Silicon Valley and near by counties real estate 2017

By
Real Estate Agent with (408) 425-1601 CA bre 1519182
https://activerain.com/droplet/55Nn

                                                                              Sam Shueh

                                                    Realty One Group

                                                   Silicon Valley, CA

 

The economy is robust. Unemployment in Santa Clara County is 3.5%, one of the lowest year in a long time. The Yahoo, Microsoft layoffs do not seem make a dent as people already found jobs else where.

 

Some of companies that may take stocks public (i.e. IPO) like Uber, Dropbox are quite busy. No one says anything about social media companies or a slow down.  

 

The mortgage payment from interest rate increase is small not affecting the affordability of most home buyers.  Everywhere there is construction going where the vacant lots are almost all gone. They are building mostly three floor homes on a tiny lot and high rises.


Silicon Valley jobs depend on major players like Google, Apple, Intel, Linkedin and so far there is no sign any one of them will slow down. The near term future is bright. We are waiting for iPhone 8 unveil and confused by what these high tech speaker gadgets can do.

 

SOURCE:  

Synopsis 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  

Housing Inventory Snapshot June 27, 2017
  Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend No of Listings
Alameda County, CA
Single Family under $1M $703,458 1.23%  $700,000 0.14% 27 -2 577
Single Family over $1M $1,891,599 2.03% $1,495,000 0.47% 47 4 339
Condo/Townhome under $600K $477,452 0.99%  $480,000 0.21% 22 0 158
Condo/Townhome over $600K $776,528 -0.63%  $734,990 1.38% 28 -2 133
Contra Costa County, CA
Single Family under $1M $653,306 -0.64%  $649,950 -0.01% 44 2 2059
Single Family over $1M $2,924,204 2.75% $1,825,000 -2.93% 71 5 2132
Condo/Townhome under $600K $442,451 -0.22%  $450,000 0.00% 32 2 391
Condo/Townhome over $600K $958,814 2.70%  $839,000 4.88% 41 3 478
 
San Mateo County, CA (most single family is over 1M now)
Single Family under $1M $862,037 3.01%  $895,000 5.42% 28 / 6 8 / -15 77
Single Family over $1M $4,592,062 -3.77% $2,499,000 0.04% 62 / 31 1 / 20 337
Condo/Townhome under $600K $487,325 1.76% $485,000 -2.81% 46  / N/A** -11 / N/A** 22
Condo/Townhome over $600K $1,120,176 -0.38% $997,210 7.81% 24 / 15 -6 / 5 87
Santa Clara County, CA  (Silicon Valley starter is 700K yes, they have a roof)
Single Family under $1M $812,627 1.35%  $820,000 2.50% 28 / 16 1 / -1 319
Single Family over $1M $2,690,257 -2.21% $1,799,888 -5.02% 51 / 16 0 / 3 602
Condo/Townhome under $600K $490,122 1.99%  $495,000 1.25% 22 / 17 -6 / 8 92
Condo/Townhome over $600K $953,210 -0.40%  $840,000 1.82% 29 / 9 -2 / -2 162
Santa Cruz County, CA
Single Family under $1M $693,090 -2.63%  $710,000 -2.61% 49 / 7 7 / -37 147
Single Family over $1M $2,196,943 -0.50% $1,575,000 -1.50% 80 / 51 8 / 22 180
Condo/Townhome under $600K $455,137 -4.12%  $485,000 3.41% 48  / N/A** 0 / N/A** 38
Condo/Townhome over $600K $837,993 -2.42%  $754,900 0.65% 88 / 27 21 / 12 47

 

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Rainmaker
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Laura Cerrano
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Good sources and good data make for a smart way to go about things with the market the way it is.

Jul 16, 2017 09:52 PM #1
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