KW Bay Area Estates
Santa Clara County
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San Mateo County
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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.
WhatIsGoingonwith MortgageRates?
You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.
Economic Factors That Impact Mortgage Rates
When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.
The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in early 2022. That rate impacts how much it costs banks to borrow money from each other. It doesn’t determine mortgage rates, but mortgage rates do respond when this happens. And that’s when mortgage rates started to really climb.
Santa Clara County
What's in the Santa Clara County data?
The market for Single Family Homes, Condo, and Townhomes units saw 1,163 closed sales at a median price of $1.7m. There was a total of 1,930 new listings with an average of 14 days on the market without price reduction and with an average price per square foot of $1,143.
April 2024
1,930
$1,143 New Listings Average Price Per SqFt
1,163
$1.7M
14 $2.3B
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
63.7% Year-over-Year
5% Year-over-Year
13
Closed Sales Median Sale Price 38.9% Year-over-Year 13 2% Year-over-Year
Average
Total Volume -26.3% Year-over-Year 55
Overview
Days-on-Market
8% Year-over-Year
1,314 New Listings
809 Closed Sales
13 Average Days-on-Market
$1.9M
Median Sale Price
$1,274
Average Price Per SqFt
$1.9B 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.
SFH Single Family Homes
16 Average Days-on Market
$1M Median Sale Price
354 Closed Sales
$844 Average Price Per SqFt
$402M Total Volume
616 New Listings
Luxury Listings for Sale
Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 0 50 100 150 200 250 300 December January February March April 0 20 40 60 80 100 120 140 December January February March April (+$3,000,000 & Above) (+$3,000,000 & Above) 136 144 276 213 186 205 188 162 133 147 35 48 31 36 99 89 138 77 131 109
MONTH, YEAR-OVER-YEAR BY MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 December January February March April $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024 $ 1 , 5 0 1 , 0 0 0 $ 1 , 5 0 1 , 4 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 1 $ 1 , 5 2 0 , 5 0 0 $ 1 , 5 2 1 , 0 0 0 $ 1 , 5 4 1 , 0 0 0 $ 1 , 4 5 0 , 0 0 0 $ 1 , 4 1 7 , 5 0 0 $ 1 , 4 4 0 , 5 0 0 $ 1 , 4 6 0 , 0 0 0 $ 1 , 6 3 3 , 3 3 3 $ 1 , 7 0 0 , 0 0 0 $ 1 , 4 1 7 , 5 0 0 $ 1 , 4 4 0 , 5 0 0 $ 1 , 4 6 0 , 0 0 0 $ 1 , 6 3 3 , 3 3 3 $ 1 , 7 0 0 , 0 0 0 $ 1 , 3 0 0 , 0 0 0 $ 1 , 3 2 7 , 4 5 0 $ 1 , 2 6 0 , 0 0 0 $ 1 , 4 1 8 , 5 0 0 $ 1 , 5 0 1 , 0 0 0
Median Sales Price BY
Back to Table of Contents 0 500 1,000 1,500 2,000 December January February March April 0 200 400 600 800 1000 1200 1400 December January February March April 0 5 10 15 20 25 30 35 December January February March April 0 200 400 600 800 1000 1200 December January February March April New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR 408 510 668 25 28 22 17 14 516 695 943 1,163 640 873 1,199 1,259 892 1,145 1,423 1,930 377 472 673 31 35 34 25 19 427 548 923 837 511 818 932 996 750 896 1,189 1,179
The market for Single Family Homes, Condo, and Townhomes units saw 435 closed sales at a median price of $1.6m. There was a total of 674 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $1,144.
April 2024
674
$1,144 New Listings Average Price Per SqFt
435
$1.6M
19 $991M
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
24.3% Year-over-Year
Year-over-Year
5 3%
Closed Sales Median Sale Price 43.5% Year-over-Year 8 9% Year-over-Year
Average
Total Volume -26.9%
Overview
Days-on-Market
Year-over-Year 54 5% Year-over-Year
505 New Listings
333 Closed Sales
18 Average Days-on-Market
$2M
Median Sale Price
$1,230
Average Price Per SqFt
$880M
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.
Single
SFH
Family Homes
169 New Listings
102 Closed Sales
23 Average Days-on Market
$952K Median Sale Price
$861 Average Price Per SqFt
$111M Total Volume
CONDO
Condo & Townhomes
Luxury Listings for Sale
Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year 0 50 100 150 200 250 December January February March April 0 20 40 60 80 100 December January February March April (+$3,000,000 & Above) (+$3,000,000 & Above) 96 123 132 161 209 96 114 119 133 183 33 49 52 82 27 18 24 49 52 56
Median
Price
MONTH, YEAR-OVER-YEAR BY MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 4 0 0 , 0 0 0 $ 1 , 4 0 0 , 0 0 0 $ 1 , 3 3 3 , 0 0 0 $ 1 , 5 5 7 , 5 0 0 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 December January February March April $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 6 3 3 , 0 0 0 $ 1 , 6 8 8 , 8 0 0 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Apr2023May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024 $ 1 , 5 5 0 , 0 0 0 $ 1 , 5 7 5 , 0 0 0 $ 1 , 6 9 7 , 5 0 0 $ 1 , 5 5 9 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 5 3 2 , 5 0 0 $ 1 , 6 5 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 4 0 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 6 3 3 , 0 0 0 $ 1 , 6 8 8 , 8 0 0
Sales
BY
Back to Table of Contents 0 100 200 300 400 500 600 700 December January February March April 0 100 200 300 400 500 December January February March April 0 10 20 30 40 50 December January February March April 0 100 200 300 400 500 December January February March April New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR 145 227 321 36 416 265 206 47 464 349 298 30 568 456 360 25 673 436 435 19 163 236 306 39 333 220 211 42 378 322 252 35 448 349 359 30 542 398 303 26
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.
KW Bay Area Estates 16780 Lark Ave Ste A, Los Gatos, CA 95032 Phone: (408) 560-9000 Joe Han General Manager | SVP | Partner DRE #01400808 JoeHan@kw com 408.829.0779 12820 Saratoga-Sunnyvale Rd, Saratoga, CA 95070 Phone: (408) 418-3911