FEBRUARY 2023

Market Update SAN FRANCISCO BAY AREA

BARBARA BRODRICK REALTOR® | DRE# 01356672 East Bay: 925.403.1213 SF: 415.528.1318 Peninsula: 650.918.8007 [email protected]

San Francisco Bay area Alameda Jump to Alameda Report

Contra Costa Jump to Contra Costa Report

Napa Jump to Napa Report

San Francisco County Jump to San Francisco County Report

San Mateo Jump to San Mateo Report

Santa Clara Jump to Santa Clara Report

Solano Jump to Solano Report

Sonoma Jump to Sonoma Report

Southern/Central Marin Jump to Marin Report

What’s your home really worth in today’s market? That's really 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. At the end of the day, 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.

Lower Mortgage Rates Are Bringing Buyers Back to the Market

As mortgage rates rose last year, activity in the housing market slowed down. As a result, homes started seeing fewer offers and staying on the market for longer. That meant some homeowners decided to pause on selling. Now, however, rates are beginning to come down—and buyers are starting to re-enter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows an increase of 7% more mortgage applications, as compared to the week before.

Alameda What's in the Alameda data? Alameda County's single-family housing market saw a decrease to a $1m median sold price, with 326 units sold and 494 new listings. The condo & townhome market has declined month-over-month, with 216 new listings and 115 sales, totaling approximately $699K. Byers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. Yhe surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

494

326

New Listings

Sold Listings

0.9

$1M

Months of Inventory

Median Sale Price

99.2%

38

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

216

115

New Listings

Sold Listings

1

$699K

Months of Inventory

Median Sale Price

98.9% Median Sale vs List

47 Avg Days on Market

Median Sales Price Single Family Homes The median sales price has decreased from $1.2m last January 2022, to $1m as of January 2023

$2,000,000

$1,500,000

$1,000,000

$500,000

Condos & Townhomes

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has decreased from $720k last January 2022, to $699k as of January 2023.

50

AVG Days On the Market

40

30

Single Family Homes The average days on market went up from 21 days last January 2022, to 38 days as of January 2023.

20

10

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went up from 27 days in January 2022, to 47 days as of January 2023.

125%

100%

Single Family Homes The overbid percentage has decreased from 109.5% last January 2022, to 99.2% a year later.

75%

Condos & Townhomes

25%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0%

Ja nu ar y

The overbid percentage has decreased from 102.3% last January 2022, to 98.9% a year later.

50%

20 22

20 22

20 22

20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Alameda JANUARY 2022 - JANUARY 2023

LISTING S F OR S A L E SO L D LISTING S

3,000

2,000

1,000

0

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

1,000

750

500

250

0

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

Contra Costa What's in the Contra Costa data?

Contra Costa County's single-family housing market saw a decreased to a $730K median sold price, with 317 units sold and 487 new listings. The condo & townhome market has declined month-over-month, with 178 new listings and 84 sales, totaling approximately $492K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

487

317

New Listings

Sold Listings

1

$730K

Months of Inventory

Median Sale Price

99.8%

42

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

178

84

New Listings

Sold Listings

0.9

$492K

Months of Inventory

Median Sale Price

100%

45

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Contra Costa JANUARY 2022 - JANUARY 2023

LISTING S F OR S A L E SO L D LISTING S

3,000

2,000

1,000

0

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

750

500

250

0

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

Median Sales Price Single Family Homes The median sales price has decreased from $815k last January 2022, to $730k as of January 2023.

$1,000,000

$750,000

$500,000

$250,000

Condos & Townhomes

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has decreased from $520k last January 2022, to $492k as of January 2023.

$0

50

AVG Days On the Market

40

30

Single Family Homes The average days on market went up from 21 days last January 2022, to 42 days as of January 2023.

20

10

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids Single Family Homes The overbid percentage has decreased from 103.6% last January 2022, to 99.8% a year later.

The average days on market went up from 24 days in January 2022, to 45 days as of January 2023.

125%

100%

75%

50%

25%

Condos & Townhomes 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0%

Ja nu ar y

The overbid percentage has decreased from 102% last January 2022, to 100% a year later.

Napa County What's in the Napa County data?

Napa County's single-family housing market saw an increase to a $847K median sold price, with 32 units sold and 56 new listings. The condo & townhome market has declined month-over-month, with 3 new listings and 3 sales, totaling approximately $510K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

56

32

New Listings

Sold Listings

1.7

$847K

Months of Inventory

Median Sale Price

98.5%

75

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

3

3

New Listings

Sold Listings

0.8

$510K

Months of Inventory

Median Sale Price

98%

43

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Napa JANUARY 2022 - JANUARY 2023

500

LISTING S F OR S A L E SO L D LISTING S

400

300

200

100

0

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

50

40

30

20

10

0

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

Median Sales Price Single Family Homes

$1,250,000

$1,000,000

$750,000

The median sales price has increased from $835k last January 2022, to $847k as of January 2023.

$500,000

Condos & Townhomes

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

$250,000

The median sales price has decreased from $555k last January 2022, to $510k as of January 2023. 75

AVG Days On the Market

50

Single Family Homes The average days on market went up from 52 days last January 2022, to 75 days as of January 2023.

25

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went down from 66 days in January 2022, to 43 days as of January 2023.

125%

100%

Condos & Townhomes The overbid percentage has decreased from 100% last January 2022, to 98% a year later.

75%

50%

25%

0%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

The overbid percentage has decreased from 100% last January 2022, to 98.5% a year later.

Ja nu ar y

Single Family Homes

San Francisco County

What's in the San Francisco County data? San Francisco County's single-family housing market saw a decreased to a $1.4M median sold price, with 84 units sold and 102 new listings. The condo & townhome market has inclined month-over-month, with 270 new listings, and 80 sales, totaling approximately $1M. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

102

84

New Listings

Sold Listings

1.1

$1.4M

Months of Inventory

Median Sale Price

100%

50

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

270

80

New Listings

Sold Listings

2.1

$1M

Months of Inventory

Median Sale Price

96.9%

88

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

Condos & Townhomes Last 12 months, year-over-year. 20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

San Francisco

County JANUARY 2022 - JANUARY 2023 LISTING S F OR S A L E SO L D LISTING S

750

500

250

0

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

1,500

1,000

500

0

Median Sales Price Single Family Homes The median sales price has decreased from $1.6m last January 2022, to $1.4m as of January 2023

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

Condos & Townhomes

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has increased from $1.07m last January 2022, to $1.08m as of January 2023.

100

AVG Days On the Market

75

Single Family Homes

50

The average days on market went up from 40 days last January 2022, to 50 days as of January 2023.

25

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

The overbid percentage has decreased, from 114.4% last January 2022, to 100% a year later.

Condos & Townhomes The overbid percentage has decreased from 100% last January 2022, to 96.9% a year later.

100%

75%

50%

25%

0%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

Single Family Homes

125%

Ja nu ar y

Overbids

The average days on market was up from 44 days in January 2022, to 88 days as of January 2023.

San Mateo County

What's in the San Mateo County data? San Mateo County's single-family housing market saw a decreased to $1.4M median sold price, with 153 units sold and 210 new listings. The condo & townhome market has declined month-over-month, with 89 new listings,and 44 sales, totaling approximately $865K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

210

153

New Listings

Sold Listings

0.9

$1.4M

Months of Inventory

Median Sale Price

97.9%

41

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

89

44

New Listings

Sold Listings

0

$865K

Months of Inventory

Median Sale Price

98.1%

53

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

San Mateo County JANUARY 2022 - JANUARY 2023

1,250

LISTING S F OR S A L E SO L D LISTING S

1,000

750

500

250

0

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

400

300

200

100

0

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

Median Sales Price Single Family Homes The median sales price has decreased from $1.8m last January 2022, to $1.4m as of January 2023.

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

Condos & Townhomes

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has decreased from $910k last January 2022, to $865k as of January 2023.

60

AVG Days On the Market

40

Single Family Homes The average days on market went up from 31 days last January 2022, to 41 days as of January 2023.

20

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

The overbid percentage has decreased from 108.6% last January 2022, to 97.9% a year later.

Condos & Townhomes The overbid percentage has decreased from 101.3% last January 2022, to 98.1% a year later.

100%

75%

50%

25%

0%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

Single Family Homes

The average days on market went up from 34 days in January 2022, to 53 days as of January 2023.

125%

Ja nu ar y

Overbids

Condos & Townhomes

Santa Clara County

What's in the Santa Clara County data?

Santa Clara County's single-family housing market saw a decrease to a $1.5M median sold price, with 289 units sold and 473 new listings. The condo & townhome market has inclined month-over-month, with 234 new listings and 121 sales, totaling approximately $865K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

473

289

New Listings

Sold Listings

0.8

$1.5M

Months of Inventory

Median Sale Price

98.4%

36

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

234

121

New Listings

Sold Listings

0.8

$865K

Months of Inventory

Median Sale Price

99.3%

34

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

Condos & Townhomes Last 12 months, year-over-year. 20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Santa Clara County JANUARY 2022 - JANUARY 2023

2,500

LISTING S F OR S A L E SO L D LISTING S

2,000

1,500

1,000

500

0

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

1,250

1,000

750

500

250

0

Median Sales Price Single Family Homes The median sales price has decreased from $1.6m last January 2022, to $1.5m as of. January 2023.

$2,000,000

$1,500,000

$1,000,000

$500,000

Condos & Townhomes

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has increased from $850k last January 2022, to $865k as of January 2023

AVG Days On the Market

40

30

Single Family Homes

20

The average days on market went up from 16 days last January 2022, to 36 days as of January 2023.

10

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went up from 21 days in January 2022, to 34 days as of January 2023.

125%

100%

Condos & Townhomes The overbid percentage has decreased from 104% last January 2022, to 99.3% a year later.

75%

50%

25%

0%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

The overbid percentage has decreased from 112% last January 2022, to 98.4% a year later

Ja nu ar y

Single Family Homes

Solano County What's in the Solano County data? Solano County's single-family housing market saw a decrease to a $566K median sold price, with 190 units sold and 208 new listings. The condo & townhome market has inclined month-over-month, with 22 new listings and 17 sales, totaling approximately $395K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

208

190

New Listings

Sold Listings

1.1

$566K

Months of Inventory

Median Sale Price

99.9%

67

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

22

17

New Listings

Sold Listings

1.1

$395K

Months of Inventory

Median Sale Price

97.6%

53

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

Condos & Townhomes Last 12 months, year-over-year. 20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

Ja nu ar y

LISTING S F OR S A L E

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Solano JANUARY 2022 - JANUARY 2023

SO L D LISTING S

1,500

1,000

500

0

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

125

100

75

50

25

0

$750,000

Median Sales Price

$500,000

Single Family Homes

Condos & Townhomes The median sales price has increased from $358k last January 2022, to $395k as of January 2023.

$250,000

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has decreased from $579k last January 2022, to $566k as of January 2023.

75

AVG Days On the Market

50

Single Family Homes The average days on market went up from 35 days last January 2022, to 67 days as of January 2023.

25

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went up from 37 days in January 2022, to 53 days as of January 2023

125%

100%

Condos & Townhomes The overbid percentage has decreased from 100% last January 2022, to 97.6% a year later.

75%

50%

25%

0%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

The overbid percentage has decreased from 101% last January 2022, to 99.9% a year later.

Ja nu ar y

Single Family Homes

Sonoma County What's in the Sonoma data? Sonoma County's single-family housing market saw a decrease to a $760K median sold price, with 152 units sold and 125 new listings. The condo & townhome market has inclined month-over-month, with 28 new listings and 24 sales, totaling approximately $440K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

125

152

New Listings

Sold Listings

1

$760K

Months of Inventory

Median Sale Price

99%

67

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

28

24

New Listings

Sold Listings

0.6

$440K

Months of Inventory

Median Sale Price

97.9%

47

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

Condos & Townhomes Last 12 months, year-over-year. 20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

Ja nu ar y

LISTING S F OR S A L E

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

Sonoma JANUARY 2022 - JANUARY 2023

2,000

SO L D LISTING S

1,500

1,000

500

0

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

250

200

150

100

50

0

$1,000,000

Single Family Homes The median sales price has decreased from $794k last January 2022, to $760k as of January 2023.

Condos & Townhomes The median sales price has increased from $431k last January 2022, to $440k as of January 2023.

$750,000

$500,000

$250,000

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

Median Sales Price

75

AVG Days On the Market

50

Single Family Homes The average days on market went up from 49 days last January 2022, to 67 days as of January 2023.

25

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went down from 49 days in January 2022, to 47 days as of January 2023.

125%

100%

Single Family Homes The overbid percentage has decreased from 100% last January 2022, to 99% a year later.

75%

Condos & Townhomes

25%

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0%

Ja nu ar y

The overbid percentage has decreased from 101.9% last January 2022, to 97.9% a year later.

50%

Southern/Central

Marin

What's in the Marin data? Southern/Central Marin County's single-family housing market saw a decrease to a $1.5M median sold price, with 44 units sold and 44 new listings. The condo & townhome market has inclined monthover-month, with 24 new listings and 26 sales, totaling approximately $805K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving gorge cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.

SFH

Single Family Homes

44

44

New Listings

Sold Listings

0.7

$1.5M

Months of Inventory

Median Sale Price

96.2%

68

Median Sale vs List

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2022 to January 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

24

26

New Listings

Sold Listings

1.6

$805K

Months of Inventory

Median Sale Price

98.8%

65

Median Sale vs List

Avg Days on Market

20 22

20 22

20 22

Condos & Townhomes Last 12 months, year-over-year. 20 23

20 22

20 23

Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

20 22

20 22

20 22

20 22

20 23

20 23 Au gu st 20 23 Se pt em be r2 02 3 O ct ob er 20 23 N ov em be r2 02 3 De ce m be r2 02 3 Ja nu ar y 20 23

Ju ly

Ju ne

M ay

Ap ril 20 23

M ar ch

Fe br ua ry

Ja nu ar y

S/C Marin JANUARY 2022 - JANUARY 2023

750

LISTING S F OR S A L E SO L D LISTING S

500

250

0

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

250

200

150

100

50

0

$2,500,000

Median Sales Price

$2,000,000

$1,500,000

Single Family Homes

Condos & Townhomes The median sales price has increased from $795k last January 2022, to $805k as of January 2023.

$1,000,000

$500,000

$0

Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st Se 20 pt 23 em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 Ja 3 nu ar y 20 23

The median sales price has decreased from $1.587m last January 2022, to $1.5m as of January 2023.

75

AVG Days On the Market

50

Single Family Homes The average days on market went up from 64 days last January 2022, to 68 days as of January 2023.

25

Condos & Townhomes

Ja nu ar y

20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

0

Overbids

The average days on market went up from 64 days in January 2022, to 65 days as of January 2023.

125%

100%

Single Family Homes The overbid percentage has decreased from 100.3% last January 2022, to 96.2% a year later.a year later.

75%

Condos & Townhomes

25%

Ap ril 20 23 M ay 20 23 Ju ne 20 22 Ju ly 20 23 Au gu st 20 Se 23 pt em be r2 02 O 3 ct ob er 20 N ov 23 em be r2 De 02 ce 3 m be r2 02 3 Ja nu ar y 20 23

20 22

20 22

Fe br ua ry

M ar ch

20 22

0%

Ja nu ar y

The overbid percentage has decreased from 100% last January 2022, to 98.8% a year later.

50%

Keller Williams Alameda 2437 Santa Clara Ave, Alameda, CA 94609

Keller Williams Castro Valley 20273 Patio Drive, Castro Valley, CA 94546

Keller Williams Oakland 4937 Telegraph Ave. Suite A Oakland, CA 94609

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