Juliana Lee - Palo Alto, Silicon Valley

Los Gatos Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Mon, 10 Apr 2017 00:32:21 -0700

Los Gatos real estate market trends show little change form early March 2017. February 2017 had the highest monthly minium price ever since I began creating my trends records in 1998. This probably helps create the higher 1st qtr average price.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Los Altos Hills Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Mon, 10 Apr 2017 00:23:13 -0700

Los Altos Hills real estate market trends show fairly flat prices since about the middle of 2014 although with a fair amount of variability. Of interest is that Atherton has shown a drop for the 1st qtr of 2017 bringing it back to a level close to Los Altos Hills.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate Office Juliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Los Altos Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Mon, 10 Apr 2017 00:16:00 -0700

Los Altos real estate market trends show a slight price decrease since early March 2017 but the decrease is too small to be meaningful. 1st qtr 2017 shows more than 80% of houses are selling over list price which is a significant change for the signs of weakness in the 3rd and 4th quarters of 2016.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Hillsborough Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Mon, 10 Apr 2017 00:10:45 -0700

Hillsborough real estate market trends show a slight decrease in price since early March 2017. With 12 closed sales so far for the 1st qtr of 2017 variablility is expected. Of interest is that the 1st qtr of 2017 is one of only 3 quarters since 1998 where more Hillsborough houses sold over list price than sold below list price.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Hayward Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Mon, 10 Apr 2017 00:01:36 -0700

Hayward real estate market trends are showing a price increase since early March 2017. Hayward has been at the edge of the area covered by my local MLS. Coverage has been increased recently. I think I will need to investigate if this change will affect my trend calculations.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Fremont Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:53:52 -0700

Fremont real estate market trends are essentially unchanged from early March 2017. The slight signs of price weakness in the 4th qtr of 2016 seem to have completely vanished. 75% of homes have sold over list price in the 1st qtr of 2017.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Foster City Ca Real Estate Market Trends - Apr 7 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:48:07 -0700

Foster City real estate market trends show a strong 1st qtr 2017 upwards spike in prices. The increase isn't as strong as it was in early March but is much stronger than San Mateo County as a whole. Redwood shores is behaving similarly.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate Office Juliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Daly City Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:42:21 -0700

Daly City real estate market trends show a slight decrease in prices since early March. The difference is so small that I don't think it is meaningful. 75% to 80% of the homes are selling over list price as has been typical over the last 3 years.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Cupertino Ca Real Estate Market Trends - Apr 7 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:36:43 -0700

Cupertino real estate market trends are showing a pretty steady price increase. Many cities have started to show flattened growth although recent offers are facing significant competition. Cupertino has also shown less seasonal variation than most Silicon Valley cities.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Campbell Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:30:04 -0700

Campbell real estate market trends show a slight price increase since early March 2017. This actually matches my impression of Silicon Valley as a whole. The recent mortgage rate increases seem to have triggered more buyers to quit sitting on the fence. I expect flatter prices later in the year. With stable employment in Silicon Valley I don't think many sellers will drop prices yet the price increases over the last 5 years have been greater than salary growth.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Burlingame Ca Real Estate Market Trends - Apr 7 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:21:07 -0700

Burlingame real estate market trends look unchanged from early March 2017. The flattened prices of 2016 have continued into 2017 so far. Personally I am seeing increased competition among buyers. The recent increases in mortgage rates seems to have made people who were sitting on the fence decide to take action. In general I expect flatter prices and fewer sales for the last half of 2017.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Brisbane Ca Real Estate Market Trends - Apr 7 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:14:39 -0700

Brisbane real estate market trends show a return to price increases after the 4th qtr of 2017. 7 closed sales were reported for the 4th qtr of 2016 and another 7 closed sales have been reported for the 1st qtr of 2017. Interestingly 70% of the homes sold over list price in the 1st qtr of 2017 whereas 70% sold under list price in the 4th qtr of 2016.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Belmont Ca Real Estate Market Trends - Apr 7, 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 23:06:56 -0700

Belmont real estate market trends are still showing a sharp spike upwards for the first qtr of 2017. San Mateo county as a whole is showing flatter prices. For Belmont, more than 80% of the homes sold over list price during 1st qtr with approximately 20 closed sales reported so far.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate Office Juliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Atherton Real Estate Market Trends - Apr 7 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Sun, 09 Apr 2017 22:56:53 -0700

Atherton real Estate market trends show a drop in price per sq. ft. since March. However, with only 8 closed sales reported so far for the first quarter, variability in the average will be high. The average sales price was about 5% below asking price for both the 4th qtr 2016 and so far for the 1st qtr 2017 which is a little lower than typical.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Santa Clara Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 19:36:31 -0800

Santa Clara real estate market trends follow the Santa Clara County trends quite closely. They also follow the San Mateo County trends fairly closely with the biggest difference that lately San Mateo County has a stronger tendency for houses to sell over list price.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

San Mateo Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 19:26:56 -0800

As would be expected San Mateo real estate market trends follow the county wide trends quite closely. The biggest difference is that San Mateo houses have a sales price to list price that is higher than for the county average.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

San Carlos Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 19:13:00 -0800

San Carlos real estate market trends vary from San Mateo County averages in a somewhat typical way for houses priced above the county average. Althougth the prices per sq. ft. were slightly lower for San Carlos, the larger size of house gave a slightly higher total price. At the peak in 2007 a San Carlos house sold for about $600 sq/ft and climbed to about $1000 sq/ft by early 2017. San Mateo County average had a $630 sq/ft price in 2007 which climbed to about $900 sq/ft by early 2017. Houses on the upper side of average have tended to recover stronger than houses on the lower side of average.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

San Bruno Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 18:55:51 -0800

San Bruno real estate market trends are quite similar to the San Mateo County averages. The peak in 2006 and subsequent drop was a little greater for San Bruno than for the county average. The most interesting thing is that in 2016 San Bruno showed a greater percentage of homes selling over list price and selling for a greater price percentage over list price. First quarter of 2017 is showing a very strong demand for San Bruno homes.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Redwood City Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 18:41:39 -0800

Redwood City real estate market trends have followed the San Mateo County trends quite closely. This is not surprising since house prices in Redwood City are very close to the county average and although Redwood City is towards the south end of the county, it is not a common home for high-tech employees working along 237.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Newark Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 18:28:51 -0800

Newark real estate market trends are particularly interesting when compared to Milpitas. Both had house prices of about $200 sq/ft in 1999, and climbing to about $425 sq/ft in 2006. In 2009 Newark dropped to about $260 sq/ft while Milpitas dropped to about $320. By 2016 Newark prices climbed to about $460 sq/ft while Milpitas climbed to about $540. Clearly the downturn hurt Newark much more than it did Milpitas.If you compare the demographics of Newark to the demographics of Milpitas, the Milpitas population has a 10% higher population percentage with college degrees, and a $10k higher annual average salary.The higher average education and likely more high tech employment in Milpitas seems to have lead to a stronger recovery.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Sunnyvale Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 14:40:15 -0800

Comparing Sunnyvale real estat market trends to Santa Clara County trends comes down to looking at small differences. From 1998 to early 2017 Sunnyvale house prices increased by a factor of about 3.21 while Santa Clara County average house prices increased by a factor of about 2.92. If you look carefully much of the difference seems to have built up between 2012 and 2015. This is consistant with the broader trend that homes near the center of Silicon Valley have recovered stronger after the 2009 downturn than those near the periphery.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Menlo Park Ca Real Estate Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 14:21:18 -0800

It is always interesting to compare Menlo Park real estate trends with those of Palo Alto. Menlo Park and Palo Alto are adjacent to each other but are in different counties. Palo Alto has roughly twice the population but house prices, average resident age, and average population percentage with college degrees are pretty close. The increase in average house price from 1998 to early 2017 has been a factor of 3.14 for Menlo Park and 3.67 for Palo Alto. If you look at the average age of houses sold in Menlo Park it has remained fairly stable at 50 years. In Palo Alto the age has grown from roughly 48 in 1998 to about 55 to 60. However I think the greatest difference isn't in the average but in the extremes. The maximum sales price in Menlo Park has stayed below $8M and was typically around $4.5M until 2015. In Palo Alto the maximum has hit nearly $20M twice and has tended to be between $6M and $10M since 2012. Probably even more significant is that the minimum quarterly price in Menlo Park has never reached $900K while the minimum quarterly price in Palo Alto has almost always been above $1M since late 2013.The differences in city averages are due more to the extremes than in the value of similar houses.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate Office Juliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Los Gatos Ca Real Estate Market Trends

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 13:38:39 -0800

Los Gatos real estate market trends loosely follow Santa Clara County trends. Between 1998 and early 2017 home prices in Los Gatos increased by a factor of about 2.5. For Santa Clara County the factor is aout 2.9. Much of the difference occured after 2011. There has been slightly stronger growth in areas near the center of Silicon Valley compared to the edges.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Los Altos Hills Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 12:33:10 -0800

When I look at Los Altos Hills real estate market trends, I almost always compare them to Atherton and Hillsborough. Having predominately higher priced luxury homes, these areas although driven by the same forces that drive Silicon Valley have significant differences from Silicon Valley wide trends. Both Los Altos Hills and Atherton had some of the strongest peaks and fall because of the dot com bubble in 2000. Although both Los Altos Hills and Atherton had almost identical price per sq.ft. in 1998, Atherton has reached a slightly higher price in 2016. With so few homes sold the difference might be meaningless. Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314

Los Altos Ca Real Estate Market Trends - Mar 2017

Juliana Lee, Silicon Valley Real Estate (JLee Realty) — Fri, 10 Mar 2017 12:10:36 -0800

Los Altos, Mountain View, and Palo Alto have been some of the areas I've watched most closely. In 2010 Los Altos real estate market trends began showing signs that the 2009 drop had stopped and that prices would begin to increase. The strong rapid growth since 2012 has overshadowed the weak trend that surfaced in 2010. The trend for flat prices in 2016 was easier to spot early on for these three cities. The percentage increase in house price for Los Altos from 1998 to early 2017 is very close to that for Santa Clara county. The 2000 dot com bubble is more pronounced for Los Altos than Santa Clara county but not as quite pronounced as it is for Saratoga.Juliana Lee - Silicon Valley Homes For Sale - KW Palo Alto Real Estate OfficeJuliana Leecell phone: 650-857-1000email: homes@JulianaLee.comhttp://julianalee.com Over 1,000 home sales completed in Santa Clara and San Mateo countiesOver 20 years experience DRE 00851314