Stefan Walker - March 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 in today's market?

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 996 closed sales at a median price of $1.6m. There was a total of 2,018 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $1,145.

Overview

March 2025

2,018

Year-over-Year

Average Price Per SqFt

$1,145 New Listings

Year-over-Year

996

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

16

$2.1B Average Days-on-Market

Total Volume -5.9% Year-over-Year +15.9% 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

696 New Listings

331 Closed Sales

20 Average ys-on Market

$818 Average Price Per SqFt

.1M ian Sale Price

$375M 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 384 closed sales at a median price of $1.6m. There was a total of 723 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,136.

March 2025

723

$1,136 New Listings

Average Price Per SqFt +29.8% Year-over-Year +1.0% Year-over-Year

384

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

21

Total Volume -16% Year-over-Year

$862M Average Days-on-Market

+12.1% 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

Single Family Homes

514 New Listings

281 Closed Sales

17 Average Days-on-Market

$2M

Median Sale Price

$1,245 Average Price Per SqFt

$751M

Total Volume

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

209 New Listings

103 Closed Sales

31 Average Days-on Market

$837 Average Price Per SqFt

$970K Median Sale Price

$110M 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 390 closed sales at a median price of $1.4m. There was a total of 655 new listings with an average of 32 days on the market without price reduction and with an average price per square foot of $1,060.

March 2025

655

$1,060 New Listings

Average Price Per SqFt +12.4% Year-over-Year +3.2% Year-over-Year

390

Median Sale Price +13% Year-over-Year

$1.4M Closed Sales

Year-over-Year

32

$729M Average Days-on-Market

Total Volume -11.1% Year-over-Year +18.7% 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

Single Family Homes

291 New Listings

187 Closed Sales

19 Average Days-on-Market

$1.8M

Median Sale Price

$1,111 Average Price Per SqFt

$473M

Total Volume

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

Condo & Townhomes

364 New Listings

203 Closed Sales

44 Average Days-on Market

$1,012 Average Price Per SqFt

$1M Median Sale Price

$256M 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 839 closed sales at a median price of $1.2m. There was a total of 1,707 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $754.

March 2025

$754 New Listings

1,707

Average Price Per SqFt +39% Year-over-Year -0.8% Year-over-Year

839

$1.2M Closed Sales

Year-over-Year

Sale Price

Year-over-Year

20

$1B Average Days-on-Market Total Volume

Year-over-Year +3.7% 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

1,195

New Listings

17 Average Days-on-Market

$1.3M

Median Sale Price

$ Av Pe

6 Cl $ To

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

204 Closed Sales

$615

Average Price Per SqFt

162M

Total Volume

Dedic

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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