Shannon Rose - May 2024 Market Update

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KW Bay Area Estates

Jump to Santa Clara County Report
Santa Clara County
Jump to San Mateo County Report
San Mateo County

About Me

Shannon Rose is a Silicon Valley REALTOR®, Master Certified Negotiation Expert (MCNE®), Certified Divorce Real Estate Expert (CDRE™), and leader of Rose Group, a high-performing real estate team with Keller Williams Bay Area Estates in Los Gatos, California.

Since 2004, Shannon has skillfully navigated through some of the best and worst times the area’s real estate market has ever seen—from the near-collapse of global financial markets in the 2000’s to the region’s transformation into one of the world’s elite real estate markets— helping more than 500 happy clients to buy or sell their Bay Area homes. To help her refine her service to her clients, she has pursued a number of designations that ensure she has the education and experience to help her clients thrive, no matter how they need help with their real estate goals.

For instance, in addition to working directly with the region’s most qualified buyers and sellers, Shannon uses her expertise to guide divorce attorneys and their clients through complicated and tenuous real estate transactions, helping divorcing couples to overcome their frustrations with each other and refocus their energy on protecting the value of their joint real estate assets. She’s also a Seniors Real Estate Specialist® (SRES®) trained to guide homebuyers and sellers over the age of 50 through major financial and lifestyle transitions.

Check out my website here

Each office is independently owned and operated.

SHANNON ROSE

Realtor® CDRE, SRES DRE #01422955 Team@RoseGroupRe com RoseGroupRe com (650) 550-8646

Client

Testimonials

“Shannon was our listing agent, and she did her work diligently and efficiently. Most importantly, she helped our sale transaction delivered on time, and we could all rest assured without worries. A very knowledgeable and ethical real estate PROFESSIONAL who knows what to do, how to do, and when to do.”

“ Shannon has been my realtor for buy-side and sell-side transactions. Shannon is a fierce negotiator, and will do everything possible to get you the best deal. Shannon is incredibly knowledgeable, goes above and beyond for her clients, and is extremely fun to work “

- Sarah M.

“ Shannon and Dan helped us to buy and sell houses. With their help and professionalism, the selling and buying experience had been fantastic. They helped us to arrange with handyman, floor repair service, cleaning service, and other services, resulting much less headache for my family. “

- Larry S.

For more testimonials, click here

Schedule A Meeting Work with

Shannon Rose

I am dedicated to maintaining a long-term 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

Realtor® CDRE, SRES

DRE #01422955

Team@RoseGroupRe com

RoseGroupRe com (650) 550-8646

Book a consultation here

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.

What

To Expect if You Buy or Sell a

If You’re Buying This June

A lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have more options. As an article from Bankrate says:

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,316 closed sales at a median price of $1.7m. There was a total of 2,021 new listings with an average of 14 days on the market without price reduction and with an average price per square foot of $1,124.

May 2024

2,021

+48.9% Year-over-Year

1,316

Average Price Per SqFt

$1,124 New Listings

+10% Year-over-Year

$1.7M

Year-over-Year +13 2% Year-over-Year

Average Days-on-Market Total Volume -26.3% Year-over-Year

14 $2.6B

+28 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

1,375 New Listings

913 Closed Sales

14 Average Days-on-Market

$2M

Median Sale Price

$1,247

Average Price Per SqFt

$2.2B 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.

645 New Listings

15 Average Days-on Market

$1M Median Sale Price

403 Closed Sales

$846 Average Price Per SqFt

$453M Total Volume

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 487 closed sales at a median price of $1.8m. There was a total of 754 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,168.

May 2024

754

+28.8% Year-over-Year

487

Average Price Per SqFt

$1,168 New Listings

+9 9% Year-over-Year

Median Sale Price

$1.8M Closed Sales

Year-over-Year +17 4% Year-over-Year

Average Days-on-Market

17 $1.1B

Total Volume -19% Year-over-Year

+23 5% 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 may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

571 New Listings

369 Closed Sales

15 Average Days-on-Market

$2.3M

Median Sale Price

$1,272

Average Price Per SqFt

$1B Total Volume

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

Price Per SqFt

$127M Total Volume

Luxury Listings for Sale

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.

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