BHRE March 2023 Market Report - Palo Alto Area

March 2023
Market
Report
Copyright by KW Advisors 2023

Palo Alto
area
Palo Alto
Jump to Palo Alto Report
Los Altos
Jump to Los Altos Report
Redwood City
Jump to Redwood City Report
San Jose
Jump to San Jose Report
Portola Valley
Jump to Portola Valley Report
Mountain View
Jump to Mountain View
Menlo Park
Jump to Menlo Report
San Mateo County
Jump to San Mateo County
Atherton
Jump to Atherton Report
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’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...
Full Name
REALTORR
DRE#
123.456.7890
email@email.com
your.website.here (optional)
Contact me for a confidential, no obligation
assessment of your home's value.

Is It Really Better To Rent
Than To Own a Home Right
Now?
You may have seen reports in the news recently saying it’s
better to rent right now than it is to own your home. But before
you let that impact your decisions, you should understand what
these claims are based on.
A lot of the time, these reports are assuming things that aren’t
realistic for the average household. For example, the
methodology behind one of those reports says that renting is the
smarter financial option because of the opportunity to invest
money elsewhere. It assumes renters take the money they’d
spend on costs tied to buying a home and put it in an investment
portfolio.

But here’s the thing – most people who rent aren’t making those
investments. Ken Johnson, Co-Author of the BH&J National Price-to-
Rent Index, explains:
“One of the difficulties with the rent and reinvest model is
many people . . . simply rent and spend the difference. . . .
That’s wealth destroying.”
The reason homeownership is one of the best investments you can
make is the wealth it helps you build. That’s why there’s a significant
difference between the net worth of the average homeowner and the
average renter (see graph below):
So, before you renew your rental agreement, think about the
opportunity to build wealth that homeownership provides.
Bottom Line
If you’re unsure whether to continue renting or to buy a home, work
with a real estate advisor who can help you make the best decision.
Source:
Keeping Current Matters

Palo Alto
What's in the Palo Alto data?
In February, Palo Alto had 79 homes for sale
providing the market with 1.3 months of
inventory. There were 36 new listings and a total
of 12 homes sold. The median sale price was
$3.6m, and the median overbid was 102%. The
average time on the market was 31 days.
There are 24 condo and townhome units for
sale, providing the market with 2.2 months of
inventory. There were 5 new listings for sale and
only 1 condo sold, with a median sale price of
$1.8m, and a median overbid of 100%. The
average time on the market was 24 days.

SFH
Single-Family Homes
36
New Listings
12
Sold Listings
1.3
Months of Inventory
$3.6M
Median Sale Price
102%
Median Sale vs List
31
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
5
New Listings
1
Sold Listings
2.2
Months of Inventory
100%
Median Sale vs List
$1.8M
Median Sale Price
24
Avg Days on Market

Palo Alto
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
60
40
20
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
$4,000,000
Single-Family Homes
$3,000,000
The median sales price has
decreased from $4.1m last
February 2022, to $3.6m as of
February 2023.
$2,000,000
$1,000,000
150
Condos & Townhomes
The median sales price has
increased from $1m last
February 2022, to $1.8m as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 11 days last
February 2022, to 31 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 9 days in
February 2022, to 24 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 113.3% last
February 2022, to 102% a year
later.
Condos & Townhomes
The overbid percentage has
decreased from 99.1% last
February 2022, to 100% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Redwood
City
What's in the Redwood City
data?
In February, Redwood City had 23 single-family
homes sold, a median sale price of $1.8m. The
median overbid was at 97.7% and the average
time on the market was 26 days. In terms of
inventory, there are currently 26 homes for sale
providing the market with 1.1 months of
inventory.
For condos, there were a total of 5 units sold.
The median sale price increased from to $1.2m,
and the median overbid decreased to 95.2%.
The average time on the market decreased to
30 days. There are currently 12 condos for sale
providing the market with 1.2 months of
inventory.

SFH
Single-Family Homes
26
New Listings
23
Sold Listings
1.1
Months of Inventory
$1.8M
Median Sale Price
97.7%
Median Sale vs List
26
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
12
New Listings
5
Sold Listings
1.2
Months of Inventory
95.2%
Median Sale vs List
$1.2M
Median Sale Price
30
Avg Days on Market

Redwood City
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
60
40
20
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
60
40
20
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$3,000,000
$2,000,000
Single-Family Homes
The median sales price has
decreased from $2.4m last
February 2022, to $1.8m as of
February 2023.
$1,000,000
60
Condos & Townhomes
The median sales price has
decreased from $1.7m last
February 2022, to $1.2m as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
40
20
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 12 days last
February 2022, to 26 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 11 days in
February 2022, to 30 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 116.2% last
February 2022, to 97.7% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 112.3% last
February 2022, to 95.2% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Portola
Valley
What's in the Portola Valley
data?
In February, there were 12 single-family homes
for sale with 6 new listings and 2 homes sold.
The median sale price was $6.7m with an
overbid of 84.3%. The average days on market
was 15.
There are currently no condos for sale,
inventory, new listings, or condo sales reported
in February and January.

SFH
Single-Family Homes
6
New Listings
2
Sold Listings
2
Months of Inventory
$6.7M
Median Sale Price
84.3%
Median Sale vs List
15
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
No data for this month

Portola Valley
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
40
30
20
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
100
No data for this month
75
50
25
0
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$7,500,000
$5,000,000
Single-Family Homes
The median sales price has
increased from $0 last
February 2022, to $6.7m as of
February 2023.
$2,500,000
Condos & Townhomes
No data for this month.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
150
AVG Days
On the Market
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 0 days last
February 2022, to 15 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 0 days in
February 2022, to 0 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
increased from 0% last
February 2022, to 84.3% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 0% last
February 2022, to 0% a year
later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Menlo Park
What's in the Menlo Park data?
The real estate market in Menlo Park shows a
strong demand for single-family homes, with
only 0.8 months of inventory currently available
for sale. In February, there were 21 new listings
and 22 homes sold, providing 0.8 months of
inventory; with a median sale price of $4.2m and
median overbid of 96.5%. The average time on
the market was 22 days.
The condo market in Menlo Park has 1.2
months of inventory currently available for sale.
There were 3 new condo listings and 1 condo
sold, with a median sale price of $1.2m and a
median overbid of 98.1%. The average time on
the market for condos was 52 days.

SFH
Single-Family Homes
21
New Listings
22
Sold Listings
0.8
Months of Inventory
$4.2M
Median Sale Price
96.5%
Median Sale vs List
22
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
3
New Listings
1
Sold Listings
1.2
Months of Inventory
98.1%
Median Sale vs List
$1.2M
Median Sale Price
52
Avg Days on Market

Menlo Park
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
125
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
30
20
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
$4,000,000
Single-Family Homes
$3,000,000
The median sales price has
increased from $3.4m last
February 2022, to $4.2m as of
February 2023.
$2,000,000
$1,000,000
75
Condos & Townhomes
The median sales price has
decreased from $1.8m last
February 2022, to $1.2m as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 8 days last
February 2022, to 22 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 12 days in
February 2022, to 52 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 107.6% last
February 2022, to 96.5% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 100.5% last
February 2022, to 98.1% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Atherton
What's in the Atherton data?
In February, Atherton had 27 single-family
homes for sale, providing the market with 2.7
months of inventory. There were 6 new listings
and a total of 9 homes sold, with a median sale
price of $10.5m. The median sale overbid was
89.0%, and the average time on the market was
89 days.
There are currently no condos for sale,
inventory, new listings, or condo sales reported
in February and January.

SFH
Single-Family Homes
6
New Listings
9
Sold Listings
2.7
Months of Inventory
$10.5M
Median Sale Price
89%
Median Sale vs List
89
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
No data for this month

Atherton
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
50
40
30
20
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
100
No data for this month
75
50
25
0
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$20,000,000
$15,000,000
Single-Family Homes
The median sales price has
decreased from $16.8m last
February 2022, to $10.5m as
of February 2023.
$10,000,000
$5,000,000
Condos & Townhomes
No data for this month.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
100
AVG Days
On the Market
75
Single-Family Homes
50
The average days on market
went up from 7 days last
February 2022, to 89 days as
of February 2023.
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went up from 0 days in
February 2022, to 0 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 96.1% last
February 2022, to 89% a year
later.
Condos & Townhomes
The overbid percentage has
decreased from 0% last
February 2022, to 0% a year
later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Los Altos
What's in the Los Altos data?
In February, Los Altos had 32 single-family homes
for sale, providing the market with only 0.7 months
of inventory. There were 14 new listings added, and
10 homes sold. The median sale price for singlefamily
homes was $4.9m, with a median overbid of
94.3%. The average time on the market for singlefamily
homes was 28 days.
On the other hand, the condo market in Los Altos
has a much smaller inventory with only 8 units for
sale. In February, 3 new listings were added, but no
condos were sold. The median sale price for condos
was not available as there were no sales. The
median sale over ask percentage for February was
94.3%.

SFH
Single-Family Homes
14
New Listings
10
Sold Listings
0.7
Months of Inventory
$4.9M
Median Sale Price
94.3%
Median Sale vs List
28
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
3
New Listings
0
Sold Listings
0
Months of Inventory
94.3%
Median Sale vs List
$0
Median Sale Price
0
Avg Days on Market

Los Altos
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
125
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
25
20
15
10
5
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
$4,000,000
Single-Family Homes
$3,000,000
The median sales price has
increased from $4.6m last
February 2022, to $4.9m as of
February 2023.
$2,000,000
$1,000,000
200
Condos & Townhomes
The median sales price has
decreased from $1.3m last
February 2022, to $0 as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
150
Single-Family Homes
100
The average days on market
went up from 9 days last
February 2022, to 28 days as
of February 2023.
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went down from 12 days in
February 2022, to 0 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 115.2% last
February 2022, to 94.3% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 97.9% last
February 2022, to 0% a year
later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

San Jose
What's in the San Jose data?
In February, San Jose had 520 single-family
homes for sale, providing the market with only
0.8 months of inventory. There were 269 new
listings, and 165 homes were sold. The median
sale price for single-family homes was $1.4m,
and the median overbid was 99.8%. The average
time on the market for single-family homes was
23 days.
There are 244 condo and townhome units,
providing the market with 0.8 months of
inventory. There were 108 new listings and 102
condos sold. The median sale price for condos
was $755k, and the median overbid was 99.6%.
The average time on the market for condos was
30 days.

SFH
Single-Family Homes
269
New Listings
165
Sold Listings
0.8
Months of Inventory
$1.4M
Median Sale Price
99.8%
Median Sale vs List
23
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
108
New Listings
102
Sold Listings
0.8
Months of Inventory
99.6%
Median Sale vs List
$755K
Median Sale Price
30
Avg Days on Market

San Jose
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
2,000
1,500
1,000
500
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
750
500
250
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.6m last
February 2022, to $1.4m as of
February 2023.
$1,000,000
$500,000
50
Condos & Townhomes
The median sales price has
decreased from $860k last
February 2022, to $755k as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
40
30
20
Single-Family Homes
The average days on market
went up from 9 days last
February 2022, to 23 days as
of February 2023.
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went up from 11 days in
February 2022, to 30 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 117.6% last
February 2022, to 99.8% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 109.5% last
February 2022, to 99.6% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Mountain
View
What's in the Mountain View
data?
In February, Mountain View had 22 homes for
sale, providing the market with 0.8 months of
inventory. There were 8 new listings added, and
a total of 12 homes were sold with a median
sale price of $2.6m. The median overbid was
100%, and the average time on the market was
25 days.
There are 41 condo and townhome units for
sale, providing the market with 0.9 months of
inventory. 17 new listings were added, and a
total of 13 condos were sold with a median sale
price of $1.4m. The median overbid was 103%,
and the average time on the market was 17
days.

SFH
Single-Family Homes
8
New Listings
12
Sold Listings
0.8
Months of Inventory
$2.6M
Median Sale Price
100%
Median Sale vs List
25
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
17
New Listings
13
Sold Listings
0.9
Months of Inventory
103%
Median Sale vs List
$1.4M
Median Sale Price
17
Avg Days on Market

Mountain View
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
125
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$4,000,000
$3,000,000
Single-Family Homes
The median sales price has
increased from $2.5m last
February 2022, to $2.6m as of
February 2023.
$2,000,000
$1,000,000
75
Condos & Townhomes
The median sales price is the
same with $1.4m last
February 2022 and $1.4m as
of February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 10 days last
February 2022, to 25 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 9 days in
February 2022, to 17 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 122.6% last
February 2022, to 100% a year
later.
Condos & Townhomes
The overbid percentage has
decreased from 107.7% last
February 2022, to 103% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

San Mateo
County
What's in the San Mateo
County data?
In February, San Mateo had 296 single-family
homes for sale, providing the market with 0.9
months of inventory. There were 264 new
listings and a total of 176 homes sold. The
median sale price for single-family homes was
$2m. The median overbid for single-family
homes was 100.0%, which is the same as in
January. The average time on the market for
single-family homes was 35 days.
There were 138 condo and townhome units for
sale, providing the market with 1.3 months of
inventory. There were 107 new listings for sale
and a total of 72 condos sold. The median sale
price for condos was $983k. The median
overbid was 99.2%. The average time on the
market was 45 days.

SFH
Single-Family Homes
264
New Listings
176
Sold Listings
0.9
Months of Inventory
$2M
Median Sale Price
100%
Median Sale vs List
35
Avg Days on Market
This data was sourced from InfoSparks on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
107
New Listings
72
Sold Listings
1.3
Months of Inventory
99.2%
Median Sale vs List
$983K
Median Sale Price
45
Avg Days on Market

San Mateo
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
1,250
1,000
750
500
250
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2023
August 2023
September 2023
October 2023
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
400
300
200
100
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2023
August 2023
September 2023
October 2023
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,500,000
$2,000,000
Single-Family Homes
$1,500,000
The median sales price has
decreased from $1.97m last
February 2022, to $2m as of
February 2023.
$1,000,000
$500,000
60
Condos & Townhomes
The median sales price has
decreased from $1m last
February 2022, to $983k as of
February 2023.
$0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2023
August 2023
September 2023
October 2023
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
40
20
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 16 days last
February 2022, to 35 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 26 days in
February 2022, to 45 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 114% last
February 2022, to 100% a year
later.
Condos & Townhomes
The overbid percentage has
decreased from 105.4% last
February 2022, to 99.2% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Santa Clara
County
What's in the Santa Clara
County data?
In February, Santa Clara had 543 single-family
homes for sale providing the market with 0.8
months of inventory. In February, there were 624
new listings and a total of 352 homes sold, with
a median sale price of $1.5m. The median
overbid was 100%, and the average time on the
market was 33 days.
There are currently a total of 229 units for sale
providing the market with 0.7 months of
inventory. There were 243 new listings for sale,
and a total of 183 condos sold with a median
sale price of $850k. The median overbid was
100%, and the average time on the market was
33 days.

SFH
Single-Family Homes
624
New Listings
352
Sold Listings
0.8
Months of Inventory
$1.5M
Median Sale Price
100%
Median Sale vs List
33
Avg Days on Market
This data was sourced from InfoSparks on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
243
New Listings
183
Sold Listings
0.7
Months of Inventory
100%
Median Sale vs List
$850K
Median Sale Price
33
Avg Days on Market

Santa Clara County
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
2,500
2,000
1,500
1,000
500
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
1,250
1,000
750
500
250
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.8m last
February 2022, to $1.5m as of
February 2023.
$1,000,000
$500,000
40
Condos & Townhomes
The median sales price has
decreased from $985k last
February 2022, to $850k as of
February 2023.
$0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
30
Single-Family Homes
20
The average days on market
went up from 15 days last
February 2022, to 33 days as
of February 2023.
10
0
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went up from 16 days in
February 2022, to 33 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 115.8% last
February 2022, to 100% a year
later.
Condos & Townhomes
The overbid percentage has
decreased from 107.9% last
February 2022, to 100% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2023
May 2023
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Monterey
County
What's in the Monterey County
data?
In February, Monterey had a total of 461 singlefamily
homes on the market, providing 1.7
months of inventory. In February, there were 155
new listings and a total of 98 homes sold, with a
median sale price of $783k and a median
overbid of 96.5%. The average days on the
market decreased to 54 days.
For condos and townhomes, there were 56 units
for sale providing the market with 0.8 months of
inventory. In February, there were 26 new
listings and a total of 23 condos sold, with a
median sale price of $645k and a median
overbid of 97.1%. The average time on the
market remained relatively stable at 50 days.

SFH
Single-Family Homes
155
New Listings
95
Sold Listings
1.7
Months of Inventory
$783K
Median Sale Price
96.5%
Median Sale vs List
54
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
26
New Listings
23
Sold Listings
0.8
Months of Inventory
97.1%
Median Sale vs List
$645K
Median Sale Price
50
Avg Days on Market

Monterey County
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
1,000
750
500
250
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$1,000,000
$750,000
Single-Family Homes
The median sales price has
decreased from $882k last
February 2022, to $783k as of
February 2023.
$500,000
$250,000
75
Condos & Townhomes
The median sales price has
decreased from $607k last
February 2022, to $645k as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 24 days last
February 2022, to 54 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 24 days in
February 2022, to 50 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 95.7% last
February 2022, to 96.5% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 100.3% last
February 2022, to 97.1% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Santa Cruz
County
What's in the Santa Cruz
County data?
In February, Santa Cruz had 251 single-family
homes for sale, providing the market with 1.8
months of inventory. There were 96 new listings
added, and a total of 57 homes sold. The
median sale price for single-family homes in
February was $1.2m, and the median overbid
was 95.4%. The average time on the market was
51 days.
For condos, there were 49 units for sale,
providing the market with 1.5 months of
inventory. There were 24 new listings for sale,
and a total of 14 condos were sold. The median
sale price for condos was $838k, with a median
overbid of 99.8%. The average time on the
market was 43 days.

SFH
Single-Family Homes
96
New Listings
57
Sold Listings
1.8
Months of Inventory
$1.2M
Median Sale Price
95.4%
Median Sale vs List
51
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
New Listings
14
Sold Listings
1.5
Months of Inventory
99.8%
Median Sale vs List
$838K
Median Sale Price
43
Avg Days on Market

Santa Cruz County
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
600
400
200
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.3m last
February 2022, to $1.2m as of
February 2023.
$1,000,000
$500,000
75
Condos & Townhomes
The median sales price has
decreased from $830k last
February 2022, to $838k as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 22 days last
February 2022, to 51 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 13 days in
February 2022, to 43 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 104.6% last
February 2022, to 95.4% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 108% last
February 2022, to 99.8% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

East
Palo Alto
What's in the East Palo Alto
data?
In February, East Palo Alto had 11 single-family
homes for sale, providing the market with 2.3
months of inventory, and 4 new listings were
added during the month. The median sale price
for single-family homes was $950k with 3
homes sold, and the average time on the market
was 15 days, with a median overbid of 92.5%.
For condos, there were only 2 units for sale,
providing the market with 1 month of inventory,
and there were no new listings added in
February. No condos were sold in either January
or February. The average time on the market for
condos was 22 days.

SFH
Single-Family Homes
4
New Listings
3
Sold Listings
2.3
Months of Inventory
$950K
Median Sale Price
92.5%
Median Sale vs List
15
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
0
New Listings
0
Sold Listings
1
Months of Inventory
0%
Median Sale vs List
$0
Median Sale Price
22
Avg Days on Market

East Palo Alto
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
50
40
30
20
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
10
7.5
5
2.5
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$1,500,000
$1,000,000
Single-Family Homes
The median sales price has
decreased from $1.1m last
February 2022, to $950k as of
February 2023.
$500,000
100
Condos & Townhomes
The median sales price has
decreased from $470k last
February 2022, to $0 as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
75
Single-Family Homes
50
The average days on market
went down from 25 days last
February 2022, to 15 days as
of February 2023.
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went down from 40 days in
February 2022, to 22 days as
of February 2023.
Overbid
125%
Single-Family Homes
The overbid percentage has
decreased from 104.5% last
February 2022, to 92.5% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 94% last
February 2022, to 0% a year
later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Sunnyvale
What's in the Sunnyvale data?
In February, Sunnyvale had 74 single-family
homes for sale with 42 new listings, resulting in
0.7 months of inventory. The median sale price
for single-family homes was $2m, and 20
homes were sold with a median overbid of
101.4% and average time on the market of 19
days.
For condos, there were 31 units for sale with 16
new listings in February, providing the market
with 0.5 months of inventory. The median sale
price for condos was $1.1m, and 9 condos were
sold with a median sale over ask percentage of
103.7% and average of 31 days on the market.

SFH
Single-Family Homes
42
New Listings
20
Sold Listings
0.7
Months of Inventory
$2M
Median Sale Price
101.4%
Median Sale vs List
19
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
16
New Listings
9
Sold Listings
0.5
Months of Inventory
103.7%
Median Sale vs List
$1.1M
Median Sale Price
31
Avg Days on Market

Sunnyvale
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
200
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$3,000,000
$2,000,000
Single-Family Homes
The median sales price has
decreased from $2.5m last
February 2022, to $2m as of
February 2023.
$1,000,000
40
Condos & Townhomes
The median sales price has
decreased from $1.4m last
February 2022, to $1.1m as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
30
Single-Family Homes
20
The average days on market
went up from 8 days last
February 2022, to 19 days as
of February 2023.
10
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went up from 11 days in
February 2022, to 31 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 123.5% last
February 2022, to 101.4% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 113.5% last
February 2022, to 103.7% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Santa Clara
City
What's in the Santa Clara City
data?
In February, Santa Clara had total number of 53
single-family homes for sale, providing only 1
month of inventory. There were 30 new listings
and 15 homes sold, with the median sale price
at $1.6m and the median overbid at 104%. There
was an average of 14 days on the market.
For condos there were 37 units for sale,
providing only 0.8 months of inventory. There
were 18 new listings and 12 condo units sold,
with the median sale price at $963k and the
median overbid at 102%. The average days on
the market also decreased to 17.

SFH
Single-Family Homes
30
New Listings
15
Sold Listings
1
Months of Inventory
$1.6M
Median Sale Price
104.4%
Median Sale vs List
14
Avg Days on Market
The data, sourced from InfoSparks, on March 3rd, 2023 includes all single-family homes,
condos, and townhomes in the California Area above from February 2022 to February
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
18
New Listings
12
Sold Listings
0.8
Months of Inventory
102.1%
Median Sale vs List
$963K
Median Sale Price
17
Avg Days on Market

Santa Clara City
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
200
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.9m last
February 2022, to $1.6m as of
February 2023.
$1,000,000
$500,000
60
Condos & Townhomes
The median sales price has
increased from $940k last
February 2022, to $963k as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
40
20
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
The average days on market
went up from 9 days last
February 2022, to 14 days as
of February 2023.
Condos & Townhomes
The average days on market
went up from 10 days in
February 2022, to 17 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 122.6% last
February 2022, to 104.4% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 109.8% last
February 2022, to 102.1% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Saratoga
What's in the Saratoga data?
In February, Saratoga had 44 single-family
homes for sale, providing the market with 1.7
months of inventory. There were 21 new listings,
and a total of 5 homes sold, with a median sale
price of $3.7m. The median overbid was 97.3%,
and the average time on the market was 42
days.
In terms of condos, there are currently 4 units
for sale, with no months of inventory. In
February, there were no new listings for sale,
and a total of 2 condos sold, with a median sale
price of $928k.

SFH
Single-Family Homes
21
New Listings
5
Sold Listings
1.7
Months of Inventory
$3.7M
Median Sale Price
97.3%
Median Sale vs List
42
Avg Days on Market
This data was sourced from Broker Metrics on March 3rd, 2023 and includes all singlefamily
homes, condos, and townhomes in the California Area above from February 2022
to February 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
0
New Listings
2
Sold Listings
0
Months of Inventory
89.4%
Median Sale vs List
$928K
Median Sale Price
0
Avg Days on Market

Saratoga
FEBRUARY 2022 - FEBRUARY 2023
LISTINGS FOR SALE
SOLD LISTINGS
100
75
50
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Single-Family Homes
Last 12 months, year-over-year.
15
10
5
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
$4,000,000
Single-Family Homes
$3,000,000
The median sales price has
decreased from $3.9m last
February 2022, to $3.7m as of
February 2023.
$2,000,000
$1,000,000
125
Condos & Townhomes
The median sales price has
decreased from $990k last
February 2022, to $928k as of
February 2023.
$0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
AVG Days
On the Market
100
75
50
Single-Family Homes
The average days on market
went up from 14 days last
February 2022, to 42 days as
of February 2023.
25
0
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Condos & Townhomes
The average days on market
went down from 8 days in
February 2022, to 0 days as
of February 2023.
Overbids
125%
Single-Family Homes
The overbid percentage has
decreased from 122.6% last
February 2022, to 104.4% a
year later.
Condos & Townhomes
The overbid percentage has
decreased from 111.9% last
February 2022, to 89.4% a
year later.
100%
75%
50%
25%
0%
February 2022
March 2022
April 2022
May 2022
June 2022
July 2022
August 2022
September 2022
October 2022
November 2022
December 2022
January 2023
February 2023
Back to Table of Contents

Christina Hood (& Greg