Joseph Karakas - April 2025 Market Update

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KW Bay Area Estates

LosGatos/MonteSereno

Jump to Los Gatos/Monte Sereno Report

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)

WhySomeHomesSell FasterThanOthers

As you think ahead to your own move, you may have noticed some houses sell within days, while others linger. But why is that? As Redfin says:

“. . . today’s housing market has been topsy-turvy since the pandemic. Low inventory (though rising) and high prices have created a strange mix: Some homes are flying off the market, while others sit for weeks.”

That may leave you wondering what you should expect when you sell. Let’s break it down and give you some actionable tips on how to make sure your house is one that sells quickly.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 42 closed sales at a median price of $3.3m. There was a total of 77 new listings with an average of 31 days on the market without price reduction and with an average price per square foot of $1,341.

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

April 2025

42

$1,341 Average Price Per SqFt

+22.2% Year-over-Year -5 5% Year-over-Year

$3.3M Median Sale Price -6.7% Year-over-Year +7 4% Year-over-Year

31 $145.5M Total Volume +210% Year-over-Year -1 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

48 Average Days-on Market

$1.5M Median Sale Price

8 Closed Sales

$1,021 Average Price Per SqFt

$11.9M 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 $1.8m. There was a total of 99 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $1,232.

in the Cambrian (San Jose) data?

April 2025

New Listings Closed Sales

99

+15.1% Year-over-Year

Average Price Per SqFt

$1,232

+5.9% Year-over-Year

67

$1.8M Median Sale Price +15.5% Year-over-Year

+2 4% Year-over-Year

Average Days-on-Market

11

+37.5% Year-over-Year

Total Volume

$125M

+18% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

89 New Listings

10 Average Days-on-Market

$1.8M

Median Sale Price

60 Closed Sales

$1,290

Average Price Per SqFt

$118.8M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

23 Average Days-on Market

$670K Median Sale Price

7 Closed Sales

$733 Average Price Per SqFt

$6.1M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 38 closed sales at a median price of $3.8m. There was a total of 46 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $1,463.

April 2025

46

$1,463 Average Price Per SqFt -14.8% Year-over-Year -1 6% Year-over-Year

38 $3.8M Median Sale Price +58.3% Year-over-Year -5 3% Year-over-Year

27 $137.9M Total Volume -3.6% Year-over-Year +51 3% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

25 Average Days-on-Market $1,604

$4M

Median Sale Price 29 Closed Sales

Average Price Per SqFt

$123.7M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

Condo & Townhomes

32 Average Days-on Market

$1.8M Median Sale Price

$1,007 Average Price Per SqFt

9 Closed Sale $14.1M Total Volume

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 1,158 closed sales at a median price of $1.7m. There was a total of 2,065 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $1,132.

What's in the Santa Clara County data?

April 2025

2,065

1,158

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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision New Listings Closed Sales Average Days-on-Market

Average Price Per SqFt

$1,132

+18.4% Year-over-Year -0 8% Year-over-Year

$1.7M Median Sale Price -1.4% Year-over-Year +3 3% Year-over-Year

16

$2.4B Total Volume +14.3% Year-over-Year

+3% Year-over-Year

Single Family Homes

1,384 New Listings

14 Average Days-on-Market

$2.1M

Median Sale Price

829 Closed Sales

$1,259

Average Price Per SqFt

$2B 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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

Condo & Townhomes

681 New Listings

20 Average Days-on Market

$1M Median Sale Price

329 Closed Sales

$814 Average Price Per SqFt

$367M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 26 closed sales at a median price of $2.3m. There was a total of 57 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $973.

Almaden Valley (San Jose) data?

2025

57

$973 Average Price Per SqFt +3.6% Year-over-Year -4 2% Year-over-Year

26

$2.3M Median Sale Price -21.2% Year-over-Year +3 5% Year-over-Year

16

$58.1M Total Volume +77.8% Year-over-Year -23% Year-over-Year

SqFt $2.3M Median Sale Price 22

$52.9M

Total Volume

Condo & Townhomes

New Listings

20 Average Days-on Market

$1.2M Median Sale Price

4 Closed Sales

$719 Average Price Per SqFt

$5.2M Total Volume

Blossom Valley (San

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 77 closed sales at a median price of $1.4m. There was a total of 136 new listings with an average of 12 days on the market without price reduction and with an average price per square foot of $857.

the Blossom Valley (San Jose) data?

April 2025

136

+43.2% Year-over-Year

Average Price Per SqFt

$857 New Listings

-5 3% Year-over-Year

77

$1.4M Closed Sales

Median Sale Price +10% Year-over-Year -4 9% Year-over-Year

12

Total Volume +33.3% Year-over-Year

$102.4M Average Days-on-Market

+6 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

SqFt

14 Average Days-on Market

$696K Median Sale Price

24 Closed Sales $17.4M Total Volume

$691 Average Price Per SqFt

Luxury Listings for Sale

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 32 closed sales at a median price of $1.9m. There was a total of 51 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $1,200.

April 2025

+10.9% Year-over-Year

$1,200 Average Price Per SqFt

+6 1% Year-over-Year

32

$1.9M Median Sale Price -8.6% Year-over-Year +7 8% Year-over-Year

11

$62.3M Total Volume -8.3% Year-over-Year -4 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Listings

9 Average Days-on-Market

20 Closed Sales

$1,388

Average Price Per SqFt $2.3M

Median Sale Price

$47.2M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

18 New Listings

14 Average Days-on Market

$1.2M Median Sale Price

12 Closed Sales $15.1M Total Volume

$888 Average Price Per SqFt

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 46 closed sales at a median price of $2.8m. There was a total of 54 new listings with an average of 14 days on the market without price reduction and with an average price per square foot of $1,434.

April 2025

54

$1,434 Average Price Per SqFt -8.5% Year-over-Year -3 7% Year-over-Year

46 $2.8M Median Sale Price -16.4% Year-over-Year -8 9% Year-over-Year

14 $124.7M Total Volume +7.7% Year-over-Year -20 8% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Sales

SqFt

Condo & Townhomes

20 New Listings

19 Closed Sales

15 Average Days-on Market

$1.3M Median Sale Price

$1,125 Average Price Per SqFt

$28.6M Total Volume

Los Altos

What's in the Los Altos data?

The market for Single Family Homes, Condo, and Townhomes units saw 32 closed sales at a median price of $4.8m. There was a total of 41 new listings with an average of 10 days on the market without price reduction and with an average price per square foot of $1,829.

April 2025

41

-16.3% Year-over-Year

Average Price Per SqFt

$1,829

+1 8% Year-over-Year

32

$4.8M Median Sale Price -5.9% Year-over-Year

+22 5% Year-over-Year

10 $156.1M Total Volume -9.1% Year-over-Year

+16 4% Year-over-Year

Listings

10 Average Days-on-Market

$4.9M

Median Sale Price

31 Closed Sales

$1,847

Average Price Per SqFt

$154.5M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

Condo & Townhomes

8 New Listings

1 Closed Sale

7 Average Days-on Market

$1.6M Median Sale Price

$1,266 Average Price Per SqFt

$1.6M 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 22 closed sales at a median price of $1.3m. There was a total of 47 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $848.

Santa Teresa (San Jose) data?

47

$848 Average Price Per SqFt +4.4% Year-over-Year -2 9% Year-over-Year

22

$1.3M Median Sale Price -4.4% Year-over-Year -0 5% Year-over-Year

20 $29.7M Total Volume +122.2% Year-over-Year -7 3% Year-over-Year

18 New Listings

31 Average Days-on Market

$843K Median Sale Price

6 Closed Sales

$686 Average Price Per SqFt

$5M Total Volume

Luxury Listings for Sale

Nodatatodispla

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 80 closed sales at a median price of $1.8m. There was a total of 115 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $1,182.

Clara City data?

April 2025

New Listings

115

-12.9% Year-over-Year

Average Price Per SqFt

$1,182

-4 2% Year-over-Year

80

$1.8M Closed Sales Median Sale Price -9.1% Year-over-Year

+6 1% Year-over-Year

Average Days-on-Market

13

Total Volume +18.2% Year-over-Year -8% Year-over-Year

$143.7M

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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

63 New Listings

11

Average Days-on-Market

$2.1M

Median Sale Price

51 Closed Sales

$1,361

Average Price Per SqFt

$108.6M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

17 Average Days-on Market

$1.2M Median Sale Price

29 Closed Sales

$868 Average Price Per SqFt

$35M Total Volume

Luxury Listings for Sale

South San Jose

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 32 closed sales at a median price of $1m There was a total of 77 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $748.

the South San Jose data?

April 2025

77

+22.2% Year-over-Year

Average Price Per SqFt

$748 New Listings

-3 4% Year-over-Year

32

$1M Closed Sales Median Sale Price -23.8% Year-over-Year -2 7% Year-over-Year

21

$32.2M Average Days-on-Market Total Volume +40% Year-over-Year -27 8% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

27 Average Days-on Market

$875K Median Sale Price

15 Closed Sales

$655 Average Price Per SqFt

$13M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 97 closed sales at a median price of $2.2m. There was a total of 165 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $1,395.

April 2025

165

+38.7% Year-over-Year

97

Average Price Per SqFt

$1,395 New Listings

+3 4% Year-over-Year

Median Sale Price

$2.2M Closed Sales

Average Days-on-Market

11

+19.8% Year-over-Year

+21 3% Year-over-Year

Total Volume -15.4% Year-over-Year

$231M

+36 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

86 New Listings

10 Average Days-on-Market

$2.7M

Median Sale Price

72 Closed Sales

$1,544

Average Price Per SqFt

$192.8M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

13 Average Days-on Market

$1.5M Median Sale Price

25 Closed Sales

$963 Average Price Per SqFt

$38.1M Total Volume

Willow Glen (San Jos

What's

The market for Single Family Homes, Condo, and Townhomes units saw 58 closed sales at a median price of $2.1m. There was a total of 88 new listings with an average of 12 days on the market without price reduction and with an average price per square foot of $1,182.

in the Willow Glen (San Jose) data?

April 2025

88

+7.3% Year-over-Year

Average Price Per SqFt

$1,182 New Listings

+5 9% Year-over-Year

58

$2.1M Closed Sales Median Sale Price +28.9% Year-over-Year

+12 9% Year-over-Year

+9% Year-over-Year

Total Volume

12 $129M Average Days-on-Market

+32 8% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

74 New Listings

9 Average Days-on-Market

51 Closed Sales

$1,242

Average Price Per SqFt $2.1M

Median Sale Price

$121.2M

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 may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

28 Average Days-on Market

$1M Median Sale Price

7 Closed Sales

$751 Average Price Per SqFt

$7.7M 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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