Realty One Group
San Jose, CA 95037
The largest city in the county is San Jose, nicknamed as Silicon Valley due to abundant technology base. In 2019 there has been several ipos from stocks going public: Lyft, Zoom, Printrest, Levi Strauss (SF based) generated 1000s of happy millionaires. Soon Uber and Airbnb (both in SFO ) will join the rest of them as public companies.
Our craze on overbidding for the last few years seemed to have been on hold. People today are more cautious not to overreact. Once a dozen or two purchase offers are reduced to a handful, the sold/asked ratio reduces exponentially to full price. After a less active winter it started seeing life again with homes sold fairly quickly. In Santa Clara County the sellers still call the shots. Very rarely I see a price lower than asked is accepted. As the last 40 years here concession is not a commonly used term as there are still more buyers than sellers.
Below are some of the sale statistics for the month of March, 2019. As one can see the townhomes and condos are less desirable as one can actually own a detached home now. However, hot areas are still steaming hot as before. Those prospect who like a home they need to make an offer right away as procrastination will disappoint many people. "They disappear fast!"
|Santa Clara County, Ca||Avg List Price||30 day Trend||Avg Sold Price||30 day Trend||Avg DOM: active/sold||30 day Trend||# Active Listings||30 day Trend|
|Single Family||$1,312,128||+2.8%||$1,289,233||+18.9%||37 / 17||-5 / 0||790||89|
|Luxury Single Fam||$4,160,879||+3.7%||$3,355,085||+5.3%||58 / 13||-4 / -18||257||39|
|Condo/Townhome||$749,395||-0.7%||$ 690,500||-15.3%||34 / 23||-5 / 10||397||52|
|Luxury Condo/TH||$1,380,720||-1.5%||$1,369,333||-7.4%||46 / 15||-4 / 4||132||23|
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.