Tag Archives: Santa Clara County Real Estate Statistics

FEB. 2020 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The real estate market turned quickly and heated up with multiple offers late DEC 2019, JAN and FEB 2020. The market can turn on a dime, and has shown this again. Mortgage interest rates dipped below 3.5%, and the real estate inventory dwindled. With a low supply, and still high demand, with favorable mortgage rates, bidding wars returned! For example, 635 Yosemite Avenue, Mountain View 94041 was listed on 01/30/2020 for $2,448,000 and SOLD 27% “over-asking” to CLOSE at $3,100,000.

As of March 4, 2020, the Bay Area Real Estate currently has 997 ACTIVE Status units (Single Family, Condo and Townhomes available for sale) in the Santa Clara County. FEB 2020 recorded 806 Home SALES ranging from $359,000 (1062 Summershore Court, San Jose 95122) to $8,100,000 (28011 Elena Road, Los Altos Hills 94022), with 28 Average Days on Market DOM. The Average Close Price was $1,337,243 with 46% of the Sales selling between $800,000 – $1,400,000.

CONTACT: Jeni Pfeiffer, Associate Broker, Realtor®

OCT. 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,076 ACTIVE Single Family, Townhomes and Condos listings for Sale in the Santa Clara County. OCT 2019 recorded 1,022 SOLD listings ranging from $7,500,000 (25055 La Loma Drive, Los Altos Hills 94022) to $370,000 (2454 Balme Drive, San Jose 95122), with 35 Average DOM.

OCT SOLD Volume was 18% lower than July’s recordings. The Average Close Price was $1,340,213 with 33% of the Sales selling between $700,000 – $1,000,000. The number of Listings which did not complete a Sale and changed Status to Withdrawn, Expired or Canceled was 408.

Please contact Jeni for the current real estate market trend.

SEPT. 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Silicon Valley Real Estate Market currently has 2,076 ACTIVE Single Family, Townhomes and Condos listings for Sale in the Santa Clara County. SEPT 2019 recorded 1,022 SOLD listings ranging from $7,500,000 (25055 La Loma Drive, Los Altos Hills 94022) to $370,000 (2454 Balme Drive, San Jose 95122), with 35 Average DOM.

Sept SOLD Volume was 18% lower than July’s recordings. The Average Close Price was $1,340,213 with 33% of the Sales selling between $700,000 – $1,000,000. The number of Listings which did not complete a Sale and changed Status to Withdrawn, Expired or Canceled was 408.

Downtown San Jose, CA SOFA District. Photo Courtesy Jeni Pfeiffer
Downtown San Jose, CA SOFA District. Photo Courtesy Jeni Pfeiffer

July 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,126 ACTIVE Status units (available for sale) in the Santa Clara County. July 2019 recorded 1,238 Single Family, Condo and Town Home SALES ranging from $11,080,000 (543 Seale Avenue, Palo Alto 94301) to $330,000 (247 N Capitol Avenue,#227, San Jose 95127) with 26 Average DOM. The average price was $1,385,492 with 50% of the Sales selling between $700,000 – $1,300,000. Properties priced 10 – 15% below the height of 2018 prices are now selling. Over-priced properties are lingering on the market. Low mortgage interest rates, currently in the 3% range, are favoring Buyers.

Santa Clara County Real Estate_Photo Courtesy Jeni Pfeiffer

June 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate remains strong, with currently 2,212 units ACTIVE Status (available for sale) in the Santa Clara County. June 2019 recorded 1,366 Single Family, Condo and Town Home Sales ranging from $13,000,000 (232 Coleridge Avenue, Palo Alto 94301) to $340,000 (247 N Capitol Ave,#106, San Jose 95127) with 26 Average Days on Market DOM. 28% of the Sales were between $700,000 – $1,000,000. Properties priced according to the market, and in sought after areas, are still selling for over-asking price.By: Jeni Pfeiffer, Associate Broker, Realtor®The Bay Area Real Estate remains strong, with currently 2,212 units ACTIVE Status (available for sale) in the Santa Clara County. June 2019 recorded 1,366 Single Family, Condo and Town Home Sales ranging from $13,000,000 (232 Coleridge Avenue, Palo Alto 94301) to $340,000 (247 N Capitol Ave,#106, San Jose 95127) with 26 Average Days on Market DOM. 28% of the Sales were between $700,000 – $1,000,000. Properties priced according to the market, and in sought after areas, are still selling for over-asking price.

Realtor.com reports SAN JOSE Ranks #1 where Home Prices have fallen most

Realtor.com reports that SAN JOSE, CA ranks #1 where Home Prices have fallen the most, in their findings, dated May 20, 2019. Most recently, the real estate market has experenced a shortage of available homes for sale to balance the demand of Buyer’s needs. Combined with super low interest rates, the results were that the Bay Area housing sales prices escalated at record-breaking speed from years 2011-2018. This year has delivered a “cooling-off” phase, in some areas, such as San Jose, CA as prices have softened and inventory has increased.

Houses priced right are still selling quickly, and some “over-asking.” The market is relatively balanced, and favorable for both Buyers and Sellers. The mortgage interest rates are low and there are more homes to choose from.

Curious how other cities were rated? Read the Realtor.com report HERE: https://www.realtor.com/news/trends/2019-where-home-prices-falling-the-most/ “Falling Stars: You Won’t Believe the 10 Cities Where Home Prices Are Down the Most” for more information.

Jeni Pfeiffer, Broker Associate Realtor

408-813-4256

Silicon Valley Inventory and Real Estate Sales_September 2013

Just inSanta Clara County September 2013 Real Estate Statistics for: New Listings, Current Inventory, Closed Sales, Average Days on Market (DOM), Average Sales Price, Percentage of List Price Received, and the Total Sales Volume for  areas Cambrian, Campbell, Central San Jose, Cupertino, Los Gatos, Santa Clara, Saratoga, Sunnyvale and Willow Glen for both Single Family Residential Common Interest Development Properties.

Sept Real Estate Statistics_2013

Sept Real Estate Statistics_2013

CLICK HERE for a larger version of the chart.

Note that most homes are selling, on average, at or above the list price. The median sales price ranges from $499,000 in Central San Jose to $1,900,000 in Saratoga for single family homes.

As always, please feel welcome to contact Jeni Pfeiffer at 408.813.4256 with any questions.