Sam Shueh
Realty One Group
San Jose, CA
(408) 425-1601
SShueh at Gmail
As we enter into November of 2018 there are fewer homes on the market while inventory is +15% more than a year ago. Homes now take slightly longer to sell due to fewer active buyers. Gone are the 10-20 offers on first week. Rather most will sell at or close the the asked price. The price adjustment is actually good blessing for home buyers to grab home while many people are getting ready for the holidays. The few percent reduction occurs only after perpetual price increase for the past several quarters. There is nothing to panic about. The local jobs are plentiful and interest rates actually dropper slightly. For example, 30 year fixed conventional mortgage has returned to 4.76% from 5% recently. The following is extrapolated from MLS system from last 30 days.
Enjoy,
Sam Shueh
| Average List Price | 30 Day Trend | Avg Sold Price | 30 Day Trend | Avg DOM: active/sold | 30 Day Trend | Number of Active Listings | 30 Day Trend | |||
| Contra Costa County, CA | ||||||||||
| Single Family | $622,724 | -3.2% | $604,500 | -2.60% | 54 / 39 | 10 / 8 | 1,012 | -228 | ||
| Luxury SFH | $2,350,103 | +0.35% | $2,695,400 | +23.7% | 89 / 35 | 15 / 9 | 336 | -72 | ||
| Condo/Townhome | $424,177 | -4.35% | $395,307 | -13.2% | 47 / 28 | 7 / 0 | 242 | -12 | ||
| Luxury Condo/Townhome | $844,506 | -1.49% | $699,250 | -19.9% | 56 / 13 | 9 / 2 | 73 | -6 | ||
| Santa Clara County, CA | ||||||||||
| Single Family | $1,129,729 | -6.10% | $1,084,650 | -6.9% | 52 / 19 | 11 / -6 | 884 | -205 | ||
| Luxury Single Family | $3,686,759 | -5.86% | $3,475,820 | -6.4% | 85 / 21 | 14 / 5 | 285 | -56 | ||
| Condo/Townhome | $704,245 | -2.22% | $691,425 | +4.8% | 49 / 28 | 11 / 0 | 358 | -92 | ||
| Luxury Condo/Townhome | $1,313,080 | -4.64% | $1,564,558 | +23.3% | 56 / 16 | 15 / -6 | 119 | -24 | ||
| Monterey County, CA | ||||||||||
| Single Family | $919,149 | -0.78% | $785,225 | +11.3% | 85 / 36 | 8 / -17 | 506 | -13 | ||
| Luxury SFH | $5,708,459 | +0.24% | $2,875,000 | -17.9% | 172 / 9 | 9 / 6 | 166 | -6 | ||
| Condo/TH | $505,735 | -5.17% | $364,667 | +28.2% | 78 / 9 | -6 / -77 | 72 | -8 | ||
| Luxury Condo/TH | $928,795 | -1.12% | $848,000 | -1.4% | 112 / 123 | 15 / N/A | 22 | 0 | ||
| San Mateo County, CA | ||||||||||
| Single Family | $1,472,769 | -6.34% | $1,425,210 | -2.9% | 46 / 24 | 7 / 10 | 368 | -95 | ||
| Luxury SFH | $6,983,026 | -4.24% | $7,830,000 | N/A | 101 / 30 | 10 / 24 | 122 | -28 | ||
| Condo/Townhome | $858,196 | +0.58% | $751,562 | -13.7% | 63 / 46 | 16 / 31 | 86 | -17 | ||
| Luxury Condo/Townhome | $1,740,783 | +4.80% | N/A | N/A | 56 / N/A | 15 / N/A | 25 | -8 | ||
| Alameda County, CA | ||||||||||
| Single Family | $759,333 | -4.00% | $802,235 | +0.87% | 49 / 23 | 10 / 2 | 877 | -189 | ||
| Luxury Single Family | $1,928,044 | -0.92% | $1,514,238 | -1.31% | 69 / 14 | 18 / -6 | 291 | -68 | ||
| Condo/TownH | $592,471 | +4.2% | $526,343 | -4.57% | 49 / 19 | 12 / -3 | 335 | -33 | ||
| Luxury Condo/TownH | $964,910 | +3.76% | $1,004,332 | +12.2% | 43 / 29 | 7 / -3 | 99 | -25 | ||
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