May 2023
Copyright by KW Advisors 2023
Palo Alto Area Palo Alto Jump to Palo Alto Report
Redwood City Jump to Redwood City Report
Menlo Park Jump to Menlo Park Report
Los Altos Jump to Los Altos Report
Mountain View Jump to Mountain View Report
Sunnyvale Jump to Sunnyvale Report
San Mateo County Jump to San Mateo County Report
Santa Clara County Jump to Santa Clara County Report
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Client Testimonials Jump to Client Testimonials
Seller's & Buyer's Guide Jump to Seller's & Buyer's Guide
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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.
How Homeowners Win When They Downsize
Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains: “Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .” And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration. When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:
“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller.” That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve developed a considerable amount of equity. Your home equity is an asset you can use to help you buy a home that better suits your needs today. And when you’re ready to make a move, your team of real estate experts will be your guides through every step of the process. That includes setting the right price for your house when you sell, finding the best location and size for your next home, and understanding what you can afford at today’s mortgage rate. What This Means for You If you’re thinking about downsizing, ask yourself these questions: Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really need and want the space I have right now, or could somewhere smaller be a better fit? What are my housing expenses right now, and how much do I want to try to save by downsizing? Once you know the answers to these questions, meet with a real estate advisor to get an answer to this one: What are my options in the market right now? A local housing market professional can walk you through how much equity you have in your house and how it positions you to win when you downsize. Bottom Line If you’re looking to save money, downsizing your home could be a great help toward your goal. Talk with a real estate agent about your goals in the housing market this year.
Source: Keeping Current Matters
Palo Alto What's in the Palo Alto data? In April, Palo Alto had 101 homes for sale; providing the market with 1.6 months of inventory. There are 50 new listings and a total of 27 homes sold. The median sale price was $3.1m, and the median overbid was 100.5%. The average time on the market was 21 days. There are 27 condo and townhome units for sale, providing the market with 2 months of inventory. There are 11 new listings for sale, and 7 condo sold with a median sale price of $1.7m. The median overbid was 96.3%, with an average of 31 days on the market.
SFH
Single-Family Homes
50
27
New Listings
Sold Listings
1.6
$3.1M
Months of Inventory
Median Sale Price
100.1% 21 Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
11
7
New Listings
Sold Listings
2
$1.7M
Months of Inventory
Median Sale Price
96.3%
31
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Palo Alto
APRIL 2022 - APRIL 2023
SO L D LISTING S
150
100
50
0
Single-Family Homes Last 12 months, year-over-year.
60
40
20
0
Single-Family Homes The median sales price has decreased from $4m in April 2022, to $3.1m as of April 2023.
Condos & Townhomes The median sales price has increased from $1.6m in April 2022, to $1.7m as of April 2023.
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Median Sales Price
AVG Days On the Market
150
Single-Family Homes
100
The average time spent on the market increased from 15 days in April 2022, to 21 days as of April 2023.
50
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 108.1% in April 2022, to 100.1% a year later.
The average time spent on the market increased from 18 days in April 2022, to 31 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes
Back to Table of Contents
25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 105.1% in April 2022, to 96.3% a year later.
Redwood City What's in the Redwood City data? In April, Redwood had 68 homes for sale; providing the market with 0.9 months of inventory. There are 36 new listings and a total of 33 homes sold. The median sale price was $1.9m, and the median overbid was 98.8%. The average time on the market was 18 days. There are 18 condo and townhome units for sale, providing the market with 0.9 months of inventory. There are 11 new listings for sale, and 2 condo sold with a median sale price of $1.2m. The median overbid was 102%, with an average of 26 days on the market.
SFH
Single-Family Homes
36
33
New Listings
Sold Listings
0.9
$1.9M
Months of Inventory
Median Sale Price
98.8%
18
Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
11
2
New Listings
Sold Listings
0.9
$1.2M
Months of Inventory
Median Sale Price
102%
26
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Redwood City
APRIL 2022 - APRIL 2023
SO L D LISTING S
200
150
100
50
0
Single-Family Homes Last 12 months, year-over-year.
60
40
20
0
Single-Family Homes The median sales price has decreased from $2.3m in April 2022, to $1.9m as of April 2023.
Condos & Townhomes The median sales price has increased from $1m in April 2022, to $1.2m as of April 2023.
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Median Sales Price
AVG Days On the Market
60
Single-Family Homes
40
The average time spent on the market increased from 16 days in April 2022, to 18 days as of April 2023.
20
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 112.7% in April 2022, to 98.9% a year later.
The average time spent on the market increased from 8 days in April 2022, to 26 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes
Back to Table of Contents
25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 105.1% in April 2022, to 102% a year later.
Menlo Park What's in the Menlo Park data? In April, Menlo Park had 51 homes for sale; providing the market with 1.5 months of inventory. There are 30 new listings and a total of 16 homes sold. The median sale price was $3.5m, and the median overbid was 96.8%. The average time on the market was 19 days. There are 18 condo and townhome units for sale, providing the market with 4 months of inventory. There are 9 new listings for sale, and 1 condo sold with a median sale price of $1.7m. The median overbid was 93.2%, with an average of 15 days on the market.
SFH
Single-Family Homes
30
16
New Listings
Sold Listings
1.5
$3.5M
Months of Inventory
Median Sale Price
96.8%
19
Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
9
1
New Listings
Sold Listings
4
$1.7M
Months of Inventory
Median Sale Price
93.2%
9
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Menlo Park
APRIL 2022 - APRIL 2023
SO L D LISTING S
125
100
75
50
25
0
Single-Family Homes Last 12 months, year-over-year.
30
20
10
0
Single-Family Homes The median sales price has increased from $3m in April 2022, to $3.5m as of April 2023.
Condos & Townhomes The median sales price has increased from $1.3m in April 2022, to $1.7m as of April 2023.
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Median Sales Price
AVG Days On the Market
200
150
Single-Family Homes
100
The average days on market went up from 15 days in April 2022, to 19 days as of April 2023.
50
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 108.7% in April 2022, to 96.8% a year later.
The average days on market went down from 19 days in April 2022, to 15 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes 25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 106% in April 2022, to 93.2% a year later.
Back to Table of Contents
Los Altos What's in the Los Altos data? In April, Los Altos had 45 homes for sale; providing the market with 1.4 months of inventory. There are 25 new listings and a total of 14 homes sold. The median sale price was $4m, and the median overbid was 101.4%. The average time on the market was 10 days. There are 15 condo and townhome units for sale, providing the market with 1.8 months of inventory. There are 6 new listings for sale, and 2 condos sold with a median sale price of $1.6m. The median overbid was 101.6%, with an average of 62 days on the market.
SFH
Single-Family Homes
25
14
New Listings
Sold Listings
1.4
$4M
Months of Inventory
Median Sale Price
101.4% 10 Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
6
2
New Listings
Sold Listings
1.8
$1.6M
Months of Inventory
Median Sale Price
101.6%
62
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Los Altos
APRIL 2022 - APRIL 2023
SO L D LISTING S
125
100
75
50
25
0
Single-Family Homes Last 12 months, year-over-year.
25
20
15
10
5
0
Single-Family Homes The median sales price has decreased from $4.4m in April 2022, to $4m as of April 2023.
Condos & Townhomes The median sales price has decreased from $2.1m in April 2022, to $1.6m as of April 2023.
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Median Sales Price
AVG Days On the Market
200
150
Single-Family Homes
100
The average time spent on the market decreased from 20 days in April 2022, to 10 days as of April 2023.
50
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 115.2% in April 2022, to 101.4% a year later.
The average time spent on the market increased from 20 days in April 2022, to 62 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes
Back to Table of Contents
25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 109.1% in April 2022, to 101.6% a year later.
Mountain View What's in the Mountain View data? In April, Mountain View had 38 homes for sale, providing the market with 0.9 months of inventory. There are 26 new listings added, and a total of 11 homes were sold for a median sale price of $2.8m. The median overbid was 106%, with an average of 10 days on the market. There are 47 condo and townhome units for sale, providing the market with 0.8 months of inventory. A total of 24 new listings were added, and 16 condos were sold at a median sale price of $1.5m. The median overbid was 102.6%, with an average of 24 days on the market.
SFH
Single-Family Homes
26
11
New Listings
Sold Listings
0.9
$2.8M
Months of Inventory
Median Sale Price
106%
10
Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
24
16
New Listings
Sold Listings
0.8
$1.5M
Months of Inventory
Median Sale Price
102.6%
24
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Mountain View
APRIL 2022 - APRIL 2023
SO L D LISTING S
100
75
50
25
0
Single-Family Homes Last 12 months, year-over-year.
125
100
75
50
25
0
Median Sales Price Single-Family Homes The median sales price remained $2.8m in April 2022, and $2.8m as of April 2023.
$3,000,000
$2,000,000
$1,000,000
Condos & Townhomes $0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The median sales price has increased from $1.3m in April 2022, to $1.5m as of April 2023.
AVG Days On the Market
75
Single-Family Homes
50
The average time spent on the market decreased from 18 days in April 2022, to 10 days as of April 2023.
25
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 113.5% in April 2022, to 106% a year later.
The average time spent on the market increased from 16 days in April 2022, to 24 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes
Back to Table of Contents
25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 111.4% in April 2022, to 102.6% a year later.
San Mateo County What's in the San Mateo County data? There are 380 single-family homes for sale, providing 1.4 months of inventory. There are 388 new listings, and 227 homes sold at a median sale price of $1.8m. The median overbid percentage was 100.3%, with an average of 25 days on the market. There are 139 condo and townhome units for sale, providing 1.5 months of inventory. There are 133 new listings, and 70 units sold at a median sale price of $857k. The median overbid percentage was 100%, with an average of 36 days on the market.
SFH
Single-Family Homes
388
227
New Listings
Sold Listings
1.4
$1.8M
Months of Inventory
Median Sale Price
100.3% 25 Median Sale vs List
Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 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
133
70
New Listings
Sold Listings
1.5
$857K
Months of Inventory
Median Sale Price
100%
36
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
San Mateo County
APRIL 2022 - APRIL 2023
SO L D LISTING S
1,250
1,000
750
500
250
0
Single-Family Homes Last 12 months, year-over-year.
400
300
200
100
0
Single Family Homes The median sales price has decreased from $2.2m in April 2022, to $1.8m as of April 2023.
Condos & Townhomes The median sales price has decreased from $1m in April 2022, to $857k as of April 2023..
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Median Sales Price
AVG Days On the Market
60
Single Family Homes 40
The average time spent on the market increased from 13 days in April 2022, to 25 days as of April 2023.
20
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
The average time spent on the market increased from 18 days in April 2022, to 36 days as of April 2023.
Overbids 125%
Single Family Homes The overbid percentage has decreased from 112.5% in April 2022, to 100.3% a year later.
Condos & Townhomes
75%
50%
25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 105.3% in April 2022, to 100% a year later.
100%
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Santa Clara County What's in the Santa Clara County data? There are 651 single-family homes for sale, providing 1 month of inventory. There are 834 new listings, and 584 homes sold at a median sale price of $1.7m. The median overbid percentage was 102.7%, with an average of 19 days on the market. There are 254 condo and townhome units for sale, providing 0.9 months of inventory. There are 324 new listings, and 239 units sold at a median sale price of $928k. The median overbid percentage was 101.6%, with an average of 20 days on the market.
SFH
Single-Family Homes
834
584
New Listings
Sold Listings
1
$1.7M
Months of Inventory
Median Sale Price
102.7% 19 Median Sale vs List
Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area from April 2022 to April 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
324
239
New Listings
Sold Listings
0.9
$928K
Months of Inventory
Median Sale Price
101.6%
20
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Santa Clara County
APRIL 2022 - APRIL 2023
SO L D LISTING S
2,500
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
$2,000,000
Single-Family Homes
$1,500,000
The median sales price has decreased from $1.9m last April 2022, to $1.7m as of April 2023.
$1,000,000
The median sales price has decreased from $1m last April 2022, to $928k as of April 2023..
$500,000
$0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
Condos & Townhomes
AVG Days On the Market
40
30
Single-Family Homes
20
The average days on market went up from 10 days last April 2022, to 19 days as of April 2023.
10
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 114.4% last April 2022, to 102.7% a year later.
The average days on market went up from 11 days in April 2022, to 20 days as of April 2023.
125%
100%
75%
50%
Condos & Townhomes
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25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 110% last April 2022, to 101.6% a year later.
Sunnyvale What's in the Sunnyvale data? In April, Sunnyvale had 85 single-family homes for sale, resulting in 0.4 months of inventory. There are 55 new listings, and 43 homes sold for a median price of $2.2m. The median overbid was 107.4%, with an average of 13 days on the market. There are 39 condo and townhouse units for sale, providing the market with 0.7 months of inventory. There are 24 new listings, and 14 units sold for a median price of $1.1m. The median overbid was 99.9%, with an average of 13 days on the market.
SFH
Single-Family Homes
55
43
New Listings
Sold Listings
0.4
$2.2M
Months of Inventory
Median Sale Price
107.4% 13 Median Sale vs List
Avg Days on Market
This data was sourced from Broker Metrics on May 5th, 2023 and includes all singlefamily homes, condos, and townhomes in the California Area above from April 2022 to April 2023. This may include preliminary data, and 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. Palo Alto | DRE# 01511642 Copyright KW Advisors 2023. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
24
14
New Listings
Sold Listings
0.7
$1.1M
Months of Inventory
Median Sale Price
99.9%
13
Median Sale vs List
Avg Days on Market
20 22
20 22
20 22
20 22
20 22
20 22
Condos & Townhomes Last 12 months, year-over-year. Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
LISTING S F OR S A L E
Ap ril 20 23
Au gu st 20 22 Se pt em be r2 02 2 O ct ob er 20 22 N ov em be r2 02 2 De ce m be r2 02 2 Ja nu ar y 20 23 Fe br ua ry 20 23 M ar ch 20 23
Ju ly
Ju ne
M ay
Ap ril 20 22
Sunnyvale
APRIL 2022 - APRIL 2023
SO L D LISTING S
200
150
100
50
0
Single-Family Homes Last 12 months, year-over-year.
150
100
50
0
Median Sales Price Single-Family Homes The median sales price has decreased from $2.6m in April 2022, to $2.2m as of April 2023.
$3,000,000
$2,000,000
$1,000,000
Condos & Townhomes $0
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se pt 22 em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 Ja 2 nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The median sales price has decreased from $1.4m in April 2022, to $1.1m as of April 2023.
AVG Days On the Market
40
30
Single-Family Homes
20
The average time spent on the market increased from 11 days in April 2022, to 13 days as of April 2023.
10
Condos & Townhomes
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
0
Overbids Single-Family Homes The overbid percentage has decreased from 121.1% in April 2022, to 107.4% a year later.
The average time spent in the market has remained at 13 days since April 2022.
125%
100%
75%
50%
Condos & Townhomes
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25%
0%
Ap ril 20 22 M ay 20 22 Ju ne 20 22 Ju ly 20 22 Au gu st 20 Se 22 pt em be r2 02 O 2 ct ob er 20 N ov 22 em be r2 De 02 ce 2 m be r2 02 2 Ja nu ar y 20 Fe 23 br ua ry 20 23 M ar ch 20 23 Ap ril 20 23
The overbid percentage has decreased from 113.2% in April 2022, to 99.9% a year later.
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Seller's Guide How you sell a home today has changed in the recent years. This guide is designed to help you understand how real estate is sold in today's market and what you can expect.
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