Lisa Smith - March 2024 Market Update

Page 1

KW Bay Area Estates

Santa Clara County

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Los Gatos

Jump to Los Gatos Report

Campbell

Jump to Campbell Report

Cambrian

Jump to Cambrian Report

Blossom Valley

Jump to Blossom Valley Report

Santa Teresa

Jump to Santa Teresa Report

Almaden Valley

Jump to Almaden Valley Report

Fremont

Jump to Fremont Report

Milpitas

Jump to Milpitas Report

I moved to Almaden Valley from Chicago seventeen years ago with my husband and three kids. I graduated from the University of Colorado with a BA in Communications and worked in sales and account management at ADP where I made Presidents Club every year and won multiple awards for sales achievement and customer satisfaction. After staying home to raise my children for 13 years, I returned to the workplace in real estate in 2015 with Keller Williams Bay Area Estates in Los Gatos. I love the unique homes and neighborhoods in the South Bay and appreciate the unique quality of life we experience every day.

My goal is always to take care of you by utilizing my 20 years of high-integrity communication and negotiating skills before, during, and after your transaction. I listen to my clients’ goals, educate buyers and sellers, and strive to make the home buying experience as seamless and stress-free as possible. My clients appreciate how I deliver a wide variety of services through my extensive network of service professionals to help sellers maximize the value of their homes and to give buyers an optimized perspective on the quality of life and investment decisions they’re making when purchasing real estate in California.

Each office is independently owned and operated
LISA SMITH KW Bae Area Estates DRE #02028893 (408)
Lisa.Smith@kw.com www.LisaSmithRealtor.kw.com “Experience unparalleled luxury living”
ABOUT ME
438-3700

Client Testimonials

"

“Lisa was amazing! I was out of the country as we were getting ready to list and she truly was the best partner you could ask for getting the house ready, inspections, staging etc. It was the best experience I have had and could not recommend her more highly!! “

- Anna B.

" I had a great experience with Lisa. We sold our home in less than a week and we accepted an offer at $1,025 per square foot, one of the highest in our school district. Lisa was very responsive to all of our questions and definitely puts her clients first. Lisa gets 5 STARS across the board from me, so I highly recommend her to others in the Almaden Valley / San Jose CA area. Thank you Lisa!

“Lisa Smith is a great real estate agent and helped us buy our first house. Being new to the area and also as first time buyers we had lot of questions and Lisa helped us with the detailed answers and with a lot of patience. She was always available over phone/text and also house showings on a short notice. Lisa tried to understand what we want/like and didn’t impose her opinions on us. She also guided us in the right direction wherever necessary. We would definitely recommend Lisa as a professional to find/sell your home.”

- Lisa and Mike J.

For more testimonials, click here

"

Schedule A Meeting

Work with Lisa Smith

I am dedicated to maintaining a longterm business relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen

Let’s Talk KW Bae Area Estates DRE #02028893 (408) 790-1562 Lisa Smith@kw
com www.LisaSmithRealtor.kw.com

What’s your home really worth in today’s market?

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?

I can help...

Contact me for a confidential, no obligation assessment of your home's value.

WhyOverpricingYourHouse CanCostYou

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 Downside of Overpricing Your House

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.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 26 closed sales at a median price of $2.1m. There was a total of 43 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $982.

March 2024

43

-14% Year-over-Year

Average Price Per SqFt

$982 New Listings

+5% Year-over-Year

26

$2.1M Closed Sales Median Sale Price -16.1% Year-over-Year

+3% Year-over-Year

13 $59M Average Days-on-Market Total Volume -35% Year-over-Year -10 8% Year-over-Year

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

Overview

Listings

14 Average Days-on-Market

24 Closed Sales

$1,000

Average Price Per SqFt $2.2M

Median Sale Price

$56M

Total Volume

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.

SFH Single
Family Homes 37 New

2 Closed Sales

$773

Average Price Per SqFt

$2.8M

Total Volume

Luxury Listings for Sale

Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 00 05 10 15 20 25 30 November December January February March (+$3,000,000 & Above) 0 2 4 6 8 10 November December January February March 7 3 1 0 3 2 9 1 2 1 1 1 6 4 3 7 6 5 6 3 (+$3,000,000 & Above)
BY MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $ 1 , 8 6 0 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 2 , 2 6 9 , 4 4 4 $ 2 , 0 6 5 , 0 0 0 $ 2 , 2 3 2 , 4 1 8 $ 2 , 1 7 5 , 0 0 0 $ 1 , 9 5 0 , 0 0 0 $ 1 , 8 7 7 , 5 0 0 $ 2 , 0 3 4 , 0 0 0 $ 1 , 8 0 0 , 0 0 0 $ 2 , 1 1 1 , 0 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 2 , 1 1 1 , 0 0 0 $ 2 , 3 1 8 , 5 0 0 $ 2 , 1 0 0 , 0 0 0 $ 2 , 1 0 0 , 0 0 0 $ 2 , 1 6 9 , 0 0 0 $ 2 , 1 1 5 , 0 0 0 $ 2 , 0 3 7 , 5 0 0 $ 1 , 9 9 9 , 9 4 4 $ 1 , 8 6 0 , 0 0 0 $ 2 , 2 6 9 , 4 4 4 $ 2 , 0 6 5 , 0 0 0 $ 2 , 2 3 2 , 4 1 8 $ 2 , 1 7 5 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR
0 10 20 30 40 50 November December January February March 10 0 5 10 15 20 25 30 35 November December January February March 0 10 20 30 40 50 November December January February March 0 5 10 15 20 25 30 35 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 21 24 12 15 15 26 32 34 12 25 12 47 16 37 31 20 17 23 10 15 23 29 15 20 21 13 14 18 7 26 13 7 23 31 43 18 25 28 50

Los Gatos

79 New Listings 33 Closed Sales 41 Average Days-on-Market Overview March 2024

SqFt $3M Median Sale Price 30

Data includes all single family, townhome, and condominium sales in Los Gastos 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.

SFH Single Family Homes
60 New Listings
43 Average Days-on-Market $1,281 Average Price Per
Closed Sales $97M Total Volume

$839 Average Price Per SqFt

3 Closed Sales $3M

Total Volume

Sale Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 0 5 10 15 20 November December January February March (+$3,000,000 & Above) 0 2 4 6 8 10 12 November December January February March 3 11 1 6 14 17 3 8 5 3 10 8 7 10 4 6 9 8 4 11 (+$3,000,000 & Above)
Luxury Listings for
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $ 2 , 2 8 2 , 5 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 2 , 4 2 5 , 0 0 0 $ 1 , 8 2 5 , 0 0 0 $ 2 , 2 8 5 , 0 0 0 $ 2 , 9 0 0 , 0 0 0 $ 1 , 8 5 0 , 0 0 0 $ 2 , 0 0 7 , 0 0 0 $ 2 , 9 9 0 , 0 0 0 $ 2 , 4 3 4 , 1 5 0 $ 2 , 2 4 0 , 0 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000
Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 2 , 2 4 0 , 0 0 0 $ 2 , 3 0 0 , 0 0 0 $ 2 , 2 1 0 , 0 0 0 $ 2 , 1 5 9 , 0 0 0 $ 2 , 1 3 0 , 0 0 0 $ 1 , 9 4 7 , 5 0 0 $ 2 , 4 3 6 , 5 0 0 $ 2 , 3 2 0 , 0 0 0 $ 2 , 2 8 2 , 5 0 0 $ 2 , 4 2 5 , 0 0 0 $ 1 , 8 2 5 , 0 0 0 $ 2 , 2 8 5 , 0 0 0 $ 2 , 9 0 0 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY
$2,500,000 $3,000,000
0 20 40 60 80 November December January February March 16 0 10 20 30 40 50 60 70 November December January February March 0 10 20 30 40 50 60 70 November December January February March 0 10 20 30 40 50 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 28 31 27 13 14 38 37 24 21 51 19 61 13 37 42 29 26 30 20 22 25 62 31 24 48 15 38 28 36 33 41 18 28 42 79 27 26 50 56

Campbell

What's in the Campbell data?

43 New
+43.3% Year-over-Year 30 Closed Sales +36.3% Year-over-Year 14 Average Days-on-Market -12.5% Year-over-Year Overview
Listings
March 2024

Family Homes 26 New Listings

Average Price Per SqFt $2M Median Sale Price 16 Closed Sales

9 Average Days-on-Market $1,267

$34M Total Volume

Data includes all single family, townhome, and condominium sales in Campbell 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.

SFH Single

17 New Listings

19 Average ys-on Market

1.1M an Sale Price

14 Closed Sales

$839K Average Price Per SqFt

$16M Total Volume

CONDO
Condo & Townhomes

Luxury Listings for Sale

Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 00 05 10 1.5 20 November December January February March (+$3,000,000 & Above) 0 1 2 3 4 5 November December January February March 5 0 0 1 0 2 4 1 1 1 3 5 5 5 3 3 2 5 (+$3,000,000 & Above)
Median
Price
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 7 0 0 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 1 , 6 1 2 , 5 0 0 $ 1 , 8 3 0 , 0 0 0 $ 1 , 8 9 0 , 0 0 0 $ 1 , 6 9 5 , 0 0 0 $ 1 , 5 3 1 , 0 0 0 $ 1 , 5 3 0 , 0 0 0 $ 1 , 5 4 5 , 0 0 0 $ 1 , 4 2 5 , 0 0 0 $ 1 , 6 8 2 , 7 5 0 $0 $500,000 $1,000,000 $1,500,000
Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 1 , 6 8 2 , 7 5 0 $ 1 , 6 0 0 , 0 0 0 $ 1 , 7 0 5 , 0 0 0 $ 1 , 6 6 7 , 5 0 0 $ 1 , 7 3 5 , 0 0 0 $ 1 , 7 5 5 , 0 0 0 $ 1 , 7 0 0 , 0 0 0 $ 1 , 7 5 0 , 0 0 0 $ 1 , 7 0 0 , 0 0 0 $ 1 , 6 1 2 , 5 0 0 $ 1 , 8 3 0 , 0 0 0 $ 1 , 8 9 0 , 0 0 0 $ 1 , 6 9 5 , 0 0 0
Sales
BY MONTH, YEAR-OVER-YEAR BY
$2,000,000
0 10 20 30 40 50 November December January February March 11 0 5 10 15 20 25 30 35 November December January February March 0 10 20 30 40 November December January February March 0 5 10 15 20 25 30 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 22 26 20 12 10 18 20 34 20 11 10 32 10 21 22 16 25 20 12 11 29 35 18 20 21 9 40 18 24 30 14 9 20 34 43 16 12 28 30

Cambrian

What's in the Cambrian data?

58
-18.3% Year-over-Year 50 Closed Sales +4.1% Year-over-Year 13 Average Days-on-Market 51.8% Year-over-Year Overview
New Listings
March 2024
SFH Single Family Hom 51 New Listings 14 Average Days-on-Market $ A P $1.7M Median Sale Price 4 C Data includes all single family, townhome, and c from MLS Listings. The most recent month’s d may change with late reported activity. Data contain errors and are subject to revision. $ T

12 Average Days-on Market

$640K Median Sale Price

7 Closed Sales

$801 Average Price Per SqFt

$5.4M Total Volume

CONDO
New
Condo & Townhomes 7
Listings

Luxury Listings for Sale

Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 00 05 10 1.5 20 November December January February March (+$3,000,000 & Above) 0 1 2 3 4 5 November December January February March 4 2 2 2 1 0 0 1 0 0 1 1 0 3 3 5 0 0 1 (+$3,000,000 & Above)
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 5 3 8 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 1 , 6 2 5 , 0 0 0 $ 1 , 7 4 0 , 0 0 0 $ 1 , 8 7 7 , 5 0 0 $ 1 , 7 2 5 , 0 0 0 $ 1 , 4 1 7 , 5 0 0 $ 1 , 4 7 2 , 5 0 0 $ 1 , 3 2 0 , 0 0 0 $ 1 , 2 5 7 , 0 0 0 $ 1 , 5 5 8 , 5 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 1 , 5 5 8 , 5 0 0 $ 1 , 5 7 2 , 5 0 0 $ 1 , 6 3 3 , 0 0 0 $ 1 , 6 9 9 , 5 0 0 $ 1 , 6 1 7 , 5 0 0 $ 1 , 7 1 7 , 5 0 0 $ 1 , 6 5 0 , 0 0 0 $ 1 , 6 0 0 , 0 0 0 $ 1 , 5 3 8 , 0 0 0 $ 1 , 6 2 5 , 0 0 0 $ 1 , 7 4 0 , 0 0 0 $ 1 , 8 7 7 , 5 0 0 $ 1 , 7 2 5 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY
0 20 40 60 80 November December January February March 20 0 10 20 30 40 50 60 70 November December January February March 0 5 10 15 20 25 30 November December January February March 0 10 20 30 40 50 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 38 35 29 23 31 33 66 16 34 16 18 20 29 26 48 27 39 49 23 30 45 54 20 42 13 22 13 30 10 50 13 24 38 34 58 37 38 28 71

Blossom Valley

The market for Single Family Homes, Condo, and Townhomes units saw 56 closed sales at a median price of $1.4m. There was a total of 92 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $843.

Data includes all single family, townhome, and condominium sales in Blossom Valley sourced from MLS Listings The most recent month’s data is based on available numbers, but may change with late reported

92 New Listings 56 Closed Sales 13 Average Days-on-Market Overview March 2024
may
errors
revision
activity Data from sources deemed reliable but
contain
and are subject to
SFH Single Family Homes 67 New
Average
$930 Average
39 Closed
Listings 12
Days-on-Market
Price Per SqFt $1.6M Median Sale Price
Sales $61M Total Volume
activity.
revision.
Data includes all single family, townhome, and condominium sales in Blossom Valley sourced from MLS Listings. The most recent month’s data is based on available numbers, but may change with late reported
Data from sources deemed reliable but may contain errors and are subject to

15 Average Days-on Market

$630K Median Sale Price

17 Closed Sales

$642 Average Price Per SqFt

$11M Total Volume

CONDO
New
Condo & Townhomes 25
Listings

Luxury Listings for Sale

(+$3,000,000 & Above)

(+$3,000,000 & Above)

Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR Previous Yea Previous Yea 0 20 40 60 80 100 November December January February Marc Nodatatodispla 0 20 40 60 80 100 November December January February March Nodatatodispla
MONTH, YEAR-OVER-YEAR
BY
Jun Ju AugSepOc Nov Dec Jan FebMar
Mar AprMay
0 20 40 60 80 100 November December January February March 28 0 20 40 60 80 November December January February March 0 5 10 15 20 25 30 35 November December January February March 0 10 20 30 40 50 60 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 49 47 55 26 39 52 58 31 55 26 27 31 41 25 54 27 56 48 28 48 49 79 19 48 16 27 18 52 18 56 13 26 53 55 92 43 43 49 68

Santa Teresa

What's in the Santa Teresa data?

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $1.4m. There was a total of 30 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $812.

March 2024

30

+42.8% Year-over-Year

Average Price Per SqFt

$812 New Listings

+12 6% Year-over-Year

23

$1.4M Closed Sales Median Sale Price -17.8% Year-over-Year

+18 4% Year-over-Year

Total Volume -62% Year-over-Year

11 $31M Average Days-on-Market

-7 3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Teresa 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

Overview

Listings

Median Sale Price 16 Closed Sales

9 Average Days-on-Market $868 Average Price Per SqFt $1.5M

$25M Total Volume

Data includes all single family, townhome, and condominium sales in Santa Teresa 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.

SFH Single
Family Homes 18 New
CONDO
Sale Luxury Contracts Signed 0 20 40 60 80 100 November December January February March Nodatatodispla 00 02 04 0.6 08 10 November December January February March Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year (+$3,000,000 & Above) 1 1 1 0 0 1 0 0 0 1 1 (+$3,000,000 & Above)
Luxury Listings for
PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 2 0 0 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 1 , 2 3 0 , 0 0 0 $ 1 , 2 9 2 , 5 0 0 $ 1 , 4 5 0 , 0 0 0 $ 1 , 4 7 5 , 0 0 0 $ 1 , 1 6 0 , 0 0 0 $ 1 , 0 3 6 , 9 4 0 $ 1 , 2 1 2 , 9 4 4 $ 1 , 1 3 5 , 3 3 0 $ 1 , 2 4 5 , 0 0 1 $0 $500,000 $1,000,000 $1,500,000
Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 1 , 2 4 5 , 0 0 1 $ 1 , 3 0 0 , 0 0 0 $ 1 , 3 4 5 , 0 0 0 $ 1 , 3 4 0 , 0 0 0 $ 1 , 2 4 0 , 5 0 0 $ 1 , 2 4 0 , 0 0 0 $ 1 , 4 2 0 , 0 0 0 $ 1 , 2 5 0 , 0 0 0 $ 1 , 2 0 0 , 0 0 0 $ 1 , 2 3 0 , 0 0 0 $ 1 , 2 9 2 , 5 0 0 $ 1 , 4 5 0 , 0 0 0 $ 1 , 4 7 5 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY MONTH
$2,000,000
0 5 10 15 20 25 30 November December January February March 11 0 5 10 15 20 25 30 November December January February March 0 10 20 30 40 50 November December January February March 0 5 10 15 20 25 30 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 18 19 17 14 18 27 21 29 20 26 10 28 18 39 28 29 15 18 7 13 19 27 15 17 17 7 43 17 9 23 11 7 19 21 30 19 21 17 21

Almaden Valley

What's in the Almaden Valley data?

The market for Single Family Homes, Condo, and Townhomes units saw 26 closed sales at a median price of $2.1m. There was a total of 43 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $982.

March 2024

43

-14% Year-over-Year

Average Price Per SqFt

$982 New Listings

+5% Year-over-Year

26

$2.1M Closed Sales Median Sale Price -16.1% Year-over-Year

+3% Year-over-Year

Total Volume -35% Year-over-Year

13 $59M Average Days-on-Market

+10 8% Year-over-Year

Data includes all single family, townhome, and condominium sales in Almaden Valley 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

Overview

Listings

14 Average Days-on-Market $1,000

Average Price Per SqFt $2.2M

$56M

Total Volume

Median Sale Price 24 Closed Sales

Data includes all single family, townhome, and condominium sales in Almaden Valley 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.

SFH Single
Family Homes 37 New

6 New Listings

11 Average Days-on Market

$1.4M Median Sale Price

2 Closed Sales

$773 Average Price Per SqFt

$2.8M Total Volume

CONDO
Condo & Townhomes
Luxury Contracts Signed 00 05 10 15 20 25 30 November December January 0 2 4 6 8 10 November December January Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year (+$3,000,000 & Above) 7 3 1 0 3 2 9 1 2 1 1 1 6 3 4 7 6 5 6 3 (+$3,000,000 & Above)
Luxury Listings for Sale
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $ 1 , 8 6 0 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 2 , 2 6 9 , 4 4 4 $ 2 , 0 6 5 , 0 0 0 $ 2 , 2 3 2 , 4 1 8 $ 2 , 1 7 5 , 0 0 0 $ 1 , 9 5 0 , 0 0 0 $ 1 , 8 7 7 , 5 0 0 $ 2 , 0 3 4 , 0 0 0 $ 1 , 8 0 0 , 0 0 0 $ 2 , 1 1 1 , 0 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 2 , 1 1 1 , 0 0 0 $ 2 , 3 1 8 , 5 0 0 $ 2 , 1 0 0 , 0 0 0 $ 2 , 1 0 0 , 0 0 0 $ 2 , 1 6 9 , 0 0 0 $ 2 , 1 1 5 , 0 0 0 $ 2 , 0 3 7 , 5 0 0 $ 1 , 9 9 9 , 9 4 4 $ 1 , 8 6 0 , 0 0 0 $ 2 , 2 6 9 , 4 4 4 $ 2 , 0 6 5 , 0 0 0 $ 2 , 2 3 2 , 4 1 8 $ 2 , 1 7 5 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY
0 10 20 30 40 50 November December January February March 10 0 5 10 15 20 25 30 35 November December January February March 0 10 20 30 40 50 November December January February March 0 5 10 15 20 25 30 35 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 21 24 12 15 15 26 32 34 12 25 12 47 16 37 31 20 17 23 10 15 23 29 15 20 21 13 14 18 7 26 13 7 21 31 43 18 25 28 50

Fremont

What's in the Fremont data?

The market for Single Family Homes, Condo, and Townhomes units saw 134 closed sales at a median price of $1.5m. There was a total of 169 new listings with an average of 10 days on the market without price reduction and with an average price per square foot of $988.

March 2024

169

+28% Year-over-Year

Average Price Per SqFt

$988 New Listings

+17% Year-over-Year

134

+19.6% Year-over-Year

Median Sale Price

$1.5M Closed Sales

+23 1% Year-over-Year

10

Total Volume -62.9% Year-over-Year

$217M Average Days-on-Market

+45 4% Year-over-Year

Data includes all single family, townhome, and condominium sales in Fremont 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

Overview

Listings

91 Closed Sales

9 Average Days-on-Market

$1,100 Average Price Per SqFt $1.7M

Median Sale Price

$176M

Total Volume

Data includes all single family, townhome, and condominium sales in Fremont 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.

SFH Single Family Homes 107 New

43 Closed Sales

12 Average Days-on Market $751 Average Price Per SqFt

$848K Median Sale Price

$40M Total Volume

CONDO Condo
New
& Townhomes 62
Listings
Luxury Listings for Sale Luxury Contracts Signed 0 2 4 6 8 10 November December January February 0 2 4 6 8 10 November December January February Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year (+$3,000,000 & Above) 3 2 1 4 9 7 3 0 2 1 4 3 1 3 3 2 4 5 9 9 (+$3,000,000 & Above)
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 3 6 0 , 0 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 1 , 3 0 0 , 0 0 0 $ 1 , 3 6 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 3 0 , 0 0 0 $ 1 , 3 0 0 , 2 5 0 $ 1 , 2 5 0 , 0 0 0 $ 1 , 2 5 0 , 0 0 0 $ 1 , 3 0 0 , 0 0 0 $ 1 , 2 4 2 , 5 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 1 , 2 4 2 , 5 0 0 $ 1 , 3 2 0 , 0 0 0 $ 1 , 3 5 5 , 7 9 4 $ 1 , 4 0 0 , 0 0 0 $ 1 , 3 8 0 , 0 0 0 $ 1 , 4 5 5 , 0 0 0 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 7 5 , 0 0 0 $ 1 , 3 6 0 , 0 0 0 $ 1 , 3 0 0 , 0 0 0 $ 1 , 3 6 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 3 0 , 0 0 0
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY
0 50 100 150 200 November December January February March 45 0 20 40 60 80 100 120 140 November December January February March 0 5 10 15 20 25 30 35 November December January February March 0 20 40 60 80 100 120 140 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 110 90 72 54 73 92 112 29 97 26 61 31 64 33 112 27 97 93 64 86 122 132 16 88 21 65 29 89 13 134 10 53 130 155 169 89 86 122 132

Milpitas

What's

in the Milpitas data?

The market for Single Family Homes, Condo, and Townhomes units saw 34 closed sales at a median price of $1.3m. There was a total of 60 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $938.

March 2024

60

+36.3% Year-over-Year

Average Price Per SqFt

$938 New Listings

+12 7% Year-over-Year

34

$1.3M Closed Sales Median Sale Price -2.8% Year-over-Year

+14% Year-over-Year

+58.8% Year-over-Year

Total Volume

27 $47M Average Days-on-Market

+3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Milpitas 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

Overview
SFH Single Family Homes 28 New Listings 30 Average Days-on-Market $1,125 Average Price Per
$1.6M Median
16 Closed Sales
SqFt
Sale Price
numbers, but
change
late
activity. Data
sources deemed reliable but may
errors
revision.
Data includes all single family, townhome, and condominium sales in Milpitas sourced from MLS Listings. The most recent month’s data is based on available
may
with
reported
from
contain
and are subject to
$25M Total Volume

25 Average Days-on Market

$1.2M Median Sale Price

18 Closed Sales

$772 Average Price Per SqFt

$21M Total Volume

CONDO
New
Condo & Townhomes 32
Listings
Sale Luxury Contracts Signed 0 20 40 60 80 100 November December January February March Nodatatodispla 00 05 10 15 20 November December January February March Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year (+$3,000,000 & Above) 0 1 0 2 0 0 (+$3,000,000 & Above)
Luxury Listings for
MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 0 9 2 , 5 0 0 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 November December January February March $ 1 , 3 5 0 , 0 0 0 $ 1 , 3 7 2 , 5 0 0 $ 1 , 5 3 0 , 0 0 0 $ 1 , 3 9 6 , 4 9 8 $ 1 , 2 3 5 , 0 0 0 $ 1 , 2 0 5 , 2 5 0 $ 1 , 3 1 0 , 0 0 0 $ 1 , 1 1 7 , 5 0 0 $ 1 , 2 2 4 , 0 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 $ 1 , 2 2 4 , 0 0 0 $ 1 , 2 7 7 , 5 2 3 $ 1 , 3 9 5 , 0 0 0 $ 1 , 3 0 5 , 0 0 0 $ 1 , 3 5 5 , 0 0 0 $ 1 , 3 5 4 , 5 0 0 $ 1 , 3 3 5 , 0 0 0 $ 1 , 3 5 0 , 0 0 0 $ 1 , 0 9 2 , 5 0 0 $ 1 , 3 5 0 , 0 0 0 $ 1 , 3 7 2 , 5 0 0 $ 1 , 5 3 0 , 0 0 0 $ 1 , 3 9 6 , 4 9 8
Median Sales Price BY MONTH, YEAR-OVER-YEAR BY
0 10 20 30 40 50 60 November December January February March 14 0 10 20 30 40 50 November December January February March 0 10 20 30 40 50 November December January February March 0 5 10 15 20 25 30 35 November December January February March New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR Back to Table of Contents 21 32 17 20 20 36 41 26 21 23 15 15 24 33 35 27 18 20 21 19 34 49 19 19 22 20 19 21 13 34 10 18 30 42 60 34 27 39 44

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 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.

KW Bay Area Estates 16780 Lark Ave Ste A, Los Gatos, CA 95032 Phone: (408) 560-9000 12820 Saratoga-Sunnyvale Rd, Saratoga, CA 95070 Phone: (408) 418-3911 LISA SMITH KW Bae Area Estates DRE #02028893 (408) 438-3700 Lisa.Smith@kw.com www.LisaSmithRealtor.kw.com

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