WHAT IS A MARKET WITHIN A MARKET?
With our vast years of experience, we at Keller Williams Realty have come to notice that, every market within a market has a very different climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.
With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.
Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.
ATHERTON
SFR
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$5,138,250 $1,460
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$6,400,000
24.6%
$1,468
0.5%
Properties Sold ……………………….
21
Properties Sold ……………………….
17
-19.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
16
-11.1%
Properties For Sale …………….……...
58
Properties For Sale …………….……...
43
-25.9%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
55
2.7%
Percent Under Contract ………….……
31.03%
Percent Under Contract ………….……
37.21%
19.9%
BELMONT
SFR
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,632,500 $938
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,840,000
12.7%
$976
4.1%
Properties Sold ……………………….
64
Properties Sold ……………………….
57
-10.9%
Properties Pending Sale ………………
68
Properties Pending Sale ………………
61
-10.3%
Properties For Sale …………….……...
92
Properties For Sale …………….……...
90
-2.2%
Days on Market (Pending Sale) ….…..
13
Days on Market (Pending Sale) ….…..
16
22.0%
Percent Under Contract ………….……
73.91%
Percent Under Contract ………….……
67.78%
-8.3%
BELMONT
CONDO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$563,000 $668
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,027,500
82.5%
$782
17.1%
Properties Sold ……………………….
6
Properties Sold ……………………….
6
0.0%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
4
0.0%
Properties For Sale …………….……...
5
Properties For Sale …………….……...
7
40.0%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
6
-77.7%
Percent Under Contract ………….……
80.00%
Percent Under Contract ………….……
57.14%
-28.6%
BURLINGAME
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$2,180,000 $1,106
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$2,250,000
3.2%
$1,135
2.6%
Properties Sold ……………………….
46
Properties Sold ……………………….
43
-6.5%
Properties Pending Sale ………………
42
Properties Pending Sale ………………
56
33.3%
Properties For Sale …………….……...
64
Properties For Sale …………….……...
91
42.2%
Days on Market (Pending Sale) ….…..
16
Days on Market (Pending Sale) ….…..
22
36.7%
Percent Under Contract ………….……
65.62%
Percent Under Contract ………….……
61.54%
-6.2%
BURLINGAME
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$962,500 $762
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,090,000
13.2%
$900
18.1%
Properties Sold ……………………….
16
Properties Sold ……………………….
8
-50.0%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
8
-42.9%
Properties For Sale …………….……...
22
Properties For Sale …………….……...
12
-45.5%
Days on Market (Pending Sale) ….…..
19
Days on Market (Pending Sale) ….…..
17
-9.2%
Percent Under Contract ………….……
63.64%
Percent Under Contract ………….……
66.67%
4.8%
CAMPBELL
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...
SFR
Q3 2018
$1,315,000 $758 105 91 117
% CHANGE
$1,420,000
8.0%
$867
14.4%
Properties Sold ……………………….
80
-23.8%
Properties Pending Sale ………………
69
-24.2%
132
12.8%
Median Price ……………………..……. Average Price per Square Foot ….…
Properties For Sale …………….……...
Days on Market (Pending Sale) ….…..
16
Days on Market (Pending Sale) ….…..
24
51.4%
Percent Under Contract ………….……
77.78%
Percent Under Contract ………….……
52.27%
-32.8%
CAMPBELL
CONDO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$740,000 $611
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$687,000
-7.2%
$751
22.9%
Properties Sold ……………………….
7
Properties Sold ……………………….
20
185.7%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
17
183.3%
Properties For Sale …………….……...
10
Properties For Sale …………….……...
22
120.0%
Days on Market (Pending Sale) ….…..
13
Days on Market (Pending Sale) ….…..
14
12.4%
Percent Under Contract ………….……
60.00%
Percent Under Contract ………….……
77.27%
28.8%
CUPERTINO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$2,118,712 $1,021
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$2,300,000
8.6%
$1,160
13.6%
Properties Sold ……………………….
68
Properties Sold ……………………….
58
-14.7%
Properties Pending Sale ………………
65
Properties Pending Sale ………………
55
-15.4%
Properties For Sale …………….……...
87
Properties For Sale …………….……...
111
27.6%
Days on Market (Pending Sale) ….…..
16
Days on Market (Pending Sale) ….…..
25
54.4%
Percent Under Contract ………….……
74.71%
Percent Under Contract ………….……
49.55%
-33.7%
CUPERTINO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ……………………….
CONDO
Q3 2018
$1,100,000 $978 9
% CHANGE
$1,207,500
9.8%
$1,053
7.7%
Properties Sold ……………………….
6
-33.3%
4
-60.0%
Median Price ……………………..……. Average Price per Square Foot ….…
Properties Pending Sale ………………
10
Properties Pending Sale ………………
Properties For Sale …………….……...
12
Properties For Sale …………….……...
14
16.7%
Days on Market (Pending Sale) ….…..
18
Days on Market (Pending Sale) ….…..
24
37.8%
Percent Under Contract ………….……
83.33%
Percent Under Contract ………….……
28.57%
-65.7%
EAST PALO ALTO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$850,000 $674
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$1,100,000
29.4%
$723
7.3%
Properties Sold ……………………….
37
Properties Sold ……………………….
25
-32.4%
Properties Pending Sale ………………
36
Properties Pending Sale ………………
28
-22.2%
Properties For Sale …………….……...
59
Properties For Sale …………….……...
52
-11.9%
Days on Market (Pending Sale) ….…..
16
Days on Market (Pending Sale) ….…..
20
28.3%
Percent Under Contract ………….……
61.02%
Percent Under Contract ………….……
53.85%
-11.8%
EAST PALO ALTO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$585,000 $737
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
% CHANGE
$854,944
46.1%
$713
-3.3%
Properties Sold ……………………….
4
Properties Sold ……………………….
2
-50.0%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
3
-62.5%
Properties For Sale …………….……...
9
Properties For Sale …………….……...
4
-55.6%
Days on Market (Pending Sale) ….…..
15
Days on Market (Pending Sale) ….…..
12
-20.2%
Percent Under Contract ………….……
88.89%
Percent Under Contract ………….……
75.00%
-15.6%
FREMONT
SFR
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,050,000 $650
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,220,000
16.2%
$736
13.2%
Properties Sold ……………………….
457
Properties Sold ……………………….
410
-10.3%
Properties Pending Sale ………………
459
Properties Pending Sale ………………
399
-13.1%
Properties For Sale …………….……...
676
Properties For Sale …………….……...
728
7.7%
Days on Market (Pending Sale) ….…..
31.9%
Days on Market (Pending Sale) ….….. 22
17 Percent Under Contract ………….……
-19.3%
Percent Under Contract ………….…… 67.90%
54.81%
FREMONT
CONDO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...
Q3 2018
$587,500 $558 100 84 124
Days on Market (Pending Sale) ….…..
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...
% CHANGE
$693,750
18.1%
$648
16.1%
108
8.0%
95
13.1%
189
52.4% 41.8%
Days on Market (Pending Sale) ….….. 23
16 Percent Under Contract ………….……
-25.8%
Percent Under Contract ………….…… 67.74%
50.26%
HILLSBOROUGH
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$3,575,000 $984
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$4,150,000
16.1%
$1,105
12.3%
Properties Sold ……………………….
36
Properties Sold ……………………….
36
0.0%
Properties Pending Sale ………………
37
Properties Pending Sale ………………
31
-16.2%
Properties For Sale …………….……...
89
Properties For Sale …………….……...
79
-11.2%
Days on Market (Pending Sale) ….…..
-56.7%
Days on Market (Pending Sale) ….….. 35
81 Percent Under Contract ………….……
-5.6%
Percent Under Contract ………….…… 41.57%
39.24%
LOS ALTOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$3,005,000 $1,191
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$3,400,000
13.1%
$1,443
21.2%
Properties Sold ……………………….
72
Properties Sold ……………………….
60
-16.7%
Properties Pending Sale ………………
70
Properties Pending Sale ………………
61
-12.9%
Properties For Sale …………….……...
97
-4.9%
Properties For Sale …………….……...
102
Days on Market (Pending Sale) ….…..
-9.7%
Days on Market (Pending Sale) ….….. 16
17 Percent Under Contract ………….……
-8.4%
Percent Under Contract ………….…… 68.63%
62.89%
LOS ALTOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$1,450,000 $1,112
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,635,000
12.8%
$1,196
7.6%
9
-40.0%
Properties Sold ……………………….
15
Properties Sold ……………………….
Properties Pending Sale ………………
13
Properties Pending Sale ………………
11
-15.4%
Properties For Sale …………….……...
16
Properties For Sale …………….……...
14
-12.5%
Days on Market (Pending Sale) ….…..
-28.4%
Days on Market (Pending Sale) ….….. 11
16 Percent Under Contract ………….……
-3.3%
Percent Under Contract ………….…… 81.25%
78.57%
LOS GATOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$1,965,000 $800
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,790,000
-8.9%
$842
5.2%
Properties Sold ……………………….
131
Properties Sold ……………………….
102
-22.1%
Properties Pending Sale ………………
123
Properties Pending Sale ………………
116
-5.7%
Properties For Sale …………….……...
253
Properties For Sale …………….……...
308
21.7%
Days on Market (Pending Sale) ….…..
9.4%
Days on Market (Pending Sale) ….….. 45
41 Percent Under Contract ………….……
-22.5%
Percent Under Contract ………….…… 48.62%
37.66%
LOS GATOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$865,000 $637
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$837,750
-3.2%
$743
16.6%
Properties Sold ……………………….
5
Properties Sold ……………………….
14
180.0%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
12
71.4%
Properties For Sale …………….……...
21
90.9%
Properties For Sale …………….……...
11
Days on Market (Pending Sale) ….…..
210.4%
Days on Market (Pending Sale) ….….. 37
12 Percent Under Contract ………….……
-10.2%
Percent Under Contract ………….…… 63.64%
57.14%
MENLO PARK
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$2,605,500 $1,277
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$2,230,000
-14.4%
$1,300
1.8%
Properties Sold ……………………….
78
Properties Sold ……………………….
76
-2.6%
Properties Pending Sale ………………
66
Properties Pending Sale ………………
77
16.7%
137
29.2%
Properties For Sale …………….……...
106
Days on Market (Pending Sale) ….…..
Properties For Sale …………….……...
-14.6%
Days on Market (Pending Sale) ….….. 19
22 Percent Under Contract ………….……
-9.7%
Percent Under Contract ………….…… 62.26%
56.20%
MENLO PARK
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...
CONDO
Q3 2018
$1,125,000 $796 13 7 11
Days on Market (Pending Sale) ….…..
% CHANGE
$1,351,500
20.1%
$1,009
26.8%
Properties Sold ……………………….
16
23.1%
Properties Pending Sale ………………
17
142.9%
Properties For Sale …………….……...
28
154.5%
Median Price ……………………..……. Average Price per Square Foot ….…
-36.5%
Days on Market (Pending Sale) ….….. 24
37 Percent Under Contract ………….……
-4.6%
Percent Under Contract ………….…… 63.64%
60.71%
PALO ALTO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...
SFR
Q3 2018
$2,950,000 $1,485 102 99 142
Days on Market (Pending Sale) ….…..
% CHANGE
$3,194,000
8.3%
$1,617
8.9%
Properties Sold ……………………….
70
-31.4%
Properties Pending Sale ………………
72
-27.3%
149
4.9%
Median Price ……………………..……. Average Price per Square Foot ….…
Properties For Sale …………….……...
-19.5%
Days on Market (Pending Sale) ….….. 18
23 Percent Under Contract ………….……
-30.7%
Percent Under Contract ………….…… 69.72%
48.32%
PALO ALTO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$1,562,500 $1,156
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,444,000
-7.6%
$1,222
5.7%
Properties Sold ……………………….
16
Properties Sold ……………………….
18
12.5%
Properties Pending Sale ………………
15
Properties Pending Sale ………………
21
40.0%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
34
41.7%
Days on Market (Pending Sale) ….…..
75.4%
Days on Market (Pending Sale) ….….. 22
13 Percent Under Contract ………….……
-1.2%
Percent Under Contract ………….…… 62.50%
61.76%
REDWOOD CITY
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,607,000 $895
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$1,732,000
7.8%
$981
9.6%
Properties Sold ……………………….
117
Properties Sold ……………………….
128
9.4%
Properties Pending Sale ………………
119
Properties Pending Sale ………………
121
1.7%
Properties For Sale …………….……...
188
Properties For Sale …………….……...
228
21.3%
Days on Market (Pending Sale) ….…..
-2.1%
Days on Market (Pending Sale) ….….. 17
18 Percent Under Contract ………….……
-16.2%
Percent Under Contract ………….…… 63.30%
53.07%
REDWOOD CITY
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$854,000 $685
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
% CHANGE
$912,500
6.9%
$850
24.1%
Properties Sold ……………………….
20
Properties Sold ……………………….
22
10.0%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
21
31.2%
Properties For Sale …………….……...
25
Properties For Sale …………….……...
29
16.0%
Days on Market (Pending Sale) ….…..
0.0%
Days on Market (Pending Sale) ….….. 17
17 Percent Under Contract ………….……
13.1%
Percent Under Contract ………….…… 64.00%
72.41%
REDWOOD SHORES
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,621,250 $886
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$2,550,000
57.3%
$990
11.7%
9
125.0%
Properties Sold ……………………….
4
Properties Sold ……………………….
Properties Pending Sale ………………
5
Properties Pending Sale ………………
12
140.0%
Properties For Sale …………….……...
7
Properties For Sale …………….……...
17
142.9%
Days on Market (Pending Sale) ….…..
67.6%
Days on Market (Pending Sale) ….….. 15
9 Percent Under Contract ………….……
-1.2%
Percent Under Contract ………….…… 71.43%
70.59%
REDWOOD SHORES
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,124,444 $724
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
% CHANGE
$1,250,000
11.2%
$829
11.7%
Properties Sold ……………………….
54
Properties Sold ……………………….
49
-9.3%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
53
1.9%
Properties For Sale …………….……...
77
Properties For Sale …………….……...
82
6.5%
Days on Market (Pending Sale) ….…..
6.4%
Days on Market (Pending Sale) ….….. 19
18 Percent Under Contract ………….……
-4.3%
Percent Under Contract ………….…… 67.53%
64.63%
SAN CARLOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$1,710,000 $988
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,925,000
12.6%
$1,082
9.5%
Properties Sold ……………………….
57
Properties Sold ……………………….
61
7.0%
Properties Pending Sale ………………
73
Properties Pending Sale ………………
71
-2.7%
111
9.9%
Properties For Sale …………….……...
101
Days on Market (Pending Sale) ….…..
Properties For Sale …………….……...
-7.1%
Days on Market (Pending Sale) ….….. 14
15 Percent Under Contract ………….……
-11.5%
Percent Under Contract ………….…… 72.28%
63.96%
SAN CARLOS
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$863,500 $770
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,000,000
15.8%
$919
19.4%
Properties Sold ……………………….
16
Properties Sold ……………………….
11
-31.2%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
14
7.7%
Properties For Sale …………….……...
15
Properties For Sale …………….……...
18
20.0%
Days on Market (Pending Sale) ….…..
58.4%
Days on Market (Pending Sale) ….….. 25
16 Percent Under Contract ………….……
-10.3%
Percent Under Contract ………….…… 86.67%
77.78%
SAN FRANCISCO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,362,500 $908
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$1,565,000
14.9%
$978
7.7%
Properties Sold ……………………….
599
Properties Sold ……………………….
527
-12.0%
Properties Pending Sale ………………
585
Properties Pending Sale ………………
549
-6.2%
1,129
5.9%
Properties For Sale …………….……...
1,066
Days on Market (Pending Sale) ….…..
Properties For Sale …………….……...
-10.3%
Days on Market (Pending Sale) ….….. 26
29 Percent Under Contract ………….……
-11.4%
Percent Under Contract ………….…… 54.88%
48.63%
SAN FRANCISCO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$1,175,000 $1,070
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
% CHANGE
$1,200,000
2.1%
$1,134
6.0%
Properties Sold ……………………….
540
Properties Sold ……………………….
593
9.8%
Properties Pending Sale ………………
558
Properties Pending Sale ………………
607
8.8%
1,303
5.8%
Properties For Sale …………….……...
1,232
Days on Market (Pending Sale) ….…..
Properties For Sale …………….……...
-11.2%
Days on Market (Pending Sale) ….….. 34
38 Percent Under Contract ………….……
2.9%
Percent Under Contract ………….…… 45.29%
46.58%
SAN JOSE
SFR
Q3 2017
Median Price ……………………..…….
Q3 2018
$978,000
Median Price ……………………..…….
% CHANGE
$1,170,000
19.6%
Average Price per Square Foot ….…
$613
Average Price per Square Foot ….…
$701
14.4%
Properties Sold ……………………….
1,617
Properties Sold ……………………….
1,368
-15.4%
Properties Pending Sale ………………
1,499
Properties Pending Sale ………………
1,359
-9.3%
Properties For Sale …………….……...
2,036
Properties For Sale …………….……...
2,456
20.6%
Days on Market (Pending Sale) ….…..
27.5%
Days on Market (Pending Sale) ….….. 25
19 Percent Under Contract ………….……
-24.8%
Percent Under Contract ………….…… 73.62%
55.33%
SAN JOSE
CONDO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$575,000 $535
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$700,000
21.7%
$651
21.7%
Properties Sold ……………………….
455
Properties Sold ……………………….
355
-22.0%
Properties Pending Sale ………………
422
Properties Pending Sale ………………
338
-19.9%
Properties For Sale …………….……...
512
Properties For Sale …………….……...
615
20.1%
Days on Market (Pending Sale) ….…..
12.7%
Days on Market (Pending Sale) ….….. 22
19 Percent Under Contract ………….……
-33.3%
Percent Under Contract ………….…… 82.42%
54.96%
SAN MATEO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$1,450,000 $938
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,650,000
13.8%
$980
4.5%
Properties Sold ……………………….
168
Properties Sold ……………………….
171
1.8%
Properties Pending Sale ………………
162
Properties Pending Sale ………………
163
0.6%
Properties For Sale …………….……...
214
Properties For Sale …………….……...
257
20.1%
Days on Market (Pending Sale) ….…..
30.9%
Days on Market (Pending Sale) ….….. 20
15 Percent Under Contract ………….……
-16.2%
Percent Under Contract ………….…… 75.70%
63.42%
SAN MATEO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$750,000 $733
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$850,000
13.3%
$831
13.4%
Properties Sold ……………………….
77
Properties Sold ……………………….
57
-26.0%
Properties Pending Sale ………………
77
Properties Pending Sale ………………
52
-32.5%
Properties For Sale …………….……...
98
-16.2%
Properties For Sale …………….……...
117
Days on Market (Pending Sale) ….…..
37.2%
Days on Market (Pending Sale) ….….. 35
26 Percent Under Contract ………….……
-19.4%
Percent Under Contract ………….…… 65.81%
53.06%
SANTA CLARA
Q3 2017
Q3 2018
SFR
% CHANGE
Median Price ……………………..…….
n/a
Median Price ……………………..…….
n/a
n/a
Average Price per Square Foot ….…
n/a
Average Price per Square Foot ….…
n/a
n/a
Properties Sold ……………………….
n/a
Properties Sold ……………………….
n/a
n/a
Properties Pending Sale ………………
n/a
Properties Pending Sale ………………
n/a
n/a
Properties For Sale …………….……...
n/a
Properties For Sale …………….……...
n/a
n/a
Days on Market (Pending Sale) ….…..
n/a
Days on Market (Pending Sale) ….….. n/a
n/a Percent Under Contract ………….……
n/a
Percent Under Contract ………….…… n/a
n/a
SANTA CLARA
Q3 2017
Q3 2018
CONDO
% CHANGE
Median Price ……………………..…….
n/a
Median Price ……………………..…….
n/a
n/a
Average Price per Square Foot ….…
n/a
Average Price per Square Foot ….…
n/a
n/a
Properties Sold ……………………….
n/a
Properties Sold ……………………….
n/a
n/a
Properties Pending Sale ………………
n/a
Properties Pending Sale ………………
n/a
n/a
Properties For Sale …………….……...
n/a
Properties For Sale …………….……...
n/a
n/a
Days on Market (Pending Sale) ….…..
n/a
Days on Market (Pending Sale) ….….. n/a
n/a Percent Under Contract ………….……
n/a
Percent Under Contract ………….…… n/a
n/a
SANTA CRUZ
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$1,000,000 $640
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,025,000
2.5%
$652
1.9%
Properties Sold ……………………….
135
Properties Sold ……………………….
175
29.6%
Properties Pending Sale ………………
153
Properties Pending Sale ………………
184
20.3%
Properties For Sale …………….……...
305
Properties For Sale …………….……...
368
20.7%
Days on Market (Pending Sale) ….…..
1.3%
Days on Market (Pending Sale) ….….. 38
37 Percent Under Contract ………….……
-0.3%
Percent Under Contract ………….…… 50.16%
50.00%
SANTA CRUZ
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$545,000 $523
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$565,000
3.7%
$581
11.1%
Properties Sold ……………………….
31
Properties Sold ……………………….
18
0.0%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
20
-3.3%
Properties For Sale …………….……...
55
Properties For Sale …………….……...
42
-23.6%
Days on Market (Pending Sale) ….…..
93.9%
Days on Market (Pending Sale) ….….. 63
33 Percent Under Contract ………….……
-23.0%
Percent Under Contract ………….…… 61.82%
47.62%
SOUTH SAN FRANCISCO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$944,000 $681
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
% CHANGE
$1,105,000
17.1%
$745
9.4%
Properties Sold ……………………….
68
Properties Sold ……………………….
75
10.3%
Properties Pending Sale ………………
59
Properties Pending Sale ………………
80
35.6%
Properties For Sale …………….……...
94
Properties For Sale …………….……...
121
28.7%
Days on Market (Pending Sale) ….…..
16.6%
Days on Market (Pending Sale) ….….. 19
16 Percent Under Contract ………….……
5.3%
Percent Under Contract ………….…… 62.77%
66.12%
SOUTH SAN FRANCISCO
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
Q3 2018
$623,444 $595
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
% CHANGE
$807,000
29.4%
$694
16.6%
Properties Sold ……………………….
28
Properties Sold ……………………….
19
-32.1%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
26
8.3%
Properties For Sale …………….……...
32
Properties For Sale …………….……...
34
6.2%
Days on Market (Pending Sale) ….…..
-10.2%
Days on Market (Pending Sale) ….….. 17
18 Percent Under Contract ………….……
2.0%
Percent Under Contract ………….…… 75.00%
76.47%
SUNNYVALE
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$1,711,000 $1,034
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,843,750
7.8%
$1,139
10.2%
Properties Sold ……………………….
165
Properties Sold ……………………….
160
-3.0%
Properties Pending Sale ………………
153
Properties Pending Sale ………………
166
8.5%
Properties For Sale …………….……...
184
Properties For Sale …………….……...
269
46.2%
Days on Market (Pending Sale) ….…..
91.0%
Days on Market (Pending Sale) ….….. 24
12 Percent Under Contract ………….……
-25.8%
Percent Under Contract ………….…… 83.15%
61.71%
SUNNYVALE
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
CONDO
Q3 2018
$870,500 $796
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$1,075,000
23.5%
$939
18.0%
Properties Sold ……………………….
30
Properties Sold ……………………….
35
16.7%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
37
42.3%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
57
72.7%
Days on Market (Pending Sale) ….…..
81.7%
Days on Market (Pending Sale) ….….. 19
11 Percent Under Contract ………….……
-17.6%
Percent Under Contract ………….…… 78.79%
64.91%
WOODSIDE
Q3 2017
Median Price ……………………..……. Average Price per Square Foot ….…
SFR
Q3 2018
$2,549,000 $1,112
Median Price ……………………..……. Average Price per Square Foot ….…
% CHANGE
$3,650,000
43.2%
$1,146
3.1%
Properties Sold ……………………….
22
Properties Sold ……………………….
20
-9.1%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
20
-23.1%
Properties For Sale …………….……...
83
Properties For Sale …………….……...
61
-26.5%
Days on Market (Pending Sale) ….…..
-7.8%
Days on Market (Pending Sale) ….….. 58
63 Percent Under Contract ………….……
4.7%
Percent Under Contract ………….…… 31.33%
32.79%
Glossary of Terms
Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer
The Market Within A Market Report is brought to you by Michael Lewis Marketing Suite, a high-end, luxury consulting, brand building, marketing firm located in California and Florida. www.michaellewismarketingsuite.com
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.