Joseph Karakas - July 2025 Market Update

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KW Bay Area Estates

Jump to Los Gatos/Monte Sereno Report LosGatos/MonteSereno

Jump to Cambrian (San Jose) Report Cambrian(SanJose)

Jump to Saratoga Report Saratoga

Jump to Santa Clara County Report SantaClaraCounty

Jump to Almaden Valley (San Jose) Report Almaden Valley (San Jose)

Jump to Blossom Valley (San Jose) Report BlossomValley(SanJose)

Jump to Campbell Report Campbell

Jump to Cupertino Report Cupertino

Jump to Los Altos Report LosAltos

Jump to Santa Teresa (San Jose) Report Santa Teresa (San Jose)

Jump to Santa Clara City Report SantaClaraCity

Jump to South San Jose Report SouthSanJose

Jump to Sunnyvale Report Sunnyvale

Jump to Willow Glen (San Jose) Report WillowGlen(SanJose)

TheTruthAboutDownPayments (It’sNotWhatYouThink)

Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in.

“I’ll never save enough.”

“I need a small fortune just to get started.”

“I guess I’ll just rent forever.”

Sound familiar? You’re not alone. And you’re definitely not out of luck.

Here’s the thing: a lot of what you’ve heard about down payments just isn’t true. And once you know the facts, you might realize you’re a lot closer to owning a home than you think.

Let’s break it all down and bust some big down payment myths while we’re at it.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 41 closed sales at a median price of $2.6m. There was a total of 53 new listings with an average of 35 days on the market without price reduction and with an average price per square foot of $1,188.

What's in the Los Gatos/Monte Sereno data?

53

Year-over-Year

41

Year-over-Year

$1,188

Year-over-Year

35 $111M

Year-over-Year -8.9% Year-over-Year

15 New Listings

32 Average Days-on Market

$1.4M Median Sale Price

16 Closed Sales

$924 Average Price Per SqFt

$23M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 67 closed sales at a median price of $1.7m. There was a total of 55 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,181.

in the Cambrian (San Jose) data?

July 2025

55

-5.2% Year-over-Year

Average Price Per SqFt

$1,181

+6.2% Year-over-Year

67

$1.7M Median Sale Price +17.5% Year-over-Year

+1.5% Year-over-Year

18

$116M Total Volume +38.5% Year-over-Year -17.5% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision New Listings

45 New Listings

60 Closed Sales

17 Average Days-on-Market $1,232 Average Price Per SqFt $1.7M

Median Sale Price

$110M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

26 Average Days-on Market

$788K Median Sale Price

7 Closed Sales

$750 Average Price Per SqFt

$6.4M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 17 closed sales at a median price of $3.6m. There was a total of 17 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,563.

17

Year-over-Year

$1,563

Year-over-Year

Year-over-Year

Year-over-Year

22 $61.4M

Family Homes 11 New Listings

13 Closed Sales

13

Average Days-on-Market

$4M

Median Sale Price

$1,739

Average Price Per SqFt

$54.8M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

6 New Listings

52 Average Days-on Market

$1.8M Median Sale Price

4 Closed Sale

$933 Average Price Per SqFt

$6.6M Total Volume

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 1,014 closed sales at a median price of $1.6m. There was a total of 1,443 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $1,064.

What's in the Santa Clara County data?

2025

1,443

$1,064

Year-over-Year

1,014 $1.6M

Year-over-Year

Year-over-Year

26 $1.9B

Family Homes

960 New Listings

23

Average Days-on-Market

$1,173

Average Price Per SqFt $1.8M

$1.6B

Total Volume

Median Sale Price 731 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

483

33 Average Days-on Market

$1M Median Sale Price

283 Closed Sales

$784 Average Price Per SqFt

$300M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 35 closed sales at a median price of $2.1m. There was a total of 36 new listings with an average of 34 days on the market without price reduction and with an average price per square foot of $947.

Almaden Valley (San Jose) data?

July 2025

36

$967

+20% Year-over-Year -10.4% Year-over-Year

SqFt

35

$2.1M Median Sale Price +9.4% Year-over-Year -6.5% Year-over-Year

34 $77M Total Volume +100% Year-over-Year +7% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

Condo & Townhomes

5 New Listings

22 Average Days-on Market

$1.6M Median Sale Price

3 Closed Sales

$757 Average Price Per SqFt

$4.7M Total Volume

Blossom Valley (San

What's

The market for Single Family Homes, Condo, and Townhomes units saw 52 closed sales at a median price of $1.5m. There was a total of 105 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $845.

in the Blossom Valley (San Jose) data?

July 2025

105

+36.4% Year-over-Year

Average Price Per SqFt

$845 New Listings

+3.4% Year-over-Year

52

$1.3M Closed Sales Median Sale Price -20% Year-over-Year

+10.5%Year-over-Year

Average Days-on-Market

25

Total Volume +66.7% Year-over-Year

$73.3M

-11.5% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings. The most recent month’s data is based on available numbers, but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

23 Average Days-on Market

$66K Median Sale Price

8 Closed Sales

$640 Average Price Per SqFt

$5.7M Total Volume

Luxury Listings for Sale

Nodatatodispla

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 0,029 closed sales at a median price of $1.8m. There was a total of 38 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,088.

July 2025

38

$1,088

Year-over-Year

Year-over-Year

Year-over-Year

23 $49.8M

Year-over-Year

25 New Listings

20 Closed Sales

22 Average Days-on-Market $1,231

Average Price Per SqFt

$1.9M

Median Sale Price

$41.6M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

13 New Listings

24 Average Days-on Market

$935K Median Sale Price

9 Closed Sales

$769 Average Price Per SqFt

$8.2M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 0,023 closed sales at a median price of $3.3m. There was a total of 38 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,537.

38

$1,537

18

17 Average Days-on-Market $1,669 Average Price Per SqFt $3.4M

$63.4M

Total Volume

Median Sale Price 18 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

9 New Listings

5 Closed Sales

24 Average Days-on Market

$1.4M Median Sale Price

$1,062 Average Price Per SqFt

$7.1M Total Volume

Luxury Listings for Sale

Los Altos

What's in the Los

The market for Single Family Homes, Condo, and Townhomes units saw 0,023 closed sales at a median price of $3.9m. There was a total of 45 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,823.

Altos data?

2025

45

Year-over-Year

23

$1,823

Year-over-Year

Year-over-Year

17

Year-over-Year

30 New Listings

20 Closed Sales

20 Average Days-on-Market

$4M

Median Sale Price

$1,855

Average Price Per SqFt

$87.2M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

15 New Listings

3 Closed Sales

3 Average Days-on Market

$1,606 Average Price Per SqFt

$1.8M Median Sale Price

$6.4M Total Volume

Luxury Listings for Sale

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $1.2m. There was a total of 42 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $770.

Santa Teresa (San Jose) data?

42

Year-over-Year

23

$770

$1.2M

Year-over-Year

22

Year-over-Year

$27.8M Total Volume

12 Average Days-on-Market

Average Price Per SqFt $1.3M Median Sale Price 12 Closed Sales

$17.1M Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

32 Average Days-on Market

$900K Median Sale Price

11 Closed Sales

$641 Average Price Per SqFt

$10.6M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 0,056 closed sales at a median price of $1.6m. There was a total of 76 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,155.

the Santa Clara City data?

July 2025

76

+2.7% Year-over-Year

Average Price Per SqFt

$1,155 New Listings

+8.3% Year-over-Year

56

$1.6M Closed Sales Median Sale Price -23.3% Year-over-Year

+4.6% Year-over-Year

Average Days-on-Market

22

Total Volume +0% Year-over-Year

$91.3M

-18.2% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

35 New Listings

38 Average Days-on Market

$960K Median Sale Price

15 Closed Sales

$780 Average Price Per SqFt

$14.4M Total Volume

Luxury Listings for Sale

South San Jose

What's in the South San Jose data?

The market for Single Family Homes, Condo, and Townhomes units saw 0,031 closed sales at a median price of $860k There was a total of 46 new listings with an average of 39 days on the market without price reduction and with an average price per square foot of $697.

July 2025

46

+15% Year-over-Year

Average Price Per SqFt

$697 New Listings

-5.7% Year-over-Year

31

$860K Closed Sales Median Sale Price -41.5% Year-over-Year -23.7% Year-over-Year

39

$28.6M Average Days-on-Market Total Volume +105.3% Year-over-Year -50.5% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

Listings

21 Average Days-on-Market $788 Average Price Per SqFt $1M Median Sale Price 15 Closed Sales

$17.1M Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

18

55 Average Days-on Market

$710K Median Sale Price

16 Closed Sales $11.5M Total Volume

$613 Average Price Per SqFt

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 0,089 closed sales at a median price of $2m. There was a total of 83 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,354.

July 2025

83

-17% Year-over-Year

$1,354 New Listings

89

Average Price Per SqFt

+0.1% Year-over-Year

$2M Closed Sales Median Sale Price -6.3% Year-over-Year

+5.7% Year-over-Year

Average Days-on-Market

21

Total Volume +90.9% Year-over-Year

$188.9M

-4.7% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

51 New Listings

65 Closed Sales

17

Average Days-on-Market

$2.5M

Median Sale Price

$1,528

Average Price Per SqFt

$157.9M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

33 Average Days-on Market

$1.3M Median Sale Price

24 Closed Sales $30.9M Total Volume

$883 Average Price Per SqFt

Willow Glen (San Jos

The market for Single Family Homes, Condo, and Townhomes units saw 0,044 closed sales at a median price of $1.8m. There was a total of 67 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $1,116.

What's in the Willow Glen (San Jose) data?

July 2025

67

Average Price Per SqFt -5.6% Year-over-Year

$1,116 New Listings

+4.3% Year-over-Year

44

$1.8M Closed Sales Median Sale Price -27.9% Year-over-Year -2.1% Year-over-Year

Average Days-on-Market

19

Total Volume +5.6% Year-over-Year

$85.3M

-30.7% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity Data from sources deemed reliable but June contain errors and are subject to revision

Family Homes

57 New Listings

40 Closed Sales

19 Average Days-on-Market

$1.9M

Median Sale Price

$1,141

Average Price Per SqFt

$80.3M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but June change with late reported activity. Data from sources deemed reliable but June contain errors and are subject to revision.

Condo & Townhomes

10 New Listings

20 Average Days-on Market

$1.3M Median Sale Price

4 Closed Sales

$870 Average Price Per SqFt

$5M Total Volume

Dedicated to Success

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 Commercial South Bay.

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 10,000 transactions, totalling more than $13 billion in closed sales volume.

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 distributed to their associates over $2.7 million in profit share.

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