Silicon Valley area home stats-Sept 2019

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

                                                                                     Sam Shueh

                                                           Realty One Group 

                                                           Cupertino, CA

The residential home sales including multi-family is quite active. Most homes when priced correctly are still quickly into a sales contract. There are also many new housing picking up every space, lots by placing more modern homes on the market. Days on the market is more traditional 30 days vs 45 a year ago(2018). People still need to pay full asked price at 101% vs 114% from a year ago. The areal sf price of gross living area is normalized at $842/sf for an average size tract home. Thus the area has experienced -10%  price adjustment from market overheating.

 

The future is still very bright. Toured Tesla factory last week with over 1000 vehicles completed daily. Many are going to China where people prefer Tesla and iPhones as status symbol. Apple has more professional positions open than they can fill in.  A few companies are however making adjustment from poor earnings or Trade War casualties. Most residents are bullish about their prospect and opportunities in the forth coming year. 

 

  Average List Price 30 Day             Trend                    Average Sold Price          30 Day                             Trend Average DOM: active/sold 30 Day Trend                 No. Active  Listings 30 Day Trend

 

San Mateo County, CA
Single Family $1,792,283 +3.9% $1,482,227 -10.75% 39 / 19 -3 / 1 462 100
Luxury Single Family $8,290,518 -0.7% $4,500,000 -9.60 % 96 / N/A -18 / N/A 153 34
Condo/Townhome $843,932 +4.4% $579,800 -14.3% 33 / 20 -4 / 1 139 36
Luxury Condo/Townhome $1,874,973 +4.6% $1,783,333 +6.4% 61 / 2 -11 / -32 44 11
Santa Clara County, CA
Single Family $1,310,175 +4.1% $1,148,433 -1.8% 49 / 15 0 / -6 1,037 3
Luxury Single Family $4,641,752 +6.1% $3,514,167 -5.4% 81 / 50 -1 / 9 330 -3
Condo/Townhome $711,751 +1.5% $724,810 +1.9% 50 / 31 4 / 1 499 6
Luxury Condo/Townhome $1,383,441 +4.2% $1,382,000 +2.4% 50 / 23 3 / 12 156 -7

 

Sam Shueh (408) 425-1601

    Silicon Valley Realtor    

----------------------------

Sam Shueh Realtor

 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...please give me a call.  

Prediction of 2018 Silicon Valley Real Estate 

 Silicon Valley Realtor Sam Shueh Website   (Four-O-Eight)  425-1601  

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Rainmaker
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Raymond Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Wow, the average list price in your market is substantially different than our Sacramento/Elk Grove market.  

Oct 08, 2019 09:25 AM #1
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Investors when selling their homes go to your area trade two for one sale and are happy with cash flow.

Thanks

Sam Shueh

Oct 08, 2019 10:09 AM #2
Rainmaker
1,944,342
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Sam Shueh - a little cooling off but still a very hot market.

Oct 17, 2019 08:38 AM #3
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Rainmaker
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Sam Shueh

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