Joseph Karakas - August 2025 Market Update

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Market Update

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)

If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead?

There’s a term for this in the industry, and it’s called an accidental landlord. Here’s how Yahoo Finance defines it:

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 33 closed sales at a median price of $2.6m. There was a total of 53 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $1,319.

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

August 2025

53

$1,319 Average Price Per SqFt +12.8% Year-over-Year +8.9% Year-over-Year

33

Year-over-Year

Year-over-Year

26 $92.3M

Year-over-Year +13.2% Year-over-Year

Single Family Homes

41 New Listings

18 Average Days-on-Market

24 Closed Sales

$1,466

Average Price Per SqFt $3M

Median Sale Price

$79.3M

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

46 Average Days-on Market

$1.4M Median Sale Price

9 Closed Sales

$925 Average Price Per SqFt

$13M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 51 closed sales at a median price of $1.8m. There was a total of 57 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $1,152.

in the Cambrian (San Jose) data?

August 2025

57

+11.8% Year-over-Year 51

$1,152 Average Price Per SqFt

+3.8% Year-over-Year

$1.8M Median Sale Price -1.9% Year-over-Year +8.1% Year-over-Year

25

$95.4M Total Volume +56.3% Year-over-Year

+5.6% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

52 New Listings

44 Closed Sales

22 Average Days-on-Market $1,218

Average Price Per SqFt

$1.9M

Median Sale Price

$90.5M

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

5 New Listings

41 Average Days-on Market

$540K Median Sale Price

7 Closed Sales

$736 Average Price Per SqFt

$4.9M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 19 closed sales at a median price of $4m. There was a total of 28 new listings with an average of 60 days on the market without price reduction and with an average price per square foot of $1,593.

August 2025

28

$1,593 Average Price Per SqFt -6.7% Year-over-Year

Year-over-Year

19

Year-over-Year

Year-over-Year

60

$86.1M Total Volume +150% Year-over-Year -22.1% Year-over-Year

18 New Listings

56 Average Days-on-Market $1,836

$4.4M

Median Sale Price 14 Closed Sales

Average Price Per SqFt

$77.6M

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

72 Average Days-on Market

$1.7M Median Sale Price

5 Closed Sale

$914 Average Price Per SqFt

$8.5M Total Volume

Luxury Listings for Sale

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 986 closed sales at a median price of $1.5m. There was a total of 1,344 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,053.

What's in the Santa Clara County data?

2025

1,344

$1,053 Average Price Per SqFt +3.2% Year-over-Year -1.2% Year-over-Year

986

Year-over-Year

$1.5M

Year-over-Year

29

$1.9B Total Volume +45% Year-over-Year -5.9% Year-over-Year

Single Family Homes

901

New Listings

25

Average Days-on-Market

$1.8M

Median Sale Price 716 Closed Sales

$1,160

Average Price Per SqFt

$1.6B

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

440

39 Average Days-on Market

$930K Median Sale Price

270 Closed Sales

$770 Average Price Per SqFt

$281M Total Volume

Luxury Listings for Sale

Almaden Valley (San

The market for Single Family Homes, Condo, and Townhomes units saw 30 closed sales at a median price of $2.2m. 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 $1,156.

What's in the Almaden Valley (San Jose) data?

August 2025

42

+23.5% Year-over-Year

$1,156 Average Price Per SqFt

+20.8% Year-over-Year

30

$2.2M Median Sale Price +25% Year-over-Year +10.9% Year-over-Year

22

+4.8% Year-over-Year

$72.4M Total Volume

+48% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

Listings

19 Average Days-on-Market $1,198

Average Price Per SqFt $2.2M

$68.7M

Total Volume

Median Sale Price 27 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 July change with late reported activity. Data from sources deemed reliable but July contain errors and are subject to revision.

Condo & Townhomes

5 New Listings

41 Average Days-on Market

$1M Median Sale Price

3 Closed Sales

$782 Average Price Per SqFt

$3.6M Total Volume

Blossom Valley (San

What's in the Blossom Valley

The market for Single Family Homes, Condo, and Townhomes units saw 67 closed sales at a median price of $1.3m. There was a total of 82 new listings with an average of 33 days on the market without price reduction and with an average price per square foot of $806.

(San Jose) data?

August 2025

82

+13.9% Year-over-Year

Average Price Per SqFt

$806 New Listings

-5.5% Year-over-Year

67

$1.3M Closed Sales Median Sale Price -4.3% Year-over-Year +2.1% Year-over-Year

Average Days-on-Market

33

Total Volume +94.1% Year-over-Year

$86.1M

-4.7% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

46 Average Days-on Market

$675K Median Sale Price

21 Closed Sales

$651 Average Price Per SqFt

$14.4M 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 34 closed sales at a median price of $1.9m. There was a total of 35 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,108.

35

$1,108 Average Price Per SqFt -7.9% Year-over-Year

+1.6% Year-over-Year

34

$1.9M Median Sale Price +0% Year-over-Year +6.7% Year-over-Year

24

$65.8M Total Volume +20% Year-over-Year

+9.1% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

SqFt $2.1M Median Sale Price

$59.1M 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 July change with late reported activity. Data from sources deemed reliable but July contain errors and are subject to revision.

18

18 Average Days-on Market

$802K Median Sale Price

8 Closed Sales

$770 Average Price Per SqFt

$6.6M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $3m. There was a total of 36 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,511.

36

$1,511 Average Price Per SqFt -14.3% Year-over-Year +4.7% Year-over-Year

Year-over-Year

Year-over-Year

17

$71.6M Total Volume -15% Year-over-Year -31.6% Year-over-Year

21 New Listings

13

Average Days-on-Market

20 Closed Sales

$1,600

Average Price Per SqFt $3.2M

Median Sale Price

$66.4M

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

Condo & Townhomes

15

New Listings

4 Closed Sales

37 Average Days-on Market

$1.2M Median Sale Price

$1,065 Average Price Per SqFt

$5.1M Total Volume

Luxury Listings for Sale

Los Altos

What's in the Los Altos data?

The market for Single Family Homes, Condo, and Townhomes units saw 28 closed sales at a median price of $4m. There was a total of 46 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $1,939.

August 2025

46

$1,939 Average Price Per SqFt +27.8% Year-over-Year +9.3% Year-over-Year

28 $4M Median Sale Price -17.7% Year-over-Year

Year-over-Year

11 $123M

Year-over-Year -10.5% Year-over-Year

39 New Listings

10

Average Days-on-Market

24 Closed Sales

$2,018

Average Price Per SqFt $4.2M

Median Sale Price

$114M

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

Condo & Townhomes

7

New Listings

4 Closed Sales

13 Average Days-on Market

$1,463 Average Price Per SqFt

$2.2M Median Sale Price

$8.6M 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 19 closed sales at a median price of $1.2m. There was a total of 20 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $779.

Santa Teresa (San Jose) data?

20

$779

19 $1.2M

24

$24.6M

Listings

26 Average Days-on-Market $844 Average Price Per SqFt $1.3M

$18.8M

Total Volume

Median Sale Price 13 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 July change with late reported activity. Data from sources deemed reliable but July contain errors and are subject to revision.

Condo & Townhomes

10 New Listings

19 Average Days-on Market

$917K Median Sale Price

6 Closed Sales

$639 Average Price Per SqFt

$5.7M 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 62 closed sales at a median price of $1.7m. There was a total of 62 new listings with an average of 32 days on the market without price reduction and with an average price per square foot of $1,121.

Clara City data?

August 2025

62

-23.5% Year-over-Year

Average Price Per SqFt

$1,121 New Listings

-8.8% Year-over-Year

62

$1.7M Closed Sales Median Sale Price +0% Year-over-Year -4.9% Year-over-Year

32 $104M Average Days-on-Market

Total Volume +88.2% Year-over-Year -3.9% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

24 Average Days-on-Market $1,308 Average Price Per SqFt $1.9M Median Sale Price 42 Closed Sales

$86.6M

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

49 Average Days-on Market

$847K Median Sale Price

20 Closed Sales $18.1M Total Volume

$729 Average Price Per SqFt

Luxury Listings for Sale

South San Jose

What's in the South San

The market for Single Family Homes, Condo, and Townhomes units saw 29 closed sales at a median price of $1m There was a total of 54 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $706.

Jose data?

August 2025

54

+1.9% Year-over-Year

Average Price Per SqFt

$706 New Listings

-4.9% Year-over-Year

29 $1M Closed Sales Median Sale Price -6.5% Year-over-Year

+5.9% Year-over-Year

Total Volume +26.1% Year-over-Year

29 $29.6M Average Days-on-Market

-7.9% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

Median Sale Price

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

40 Average Days-on Market

$689K Median Sale Price

11 Closed Sales

$622 Average Price Per SqFt

$8.1M Total Volume

Luxury Listings for Sale

Nodatatodispla

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 61 closed sales at a median price of $1.7m. There was a total of 88 new listings with an average of 38 days on the market without price reduction and with an average price per square foot of $1,219.

August 2025

88

+12.8% Year-over-Year

Average Price Per SqFt

$1,219 New Listings

-5.7% Year-over-Year

61

$1.7M Closed Sales Median Sale Price -22.8% Year-over-Year

-5.7% Year-over-Year

Average Days-on-Market

Total Volume +90% Year-over-Year

38 $120M

-26.5% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

47 New Listings

33 Closed Sales

17

Average Days-on-Market

$2.7M

Median Sale Price

$1,513

Average Price Per SqFt

$85.7M

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

Condo & Townhomes

41 New Listings

62 Average Days-on Market

$1.2M Median Sale Price

28 Closed Sales

$872 Average Price Per SqFt

$34.4M Total Volume

Willow Glen (San Jos

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 40 closed sales at a median price of $2m. There was a total of 60 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,028.

the Willow Glen (San Jose) data?

August 2025

New Listings

60

-6.3% Year-over-Year

Average Price Per SqFt

$1,028

-4.6% Year-over-Year

40 $2M Closed Sales Median Sale Price -27.3% Year-over-Year +6.1% Year-over-Year

Average Days-on-Market

29

Total Volume +38.1% Year-over-Year

$81.6M

-27.2% 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 July change with late reported activity Data from sources deemed reliable but July contain errors and are subject to revision

50 New Listings

27

Average Days-on-Market

$2.1M

Median Sale Price

34 Closed Sales

$1,069

Average Price Per SqFt

$75.4M

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

36 Average Days-on Market

$1M Median Sale Price

6 Closed Sales

$796 Average Price Per SqFt

$6.1M Total Volume

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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