Bright Homes Real Estate | July 2023 Market Report Palo Alto Area

July 2023
Copyright by KW Advisors 2023

Palo Alto
area
Palo Alto
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Los Altos
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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 the question you should be asking
yourself.
Our market is incredibly diverse and rapidly
changing. Values vary not just by neighborhood
but by street. Your home isn't necessarily worth
what your neighbors' home is. It's the current
market that sets the value of your home.
So, do you know what your home is worth in
today's market?
I can help...
Christina Hood
Broker Associate & Productivity Coach
DRE# 01820455
650.273.9900
hello@brighthomesre.com
BrightHomesRE.com
Contact me for a confidential, no obligation
assessment of your home's value.

Two Questions To Ask
Yourself if You’re
Considering Buying a Home
If you’re thinking of buying a home, chances are you’re paying
attention to just about everything you hear about the housing
market. And you’re getting your information from a variety of
channels: the news, social media, your real estate agent,
conversations with friends and loved ones, overhearing someone
chatting at the local supermarket, the list goes on and on. Most
likely, home prices and mortgage rates are coming up a lot.
To help cut through the noise and give you the information you
need most, take a look at what the data says. Here are the top
two questions you need to ask yourself about home prices and
mortgage rates as you make your decision:
1. Where Do I Think Home Prices Are Heading?
One reliable place you can turn to for that information is the Home
Price Expectation Survey from Pulsenomics – a survey of a
national panel of over one hundred economists, real estate
experts, and investment and market strategists.

According to the latest release, the experts surveyed are
projecting slight depreciation this year (see the red in the graph
below). But here’s the context you need most. The worst home
price declines are already behind us, and prices are actually
appreciating again in many markets. Not to mention, the small
0.37% depreciation HPES is showing for 2023 is far from the
crash some people originally said would happen.
Now, let’s look to the future. The green in the graph below shows
prices have turned a corner and are expected to appreciate in
2024 and beyond. After this year, the HPES is forecasting home
price appreciation returning to more normal levels for the next
several years.
So, why does this matter to you? It means your home will likely
grow in value and you should gain home equity in the years
ahead, but only if you buy now. If you wait, based on these
forecasts, the home will only cost you more later on.
2. Where Do I Think Mortgage Rates Are Heading?
Over the past year, mortgage rates have risen in response to
economic uncertainty, inflation, and more. We know based on the
latest reports that inflation, while still high, has moderated from its
peak. This is an encouraging sign for the market and for mortgage
rates. Here’s why.

When inflation cools, mortgage rates generally fall in response. This
may be why some experts are saying mortgage rates will pull back
slightly over the next few quarters and settle somewhere around
roughly 5.5 and 6% on average.
But, not even the experts can say with absolute certainty where
mortgage rates will be next year, or even next month. That’s because
there are so many factors that can impact what happens. So, to give
you a lens into the various possible outcomes, here’s what you should
consider:
If you buy now and mortgage rates don’t change: You made a
good move since home prices are projected to grow with time, so
at least you beat rising prices.
If you buy now and mortgage rates fall (as projected): You
probably still made a good decision because you got the house
before home prices appreciated more. And, you can always
refinance your home later on if rates are lower.
If you buy now and mortgage rates rise: If this happens, you made
a great decision because you bought before both the price of the
home and the mortgage rate went up.
Source:
Keeping Current Matters

Palo Alto
What's in the Palo Alto data?
In June, Palo Alto had 96 homes for sale,
providing the market with 1.5 months of inventory.
There were 40 new listings and a total of 41
homes sold. The median sale price was $3.4m,
and the median overbid was 98.2%. The average
time on the market was 27 days.
There are 28 condo and townhome units for sale,
providing the market with 1.8 months of inventory.
There were 14 new listings for sale and 10 condos
sold, with a median sale price of $1.4m and a
median overbid of 100.7%. The average time on
the market was 23 days.

SFH
Single-Family Homes
40
New Listings
41
Sold Listings
1.5
Months of Inventory
$3.4M
Median Sale Price
98.2%
Median Sale vs List
27
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
14
New Listings
10
Sold Listings
1.8
Months of Inventory
100.7%
Median Sale vs List
$1.4M
Median Sale Price
23
Avg Days on Market

Palo Alto
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
60
40
20
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$4,000,000
Single-Family Homes
$3,000,000
The median sales price has
decreased from $3.7m last
June 2022, to $3.4m as of
June 2023.
$2,000,000
Condos & Townhomes
The median sales price has
decreased from $1.6m last
June 2022, to $1.4m as of
June 2023.
$1,000,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
150
AVG Days
On the Market
100
50
Single-Family Homes
The average time spent on
the market went down from
28 days last June 2022, to 27
days as of June 2023.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
26 days in June 2022, to 23
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 98.5% last
June 2022, to 98.2% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 108.1% last
June 2022, to 100.7% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Redwood
City
What's in the Redwood City
data?
In June, Redwood City had 49 single-family homes
sold, with a median sale price of $2.1m. The
median overbid was 100.3%, and the average time
on the market was 16 days. In terms of inventory,
91 homes for sale provide the market with 1.1
months of inventory.
For condos, there were a total of 11 units sold.
The median sale price increased to $1.4m, and the
median overbid decreased to 99.8%. The average
time on the market fell to 15 days. There are
currently 21 condos for sale, providing the market
with 2 months of inventory.

SFH
Single-Family Homes
48
New Listings
49
Sold Listings
1.1
Months of Inventory
$2.1M
Median Sale Price
100.3%
Median Sale vs List
16
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
12
New Listings
11
Sold Listings
2
Months of Inventory
99.8%
Median Sale vs List
$1.4M
Median Sale Price
15
Avg Days on Market

Redwood City
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
200
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
60
40
20
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,500,000
Single-Family Homes
$2,000,000
The median sales price has
remained at $2.1m since
June 2022.
$1,500,000
$1,000,000
Condos & Townhomes
The median sales price has
increased from $1.3m last
June 2022, to $1.4m as of
June 2023.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
60
AVG Days
On the Market
40
20
Single-Family Homes
The average time spent on
the market went down from
19 days last June 2022, to 16
days as of June 2023.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
29 days in June 2022, to 15
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 108.2% last
June 2022, to 100.3% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 101% last
June 2022, to 99.8% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Portola
Valley
What's in the Portola Valley
data?
In June, there were 20 single-family homes for
sale, with 3 new listings and 8 homes sold. The
months of inventory was 3.8. The median sale
price was $3.4m, with an overbid of 92.3%. The
average days on the market were 37.
There is no data for condos and townhomes this
month.

SFH
Single-Family Homes
3
New Listings
8
Sold Listings
3.8
Months of Inventory
$3.4M
Median Sale Price
92.3%
Median Sale vs List
37
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
No Data For This Month.

Portola Valley
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
40
30
20
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
100
75
50
25
0
No Data For This Month.
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$7,500,000
Single-Family Homes
The median sales price has
decreased from $4.5m last
June 2022, to $3.4m as of
June 2023.
Condos & Townhomes
No Data For This Month.
$5,000,000
$2,500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
150
AVG Days
On the Market
100
50
Single-Family Homes
The average time spent on
the market went up from 30
days last June 2022, to 37
days as of June 2023.
Condos & Townhomes
No Data For This Month.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Overbids
125%
Single-Family Homes
The overbid percentage has
increased from 91.8% last
June 2022, to 92.3% a year
later.
Condos & Townhomes
No Data For This Month.
100%
75%
50%
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Menlo Park
What's in the Menlo Park data?
The real estate market in Menlo Park showed
strong demand for single-family homes, with only
2.3 months of inventory available. 31 new listings
and 30 homes were sold, providing 2.3 months of
inventory, with a median sale price of $2.8m and
median overbid of 99.3%. The average time on the
market was 47 days.
The condo market had 3 months of inventory
available. There were 6 new listings and 4 condos
sold, with a median sale price of $1.3m and a
median overbid of 100.6%. The average time on
the market for condos was 37 days.

SFH
Single-Family Homes
31
New Listings
30
Sold Listings
2.3
Months of Inventory
$2.8M
Median Sale Price
99.3%
Median Sale vs List
47
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
6
New Listings
4
Sold Listings
3
Months of Inventory
100.6%
Median Sale vs List
$1.3M
Median Sale Price
37
Avg Days on Market

Menlo Park
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
125
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
40
30
20
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
Single-Family Homes
$4,000,000
The median sales price has
decreased from $3.3m last
June 2022, to $2.8m as of
June 2023.
$3,000,000
$2,000,000
Condos & Townhomes
The median sales price has
decreased from $1.9m last
June 2022, to $1.3m as of
June 2023.
$1,000,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
200
AVG Days
On the Market
150
Single-Family Homes
100
The average time spent on
the market went up from 11
days last June 2022, to 47
days as of June 2023.
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went up from 16
days in June 2022, to 37 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 102.7% last
June 2022, to 99.3% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 104.9% last
June 2022, to 100.6% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Atherton
What's in the Atherton data?
In June, Los Altos had 39 single-family homes for
sale, providing the market with only 4.7 months of
inventory. There were 10 new listings added, and
12 homes sold. The median sale price for singlefamily
homes was $7.3m, with a median overbid
of 90.7%. The average time on the market for
single-family homes was 104 days.
On the other hand, the condo market in Los Altos
has a much smaller inventory, with only 1 unit for
sale. In June, 1 new listing was added, but no
condos were sold. The median sale price for
condos was unavailable as there were no sales.
There is no median overbid percentage for June.

SFH
Single-Family Homes
10
New Listings
12
Sold Listings
4.7
Months of Inventory
$7.3M
Median Sale Price
90.7%
Median Sale vs List
104
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
1
New Listings
0
Sold Listings
0
Months of Inventory
0%
Median Sale vs List
$0
Median Sale Price
0
Avg Days on Market

Atherton
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
60
40
20
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
2
1.5
1
0.5
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$20,000,000
Single-Family Homes
$15,000,000
The median sales price has
decreased from $7.5m last
June 2022, to $7.3m as of
June 2023.
$10,000,000
Condos & Townhomes
The median sales price has
decreased from $841k last
June 2022, to $0 as of June
2023.
$5,000,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
125
AVG Days
On the Market
100
Single-Family Homes
75
50
The average time spent on
the market went up from 11
days last June 2022, to 104
days as of June 2023.
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
12 days in June 2022, to 0
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 98.8% last
June 2022, to 90.7% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 101.9% last
June 2022, to 0% a year later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Los Altos
What's in the Los Altos data?
In June, Los Altos had 49 single-family homes for
sale, providing the market with only 1.5 months of
inventory. There were 22 new listings added, and
25 homes sold. The median sale price for singlefamily
homes was $3.8m, with a median overbid
of 102.1%. The average time on the market for
single-family homes was 17 days.
On the other hand, the condo market in Los Altos
has a much smaller inventory, with only 15 units
for sale. In June, 8 new listings were added, and 8
condos were sold. The median sale price for
condos was $1.6m. The median overbid
percentage for June was 99.8%. The average time
on the market was 21 days.

SFH
Single-Family Homes
22
New Listings
25
Sold Listings
1.5
Months of Inventory
$3.8M
Median Sale Price
102.1%
Median Sale vs List
17
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
8
New Listings
8
Sold Listings
1.4
Months of Inventory
99.8%
Median Sale vs List
$1.6M
Median Sale Price
21
Avg Days on Market

Los Altos
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
125
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
25
20
15
10
5
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
Single-Family Homes
$4,000,000
The median sales price has
decreased from $4.2m last
June 2022, to $3.8m as of
June 2023.
$3,000,000
$2,000,000
Condos & Townhomes
The median sales price has
increased from $1.3m last
June 2022, to $1.6m as of
June 2023.
$1,000,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
200
AVG Days
On the Market
150
Single-Family Homes
100
The average time spent on
the market has remained at
17 days since June 2022.
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
30 days in June 2022, to 21
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 106.2% last
June 2022, to 102.1% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
increased from 98% last June
2022, to 99.8% a year later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

San Jose
What's in the San Jose data?
In June, San Jose had 598 single-family homes for
sale, providing the market with only 0.7 months of
inventory. There were 350 new listings, and 365
homes were sold. The median sale price for
single-family homes was $1.6m, and the median
overbid was 104.5%. The average time on the
market for single-family homes was 20 days.
There are 282 condo and townhome units,
providing the market with 1 month of inventory.
There were 162 new listings and 138 condos sold.
The median sale price for condos was $865k, and
the median overbid was 103.5%. The average time
on the market for condos was 19 days.

SFH
Single-Family Homes
350
New Listings
365
Sold Listings
0.7
Months of Inventory
$1.6M
Median Sale Price
104.5%
Median Sale vs List
20
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
162
New Listings
138
Sold Listings
1
Months of Inventory
103.5%
Median Sale vs List
$865K
Median Sale Price
19
Avg Days on Market

San Jose
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
2,000
1,500
1,000
500
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
750
500
250
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
Single-Family Homes
$1,500,000
The median sales price has
increased from $1.5m last
June 2022, to $1.6m as of
June 2023.
$1,000,000
Condos & Townhomes
The median sales price has
increased from $845k last
June 2022, to $865k as of
June 2023.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
50
AVG Days
On the Market
40
Single-Family Homes
30
20
The average time spent on
the market has remained at
20 days since last June.
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market remained at 19
days since last June.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 104.6% last
June 2022, to 104.5% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 105.2% last
June 2022, to 103.5% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Mountain
View
What's in the Mountain View
data?
In June, Mountain View had 37 homes for sale,
providing the market with 0.7 months of inventory.
There were 21 new listings added, and a total of
25 homes were sold with a median sale price of
$2.5m. The median overbid was 106.2%, and the
average time on the market was 18 days.
There are 42 condo and townhome units for sale,
providing the market with 1.6 months of inventory.
24 new listings were added, and a total of 22
condos were sold with a median sale price of
$1.3m. The median overbid was 103%, and the
average time on the market was 26 days.

SFH
Single-Family Homes
21
New Listings
25
Sold Listings
0.7
Months of Inventory
$2.5M
Median Sale Price
106.2%
Median Sale vs List
18
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
24
New Listings
22
Sold Listings
1.6
Months of Inventory
103%
Median Sale vs List
$1.3M
Median Sale Price
26
Avg Days on Market

Mountain View
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
125
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$3,000,000
Single-Family Homes
The median sales price has
increased from $2.3m last
June 2022, to $2.5m as of
June 2023.
$2,000,000
$1,000,000
Condos & Townhomes
The median sales price has
increased from $1.1m last
June 2022, to $1.3m as of
June 2023.
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
75
AVG Days
On the Market
50
Single-Family Homes
The average time spent on
the market has remained at
18 days since last June.
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went up from 19
days in June 2022, to 26 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 106.5% last
June 2022, to 106.2% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 105.2% last
June 2022, to 103% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

San Mateo
County
What's in the San Mateo County
data?
In June, San Mateo had 440 single-family homes
for sale, providing the market with 1.6 months of
inventory. There were 412 new listings and a total
of 364 homes sold. The median sale price for
single-family homes was $1.9m. The median
overbid for single-family homes was 101.3%,
which is the same as in January. The average time
on the market for single-family homes was 21
days.
There were 163 condo and townhome units for
sale, providing 1.8 months of inventory for the
market. There were 126 new listings for sale and a
total of 114 condos sold for a median price of
$982k. The median overbid was 101%. The
average time on the market was 19 days.

SFH
Single-Family Homes
412
New Listings
364
Sold Listings
1.6
Months of Inventory
$1.9M
Median Sale Price
101.3%
Median Sale vs List
21
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
126
New Listings
114
Sold Listings
1.8
Months of Inventory
101%
Median Sale vs List
$982K
Median Sale Price
19
Avg Days on Market

San Mateo
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
1,250
1,000
750
500
250
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
400
300
200
100
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,500,000
Single-Family Homes
$2,000,000
The median sales price has
decreased from $2m last
June 2022, to $1.9m as of
June 2023.
$1,500,000
$1,000,000
Condos & Townhomes
The median sales price has
increased from $940k last
June 2022, to $982k as of
June 2023.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
60
AVG Days
On the Market
40
20
Single-Family Homes
The average time spent on
the market went up from 15
days last June 2022, to 21
days as of June 2023.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
20 days in June 2022, to 19
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 107.7% last
June 2022, to 101.3% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 102.6% last
June 2022, to 100.9% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Santa Clara
County
What's in the Santa Clara
County data?
Santa Clara had 612 single-family homes for sale
in June, providing the market with 1 month of
inventory. In June, there were 785 new listings and
a total of 787 homes sold, with a median sale
price of $1.8m. The median overbid was 103.9%,
and the average time on the market was 17 days.
There are currently a total of 272 units for sale,
providing the market with 1.1 months of inventory.
There were 272 new listings for sale and a total of
304 condos sold with a median sale price of $1m.
The median overbid was 102.3%, and the average
time on the market was 18 days.

SFH
Single-Family Homes
785
New Listings
787
Sold Listings
1
Months of Inventory
$1.8M
Median Sale Price
103.9%
Median Sale vs List
17
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
272
New Listings
304
Sold Listings
1.1
Months of Inventory
102.3%
Median Sale vs List
$1M
Median Sale Price
18
Avg Days on Market

Santa Clara County
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
2,500
2,000
1,500
1,000
500
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
1,250
1,000
750
500
250
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
Single-Family Homes
$1,500,000
The median sales price has
remained at $1.8m since last
June.
$1,000,000
Condos & Townhomes
The median sales price has
increased from $965k last
June 2022, to $1m as of June
2023.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
40
AVG Days
On the Market
30
Single-Family Homes
20
The average time spent on
the market went up from 14
days last June 2022, to 17
days as of June 2023.
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went up from 14
days in June 2022, to 18 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 104.9% last
June 2022, to 103.9% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 104% last
June 2022, to 102.3% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Monterey
County
What's in the Monterey County
data?
In June, Monterey had a total of 495 single-family
homes on the market, providing 2 months of
inventory. There were 212 new listings and a total
of 156 homes sold, with a median sale price of
$800k and a median overbid of 97.7%. The
average time on the market decreased to 32 days.
52 condo and townhome units were available for
sale, providing the market with 2.2 months of
inventory. There were 23 new listings and a total
of 28 condos sold, with a median sale price of
$767k and a median overbid of 96.7%. The
average time on the market remained relatively
stable at 32 days.

SFH
Single-Family Homes
212
New Listings
156
Sold Listings
2
Months of Inventory
$800K
Median Sale Price
97.7%
Median Sale vs List
32
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
23
New Listings
28
Sold Listings
2.2
Months of Inventory
96.7%
Median Sale vs List
$767K
Median Sale Price
32
Avg Days on Market

Monterey County
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
1,000
750
500
250
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$1,000,000
Single-Family Homes
$750,000
The median sales price has
decreased from $852k last
June 2022, to $800k as of
June 2023.
$500,000
Condos & Townhomes
The median sales price has
increased from $550k last
June 2022, to $767k as of
June 2023.
$250,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
75
AVG Days
On the Market
50
25
Single-Family Homes
The average time spent on
the market went up from 31
days last June 2022, to 32
days as of June 2023.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went up from 18
days in June 2022, to 32 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
increased from 97.2% last
June 2022, to 97.7% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 101.4% last
June 2022, to 96.7% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Santa Cruz
County
What's in the Santa Cruz
County data?
In June, Santa Cruz had 422 single-family homes
for sale, providing the market with 2 months of
inventory. There were 188 new listings added, and
a total of 149 homes sold. The median sale price
for single-family homes was $1.2m, and the
median overbid was 99.8%. The average time on
the market was 30 days.
There were 68 condo and townhome units for
sale, providing 1.8 months of inventory for the
market. There were 28 new listings for sale, and a
total of 26 condos were sold. The median sale
price for condos was $791k, with a median
overbid of 101%. The average time on the market
was 21 days.

SFH
Single-Family Homes
188
New Listings
149
Sold Listings
2
Months of Inventory
$1.2M
Median Sale Price
99.8%
Median Sale vs List
30
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
28
New Listings
26
Sold Listings
1.8
Months of Inventory
101%
Median Sale vs List
$791K
Median Sale Price
21
Avg Days on Market

Santa Cruz County
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
600
400
200
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.3m last
June 2022, to $1.2m as of
June 2023.
$1,000,000
$500,000
Condos & Townhomes
The median sales price has
decreased from $800k last
June 2022, to $791k as of
June 2023.
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
80
AVG Days
On the Market
60
Single-Family Homes
40
The average time spent on
the market went up from 21
days last June 2022, to 30
days as of June 2023.
20
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
30 days in June 2022, to 21
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 101.7% last
June 2022, to 99.8% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 102.2% last
June 2022, to 101% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

East
Palo Alto
What's in the East Palo Alto
data?
In June, East Palo Alto had 15 single-family
homes for sale, providing the market with 1.2
months of inventory. 6 new listings were added,
and 6 homes were sold at a median of $1m. The
average time on the market was 17 days, with a
median overbid of 101.6%.
There were only 4 condo and townhouse units for
sale, providing the market with no inventory, and 2
new listings were added in June. No condos were
sold in either January or June. The average time
on the market for condos was 22 days.

SFH
Single-Family Homes
6
New Listings
6
Sold Listings
1.2
Months of Inventory
$1M
Median Sale Price
101.6%
Median Sale vs List
17
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
2
New Listings
0
Sold Listings
0
Months of Inventory
0%
Median Sale vs List
$0
Median Sale Price
0
Avg Days on Market

East Palo Alto
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
40
30
20
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
8
6
4
2
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$1,500,000
Single-Family Homes
The median sales price has
decreased from $1.3m last
June 2022, to $1m as of June
2023.
$1,000,000
$500,000
Condos & Townhomes
The median sales price has
remained at $0 since last
June.
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
100
AVG Days
On the Market
75
Single-Family Homes
50
The average time spent on
the market went down from
31 days last June 2022, to 17
days as of June 2023.
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from 8
days in June 2022, to 0 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 106.3% last
June 2022, to 101.6% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
remained at 0% last June.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Sunnyvale
What's in the Sunnyvale data?
Sunnyvale had 75 single-family homes for sale in
June, with 39 new listings, resulting in 0.6 months
of inventory. The median sale price for singlefamily
homes was $2.3m, and 54 homes were
sold with a median overbid of 107.7% and an
average time on the market of 15 days.
There were 35 condo and townhouse units for
sale, with 21 new listings, providing the market
with 0.4 months of inventory. The median sale
price for condos was $1.2m, and 21 condos were
sold with a median sale over ask percentage of
104.8%. The average time spent on the market
was 14 days.

SFH
Single-Family Homes
39
New Listings
54
Sold Listings
0.6
Months of Inventory
$2.3M
Median Sale Price
107.7%
Median Sale vs List
15
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
21
New Listings
21
Sold Listings
0.4
Months of Inventory
104.8%
Median Sale vs List
$1.2M
Median Sale Price
14
Avg Days on Market

Sunnyvale
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
200
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,500,000
Single-Family Homes
$2,000,000
The median sales price has
decreased from $2.4m last
June 2022, to $2.3m as of
June 2023.
$1,500,000
$1,000,000
Condos & Townhomes
The median sales price has
remained at $1.2m since last
June.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
40
AVG Days
On the Market
30
Single-Family Homes
20
The average time spent on
the market has remained at
15 days since last June.
10
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
18 days in June 2022, to 14
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 110.1% last
June 2022, to 107.7% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 107.4% last
June 2022, to 104.8% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Santa Clara
City
What's in the Santa Clara City
data?
In June, Santa Clara had a total number of 60
single-family homes for sale, providing only 0.4
months of inventory. There were 35 new listings
and 41 homes sold, with the median sale price at
$1.7m and the median overbid at 107.1%. There
was an average of 14 days on the market.
There were 39 units for sale, providing 0.8 months
of inventory. There were 21 new listings and 16
condo units sold, with the median sale price at
$948k and the median overbid at 104.6%. The
average time on the market also decreased to 18
days.

SFH
Single-Family Homes
35
New Listings
41
Sold Listings
0.4
Months of Inventory
$1.7M
Median Sale Price
107.1%
Median Sale vs List
14
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
21
New Listings
16
Sold Listings
0.8
Months of Inventory
104.6%
Median Sale vs List
$948K
Median Sale Price
18
Avg Days on Market

Santa Clara City
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
150
100
50
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$2,000,000
Single-Family Homes
$1,500,000
The median sales price has
decreased from $1.8m last
June 2022, to $1.7m as of
June 2023.
$1,000,000
Condos & Townhomes
The median sales price has
increased from $940k last
June 2022, to $948k as of
June 2023.
$500,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
60
AVG Days
On the Market
40
20
Single-Family Homes
The average time spent on
the market went down from
18 days last June 2022, to 14
days as of June 2023.
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went down from
20 days in June 2022, to 18
days as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
decreased from 107.7% last
June 2022, to 107.1% a year
later.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 105% last
June 2022, to 104.6% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Saratoga
What's in the Saratoga data?
In June, Saratoga had 42 single-family homes for
sale, providing the market 1.7 months of
inventory. There were 16 new listings and a total
of 17 homes sold, with a median sale price of
$4.1m. The median overbid was 102.1%, and the
average time on the market was 18 days.
There were 7 condo and townhome units for sale,
providing 0.4 months of inventory to the market.
There were 4 new listings for sale, and a total of 5
condos sold, with a median sale price of $1.3m.
The median overbid was 103.2%, and the average
time on the market was 15 days.

SFH
Single-Family Homes
16
New Listings
17
Sold Listings
1.7
Months of Inventory
$4.1M
Median Sale Price
102.1%
Median Sale vs List
18
Avg Days on Market
The data, sourced from InfoSparks and Broker Metrics, includes all single-family homes,
condos and townhomes in the California Area above from June 2022 to June 2023. This
may include preliminary data, and may vary from the time the data was gathered. All
data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors
San Francisco | Napa Valley 2023. Each office is independently owned and operated.

CONDO
Condo & Townhomes
4
New Listings
5
Sold Listings
0.4
Months of Inventory
103.2%
Median Sale vs List
$1.3M
Median Sale Price
15
Avg Days on Market

Saratoga
JUNE 2022 - JUNE 2023
LISTINGS FOR SALE
SOLD LISTINGS
100
75
50
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Single-Family Homes
Last 12 months, year-over-year.
15
10
5
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
Last 12 months, year-over-year.

Median
Sales Price
$5,000,000
Single-Family Homes
$4,000,000
The median sales price has
increased from $3.7m last
June 2022, to $4.1m as of
June 2023.
$3,000,000
$2,000,000
Condos & Townhomes
The median sales price has
remained at $1.3m since last
June.
$1,000,000
$0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
125
AVG Days
On the Market
100
Single-Family Homes
75
50
The average time spent on
the market went down from
29 days last June 2022, to 18
days as of June 2023.
25
0
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Condos & Townhomes
The average time spent on
the market went up from 14
days in June 2022, to 15 days
as of June 2023.
Overbids
125%
Single-Family Homes
100%
The overbid percentage has
remained at 102.1% since last
June.
75%
50%
Condos & Townhomes
The overbid percentage has
decreased from 107.8% last
June 2022, to 103.2% a year
later.
25%
0%
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Back to Table of Contents

Christina Hood (& Greg