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Santa Clara County
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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?
Contact me for a confidential, no obligation assessment of your home's value.
If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s market because there are so few homes for sale right now. And historically, this is the time of year when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.
But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price. That’s because pricing your house too high may actually cost you in the long run.
The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away.
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 2,135 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.5 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 3,655 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 21 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $1,037, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
March 2024
3,655
Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent month’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision
The market for Single Family Homes saw 1,466 closed sales at a median price of $1 8m There was a total of 2,462 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $1,153. With a total volume of $3.1b.
$770,000 $1,012,500 $1,400,000 $1,715,000 $2,225,000 $1,564,400
$825,000 $1,103,500 $1,605,000 $2,025,000 $2,760,000 $1,800,000 3Q23 $840,000 $1,300,000 $1,610,000 $1,888,000 $2,805,000 $1,782,000
4Q23 $987,500 $1,284,000 $1,505,000 $1,802,500 $2,450,000 $1,700,000
1Q24 $1,307,500 $1,120,000 $1,685,000 $1,908,000 $2,630,000 $1,820,000
The market for Townhomes & Condominiums saw 669 closed sales at a median price of $949k There was a total of 1,193 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $782. With a total volume of $684m.
What's in the San Mateo County data?
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 861 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.5 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 1,486 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 32 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $1,070, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
The market for Single Family Homes saw 630 closed sales at a median price of $1 9m There was a total of 1,077 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $1,167. With a total volume of $1.5b.
1Q23 $900,000 $1,210,000 $1,566,000 $2,125,000 $4,025,000 $1,740,000
2Q23 $1,525,000 $1,270,000 $1,700,000 $2,468,000 $3,775,000 $1,898,000
3Q23 $780,000 $1,304,000 $1,600,000 $2,300,000 $4,097,500 $1,817,500
4Q23 $820,000 $1,253,000 $1,550,000 $2,400,000 $4,000,000 $1,736,944
1Q24 $605,000 $1,416,000 $1,617,250 $2,500,000 $3,000,000 $1,902,500
The market for Townhomes & Condominiums saw 231 closed sales at a median price of $908k There was a total of 409 new listings with an average of 46 days on the market without price reduction and with an average price per square foot of $805. With a total volume of $240m.
1Q23 $520,000 $950,000 $1,375,000 $1,639,990 - $958,000
2Q23 $535,000 $910,000 $1,384,000 $1,737,000 - $917,500
3Q23 $535,000 $902,000 $1,394,444 $1,866,921 $1,935,000 $949,500
4Q23 $570,000 $910,000 $1,380,000 $1,900,000 - $910,000
1Q24 $525,000 $920,000 $1,200,000 $1,950,000 - $908,000
What's in the Alameda County data?
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 1,829 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.1 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 3,323 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 25 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $732, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
The market for Single Family Homes saw 1,345 closed sales at a median price of $1 2m There was a total of 2,328 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $771. With a total volume of $1.8b.
$1,100,000
$720,000 $800,000 $1,117,500 $1,550,000 $1,850,000 $1,260,000
3Q23 $627,500 $830,000 $1,106,000 $1,550,000 $1,865,000 $1,265,000
4Q23 $695,000 $850,000 $1,100,000 $1,450,000 $1,835,000 $1,200,000 1Q24 $655,000 $765,500 $1,150,000 $1,650,000 $2,075,000 $1,280,000
The market for Townhomes & Condominiums saw 484 closed sales at a median price of $733k There was a total of 995 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $621. With a total volume of $383m.
What's in the Contra Costa County data?
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 1,807 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $ 770,000, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 3,082 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 29 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $541, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
The market for Single Family Homes saw 1,379 closed sales at a median price of $820k There was a total of 2,314 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $544. With a total volume of $1.5b.
The market for Townhomes & Condominiums saw 428 closed sales at a median price of $604k There was a total of 768 new listings with an average of 35 days on the market without price reduction and with an average price per square foot of $528. With a total volume of $292m.
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Being an independently owned and operated franchise of Keller Williams, KW Bay Area Estates has the position as the Bay Area’s foremost luxury real estate services firm with the execution of best-in-class customer service. KWBAE’s unparalleled team consists of more than 250 associates and professionals strategically located in Los Gatos and Saratoga. Under the same ownership, we have our division of KW South Bay Commercial.
With uncompromising principles, KW Bay Area Estates has established a new standard of excellence within the industry. The company’s growth has been strategic and exciting. Since its inception, the team has successfully represented more than 9,000 transactions, totaling more than $12 billion in total sales.
Dedicated to upholding unparalleled standards for integrity and client care, they strive to create a culture where agents thrive while developing their own businesses to their maximum potential. KW Bay Area Estates has given their agents over $2.6 million in profit share.