Sam Shueh
Realtor One Group
Cupertino, CA
Very active in residential market. While the mortgage has edged up to $4.73% for 30 year mortgage and 4.12% for 7 year ARM, the rising interest rate did not detern the buyers mood. Most homes on the market are quickly being snatched up often with way over than asked. Almost all listings have several buyers interested. One needs a responsible agent who knows how to get the best deal as almost homes do not stay on the market after first week.
There is a 3000 sf 4 br, 2 bath in older part of Palo Alto, CA that could pass as a 500-600K in other parts of any US city. Well, if you have $18,000,000 cash that will work. 26 days from listing to close. Last sale was 1976 sold for 9.2% today's price.
| Housing Inventory Snapshot | April 30, 2018 | ||||||
| Avg List $ | 30 Days $ Trend | Median List $ | 30 Days $ Trend | Avg mkt time (days) | 30 Days Trend | # Listings | |
| Alameda County, CA | |||||||
| Single Family < $1M | $738,861 | 4.1% | $749,000 | +7.0% | 22 | -2 | 481 |
| Single Family > $1M | $1,868,724 | -2.7% | $1,425,000 | -1.7% | 33 | -10 | 395 |
| Condo/Townhome < $600K | $491,470 | 1.5% | $499,000 | 0.0% | 20 | 0 | 98 |
| Condo/Townhome > $600K | $838,376 | -4.2% | $768,800 | -2.5% | 25 | -2 | 130 |
| Contra Costa County, CA | |||||||
| Single Family under $1M | $621,465 | -1.08% | $599,000 | -0.2% | 27 | -2 | 713 |
| Single Family over $1M | $2,038,191 | -2.12% | $1,649,000 | -2.7% | 49 | -4 | 435 |
| Condo/Townhome under $600K | $422,887 | 3.88% | $419,000 | 5.28% | 19 | -5 | 146 |
| Condo/Townhome over $600K | $810,860 | -5.87% | $767,000 | -4.01% | 23 | -1 | 85 |
| Monterey County, CA | |||||||
| Single Family < $1M | $623,016 | 0.06% | $599,800 | 0.00% | 51 | 20 | 266 |
| Single Family > $1M | $3,731,294 | 1.11% | $2,250,000 | -1.8% | 120 | 3 | 302 |
| Condo/Townhome < $600K | $392,687 | -2.59% | $385,000 | -3.5% | 48 | -5 / 26 | 29 |
| Condo/Townhome > $600K | $1,077,153 | 8.60% | $819,000 | 1.1% | 108 | -7 / 34 | 41 |
| San Mateo County, CA | |||||||
| Single Family under $1M | $880,554 | -0.88% | $899,000 | 0.1% | 17 | 1 / -2 | 55 |
| Single Family over $1M | $4,687,338 | -3.44% | $2,498,000 | -0.1% | 48 | -3 / 5 | 336 |
| Condo/Townhome over $600K | $1,194,001 | 2.1% | $1,100,000 | -2% | 34 | 2 / 1 | 76 |
| Santa Clara County, CA | |||||||
| Single Family < $1M | $853,370 | 0.9% | $869,900 | -2.% | 24 | -2 / 2 | 206 |
| Single Family >$1M | $2,718,300 | -2.2% | $1,895,000 | -0.2% | 34 | -4 / 2 | 687 |
| Condo/Townhome < $600K | $513,468 | 3.4% | $499,000 | 4.2% | 12 | 0 / -3 | 52 |
| Condo/Townhome > $600K | $1,050,617 | 2.8% | $975,000 | 5.1% | 14 | 3 / -1 | 209 |
| Santa Cruz County, CA | |||||||
| Single Family < $1M | $722,700 | 0.8% | $759,000 | 1.2% | 39 | 3 | 118 |
| Single Family > $1M | $2,166,800 | -6.6% | $1,500,000 | -12% | 69 | -4 | 172 |
| Condo/Townhome < $600K | $451,750 | 2.3% | $457,210 | 0.7% | 46 | -5 | 29 |
| Condo/Townhome > $600K | $815,135 | 3.0% | $775,000 | 5.4% | 80 | -8 | 33 |
If you have questions on properties that you wish to sell or purchase. Please give a call. I am never busy for your referrals.
Sam Shueh Realtor
I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes. I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call.
(FOUR O EIGHT) 425-1601
SOURCE:
Shueh, Sam How is my Silicon Valley home worth? (Silicon Valley Home Values)
Shueh, Prediction of 2018 Home Prices in San Francisco Bay Area
Shueh, Sam (Real EstateBlogs)
Forbes Real Estate Council Ten technologies will change real estate
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