This trend follows most of SFBA and other urban cities as well. The median sales price for single-family, re-sale homes backed off the record high it set in October. The revised forecast asserts that median sales price appreciation will be 1.1% nationwide, formerly forecast at 2-4%. In Santa Clara County: The median price of a house sold in this county is about $1.175 million and the average sale price of a home sold is about $1.440 million as of 2018 (see my ReReport for details). This year is seeing an 8% increase in the median price, which is not bad at all. The drop in sales was accompanied by a 2.2 percent year-over-year gain in the Bay Area’s median sale price in January. ***** Silicon Valley real estate market trend report: June 2011. The average sales price for single-family, re-sale homes set another high in November. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Ratings are provided by GreatSchools.net along with the California Academic Performance Index (API). The current year median price, the percent increase so far this year, and the percent increase in each of the previous two years is listed for houses sold for most Silicon Valley cities. It is down 10.8% from the peak in April 2018 and just below where it had first been in … High end priced homes surged in sales. Overall, for all the Silicon Valley towns we analyzed, the median sale price of homes sold in 2017 hit $1,050,000 adding $320,000 compared to the median recorded in 2007. End-units are also more expensive as they have fewer shared common walls. Click on “Our Homes” to view the individual cities. Homes are selling quickly with average days on market continuing at historic rates. If you want to “spot check” pricing, visit http://popehandy.rereport.com and check the various areas. The median price has risen 6% per year since 2003 (CAGR). Nevertheless, it was up 10.3% compared to last year. Sign-up to receive updates on our real estate market, our schools and our communities. As is painfully obvious, single family residences in Silicon Valley start at $1.0M. According to data from MLSListings, in Santa Clara County, the median single-family home cost $1,150,000 and sold in 26 days for 100 percent of the list … Listings and Sales Near Any Address in Santa Clara County. There were 954 homes sold in Santa Clara County last month. Sellers held back until they saw strong market demand, which did recover quickly. The sales price to list price ratio fell to 101.7%, falling below last year’s numbers and the days on market grew. Conforming loan limit increased to $822,375, Interest-free Loans to Increase Home Value. The market data comes from MLSlistings the primary Multiple Listing Service (MLS) serving Santa Clara and San Mateo counties. The following charts show the averages for single family residences across 12 Silicon Valley cities from Menlo Park to Los Gatos. Homes in Cupertino start at around $1.8 to $2 million. Townhomes are typically more expensive as there is usually no one above or below you. This means that every time you visit this website you will need to enable or disable cookies again. Silicon Valley’s notoriously expensive residential real estate sales may have seen a slump in March and April during the region’s restrictive shelter-in-place orders, but industry insiders say it’s still a seller’s market. Homes in Cupertino start at around $1.8 to $2 million. Comps near any address in Santa Clara County Almost all regions set new record prices for the month of October. Santa Barbara saw the highest price growth (64% YoY). Bryan Sweeley, MBACompass, Broker Associate, DRE# 01877044Mobile: 650-793-0355Email: bryan.sweeley@compass.comWeb: bryansweeley.com, Susan Sweeley, MBACompass, Broker Associate, DRE# 01255460Mobile: 650-793-0828Email: susan.sweeley@compass.comWeb: susansweeley.com. Higher priced homes are selling at a faster rate than lower priced homes. Avi Urban DRE #01485729 Keller Williams Realty 505 Hamilton Ave. ... and the loan amount will be up to $400,000 (80%). The future of Silicon Valley. Although there’s been some warming and some cooling, Cupertino homes remain in a hot seller’s market. The cost of housing is probably the least fun thing about moving to the “south bay”, apart from the traffic woes. Pleasanton offers good prices relative to Santa Clara and San Mateo Counties, and good schools plus a lovely downtown. Last year was the first “down” market since the 2008-09 financial crisis. The link between the two issues is very close and as a consequence house prices have tended to be fairly volatile during boom and bust times. Want Saratoga with Saratoga Schools? Mountain View CA real estate market trends and data by neighborhood or district. In Santa Cruz County: the median price is a far more affordable $800,000 to %850,000 range for the median and average sale price of houses. A great overview of how Silicon Valley communities differ and their various features: restaurants, shopping, transportation and more. Table of Median Prices For Silicon Valley Cities. We are always available to help you and your friends. https://move2siliconvalley.com/can-buy-1-million-silicon-valley/, Please visit my Valley of Heart’s Delight blog to view a sampling of listings of homes for sale, Real Estate Market Statistics and Trends for Santa Clara County, Listings and Sales Near Any Address in Santa Clara County. Learn about those locations here: This site is Move2SiliconValley.com - please see Mary's other sites & resources: What is it like to live in Silicon Valley? Please visit my Valley of Heart’s Delight blog to view a sampling of listings of homes for sale, or to search by your own parameters with the map search below: ValleyOfHeartsDelight.comSanta Clara County Real Estate, SanJoseRealEstateLosGatosHomes.com https://move2siliconvalley.com/can-buy-1-million-silicon-valley/. A lot better than one earns on interest. Condos and Townhomes start at $500K. It will be well past $2 million unless you want an original condition home from the 1950s (aka a fixer upper). But the commute…. To begin your search for the perfect home or to sell your house in San Jose, Los Gatos, Cambrian, Almaden, or anywhere in the West Valley, Santa Clara County, or Silicon Valley, please, CA BRE License # 01153805 Sereno Group, Los Gatos CA, call Mary Pope-Handy at 408-204-7673 or email mary (at) popehandy.com, "Helping nice folks to buy and sell homes in Silicon Valley since 1993". As more people focus their lives around healthy living and wellness, they are increasingly turning their homes into personal sanctuaries with private wellness centers and spas. Real Estate Market Statistics and Trends for Santa Clara County There are not enough numbers yet to declare a trend. Final sales prices continue to exceed list price. Looking at the average size of houses being sold can provide additional insight into the Cupertino real estate market. RE REPORT for Santa Clara, San Mateo, and Santa Cruz Counties: Click the link below to get real estate data for Santa Clara County, San Mateo County, and Santa Cruz County (together making up about 98% of "Silicon Valley") care of the monthly RE REPORT. This website is dedicated to providing you with insightful and accurate information on the residential real estate market in Silicon Valley. For a house in an area with good schools, the price tag starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of early 2018). The median price for homes was lower than the month before for the sixth month in a row. A very simple and quick view of Silicon Valley real estate market trends is available in the table below. The data is obtained directly from our local multiple listing service (MLS), which is used by virtually all Realtors in the area. ... Homes for You Price (High to Low) Price (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. The majority of Condos/THs are two-bedroom units with next most popular being three-bedroom units followed by one-bedroom units. Live in Los Gatos blogLos Gatos neighborhoods, real estate, events, history, parks, businesses & more. Home Values, Market Trends, Schools and our Communities. Cupertino Real Estate Market Trends, Home Prices Silicon Valley Real Estate. The average sale price of a home in Cupertino was $2.19M last month, up 25.7% since last year. This first chart tracks percentage changes in median house sales price since 1990. 2301 Los Coches Ave, San Jose, CA 95128. Figure 2 Marketing time for Silicon Valley(SJC) Home prices maxed out in May of 2018 at $1,266,000 (average price for a tract home). As the car ads here used to say, “drive a little, save a lot”. There’s no other way to say it, and no reason to sugarcoat it. Yes, you CAN buy a house in Santa Clara County for less than $1 million. The average sales price was up 15.4% year-over-year, setting a new all-time high. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The average price has been lower five of the past six months. In many ways the property trends across the Silicon Valley can be mapped against the trend of technology shares on the US stock market. Los Altos homes are one of the most desirable in Silicon Valley. The good news is that there are a lot of homes in the $1.0M to $1.5M price range, predominately in Santa Clara, Campbell, Cambrian and Willow Glen areas of San Jose. Please find many more icons for connecting socially at the very bottom of this page. Homes in Cupertino receive 3 offers on average and sell in around 10 days. Please feel free to email or call anytime with any question or request. Locally newer homes are often larger than older homes. The information is deemed to be accurate, however is not guaranteed. The Cupertino housing market is most competitive. Sales of single-family, re-sale homes jumped 34.7% year-over-year. Home Price Appreciation Trends since 1987 Really quite similar except for the 1989 earthquake, the dotcom phenomenon, and the recent Bay Area high-tech boom. This information is deemed to be accurate, however is not guaranteed. It fell 4.8%. We are using cookies to give you the best experience on our website. The supply of New Listings has returned to levels consistent with prior years, even after a strong dip during April-May. As is painfully obvious, single family residences in Silicon Valley start at $1.0M. This website and market analysis is provided by Bryan and Susan Sweeley, Broker Associates with Compass. The Silicon Valley real estate market – a look at inventory of available homes for sale: The numbers really say it all. This website uses cookies so that we can provide you with the best user experience possible. Annual appreciation rates are close to normal. Silicon Valley Luxury Trend Watch: Spa/Wellness Centers and Flex Spaces For many California affluent homebuyers, good health is the ultimate luxury. There are homes under $1.0M outside of the 12 cities that I include in Silicon Valley: Blossom Hill area in south San Jose and east San Jose. In early 1990, the SF median house price was about $300,000; it is currently running about $1,650,000. At the end of 2018 home sellers saw -17% price drop in a few months. Real estate in Santa Clara County, focused on west side communities of San Jose, Los Gatos, Saratoga, Campbell & nearby The starting point is the city of San Jose, but you can request any zip code in Santa Clara County. Local sales prices are still up 7.2% over 2019 versus 6.8% last week’s YOY number, and houses are selling 10 days faster than a year ago. 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