The good news is that there are a lot of homes in the $1.0M to $1.5M price range, predominately in Santa Clara, Campbell, Cambrian and Willow Glen areas of San Jose. At the end of 2018 home sellers saw -17% price drop in a few months. As is painfully obvious, single family residences in Silicon Valley start at $1.0M. Statspopehandy.REReport.comStatistics for Santa Clara County, San Mateo County, Santa Cruz County, Copyright © 2007 - 2020. Learn about those locations here: Annual appreciation rates are close to normal. In January 2018, the median price … Nevertheless, it was up 10.3% compared to last year. If you want to “spot check” pricing, visit http://popehandy.rereport.com and check the various areas. The average price has been lower five of the past six months. Silicon Valley real estate market trend report: June 2011. San Francisco is NOT part of Silicon Valley, though may reporters – some local – keep stating that it is. The increase in the annual median price does vary by city. It will be well past $2 million unless you want an original condition home from the 1950s (aka a fixer upper). All Rights Reserved. … Los Altos homes start at $2.0M with most “move-in” ready homes in the $2.5M to $4.0M price range. Comps near any address in Santa Clara County The link between the two issues is very close and as a consequence house prices have tended to be fairly volatile during boom and bust times. Palo Alto and Los Altos are showing slight declines, most likely due to them having the highest priced homes. In Santa Clara County: The median price of a house sold in this county is about $1.175 million and the average sale price of a home sold is about $1.440 million as of 2018 (see my ReReport for details). While low by 2013-15 and 2017-18 standards, this year is showing a strong up-tick from the prior year. ***** There are not enough numbers yet to declare a trend. In early 1990, the SF median house price was about $300,000; it is currently running about $1,650,000. The following charts show the averages for single family residences across 12 Silicon Valley cities from Menlo Park to Los Gatos. To begin your search for the perfect home or to sell your house in San Jose, Los Gatos, Cambrian, Almaden, or anywhere in the West Valley, Santa Clara County, or Silicon Valley, please, CA BRE License # 01153805 Sereno Group, Los Gatos CA, call Mary Pope-Handy at 408-204-7673 or email mary (at) popehandy.com, "Helping nice folks to buy and sell homes in Silicon Valley since 1993". Home prices are dropping in Silicon Valley as longtime residents cash in on sky high values. Home prices are on-track to set a new all-time high, even with a pandemic during seven of the last nine months. Local sales prices are still up 7.2% over 2019 versus 6.8% last week’s YOY number, and houses are selling 10 days faster than a year ago. The East Bay is not really an area that I cover much, though I did live in Fremont and Berkeley for grad school – and Silicon Valley now does include Fremont, Union City, and Hayward. It is down 10.8% from the peak in April 2018 and just below where it had first been in … Homes in Cupertino receive 3 offers on average and sell in around 10 days. Avi Urban DRE #01485729 Keller Williams Realty 505 Hamilton Ave. ... and the loan amount will be up to $400,000 (80%). There are homes under $1.0M outside of the 12 cities that I include in Silicon Valley: Blossom Hill area in south San Jose and east San Jose. The average sale price of a home in Cupertino was $2.19M last month, up 25.7% since last year. Real Estate Market Statistics and Trends for Santa Clara County Please note, most of Santa Cruz County is not part of Silicon Valley, and the one area that really is, Scotts Valley, is on the periphery. In Santa Cruz County: the median price is a far more affordable $800,000 to %850,000 range for the median and average sale price of houses. Ratings are provided by GreatSchools.net along with the California Academic Performance Index (API). The data is obtained directly from our local multiple listing service (MLS), which is used by virtually all Realtors in the area. The average sale price per square foot in Cupertino is $1.1K, up 6.9% since last year. The starting point is the city of San Jose, but you can request any zip code in Santa Clara County. The majority of Condos/THs are two-bedroom units with next most popular being three-bedroom units followed by one-bedroom units. A quiet family-oriented community with top-rated elementary through high schools throughout the city. End-units are also more expensive as they have fewer shared common walls. Real estate in Santa Clara County, focused on west side communities of San Jose, Los Gatos, Saratoga, Campbell & nearby Pending sales were up 63.8% year-over-year. My Real Estate Report, a separate page with more data, drills the numbers by neighborhood in Mountain View (and also Palo Alto and San Jose – the latter being very understandable as it’s almost 1 million people, rather than Mountain View’s 75,000 people). But the sky isn't exactly falling yet. This site is Move2SiliconValley.com - please see Mary's other sites & resources: What is it like to live in Silicon Valley? This trend follows most of SFBA and other urban cities as well. Click on “Our Homes” to view the individual cities. Condos and Townhomes start at $500K. It is based upon the Q1 2000 price being indexed to 100: A reading of 50 signifies a median price half that in Q1 2000; 200 means the price has doubled since then. Similar trends are occurring throughout the region. The median price has risen 6% per year since 2003 (CAGR). This website and market analysis is provided by Bryan and Susan Sweeley, Broker Associates with Compass. But the commute…. The cost of housing is probably the least fun thing about moving to the “south bay”, apart from the traffic woes. Locally newer homes are often larger than older homes. Home sales were down 9.2% compared to October. Most of the hub of Silicon Valley is in Santa Clara County or in San Mateo County close to the San Francisco Bay (not along the coast). Sunnyvale is posting the largest gain of 11%. The average sales price was up 15.4% year-over-year, setting a new all-time high. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Of course, the huge difference is in the median house sales prices: The city's is now over 5 times higher than the national median price. High end priced homes surged in sales. The median price continues its nine year run. We are using cookies to give you the best experience on our website. Last year was the first “down” market since the 2008-09 financial crisis. Cupertino Real Estate Market Trends, Home Prices Silicon Valley Real Estate. Listings and Sales Near Any Address in Santa Clara County. Conforming loan limit increased to $822,375, Interest-free Loans to Increase Home Value. The market data comes from MLSlistings the primary Multiple Listing Service (MLS) serving Santa Clara and San Mateo counties. The good news is that there are a lot of homes in the $1.0M to $1.5M price range, predominately in Santa Clara, Campbell, Cambrian and Willow Glen areas of San Jose. The Silicon Valley real estate market is crashing — at least from a price perspective. 2301 Los Coches Ave, San Jose, CA 95128. We are always available to help you and your friends. Please feel free to email or call anytime with any question or request. There’s plenty of demand in Cupertino though inventory is extremely limited. As is painfully obvious, single family residences in Silicon Valley start at $1.0M. RE REPORT for Santa Clara, San Mateo, and Santa Cruz Counties: Click the link below to get real estate data for Santa Clara County, San Mateo County, and Santa Cruz County (together making up about 98% of "Silicon Valley") care of the monthly RE REPORT. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Silicon Valley Luxury Trend Watch: Spa/Wellness Centers and Flex Spaces For many California affluent homebuyers, good health is the ultimate luxury. Figure 2 Marketing time for Silicon Valley(SJC) Home prices maxed out in May of 2018 at $1,266,000 (average price for a tract home). Market demand remains strong. As the car ads here used to say, “drive a little, save a lot”. The supply of New Listings has returned to levels consistent with prior years, even after a strong dip during April-May. A very simple and quick view of Silicon Valley real estate market trends is available in the table below. Home Values, Market Trends, Schools and our Communities. For a house in an area with good schools, the price tag starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of early 2018). If you disable this cookie, we will not be able to save your preferences. The Silicon Valley real estate market continued to slow in September with single-family, re-sale home sales and prices lower than the month before. This means that every time you visit this website you will need to enable or disable cookies again. Los Altos homes are one of the most desirable in Silicon Valley. ALTOS RESEARCH weekly reports by zip code in Santa Clara County: Use this link to sign up: Data released Wednesday from the National Association of Realtors shows that the median price for a home surpassed $1 million in the region around San … In San Mateo County: the median sale price is $1,485,000 and the average sale price is $1,856,000. House prices are now down 11.7% from the peak in April 2018 and just above where they had first been in October 2017: In Santa Clara County, the southern part of Silicon Valley and the most populous county of the Bay Area, the median price of single-family houses dropped 3.9% year-over-year, to $1.298 million. For a house in an area with good schools, the price tag starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of early 2018). You can find out more about which cookies we are using or switch them off in settings. https://move2siliconvalley.com/can-buy-1-million-silicon-valley/, Please visit my Valley of Heart’s Delight blog to view a sampling of listings of homes for sale, Real Estate Market Statistics and Trends for Santa Clara County, Listings and Sales Near Any Address in Santa Clara County. The Cupertino housing market is most competitive. Go to the specific city to see the distribution of prices by size of home (e.g., number of bedrooms and $/SQFT). Last November there were 708 homes sold. Silicon Valley’s notoriously expensive residential real estate sales may have seen a slump in March and April during the region’s restrictive shelter-in-place orders, but industry insiders say it’s still a seller’s market. The information is deemed to be accurate, however is not guaranteed. Homes in Cupertino start at around $1.8 to $2 million. Year-to-date, home sales are down 9.9%. This first chart tracks percentage changes in median house sales price since 1990. The sales price to list price ratio went from 102.4% to 102.7%. Live in Los Gatos blogLos Gatos neighborhoods, real estate, events, history, parks, businesses & more. Townhomes are typically more expensive as there is usually no one above or below you. There are homes under $1.0M outside of the 12 cities that I include in Silicon Valley: Blossom Hill area in south San Jose and east San Jose. Yes, you CAN buy a house in Santa Clara County for less than $1 million. Most Silicon Valley cities have multiple school districts with individual schools with varying academic performance. The median sales price for single-family, re-sale homes backed off the record high it set in October. The future of Silicon Valley. This information is deemed to be accurate, however is not guaranteed. This year is seeing an 8% increase in the median price, which is not bad at all. Pleasanton offers good prices relative to Santa Clara and San Mateo Counties, and good schools plus a lovely downtown. Complete guide to schools, ratings and attendance boundaries. The median price for homes was lower than the month before for the sixth month in a row. House values in that California city are dropping steadily. Some towns far outpaced the growth trend for the region and there were seven towns where the median grew by more than $1 million over the past decade. Higher priced homes are selling at a faster rate than lower priced homes. A great overview of how Silicon Valley communities differ and their various features: restaurants, shopping, transportation and more. According to data from MLSListings, in Santa Clara County, the median single-family home cost $1,150,000 and sold in 26 days for 100 percent of the list … A lot better than one earns on interest. For You: Homes of Silicon Valley encourages you to look at micro-market trends in your desired purchase areas, as well as Bay Area housing shortage levels as a whole. ... Homes for You Price (High to Low) Price (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. The revised forecast asserts that median sales price appreciation will be 1.1% nationwide, formerly forecast at 2-4%. Even if you are new to the San Francisco Bay Area, you cannot help but notice the relative scarcity of homes for sale this month as opposed to last month or any other dating back to 2001. Although there’s been some warming and some cooling, Cupertino homes remain in a hot seller’s market. In many ways the property trends across the Silicon Valley can be mapped against the trend of technology shares on the US stock market. Prices are lower there. Sales have been lower for the past five months. Homes in Cupertino start at around $1.8 to $2 million. Bryan Sweeley, MBACompass, Broker Associate, DRE# 01877044Mobile: 650-793-0355Email: bryan.sweeley@compass.comWeb: bryansweeley.com, Susan Sweeley, MBACompass, Broker Associate, DRE# 01255460Mobile: 650-793-0828Email: susan.sweeley@compass.comWeb: susansweeley.com. The current year median price, the percent increase so far this year, and the percent increase in each of the previous two years is listed for houses sold for most Silicon Valley cities. The sales price to list price ratio fell to 101.7%, falling below last year’s numbers and the days on market grew. There were 954 homes sold in Santa Clara County last month. It was up 16.1% year-over-year. Looking at the average size of houses being sold can provide additional insight into the Cupertino real estate market. It fell 4.8%. Browse listings of homes for sale by map here on Move2SiliconValley.com by using this link: https://tinyurl.com/SVHomeSearch. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Altos Reports sign up link. This website uses cookies so that we can provide you with the best user experience possible. There’s no other way to say it, and no reason to sugarcoat it. The drop in sales was accompanied by a 2.2 percent year-over-year gain in the Bay Area’s median sale price in January. Feet Lot size by zip code in Santa Clara and San Mateo counties, save a Lot.... Market, our schools and our communities the US stock market Cupertino homes remain in a the... Help you and your friends our detailed real estate market to last year pleasanton offers good prices to. Mlslistings the primary multiple listing Service ( MLS ) serving Santa Clara and San Mateo.. School districts with individual schools with varying academic performance the 2008-09 financial crisis some warming and some cooling, homes... Or call anytime with any question or request one-bedroom units as the car ads here used to say, drive. Row the median sale price is $ 1,485,000 and the average price has higher... Luxury trend Watch: Spa/Wellness Centers and Flex Spaces for many California affluent homebuyers, good is. Should be enabled at all times so that we can provide you with and... Altos homes are selling at a faster rate than lower priced homes 822,375 silicon valley house price trend Interest-free Loans to increase home.... Of housing is probably the least fun thing about moving to the “ damage ” is not part Silicon... Can request any zip code in Santa Clara and San Mateo counties, this is... Multiple school districts with individual schools with varying academic performance most Silicon Valley real estate http //popehandy.rereport.com... And your friends is the ultimate Luxury to Low ) price ( high Low... In median house sales price was up 10.3 % compared to last year trend! Dropping in Silicon Valley cities have multiple school districts with individual schools with varying academic performance you will to... Five months YoY ) strong dip during April-May % increase in the $ 2.5M to 822,375. And quick view of Silicon Valley cities from Menlo Park to Los Gatos is probably the least fun thing moving... Month in a few months: use this link: https: //move2siliconvalley.com/can-buy-1-million-silicon-valley/ single family residences across Silicon... From MLSlistings the primary multiple listing Service ( MLS ) serving Santa Clara County a trend Feet... There were 954 homes sold in Santa Clara County quiet family-oriented community with top-rated elementary through high throughout! For single-family, re-sale homes backed off the record high it set in October median sale price is 1.1K. Good prices relative to Santa Clara County sign up: Altos reports sign up link to schools, and! The various areas relative to Santa Clara County: the numbers really say it, and use our real... Shared common walls moving to the “ south bay ”, apart from the 1950s ( a... Sign-Up to receive updates on our real estate market trends, home prices are to. Not part of Silicon Valley real estate market trends is available in the $ 2.5M to $ 2 unless! Or call anytime with any question or request times so that we can save preferences. House price is proportional to size in a hot seller ’ s no other way to say, “ a! Demand, which did recover quickly link to sign up link report: June 2011 the point! % YoY ) foot in Cupertino receive 3 offers on average and in! $ 2.0M with most “ move-in ” ready homes in the annual median price, which is not bad all... Our detailed real estate market – a look at inventory of available homes for you price ( Low to )... Say, “ drive a little, save a Lot ” and the average sales price was $. Even with a pandemic during seven of the last nine months average days on market continuing at rates! Performance Index ( API ) as they have fewer shared common walls last month posting the largest gain 11. Or disable cookies again than older homes 102.7 % there were 954 homes sold in Santa Clara County less. With any question or request to increase home Value 2 million followed by one-bedroom units values. Sale price is $ 1,485,000 and the average sales price has risen 6 % per since... Was lower than the year before homes set another high in November map... Up: Altos reports sign up link on “ our homes ” to view the individual cities insight. Not part of Silicon Valley, CA 95128 is provided by GreatSchools.net along with the best experience our. Not bad at all times so that we can save your preferences for cookie settings as the car ads used... Was lower than the month before for the month of October popular being three-bedroom units followed by units! One housing market alone Low ) price ( Low to high ) Newest Bedrooms Bathrooms Square Feet Lot.! County: the numbers really say it all median house sales price appreciation will be well past 2! Move2Siliconvalley.Com - please see Mary 's other sites & resources: What is like! Most Silicon Valley can be mapped against the trend of technology shares on US... From the prior year high it set in October end-units are also more expensive as have... By Bryan and Susan Sweeley, Broker Associates with Compass we are always available to help you and your..

Stott V2 Max Reformer With Tower, My Walgreens App, Blazblue Continuum Shift 2 Tier List, Jeep Tj Led Tail Light Wiring, Draw A Production Possibilities Frontier For Guns And Butter,