Friday, January 5, 2018

San Francisco Bay Area Housing Snapshot

San Francisco Bay Area Housing Snapshot
BY 
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
 

Housing Inventory SnapshotJanuary 31, 2014
 Average List Price for active listingsMedian List Price for active listingsAverage DOM: for active listings/ for sold listings
Santa Clara County, CA
Single Family under $1M$690,675$698,00041  / 34
Single Family over $1M$2,879,982$1,899,00066  / 23
Condo/Townhome under $600K$413,425$409,50039  / 34
Condo/Townhome over $600K$855,255$784,00026  / 23
San Mateo County, CA
Single Family under $1M$690,456$679,00041  / 31
Single Family over $1M$4,499,167$2,100,00076  / 22
Condo/Townhome under $600K$402,740$425,00036  / 35
Condo/Townhome over $600K$932,942$846,27536  / 6
Santa Cruz County, CA
Single Family under $1M$637,981$649,00069  / 35
Single Family over $1M$2,117,319$1,750,000111  / 138
Condo/Townhome under $600K$393,327$359,00085  / 51
Condo/Townhome over $600K$849,182$739,000152  / 87
Monterey County, CA
Single Family under $1M$564,867$499,00071  / 54
Single Family over $1M$3,531,699$2,295,000116  / 145
Condo/Townhome under $600K$303,856$249,00080  / 66
Condo/Townhome over $600K$933,776$725,00083  / N/A**
San Benito County, CA
Single Family under $1M$533,637$488,80061  / 81
Alameda County, CA
Single Family under $1M$513,633$498,00044  / 83
Single Family over $1M$2,061,946$1,478,88884  / 84
Condo/Townhome under $600K$374,727$365,00048  / 75
Condo/Townhome over $600K$768,324$697,28039  / 69
Contra Costa County, CA
Single Family under $1M$484,078$425,00049  / 89
Single Family over $1M$2,484,534$1,599,00091  / 100
Condo/Townhome under $600K$311,574$295,00037  / 73
Condo/Townhome over $600K$707,300$695,00017  / 68
What I find most interesting about these stats is that in Alameda, San Mateo and Santa Clara Counties, the more expensive homes and condos sold have a shorter days on market than the less expensive Silicon Valley homes sold.


This shows that the good economy, low unemployment rate, high stock market values, as well as foreign money are all contributing to a booming market in Silicon Valley luxury real estate sales. It is also an indication that we saw high levels of appreciation in 2013 in Silicon Valley home sales (20-40% in many areas) so it is harder to find single family homes under a million dollars or condos under six hundred thousand dollars in the more popular neighborhoods.
So what does this mean for buyers in 2014? Homes are more expensive and sell quickly. You should study the market seriously for a while before jumping in so you know what values are and where they are going. Make intelligent offers that will most likely need to be very aggressive to win in a multiple offer situations.
For sellers, hire a great agent who can help you price your home to get the best terms for your yourself, and exposure that emphasizes the Silicon Valley home you are selling, not the agent who is selling it.
If you have any questions about buying or selling a home in the Silicon Valley please feel free to contact me.
If you would like a real time search of homes sale in the Silicon Valley click here.
Marcy Moyer
Ca BRE 01191194
650-619-9285


POSTED BY
Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

TOPIC:
 Home Buying
LOCATION:
 
California Santa Clara County
GROUPS:
 
Keller Williams 'Rainers
 
Posts to Localism
 
Club Chaos
 
Market Reports
 
Condo Benefits
TAGS:
 
santa clara county
 
silicon valley real estate market
 
silicon valley homes for sale
 
silicon valley real estate agent
luxury homes bay area

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