Silicon Valley neighborhood Home News

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

                                                                   Sam Shueh

                                                                    BRG Realty

                                                                 San Jose, CA 95124

                                               SamShuehRealtor@gmail.com   (408) 425-1601

                                              September 2023 relative to August 2023

                                               Note: DOM: Active/ Sold (days)

Alameda County, CA             List $                             Sold $                          DOM       Active #
Single Family $985,729 +2.1% $1,121,812 +0.9% 38 / 18   579  
Luxury Sing Family $2,749,578 -5.5% $2,240,467 -0.3% 49 / 14   192  
Condo/Town $593,298 -2.1% $629,286 +0.8% 49 / 26   298  
Lux Condo/Town $1,160,236 +0.4% $1,098,813 -0.9% 41 / 23   99  
Contra Costa County, CA
Single Family $871,284 +0.8% $866,598 +0.53% 44 / 21   563  
Lux Sing Family $3,106,869 +1.8% $2,258,575 -2.13% 61 / 18   187  
Condo/Townhm $474,707 -1.5% $533,593 +0.6% 41 / 32   216  
Lux Condo/Town $1,073,919 -4.1% $1,127,490 -4.2% 46 / 24   68  
Monterey County, CA
Single Family $1,407,965 +4.8% $1,131,274 +6.% 66 / 23   197  
Luxury Single Family $6,584,704 -1.0% $4,683,000 -2.9% 107 / 75   65  
Condo/Townhm $786,712 -5.4% $788,769 +16% 58 / 27   32  
San Mateo County, CA
Single Family $2,177,588 -7.5% $1,918,715 +1.44% 50 / 22   364  
Lux Single Family $9,741,982 -2.8% $6,365,229 -16.9% 112 / 30   115  
Condo/Townhm $812,076 +3.9% $866,625 -5.2% 89 / 45   135  
Luxury Condo/Town $1,896,707 +3.1% $1,544,706 -6.7% 44 / 31   41  
Santa Clara County, CA
Single Family $1,756,497 -4.1% $1,789,298 -2.3% 51 / 16   520  
Luxury Sing Family $6,215,024 +2.4% $4,240,786 -13.4% 104 / 22   170  
Condo/Town $800,385 -4.3% $844,231 -1.4% 37 / 18   270  
Luxury Condo/Town $1,560,417 -3.9% $1,523,456 -3.1% 39 / 17   88  
Santa Cruz County, CA
Single Family $1,198,546 -5.5% $1,137,218 -5.94 58 / 33   191  
Lux Sing Family $3,858,135 +2.92 $2,781,444 +1.9% 86 / 59   63  
Condo/Town $678,158 -9.9% $727,930 -2.2% 57 / 12   40  
Lux Condo/Town $1,312,667 -16.9% $1,334,000 -9.4% 46 / 12   12  

 

Comments (10)

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

These are homes and townhomes/condos sold during the month of September, 2023.  With a much higher mortgage interest rate the inventory is greatly reduced resulting in more home biddings.   No signs of slowing down. 

Oct 09, 2023 02:26 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, great market update for Silicon Valley, and always awed by the prices.

Oct 09, 2023 03:00 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Great clean report Sam. What is the circle building? It is beautiful.

 

The increasing mortgage rates caused a drop in the median price in the Phoenix Arizona metro in September as affordability based on local wages was affected even with a decreased supply of homes. There may be more people with higher incomes in NoCal that can absorb the increasing mortgage rates. Jeff

Oct 09, 2023 03:50 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Same,

Yes your Silicon Valley real estate market  continues to have such low inventory which in turn heats up the prices!

Oct 09, 2023 03:51 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Good evening Sam Shueh  what a great detailed market report, and looks like it could be my market low inventory and prices remaining high, Endre

Oct 09, 2023 09:12 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nice update, Sam, for Silicon Valley home sales. The numbers are certainly eye-popping!

Oct 10, 2023 08:07 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like the way you organized the stats and they certainly tell the story of the Silicon Valley neighborhood.

Oct 11, 2023 05:15 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Great market report Sam Shueh I also like the picture you chose 

Oct 19, 2023 01:49 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Thanks so much for your encouragement. All the best. Sam Shueh

Oct 24, 2023 01:07 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Hope you're getting your fair share of business, Sam. The best to you!

Oct 24, 2023 04:49 PM