Silicon Home sales catch fire even with higher interest

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

                                                            Sam Shueh

                                                            BRG Realty

                                                             San Jose, CA  95124

                                                          *408-425-1601

  February 25, 2023
  Average List Price 30 Day Trend Average Sold Price 30 Day Trend Average DOM: active/sold 30 Day Trend Number of Active Listings 30 Day Trend
Alameda County
Single Family $976,250 +5.8% $1,055,897 +6.4% 47 / 26 -8 / -14 362 -36
Luxury Single Family $3,090,795 +10.9% $2,318,383 +8.9% 70 / 32 4 / 2 117 -16
Condo/Thome   -2.6% $609,856 -1.13% 53 / 34 -5 / -17 173 -5
Luxury Condo/Townh $1,150,583 -4.5% $1,022,109 -13.6% 53 / 72 -13 / 21 54 -2
Contra Costa County, CA
Single Family $838,716 +0.3% $780,075 +4.2% 53 / 42 -6 / 0 413 -60
Luxury Single Family $2,865,558 -1.43% $2,292,893 +3.3% 68 / 37 -10 / 7 138 -13
Condo/Town $522,022 +2.49% $502,135 +5.5% 41 / 34 -7 / -15 130 0
Condo/Thome   +5.21% $1,215,136 +16.4% 40 / 34 -4 / -6 41 -1
Monterey County, CA
Single Family $1,188,823 +9.9% $921,589 +0.48% 68 / 42 -10 / -4 188 -6
Luxury Single Family $8,245,796 +5.31% $4,742,709 -12.3% 113 / 23 -11 / -36 60 -5
Condo/Town $551,905 -9.6% $591,929 +17.43% 57 / 54 -5 / 22 19 -5
San Mateo County, CA
Single Family $2,370,213 +6.2% $2,125,210 +21.7% 60 / 32 -7 / -3 210 5
Luxury Single Family $11,737,868 +8.4% $10,771,533 -12.0% 124 / 67 -16 / 38 50 -16
Condo/Townhm $737,763 -0.31% $889,792 +8.9% 104 / 42 -3 / 7 92 5
Luxury Condo/Town $1,725,897 +3.1% $1,598,687 -6.6% 54 / 40 -10 / -51 30 2
Santa Clara County, CA
Single Family $1,807,709 +9.2% $1,581,457 -0.46% 61 / 30 -5 / 5 383 1
Luxury Single Family $6,303,138 +2.7% $5,065,409 +12.2% 96 / 30 -13 / -26 120 1
Condo/Townh $865,966 +2.7% $849,877 +2.0% 61 / 31 -1 / -1 165 -34
Luxury Condo/Townh $1,828,874 +0.5% $1,636,134 +1.1% 81 / 17 8 / -10 48 -15

 

Sam Shueh (408) 425-1601    SShueh@Gmail.com 

Comments (6)

Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Interest rate is at 7 pct at most lenders. There is no slow down in home sales. People still are actively buying homes.  Book you next viewing  now.

Mar 03, 2023 11:15 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a friend. I would love the follow back. We look forward to more from you later on. Thanks Bill

Mar 04, 2023 06:11 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Sam,

You are right there don't appear to be any slow down in home sales even with the interest rates fluctuating. Buyers still need to buy and are doing so.

Mar 04, 2023 07:26 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam, great update for Silicon home sales, and always amazed at your home values.

Mar 07, 2023 01:26 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Sam, for sharing this report.

Have a productive month.

Mar 16, 2023 09:50 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

I just started following you to help me track your prices in California since many of them are relocating to Idaho.  If they have more luck selling in California, the easier it is for them to buy here in Idaho.

Apr 04, 2023 12:04 PM