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Silicon Valley Home price update 2023

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

 Above is an older map dipicting South San Francisco Bay in 1939. Most of Silicon Valley is built west or Northwest of the map over Valley of the Delight.

Inspite of interest rate hikes, and headcount adjustments we happen to have one of the best years in housing. 

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

Housing Inventory Snapshot March 31, 2023
County AvgList Price 30 Day Trend Avg Sold Price 30 Day Trend Avg DOM: active/sold 30 Day Trend No Active Listings 30 Day Trend
Alameda County, CA
Single Family $979,856 +0.37% $1,067,280 +1.08% 44 / 25 -3 / -1 367 5
Luxury Single Family $2,862,866 -7.37% $2,242,903 -3.26% 51 / 24 -20 / -9 122 5
Condo/TWN $616,776 +1.21% $677,159 +11.04% 53 / 33 0 / -1 170 -3
Luxury Condo/TWN $1,165,631 +1.31% $1,113,498 +8.94% 33 / 40 -21 / -31 55 1
Contra Costa County, CA
Single Family $973,765 +16.1% $874,525 +12.1% 49 / 31 -4 / -11 418 5
Luxury Single Family $3,139,066 +9.5% $2,515,384 +9.7% 59 / 29 -9 / -8 135 -3
Condo/TWN $527,710 +1.1% $503,652 +0.3% 43 / 29 2 / -5 131 1
Luxury Condo/TWN $1,218,116 -2.6% $1,123,414 -7.6% 45 / 19 5 / -15 43 2
Monterey County, CA
Single Family $1,312,214 +10.4% $1,176,845 +27.7% 70 / 46 2 / 4 169 -19
Luxury Single Family $8,646,396 +4.9% $5,036,750 +6.20% 113 / 47 -1 / 25 55 -5
Condo/TWN $634,637 +15.0% $549,794 -7.12% 38 / 39 -20 / -15 23 4
San Mateo County, CA
Single Family $2,408,656 +1.62% $2,021,344 -4.89% 60 / 25 -1 / -7 234 24
Luxury Single Family $11,127,407 -5.20% $7,233,273 -32.85% 116 / 27 -8 / -40 60 10
Condo/TWN $748,229 +1.42% $885,426 -0.49% 118 / 30 14 / -11 86 -6
Luxury Condo/TWN $1,730,863 +0.29% $1,809,957 +13.2% 57 / 31 2 / -9 26 -4
Santa Clara County, CA
Single Family $1,883,776 +4.21% $1,738,665 +9.94 51 / 23 -10 / -8 425 42
Luxury Single Family $6,416,985 +1.81% $4,535,805 -10.5% 93 / 34 -3 / 5 139 19
Condo/TWN $849,426 -1.91% $870,883 +2.4% 46 / 25 -16 / -6 190 25
Luxury Condo/TWN $1,782,415 -2.54% $1,659,832 +1.4% 61 / 18 -20 / 1 58 10
Santa Cruz County, CA
Single Family $1,325,166 +12.7% $1,208,936 +8.9% 85 / 43 -14 / -8 109 -1
Luxury Single Family $4,059,067 +14.4% $2,903,610 +19.0% 111 / 98 -3 / 29 30 -2
Condo/TWN $745,599 +14.7% $937,536 +24.4% 87 / 44 -5 / -37 19 2

Much Has changed over the years, Silicon Valley now grows silicon, head sets and iWatches not apricots, cherries.  Homes are dotted where all farms were.

Comments(8)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sam and thank you for sharing your market report with us here in Rain.  Make it a start to a great week!

Apr 10, 2023 09:11 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Sam Shueh this is good information for both Buyers and Sellers in your area.

Apr 10, 2023 12:06 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Hi,

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Bill

Apr 11, 2023 12:31 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam, always amazed at your home values in Silicon Valley.     We are getting up there, but not as high as yours.   

Apr 16, 2023 10:52 AM
Sam Shueh

Little has changed other than the demand is still fairl;y high.  After getting used to look at 1-2M modest homes. I guess we are not surprised to find there are plenty of 3-4M larger size(3K sf) on an average size lot. 

Apr 17, 2023 04:59 PM
Patricia Feager, ABR,CRS,GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Sam Shueh - what an interesting old map and good information about interest rates and your current market report. Thank you!

I wish you great success and sales. 

May 18, 2023 09:12 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Sam Shueh. I am amazed at your price ranges in Silcon Valley. These properties are certainly in the higher luxury homes area. Best Wishes to you, and have a Blessed Weekend!

May 19, 2023 08:28 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, always think selling these expensive homes would be fun, but you would have to live in one too.

May 21, 2023 10:18 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Sam.

I'm always amazed at your home values in Silicon Valley! Love the old map..your report is good for sellers and buyers to digest!

Oct 09, 2023 03:53 PM