Sam Shueh
Realty One Group
Campbell, CA
The demand for housing with robust high tech employment precipitated another spectacular house hunting season again. Most homes quickly are taken first week with sold price higher than asked by +3%. In May 2017 Sold/listed ratio being 106.5% in the entire county. So far interest rate hikes, appraisal fear, overpaying, lose in incom do not seem to bother most people. It is truly a buyers market.
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SANTA CLARA COUNTY, NORTHEN CALIF
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| # of Sales 2,587 units in 2016 q1 ->2,666 units in 2017 q1 or increase of +3% |
| Median Price ($K) $946K->$1,049K or +10.8% YTY Marketing time (DOM) 12 days |
| San Jose City -1465->1,516 units sold during Q1 2017 vs same quarter last year |
| Median Price ($K) $856->$924K +8.0% YTY; Marketing time=12 days |
| Mountain View Sales=98 |
| Median Price ($K) 1,357->$1,449 +7% DOM=12 days |
| Palo Alto Sales=73 |
| Median Price ($K) $2,225->$2,455 +10% DOM=23 days |
| Los Altos Sales=66 |
| Median Price ($K) $2,625->$2,810 +7% DOM=12 days |
| Los Altos Hills Sales=15 |
| Median Price ($K) $3,660->$4,015 +10% DOM=59 days |
| Santa Clara City -Sales=143 |
| Median Price ($K) $950->$980 +3% Ave DOM=19 days |
| Campbell -Sales=78 |
| Median Price ($K) $1,002->$1,169 +17% DOM=12 days |
| Cupertino -Sales=64 |
| Median Price ($K) $1,625->$1,821 +12% DOM=9 days |
| Saratoga - Sales=52 |
| Median Price ($K) $2,225->$2,217 +0% DOM=24 days |
| Los Gatos -Sales=96 |
| Median Price ($K) $1,646->$1,700 +3% DOM=12 days |
| Sunnyvale -Sales=145 |
| Median Price ($K) $1,146->$1,260 +10% DOM=14 days |
| Monte Sereno -Sales=8 |
| Median Price ($K) $3,005->$2,415 -20% (variance is due to smaller size homes and small sample size) |
| Morgan Hill -Sales=111 |
| Median Price ($K) $750->$834K +11% DOM=28 days |
| Gilroy -Sales=118 |
| Median Price ($K) $654->$670K +2% DOM=25 days |
SOURCE:
Snopsis on Mortgage Interest Rate vs Affordability (Silicon Valley affordability)
Santa Clara and South San Francisco Bay Area Home Stats Q2 2016
How is my Silicon Valley home worth? (Silicon Valley Home Values)
Sam Shueh Real Estate Blogs
Website - Sam Shueh Realtor SamShuehRealtor at Gmail.com
(Four O Eight) 425-1601
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