Sam Shueh
Realty One Group
Silicon Valley, Ca
Home prices for single-family previously owned homes are down from 2018 over this year were lower. This spring (2019) there are signs of picking up. The average sales sold price was up 8.3% over previous month. It is now at its highest since June of 2018.
The sales price to list price ratio, which had a peak last spring of 112.4%, had dropped before bottoming out at 99.7% in December. Since then it is now up to 102%. Most sellers have more than 1 buyer to select.
Home sales volumn were down, year over year. There were 709 homes changed hands in Santa Clara County in April 2017.
Inventory continues to expand to a more healthy stage. The area has been in severe shortgage of homes and people had to compete to get a place called their own. It has been higher than the year before. In April, it was up ~70% over previous year same time.
Marketing time, or time it takes to get into an accepted sales offer was down to 53 days. It is a result of more activities. Seasonal demand is the driving mechanism.
As of May 8, 2019 there are 1,325 homes for sale in Santa Clara County.
Prices for re-sale condos and town homes previous month from the month before but were down year-over-year. The sales price to list price ratio was 101.4%. Condo sales were down 27% year-over-year. Inventory continues to expand. Previously home owners had to settle for multifaimily or PUD from fierce competion especially near job centers. Now the same group of home owners have a choice such as smaller homes or new housings.
Below is are the most recent stats for the SFBA counties:
SFBA REAL ESTATE HOUSING ACTIVITIES | May 1, 2019 | |||||||
Avg List $ | Last month | Avg Sold $ | Last month |
Days on Market Active/Sold |
Last month | # Active Listings | last month | |
Alameda County, Ca | ||||||||
Single Family | $878,624 | +2.51% | $865,803 | +4.78% | 28 / 21 | -3 / -5 | 904 | 130 |
Luxury Single Family | $2,110,819 | -5.13% | $1,939,537 | +7.09% | 52 / 16 | -2 / 1 | 300 | 44 |
Condo/Townhome | $604,241 | +0.37% | $541,030 | -3.89% | 38 / 27 | -2 / -2 | 365 | 42 |
Luxury Condo/TH | $965,954 | -1.46% | $1,003,833 | +1.43% | 35 / 18 | -7 / 6 | 119 | 14 |
Contra Costa County, Ca | ||||||||
Single Family | $717,995 | +0.95% | $767,623 | +15.47% | 39 / 24 | -3 / -7 | 1,069 | 120 |
Luxury Single Family | $2,537,261 | -4.29% | $1,892,350 | +1.64% | 63 / 17 | -4 / -9 | 355 | 39 |
Condo/Townhome | $430,581 | +1.64% | $411,283 | -12.31% | 38 / 37 | -4 / 12 | 270 | 27 |
Luxury Condo/TH | $878,972 | -1.77% | $853,116 | +6.79% | 36 / 18 | -8 / -7 | 87 | 8 |
San Mateo County, Ca | ||||||||
Single Family | $1,847,866 | +3.68% | $1,782,995 | +1.76% | 30 / 17 | -6 / -2 | 349 | 62 |
Luxury Single Family | $8,601,385 | -1.90% | $4,730,000 | -4.72% | 83 / 17 | -6 / 0 | 119 | 18 |
Condo/TH | $923,969 | +7.16% | $904,492 | +17.3% | 30 / 23 | -10 / 8 | 93 | 23 |
Luxury Condo/TH | $1,821,266 | +0.15% | $1,566,600 | N/A | 41 / 4 | -9 / N/A | 30 | 8 |
Santa Clara County, Ca | ||||||||
Single Family | $1,300,865 | -0.86% | $1,296,441 | +0.56% | 35 / 16 | -2 / -1 | 957 | 167 |
Luxury Single Family | $4,185,676 | +0.60% | $4,208,168 | +25.4% | 55 / 21 | -3 / 8 | 312 | 55 |
Condo/Townhome | $758,979 | +1.28% | $690,791 | +0.04% | 37 / 22 | 3 / -1 | 435 | 38 |
Luxury Condo/Townhome | $1,366,469 | -1.03% | $1,375,263 | +0.43% | 35 / 11 | -11 / -3 | 143 | 11 |
Sam ShuehRealtor Phone (4-0-8) 425-1601
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 and technology...please give me a call.
SamShuehRealtor@ Gmail.com
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