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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.
When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 2,262 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.6 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 4,715 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 20 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $1,098, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
4,715
$1,098 New Listings
Average Price Per SqFt +38.5% Year-over-Year +6 0% Year-over-Year
2,262
Year-over-Year
$1.6M
9% Year-over-Year
20 $4.5B Average Days-on-Market
Year-over-Year +16 3% 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
The market for Single Family Homes saw 1,504 closed sales at a median price of $1 9M There was a total of 3,002 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,239. With a total volume of $3.6B.
The market for Townhomes & Condominiums saw 758 closed sales at a median price of $1M There was a total of 1,713 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $818. With a total volume of $850M.
Sales Price vs. Original Asking
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 859 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.6 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 1,766 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 28 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $1,111, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
New Listings
1,766
+23.8% Year-over-Year
Average Price Per SqFt
$1 111
859
$1 6M Closed Sales Median Sale Price -0.6%Year-over-Year
Average Days-on-Market
28
Total Volume -12.5% Year-over-Year
$1 9B
The market for Single Family Homes saw 642 closed sales at a median price of $1.9M. There was a total of 1,237 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,205. With a total volume of $1.6B.
The market for Townhomes & Condominiums saw 217 closed sales at a median price of $950k There was a total of 529 new listings with an average of 38 days on the market without price reduction and with an average price per square foot of $832. With a total volume of $228M.
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 1,946 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.1 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 4,255 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 28 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $731, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
New Listings
4,255
+31.9% Year-over-Year
Average Price Per SqFt
$731
1,946
$1.2M Closed Sales Median Sale Price +4.7% Year-over-Year
28
Total Volume -12.0% Year-over-Year
$2.4B Average Days-on-Market
The market for Single Family Homes saw 1,447 closed sales at a median price of $1 1M There was a total of 2,951 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $776. With a total volume of $2B.
The market for Townhomes & Condominiums saw 499 closed sales at a median price of $725K There was a total of 1,304 new listings with an average of 41 days on the market without price reduction and with an average price per square foot of $601. With a total volume of $381M.
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 1,916 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $780k, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 3,834 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 31 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $544, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
3,834
+27.4% Year-over-Year
Average Price Per SqFt
$544 New Listings
1,916
+3.7% Year-over-Year
Median Sale Price
$780K Closed Sales
Average Days-on-Market
31
+6.9% Year-over-Year
Total Volume
$1.9B
The market for Single Family Homes saw 1,447 closed sales at a median price of $844K There was a total of 2,850 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $553. With a total volume of $1.6B.
2,000 2,500 3,000 3,500
The market for Townhomes & Condominiums saw 469 closed sales at a median price of $580k There was a total of 984 new listings with an average of 37 days on the market without price reduction and with an average price per square foot of $517. With a total volume of $324M.
The latest data from the housing market indicates a resilient and active landscape across Single Family Homes, Condos, and Townhomes. With 308 closed sales recorded during the reporting period, the market continues to exhibit robust performance, demonstrating sustained demand among buyers. The median price for these properties stands impressively at $1.1 million, underscoring their desirability and the overall strength of the market, especially in serving upscale clientele.
Moreover, the market saw a total of 726 new listings, indicating healthy inventory levels and providing buyers with a diverse range of options to consider. This influx of listings reflects positively on the market's capacity to accommodate varying preferences, contributing to its dynamism and attractiveness.
A particularly notable metric is the average duration properties spend on the market before sale, which stands at 43 days without price reduction. This indicates a swift turnaround time for properties, suggesting high buyer interest and competitive conditions within the market.
Additionally, the average price per square foot remains high at $827, emphasizing the premium nature of the properties available and attracting buyers seeking upscale residences with superior features and amenities.
Overall, these indicators paint a picture of resilience and continued vitality in the housing market. Despite external factors, the market for Single Family Homes, Condos, and Townhomes appears well-positioned for sustained growth and stability in the foreseeable future.
Joe Han | General Manager & Senior VP
New Listings
726
+54.1% Year-over-Year
Average Price Per SqFt
$827K
+8 8% Year-over-Year
308
+7.7% Year-over-Year
Median Sale Price
$1.1M Closed Sales
+5 2% Year-over-Year
Average Days-on-Market
43
+7.5% Year-over-Year
Total Volume
$405M
+20 9% Year-over-Year
The market for Single Family Homes saw 222 closed sales at a median price of $1.2M. There was a total of 542 new listings with an average of 43 days on the market without price reduction and with an average price per square foot of $860. With a total volume of $324M.
The market for Townhomes & Condominiums saw 86 closed sales at a median price of $842K There was a total of 184 new listings with an average of 42 days on the market without price reduction and with an average price per square foot of $741. With a total volume of $80M.
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 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.