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $863k last January 2023, to $827k as of January 2024

Condos & Townhomes

The median sales price has increased from $643k last January 2023, to $750k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 54 days last January 2023, to 48 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in January 2023, to 59 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89% last January 2023, to 94% a year later

Condos & Townhomes

The overbid percentage has decreased from 97% last January 2023, to 94% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 10 20 30 40 50 60 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000%

SantaC County

What's in the Sant County data?

There were 144 single-family providing 2.1 months of inve new listings, and 55 homes s of $1.1m. The median overbi 95%, with an average of 50 d

There were 46 condo and tow sale, providing 2 months of in 29 new listings and 19 units price of $729k. The median o was at 97%, with an average market.

90 New Listings

2.1 Months of Inventory

95%

Median Sale vs List

55 Sold Listings

$1.1M

Median Sale Price

50 Avg Days on Market

C Cond 29 New Listings 2 Months of Inventory $729K Median Sale Price 97% Median Sale vs List 38 Avg Days on Market 19 Sold Listings

Single-Family

Homes

Last 12 months, year-over-year.

Condos

& Townhomes

Last 12 months, year-over-year

County

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 50 100 150 200 250 300 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 10 20 30 40 50 60 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 17m last January 2023, to $1 19m as of January 2024

Condos & Townhomes

The median sales price has decreased from $816k last January 2023, to $729k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 54 days last January 2023, to 50 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 38 days in January 2023, to 38 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89% last January 2023, to 95% a year later

Condos & Townhomes

The overbid percentage has remained the same from 97% last January 2023, to 97% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 20 40 60 80 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

East PaloAlto

What's in the East Palo Alto data?

There were 9 single-family homes for sale, providing 9 months of inventory. There were 8 new listings, and 1 home sold at a median price of $900k. The median overbid percentage was at 106%, with an average of 11 days on the market

There was 1 condo and townhome unit for sale, providing 1 month of inventory. There were 0 new listings and 1 unit sold at a median sale price of $775k. The median overbid percentage was at 91%, with an average of 72 days on the market.

8 New Listings

9 Months of Inventory

1 Sold Listing

$900K

Median Sale Price

106%

Median Sale vs List

11 Avg Days on Market

C Condo 0 New Listings 1 Month of Inventory $775K Median Sale Price 91 Median Sale vs List 72 Avg Days on Market 1 Sold Listing

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 2 4 6 8 10 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 0 1 1 2 2 3 3 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1m last January 2023, to $900k as of January 2024

Condos & Townhomes

The median sales price has increased from $0 last January 2023, to $775k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 81 days last January 2023, to 11 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in January 2023, to 72 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 85% last January 2023, to 106% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last January 2023, to 91% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 50 100 150 200 250 300 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Sunnyvale

What's in the Sunnyvale data?

There were 17 single-family homes for sale, providing 0.8 months of inventory. There were 37 new listings, and 20 homes sold at a median price of $775k. The median overbid percentage was at 107%, with an average of 12 days on the market.

There were 16 condo and townhome units for sale, providing 1.2 months of inventory. There were 22 new listings and 9 units sold at a median sale price of $970k. The median overbid percentage was at 104%, with an average of 33 days on the market.

SFH

Single-Family Homes

37 New Listings

20 Sold Listings

0.8 Months of Inventory

$775K

Median Sale Price

107%

Median Sale vs List

12 Avg Days on Market

CONDO Condo & Townhomes 22 New Listings 1.2 Months of Inventory $970K Median Sale Price 104% Median Sale vs List 33 Avg Days on Market 9 Sold Listings

Sunnyvale

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2024

JANUARY 2023 -

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 1m last January 2023, to $775k as of January 2024

Condos & Townhomes

The median sales price has decreased from $1 1m last January 2023, to $970k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last January 2023, to 12 days as of January 2024

Condos & Townhomes

The average time spent on the market remained the same from 33 days in January 2023, to 33 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95% last January 2023, to 107% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last January 2023, to 104% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 5 10 15 20 25 30 35 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

SantaClara City

What's in the Santa Clara City data?

There were 9 single-family homes for sale, providing 0.5 months of inventory. There were 18 new listings, and 12 homes sold at a median price of $1.7m. The median overbid percentage was at 110%, with an average of 10 days on the market

There were 14 condo and townhome units for sale, providing 1 month of inventory. There were 18 new listings and 5 units sold at a median sale price of $1.1m. The median overbid percentage was at 102%, with an average of 32 days on the market.

SFH

Single-Family Homes

18 New Listings

12 Sold Listings

0.5 Months of Inventory

$1.7M

Median Sale Price

110%

Median Sale vs List

10 Avg Days on Market

CONDO Condo & Townhomes 18 New Listings 1 Month of Inventory $1.1M Median Sale Price 102% Median Sale vs List 32 Avg Days on Market 5 Sold Listings

SantaClaraCity

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

JANUARY 2023 - JANUARY 2024

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 4m last January 2023, to $1 7m as of January 2024

Condos & Townhomes

The median sales price has increased from $1 11m last January 2023, to $1 17m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last January 2023, to 10 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 36 days in January 2023, to 19 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98% last January 2023, to 110% a year later

Condos & Townhomes

The overbid percentage has increased from 97% last January 2023, to 102% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 10 20 30 40 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

Saratoga

What's in the Saratoga data

There were 13 single-family homes for sal providing 1.6 months of inventory. There w new listings, and 14 homes sold at a medi of $4.1m. The median overbid percentage 100%, with an average of 21 days on the m

There was 1 condo and townhome unit for providing 1 month of inventory. There were listings and 1 unit sold at a median sale pr $960k. The median overbid percentage wa 96%, with an average of 29 days on the ma

10 New Listings

1.6 Months of Inventory

14 Sold Listings

$4.1M

Median Sale Price

100%

Median Sale vs List

21 Avg Days on Market

omes

CONDO Condo & Townhomes 2 New Listings 1 Month of Inventory $960K Median Sale Price 96% Median Sale vs List 29 Avg Days on Market 1 Sold Listing

JANUARY 2023 - JANUARY 2024 y Homes ths, year-over-year. ownhomes ths, year-over-year r2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 r2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 S FOR SALE SOLD LISTINGS

atoga

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3 5m last January 2023, to $4 1m as of January 2024

Condos & Townhomes

The median sales price has decreased from $1 9m last January 2023, to $960k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last January 2023, to 21 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 10 days in January 2023, to 29 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last January 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 89% last January 2023, to 96% a year later.

Back to Table of Contents Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Jan2023 Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 0 20 40 60 80 100 120 140 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 00% 200% 400% 600% 800% 1000% 1200%

505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto Realtor®

#02079812 (650) 272-8925

VeronicaMocanu

DRE

VeronicaMocanu@kw.com