Joseph Karakas - November 2025 Market Update

Page 1


Market Update

NOVEMBER

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)

HowToFindtheBestDeal PossibleonaHomeRightNow

Want to know how to find the best deal possible in today’s housing market? Here’s the secret. Focus on homes that have been sitting on the market for a while.

Because when a listing lingers, sellers tend to get more realistic –and, more willing to negotiate. And that’s where the savviest buyers are finding homes other buyers overlook.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $2.5m. There was a total of 22 new listings with an average of 52 days on the market without price reduction and with an average price per square foot of $1,219.

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

November 2025

22

$1,219

52 $68M

Listings

58 Average Days-on-Market

$2.7M

Median Sale Price

20 Closed Sales

$1,294

Average Price Per SqFt

$63M

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

19 Average Days-on Market

$1.3M Median Sale Price

4 Closed Sales

$847 Average Price Per SqFt

$5M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

The market for Single Family Homes, Condo, and Townhomes units saw 40 closed sales at a median price of $1.6m. There was a total of 33 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,091.

What's in the Cambrian (San Jose) data?

November 2025

33

Year-over-Year

40

$1,091

Year-over-Year

$1.6M

Year-over-Year

20

$65.2M Total Volume +17.7% Year-over-Year +0.8%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 October change with late reported activity Data from sources deemed reliable but October contain errors and are subject to revision

4

24 Average Days-on Market

$694K Median Sale Price

8 Closed Sales

$678 Average Price Per SqFt

$5.7M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 20 closed sales at a median price of $4.3m. There was a total of 17 new listings with an average of 41 days on the market without price reduction and with an average price per square foot of $1,509.

November 2025

17

Year-over-Year

$1,509

Year-over-Year

Year-over-Year

Year-over-Year

41

Year-over-Year

Sales

32 Average Days-on-Market $1,559 Average Price Per SqFt $4.4M Median Sale Price 18

$87.7M

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

Condo & Townhomes

2 New Listings

2 Closed Sale

124 Average Days-on Market

$1.4M Median Sale Price

$1,057 Average Price Per SqFt

$2.8M Total Volume

Luxury Listings for Sale

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 796 closed sales at a median price of $1.6m. There was a total of 758 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,067.

What's in the Santa Clara County data?

November 2025

758

796

+5.6% Year-over-Year +0.9% Year-over-Year

$1,067 Average Price Per SqFt

Year-over-Year

Year-over-Year

29 $1.5B Total Volume +16.0% Year-over-Year -20.2% 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 October change with late reported activity Data from sources deemed reliable but October contain errors and are subject to revision

478

New Listings

26

Average Days-on-Market

$1.9M

Median Sale Price 578

Closed Sales

$1,176

Average Price Per SqFt

$1.3B

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

39 Average Days-on Market

$967K Median Sale Price

218 Closed Sales

$778 Average Price Per SqFt

$233M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's

The market for Single Family Homes, Condo, and Townhomes units saw 29 closed sales at a median price of $2.1m. There was a total of 10 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $977.

in the Almaden Valley (San Jose) data?

November 2025

10

29

$977

Year-over-Year

19

Family Homes

7 New Listings

27 Closed Sales

19 Average Days-on-Market $999 Average Price Per SqFt $2.2M

Median Sale Price

$62.7M

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

Condo & Townhomes

3 New Listings

16 Average Days-on Market

$1.3M Median Sale Price

2 Closed Sales

$689 Average Price Per SqFt

$2.7M Total Volume

Blossom Valley (San

What's

The market for Single Family Homes, Condo, and Townhomes units saw 42 closed sales at a median price of $1.4m. There was a total of 41 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $826.

in the Blossom Valley (San Jose) data?

November 2025

41

-10.9% Year-over-Year

Average Price Per SqFt

$826 New Listings

-4.1% Year-over-Year

42

$1.4M Closed Sales Median Sale Price -32.3% Year-over-Year -3.5% Year-over-Year

Total Volume +4.8% Year-over-Year

22 $55M Average Days-on-Market

-36.2% 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 October change with late reported activity Data from sources deemed reliable but October contain errors and are subject to revision

16 New Listings

29 Average Days-on Market

$710K Median Sale Price

9 Closed Sales

$631 Average Price Per SqFt

$5.7M Total Volume

Luxury Listings for Sale

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 21 closed sales at a median price of $1.4m. There was a total of 15 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,023.

November 2025

15

$1,023

23 $35.3M

Sales

Listings 11 Average Days-on-Market $1,236 Average Price Per SqFt $2.1M Median Sale Price 12

$24.7M

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

Condo & Townhomes

4 New Listings

40 Average Days-on Market

$1.3M Median Sale Price

9 Closed Sales

$740 Average Price Per SqFt

$10.6M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 18 closed sales at a median price of $2.7m. There was a total of 16 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,372.

2025

16

Year-over-Year

18

$1,372

Year-over-Year

Year-over-Year

23 $48M

Year-over-Year

Listings

16 Average Days-on-Market $1,599 Average Price Per SqFt $3.3M

$40.6M

Total Volume

Median Sale Price 12 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 October change with late reported activity. Data from sources deemed reliable but October contain errors and are subject to revision.

Condo & Townhomes

3 New Listings

36 Average Days-on Market

$1.1M Median Sale Price

6 Closed Sales

$918 Average Price Per SqFt

$7.3M 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 26 closed sales at a median price of $4.4m. There was a total of 14 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $1,833.

14

2025

$1,833

Year-over-Year +3.9% Year-over-Year

26

Year-over-Year

Year-over-Year

26 $113M

Volume +0% Year-over-Year -22.1% Year-over-Year

Family Homes

10 New Listings

20 Closed Sales

18 Average Days-on-Market

$4.6M

Median Sale Price

$1,914

Average Price Per SqFt

$99.4M

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

Condo & Townhomes

4 New Listings

51 Average Days-on Market

$2.3M Median Sale Price

$1,564 Average Price Per SqFt

6 Closed Sales $13.8M Total Volume

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 20 closed sales at a median price of $1.2m. There was a total of 23 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $732.

Santa Teresa (San Jose) data?

November 2025

23

20

$732

Year-over-Year

30

Year-over-Year

Condo & Townhomes

7 New Listings

26 Average Days-on Market

$990K Median Sale Price

9 Closed Sales

$639 Average Price Per SqFt

$9M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 48 closed sales at a median price of $1.5m. There was a total of 47 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,098.

Clara City data?

November 2025

New Listings

47

+27.0% Year-over-Year

Average Price Per SqFt

$1,098

+0.8% Year-over-Year

48

$1.5M Closed Sales Median Sale Price -15.8% Year-over-Year

+10.3% Year-over-Year

Average Days-on-Market

23

Total Volume +4.6% Year-over-Year

$75.7M

-12.5% 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 October change with late reported activity Data from sources deemed reliable but October contain errors and are subject to revision

SqFt

$59.4M Total Volume

31 Average Days-on Market

$845K Median Sale Price

17 Closed Sales

$753 Average Price Per SqFt

$16.3M Total Volume

Luxury Listings for Sale

South San Jose

What's

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 30 new listings with an average of 31 days on the market without price reduction and with an average price per square foot of $676.

in the South San Jose data?

November 2025

30

$676 New Listings

Average Price Per SqFt -23.1% Year-over-Year -4.5% Year-over-Year

29 $1M Closed Sales Median Sale Price -23.7% Year-over-Year +2.7% Year-over-Year

31 $27.9M Average Days-on-Market Total Volume +34.8% Year-over-Year

-26.6% 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 October change with late reported activity Data from sources deemed reliable but October contain errors and are subject to revision

SqFt

$16.2M 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 October change with late reported activity. Data from sources deemed reliable but October contain errors and are subject to revision.

20 New Listings

35 Average Days-on Market

$735K Median Sale Price

14 Closed Sales

$591 Average Price Per SqFt

$11.6M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 46 closed sales at a median price of $1.8m. There was a total of 49 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $1,338.

November 2025

New Listings

49

46

Average Price Per SqFt

$1,338

+19.5% Year-over-Year -0.4% Year-over-Year

$1.8M Closed Sales Median Sale Price -13.2% Year-over-Year -1.1% Year-over-Year

Average Days-on-Market

25

Total Volume +13.6% Year-over-Year -12.6% Year-over-Year

$94.6M

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

39 Average Days-on Market

$1.4M Median Sale Price

17 Closed Sales

$859 Average Price Per SqFt

$21.2M Total Volume

Willow Glen (San Jos

What's

The market for Single Family Homes, Condo, and Townhomes units saw 45 closed sales at a median price of $1.9m. There was a total of 43 new listings with an average of 39 days on the market without price reduction and with an average price per square foot of $1,028.

in the Willow Glen (San Jose) data?

November 2025

New Listings

43

+30.3% Year-over-Year

Average Price Per SqFt

$1,028

-5.6% Year-over-Year

45

$1.9M Closed Sales Median Sale Price -10.0% Year-over-Year

-4.5% Year-over-Year

Average Days-on-Market

39

Total Volume +77.3% Year-over-Year -10.3% Year-over-Year

$91.8M

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

SqFt $1.9M Median Sale Price 39

$85.2M Total Volume

Data

Listings.

50 Average Days-on Market

$1M Median Sale Price

6 Closed Sales

$720 Average Price Per SqFt

$6.6M Total Volume

Luxury Listings for

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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