Joseph Karakas - October 2025 Market Update

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Market Update

OCTOBER

KW Bay Area Estates

Jump to Los Gatos/Monte Sereno Report LosGatos/MonteSereno

Jump to Cambrian (San Jose) Report Cambrian(SanJose)

Jump to Saratoga Report Saratoga

Jump to Santa Clara County Report SantaClaraCounty

Jump to Almaden Valley (San Jose) Report Almaden Valley (San Jose)

Jump to Blossom Valley (San Jose) Report BlossomValley(SanJose)

Jump to Campbell Report Campbell

Jump to Cupertino Report Cupertino

Jump to Los Altos Report LosAltos

Jump to Santa Teresa (San Jose) Report Santa Teresa (San Jose)

Jump to Santa Clara City Report SantaClaraCity

Jump to South San Jose Report SouthSanJose

Jump to Sunnyvale Report Sunnyvale

Jump to Willow Glen (San Jose) Report WillowGlen(SanJose)

HowToMakeSureYourSale CrossestheFinishLine

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There’s one part of the process where some homeowners are hitting a road bump that’s causing buyers to back out these days. But don’t worry. The majority of these snags are completely avoidable, especially when you understand what’s causing them and how to be proactive.

That’s where a great agent (and a little prep) can make all the difference.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $3m. There was a total of 37 new listings with an average of 39 days on the market without price reduction and with an average price per square foot of $1,268.

What's in the Los Gatos/Monte Sereno data?

October 2025

37

Year-over-Year +0.1% Year-over-Year

$1,268 Average Price Per SqFt

36 $3M Median Sale Price -16.3% Year-over-Year +10.2% Year-over-Year

39 $122M Total Volume +18.2% Year-over-Year -14.5% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

37 Average Days-on Market

$1.6M Median Sale Price

9 Closed Sales

$879 Average Price Per SqFt

$13.2M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 49 closed sales at a median price of $1.7m. There was a total of 50 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,108.

in the Cambrian (San Jose) data?

October 2025

50

Average Price Per SqFt -16.7% Year-over-Year

$1,108

-4.5% Year-over-Year

49

$1.7M Median Sale Price +0% Year-over-Year

+0.6% Year-over-Year

21

$88.4M Total Volume +40.0% Year-over-Year

+1.1% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

Listings

21 Average Days-on-Market $1,133

Average Price Per SqFt $1.7M

$84.4M

Total Volume

Median Sale Price 45 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

Condo & Townhomes

21 Average Days-on Market

$1M Median Sale Price

4 Closed Sales

$822 Average Price Per SqFt

$3.9M Total Volume

Luxury

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 26 closed sales at a median price of $3.5m. There was a total of 34 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,387.

October 2025

34

$1,387

22 $95.2M

25 New Listings

11

Average Days-on-Market

$4.1M

Median Sale Price

20 Closed Sales

$1,469

Average Price Per SqFt

$83.1M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

Condo & Townhomes

9 New Listings

6 Closed Sale

57 Average Days-on Market

$1.9M Median Sale Price

$1,115 Average Price Per SqFt

$12M Total Volume

Luxury Listings for Sale

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 1,056 closed sales at a median price of $1.6m. There was a total of 1,245 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $1,093.

What's in the Santa Clara County data?

October 2025

1,245

$1,093

Average Price Per SqFt -1.8% Year-over-Year +0.1% Year-over-Year

1,056

$1.6M Median Sale Price -1.2% Year-over-Year -1.2% Year-over-Year

Average Days-on-Market

28

$2B Total Volume +33.3% Year-over-Year

+0.2% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

831

New Listings

24

Average Days-on-Market

$1.9M

Median Sale Price 758

Closed Sales

$1,204

Average Price Per SqFt

$1.8B

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

414

39 Average Days-on Market

$964K Median Sale Price

298 Closed Sales

$812 Average Price Per SqFt

$332M Total Volume

Luxury Listings for Sale

Almaden Valley (San

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $2.2m. There was a total of 35 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $1,029.

What's in the Almaden Valley (San Jose) data?

October 2025

35

$1,029 Average Price Per SqFt +16.7% Year-over-Year +2.2% Year-over-Year

23

Year-over-Year

Year-over-Year

19 $52M Total Volume +72.7% Year-over-Year -8.0% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

32 New Listings

21 Closed Sales

18 Average Days-on-Market

$2.2M

Median Sale Price

$1,058

Average Price Per SqFt

$49.4M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

Condo & Townhomes

3 New Listings

32 Average Days-on Market

$1.2M Median Sale Price

2 Closed Sales

$720 Average Price Per SqFt

$2.5M Total Volume

Blossom Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 62 closed sales at a median price of $1.3m. There was a total of 73 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $817.

Blossom Valley (San Jose) data?

October 2025

73

-21.5% Year-over-Year

Average Price Per SqFt

$817 New Listings

-2.4% Year-over-Year

62

$1.3M Closed Sales Median Sale Price -12.7% Year-over-Year -4.2% Year-over-Year

30 $76M Average Days-on-Market

Total Volume +42.9% Year-over-Year -16.8% 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 September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

41 Average Days-on Market

$625K Median Sale Price

19 Closed Sales $11.7M Total Volume

$634 Average Price Per SqFt

Luxury Listings for Sale

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 29 closed sales at a median price of $1.8m. There was a total of 34 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $1,170.

34

$1,170 Average Price Per SqFt +17.2% Year-over-Year -1.4% Year-over-Year

19 $51.9M Total Volume +0% Year-over-Year -25.9% Year-over-Year

Family Homes 22 New Listings

20 Closed Sales

14 Average Days-on-Market

$2M

Median Sale Price

$1,334

Average Price Per SqFt

$43.3M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

30 Average Days-on Market

$905K Median Sale Price

9 Closed Sales

$806 Average Price Per SqFt

$8.5M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 27 closed sales at a median price of $2.7m. There was a total of 37 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,443.

2025

37

$1,443 Average Price Per SqFt +37.0% Year-over-Year -5.3% Year-over-Year

27

Year-over-Year

Year-over-Year

24

$69.4M Total Volume -14.3% Year-over-Year

+0.9% Year-over-Year

Listings

17 Average Days-on-Market $1,723

Average Price Per SqFt $3.5M

$55.8M

Total Volume

Median Sale Price 16 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

Condo & Townhomes

10 New Listings

11 Closed Sales

33 Average Days-on Market

$1.2M Median Sale Price

$1,034 Average Price Per SqFt

$13.6M Total Volume

Luxury Listings for Sale

Los Altos

What's in the Los Altos data?

The market for Single Family Homes, Condo, and Townhomes units saw 40 closed sales at a median price of $5m. There was a total of 35 new listings with an average of 31 days on the market without price reduction and with an average price per square foot of $2,007.

October 2025

35

+0% Year-over-Year

$2,007 Average Price Per SqFt

+4.5% Year-over-Year

40

Year-over-Year

$5M Median Sale Price

Year-over-Year

31 $197M Total Volume +158.3% Year-over-Year

+70.3Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

Condo & Townhomes

6 New Listings

73 Average Days-on Market

$1.5M Median Sale Price

$1,319 Average Price Per SqFt

5 Closed Sales $10.4M Total Volume

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 25 closed sales at a median price of $1.2m. There was a total of 27 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $858.

Santa Teresa (San Jose) data?

27

2025

25

+3.9% Year-over-Year +0.6%Year-over-Year

$858 Average Price Per SqFt

Year-over-Year

Year-over-Year

23

$32.6M Total Volume +64.3% Year-over-Year -18.5% Year-over-Year

23 Average Days-on-Market

Average Price Per SqFt $1.3M Median Sale Price 20 Closed Sales

$27.7M Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

22 Average Days-on Market

$920K Median Sale Price

5 Closed Sales

$628 Average Price Per SqFt

$4.8M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 66 closed sales at a median price of $1.6m. There was a total of 64 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,094.

Clara City data?

October 2025

64

-1.5% Year-over-Year

Average Price Per SqFt

$1,094 New Listings

-1.4% Year-over-Year

66

+6.5% Year-over-Year

$1.6M Closed Sales Median Sale Price

+5.3% Year-over-Year

Total Volume +33.3% Year-over-Year

24 $106M Average Days-on-Market

+6.1% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

33 New Listings

38 Closed Sales

12

Average Days-on-Market

$2M

Median Sale Price

$1,359

Average Price Per SqFt

$79.1M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

31 New Listings

40 Average Days-on Market

$790K Median Sale Price

28 Closed Sales

$734 Average Price Per SqFt

$26.9M Total Volume

Luxury Listings for Sale

South San Jose

What's in the South

The market for Single Family Homes, Condo, and Townhomes units saw 33 closed sales at a median price of $1m There was a total of 48 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $733.

San Jose data?

October 2025

48

+9.1% Year-over-Year

Average Price Per SqFt

$733 New Listings

+2.5% Year-over-Year

33

$1M Closed Sales Median Sale Price -5.7% Year-over-Year

+10.2% Year-over-Year

Average Days-on-Market

23

Total Volume -8.0% Year-over-Year

$34.9M

+1.6% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

36 Average Days-on Market

$600K Median Sale Price

9 Closed Sales

$601 Average Price Per SqFt

$6.6M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 91 closed sales at a median price of $1.8m. There was a total of 78 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,320.

October 2025

78

+6.9% Year-over-Year

Average Price Per SqFt

$1,320 New Listings

+1.5% Year-over-Year

91

$1.8M Closed Sales Median Sale Price +0% Year-over-Year -3.7% Year-over-Year

+33.3% Year-over-Year

Total Volume

20 $196M Average Days-on-Market

+2.6% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

42 New Listings

48 Closed Sales

12

Average Days-on-Market

$2.7M

Median Sale Price

$1,528

Average Price Per SqFt

$127M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

Condo & Townhomes

36 New Listings

43 Closed Sales

28 Average Days-on Market

$1.3M Median Sale Price

$1,088 Average Price Per SqFt

$68.8M Total Volume

Willow Glen (San Jos

The market for Single Family Homes, Condo, and Townhomes units saw 52 closed sales at a median price of $1.9m. There was a total of 53 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,078.

What's in the Willow Glen (San Jose) data?

October 2025

53

-17.2% Year-over-Year

Average Price Per SqFt

$1,078 New Listings

+0.1% Year-over-Year

52

$1.9M Closed Sales Median Sale Price -5.5% Year-over-Year

-6.3% Year-over-Year

Total Volume +31.8% Year-over-Year

29 $104M Average Days-on-Market

-10.9% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity Data from sources deemed reliable but September contain errors and are subject to revision

SqFt

$101M Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but September change with late reported activity. Data from sources deemed reliable but September contain errors and are subject to revision.

47 Average Days-on Market

$951K Median Sale Price

3 Closed Sales

$625 Average Price Per SqFt

$2.7M Total Volume

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 Commercial South Bay.

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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