May 2019 San Francisco Bay Area Real Estate activities

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Real Estate Agent with (408) 425-1601 CA bre 1519182

                                                                                             Sam Shueh                                                 

                                                                  Realty One Group

                                                                  Silicon Valley, Ca

Home prices for single-family previously owned homes are down from 2018 over this year were lower. This spring (2019) there are signs of picking up.  The average sales sold price was up 8.3% over previous month. It is now at its highest since June of 2018.

 

The sales price to list price ratio, which had a peak last spring of 112.4%, had dropped before bottoming out at 99.7% in  December. Since then it is now up to 102%.  Most sellers have more than 1 buyer to select.

 

Home sales volumn were down, year over year. There were 709 homes changed hands in Santa Clara County in April 2017.

 

Inventory continues to expand to a more healthy stage. The area has been in severe shortgage of homes and people had to compete to get a place called their own. It has been higher than the year before. In April, it was up ~70% over previous year same time.

 

Marketing time, or time it takes to get into an accepted sales offer was down to 53 days. It is a result of more activities. Seasonal demand is the driving mechanism.

 

As of May 8, 2019 there are 1,325 homes for sale in Santa Clara County.  

 

Prices for re-sale condos and town homes previous month from the month before but were down year-over-year. The sales price to list price ratio was 101.4%.  Condo sales were down 27% year-over-year.  Inventory continues to expand.  Previously home owners had to settle for multifaimily or PUD from fierce competion especially near job centers. Now the same group of home owners have a choice such as smaller homes or new housings.

 

Below is are the most recent stats for the SFBA counties:

 

 

 SFBA     REAL ESTATE HOUSING ACTIVITIES May 1, 2019
  Avg List  $ Last month  Avg Sold $ Last month 

Days on Market

Active/Sold

Last month  # Active Listings last month
Alameda County, Ca
Single Family $878,624 +2.51% $865,803 +4.78% 28 / 21 -3 / -5 904 130
Luxury Single Family $2,110,819 -5.13% $1,939,537 +7.09% 52 / 16 -2 / 1 300 44
Condo/Townhome $604,241 +0.37% $541,030 -3.89% 38 / 27 -2 / -2 365 42
Luxury Condo/TH $965,954 -1.46% $1,003,833 +1.43% 35 / 18 -7 / 6 119 14
Contra Costa County, Ca
Single Family $717,995 +0.95% $767,623 +15.47% 39 / 24 -3 / -7 1,069 120
Luxury Single Family $2,537,261 -4.29% $1,892,350 +1.64% 63 / 17 -4 / -9 355 39
Condo/Townhome $430,581 +1.64% $411,283 -12.31% 38 / 37 -4 / 12 270 27
Luxury Condo/TH $878,972 -1.77% $853,116 +6.79% 36 / 18 -8 / -7 87 8
 
San Mateo County, Ca
Single Family $1,847,866 +3.68% $1,782,995 +1.76% 30 / 17 -6 / -2 349 62
Luxury Single Family $8,601,385 -1.90% $4,730,000 -4.72% 83 / 17 -6 / 0 119 18
Condo/TH $923,969 +7.16% $904,492 +17.3% 30 / 23 -10 / 8 93 23
Luxury Condo/TH $1,821,266 +0.15% $1,566,600 N/A 41 / 4 -9 / N/A 30 8
Santa Clara County, Ca
Single Family $1,300,865 -0.86% $1,296,441 +0.56% 35 / 16 -2 / -1 957 167
Luxury Single Family $4,185,676 +0.60% $4,208,168 +25.4% 55 / 21 -3 / 8 312 55
Condo/Townhome $758,979 +1.28% $690,791 +0.04% 37 / 22 3 / -1 435 38
Luxury Condo/Townhome $1,366,469 -1.03% $1,375,263 +0.43% 35 / 11 -11 / -3 143 11

 

Sam Shueh Realtor Google Map 

 

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. 

SamShuehRealtor@ Gmail.com

Advice of realtors wanting to get into Silcon Valley 

 Silicon Valley Realtor Sam Shueh Website   

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Topic:
Real Estate Market Trends
Location:
California Santa Clara County
Tags:
santa clara county homes
alameda county homes
san jose realtors
san francisco bay area realtors
san jose real estates
san mateo county home prices

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local market reports.

Have a lovely weekend.

May 11, 2019 01:43 PM #1
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Sam Shueh

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