Martin Santiago - February 2025 Market Report | Peninsula Estates (Santa Clara County)

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Peninsula Estates

Santa Clara County

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What’syourhome reallyworthin today’smarket?

That's 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. 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?

Icanhelp...

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

BuyerBrightSpot: ThereAreMoreHomesonthe Market

The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find something in your budget.

But here’s what you need to know. The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived-in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’re been looking for.

Sant Cou

What's in t

County da

There were 492 providing 0.7 mo new listings, and price of $1.8m. T was at 101 4%, w market.

There were 428 sale, providing 1 were 463 new lis median sale pric percentage was days on the mar

678 New Listings

371 Sold Listings

0.7 Months of Inventory

$1.8M Median Sale Price

101.4% Median Sale vs List

28 Avg Days on Market

homes, This data Peninsula

463

New Listings

1.4 Months of Inventory

Listings

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last January 2024, to $1 8m as of January 2025

Condos & Townhomes

The median sale price has decreased from $922k last January 2024, to $920k as of January 2025

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last January 2024, to 28 days as of January 2025

Condos & Townhomes

The average time spent on the market went up from 39 days in January 2024, to 45 days as of January 2025.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last January 2024, to 101 4% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last January 2024, to 100% a year later.

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