Stefan Walker - June 2025 Market Update

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KW Bay Area Estates

Santa Clara County

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San Mateo County

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San Francisco County

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Alameda County

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What’syourhome reallyworthintoday’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 today's market?

Lately, it feels like every headline about the housing market comes with a side of doubt. Are prices going up or down? Are we headed for a crash? Will rates ever come down? And all the media noise may leave you wondering: does it really make sense to buy a home right now?

But here’s one thing that doesn’t get enough airtime. Real estate has always been about the long game. And when you look at the big picture, not just the latest clickbait headlines, it’s easy to see why so many people say it’s still the best investment you can make –even now.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,137 closed sales at a median price of $1.7m. There was a total of 1,586 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,112.

June 2025

1,586

+7% Year-over-Year

$1,112 New Listings

1,137

Average Price Per SqFt

+1 7% Year-over-Year

$1.7M Closed Sales

Median Sale Price -3% Year-over-Year +5 5% Year-over-Year

21

Total Volume +31.3% Year-over-Year

$2.4B Average Days-on-Market

+3 2% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’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

Single Family Homes

1,075 New Listings

833 Closed Sales

18 Average Days-on-Market

$2M

Median Sale Price

$1,226 Average Price Per SqFt

$2B Total Volume

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings. The most recent quarter’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.

511

304 Closed Sales

29 Average Days-on Market

$947K Median Sale Price

$801 Average Price Per SqFt

$330M Total Volume

Luxury Listings for Sale

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 448 closed sales at a median price of $1.7m. There was a total of 627 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $1,130.

June 2025

627

Year-over-Year

Average Price Per SqFt

$1,130 New Listings

448

$1.7M Closed Sales

4%Year-over-Year

26

$1B Average Days-on-Market Total Volume -0 7% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings The most recent quarter’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

Family Hom

466 New Listings

22 Average Days-on-Market $ A P $2M Median Sale Price 3 C $ T

Data includes all single family, townhome, and condominium sourced from MLS Listings. The most recent numbers, but may change with late reported activity. but may contain errors and are subject to revision.

$781 Average Price Per SqFt 87 Closed Sales

$81M

Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 424 closed sales at a median price of $1.5m. There was a total of 439 new listings with an average of 35 days on the market without price reduction and with an average price per square foot of $1,031.

June 2025

439

$1,031 New Listings

Average Price Per SqFt -2.7% Year-over-Year +2 0% Year-over-Year

424

$1.5M Closed Sales Median Sale Price

Year-over-Year +3 2% Year-over-Year

35

$748M Average Days-on-Market Total Volume 0.0% Year-over-Year +16 8% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings The most recent quarter’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

Family Hom

213 New Listings

2 Cl $ To

20 Average Days-on-Market $ Av Pe $1.7M Median Sale Price

Data includes all single family, townhome, and County sourced from MLS Listings. The most recent numbers, but may change with late reported activity. but may contain errors and are subject to revision.

202 Closed Sales

1,018 Average Price Per SqFt

274M

Total Volume

Luxury Listings for Sale

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 966 closed sales at a median price of $1.1m. There was a total of 1,455 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $734.

June 2025

$734 New Listings

1,455

Average Price Per SqFt +4.2% Year-over-Year -4 1% Year-over-Year

966

$1.1M Closed Sales Median Sale Price

Year-over-Year -5 8% Year-over-Year

28

$1.2B Average Days-on-Market

Total Volume +47.4% Year-over-Year +0 3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings The most recent quarter’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

Single Family Hom

1,051 New Listings

24 Average Days-on-Market $ Av Pe $1.3M

Median Sale Price

7 Cl $ To

Data includes all single family, townhome, and condominium sourced from MLS Listings. The most recent numbers, but may change with late reported activity. but may contain errors and are subject to revision.

207 Closed Sales

$592 Average Price Per SqFt

150M

Total Volume

Santa Cruz County

What's in the Santa Cruz County data?

The market for Single Family Homes, Condo, and Townhomes units saw 170 closed sales at a median price of $1.1m. There was a total of 293 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $832.

June 2025

293

$832 New Listings

Average Price Per SqFt +29.7% Year-over-Year -8 6% Year-over-Year

170

Median Sale Price

$1.1M Closed Sales

Year-over-Year -7 5% Year-over-Year

28

$246M Average Days-on-Market

Total Volume +3.7% Year-over-Year +20 5% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Cruz County sourced from MLS Listings The most recent quarter’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

Single Family Homes

237 New Listings

130 Closed Sales

26 Average Days-on-Market

$1.3M

Median Sale Price

$881 Average Price Per SqFt

$209M

Total Volume

Data includes all single family, townhome, and condominium sales in Santa Cruz County sourced from MLS Listings. The most recent quarter’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.

56 ew Listings

40 Closed Sales

34 Average s-on Market

45K n Sale Price

$674 Average Price Per SqFt

$34M Total Volume

Monterey County

What's in the Monterey County data?

The market for Single Family Homes, Condo, and Townhomes units saw 178 closed sales at a median price of $941k. There was a total of 250 new listings with an average of 53 days on the market without price reduction and with an average price per square foot of $768.

June 2025

250

+0.8% Year-over-Year

178

Average Price Per SqFt

$768 New Listings

+0 4% Year-over-Year

Median Sale Price

$941K Closed Sales

Year-over-Year -5 9% Year-over-Year

53

$253M Average Days-on-Market

Total Volume +65.6% Year-over-Year +11 3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Monterey County sourced from MLS Listings The most recent quarter’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

36 New Listings

20 Closed Sales

59 Average Days-on Market

$888K Median Sale Price

$667 Average Price Per SqFt

$19M Total Volume

Luxury Listings for Sale

Dedicatedto

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.

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