August 2024 Market Report | Palo Alto Area

Page 1


Palo Alto area

Palo Alto Los Altos

Jump to Palo Alto Report

Redwood City

Jump to Redwood City Report

Portola Valley

Jump to Portola Valley Report

Menlo Park

Jump to Menlo Park Report

Atherton

Jump to Atherton Report

Jump to Los Altos Report

San Jose

Jump to San Jose Report

Mountain View

Jump to Mountain View Report

San Mateo County

Jump to San Mateo County Report

Santa Clara County

Jump to Santa Clara County Report

Monterey County

Jump to Monterey County Report

Santa Cruz County

Jump to Santa Cruz County Report

East Palo Alto

Jump to East Palo Alto Report

Sunnyvale

Jump to Sunnyvale Report

Santa Clara City

Jump to Santa Clara City Report

Saratoga

Jump to Saratoga Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

WhatEveryHomeownerShould KnowAboutTheirEquity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

PaloAlto

What's in the Palo Alto data?

There were 38 single-family homes for sale, providing 2 months of inventory. There were 36 new listings, and 24 homes sold at a median price of $3.7m. The median overbid percentage was at 100%, with an average of 25 days on the market.

There were 18 condo and townhome units for sale, providing 3.5 months of inventory. There were 14 new listings and 6 units sold at a median sale price of $1.1m. The median overbid percentage was at 100%, with an average of 35 days on the market.

Single-Family Homes

36 New Listings

24 Sold Listings

2 Months of Inventory

$3.7M Median Sale Price

100%

Median Sale vs List

25 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

New Listings

3.5

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 1m last July 2023, to $3 7m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1 6m last July 2023, to $1 1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last July 2023, to 25 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 53 days in July 2023, to 35 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101% last July 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last July 2023, to 100% a year later.

Redwood City

What's in the Redwood City data?

There were 49 single-family homes for sale, providing 1.5 months of inventory. There were 41 new listings, and 29 homes sold at a median price of $2m. The median overbid percentage was at 104%, with an average of 9 days on the market

There were 17 condo and townhome units for sale, providing 1.7 months of inventory. There were 15 new listings and 7 units sold at a median sale price of $1.1m. The median overbid percentage was at 100%, with an average of 39 days on the market.

Single-Family Homes

41 New Listings

29 Sold Listings

1.5 Months of Inventory

$2M Median Sale Price

104%

Median Sale vs List

9 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

15

New Listings

7

Sold Listings

1.7

Months of Inventory

100%

Median Sale vs List

$1.1M

Median Sale Price

39

Avg Days on Market

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 2m last July 2023, to $2m as of July 2024

Condos & Townhomes

The median sale price has remained the same from $1 1m last July 2023, to $1 1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last July 2023, to 9 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in July 2023, to 39 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last July 2023, to 104% a year later

Condos & Townhomes

The overbid percentage has decreased from 107% last July 2023, to 100% a year later.

Portola Valley

What's in the Porto data?

There were 19 single-family h providing 3.8 months of inve new listings, and 5 homes so of $4.3m. The median overbi 98%, with an average of 14 d

There was no data for condo for this month.

all single-family homes, 2023 to July 2024. This data was gathered. All data Copyright KW Advisors Palo Alto

No data for this month.

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 8m last July 2023, to $4 3m as of July 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 37 days last July 2023, to 14 days as of July 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 91% last July 2023, to 98% a year later

Condos & Townhomes

No data for this month

Menlo

What's in the Menl

There were 18 single-family h providing 0.6 months of inve new listings, and 30 homes s of $2.9m. The median overbi 101%, with an average of 25

There were 18 condo and tow sale, providing 1.8 months of were 16 new listings and 3 u sale price of $1.2m. The med percentage was at 98%, with days on the market.

all single-family homes, 2023 to July 2024. This data was gathered. All data

Copyright KW Advisors Palo Alto

16

New Listings

3 Sold Listings

1.8

Months of Inventory

$1.2M

Median Sale Price 98%

Median Sale vs List

43 Avg Days on Market

MenloPark

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 6m last July 2023, to $2 9m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1 3m last July 2023, to $1 2m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last July 2023, to 25 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 46 days in July 2023, to 43 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99% last July 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has remained the same from 98% last July 2023, to 98% a year later.

Atherton

What's in the Atherton data?

There were 23 single-family homes for sale, providing 4.6 months of inventory. There wer new listings, and 7 homes sold at a median p of $6.1m. The median overbid percentage wa 97%, with an average of 14 days on the mark

There was no data for condo and townhouse for this month.

CONDO Condo & Townhomes

No data for this month.

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $5 3m last July 2023, to $6 1m as of July 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 93 days last July 2023, to 14 days as of July 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has increased from 86% last July 2023, to 97% a year later

Condos & Townhomes

No data for this month

LosAltos

What's in the Los Altos data?

There were 17 single-family homes for sale, providing 0.9 months of inventory. There were 24 new listings, and 31 homes sold at a median price of $4.6m. The median overbid percentage was at 102%, with an average of 15 days on the market.

There were 16 condo and townhome units for sale, providing 2 months of inventory. There were 7 new listings and 3 units sold at a median sale price of $1.8m. The median overbid percentage was at 104%, with an average of 8 days on the market.

Single-Family Homes

24 ew Listings

31 Sold Listings

0.9 Months of Inventory

$4.6M Median Sale Price

102% Median Sale vs List

15 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

7

New Listings

3 Sold Listings

2 Months of Inventory

$1.8M

Median Sale Price 104%

Median Sale vs List

8 Avg Days on Market

LosAltos

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $4 1m last July 2023, to $4 6m as of July 2024

Condos & Townhomes

The median sale price has decreased from $2m last July 2023, to $1 8m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 17 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 44 days in July 2023, to 8 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 102% last July 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last July 2023, to 104% a year later.

SanJose

What's in the San Jose data?

There were 335 single-family homes for sale, providing 0.9 months of inventory. There were 383 new listings, and 373 homes sold at a median price of $1.6m. The median overbid percentage was at 104% with an average of 15 days on the market.

There were 214 condo and townhome units for sale, providing 1 7 months of inventory There were 179 new listings and 129 units sold at a median sale price of $800k. The median overbid percentage was at 102%, with an average of 23 days on the market.

Single-Family Homes

383 New Listings

373 Sold Listings

0.9 Months of Inventory

$1.6M Median Sale Price

104% Median Sale vs List

15 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

179

New Listings

129

Sold Listings

1.7

Months of Inventory

$800K

Median Sale Price

102%

Median Sale vs List

23 Avg Days on Market

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 62m last July 2023, to $1 66m as of July 2024

Condos & Townhomes

The median sale price has decreased from $804k last July 2023, to $800k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 16 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 20 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105% last July 2023, to 104% a year later

Condos & Townhomes

The overbid percentage has remained the same from 102% last July 2023, to 102% a year later.

Mountain View

What's in the Mountain View data?

There were 9 single-family homes for sale, providing 0.6 months of inventory. There were 16 new listings, and 18 homes sold at a median price of $2.3m. The median overbid percentage was at 102% with an average of 15 days on the market

There were 40 condo and townhome units for sale, providing 1.9 months of inventory. There were 33 new listings and 16 units sold at a median sale price of $1.1m. The median overbid percentage was at 104%, with an average of 23 days on the market.

Single-Family Homes

16 New Listings

18 Sold Listings

0.6 Months of Inventory

$2.3M Median Sale Price

102% Median Sale vs List

15 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

33

New Listings

16

Sold Listings

1.9

Months of Inventory

104%

Median Sale vs List

$1.1M

Median Sale Price

23

Avg Days on Market

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 4m last July 2023, to $2 3m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1 189m last July 2023, to $1 182m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 21 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104% last July 2023, to 102% a year later

Condos & Townhomes

The overbid percentage has increased from 101% last July 2023, to 104% a year later.

SanMateo County

What's in the San Mateo County data?

There were 447 single-family homes for sale, providing 1.5 months of inventory. There were 371 new listings, and 314 homes sold at a median price of $2m. The median overbid percentage was at 103 1%, with an average of 22 days on the market.

There were 252 condo and townhome units for sale, providing 2.8 months of inventory. There were 145 new listings and 99 units sold at a median sale price of $1m. The median overbid percentage was at 100%, with an average of 28 days on the market

He-Family Homes

1 ings

314 Sold Listings

5 of Inventory

$2M Median Sale Price

3.1% Sale vs List

22 Avg Days on Market

sourced from InfoSparks and Trend Graphix, includes all single-family homes, townhomes in the California Area above from July 2023 to July 2024. This preliminary data, and may vary from the time the data was gathered. All data reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

145

New Listings

99

Sold Listings

2.8

Months of Inventory

$1M

Median Sale Price 100%

Median Sale vs List

28 Avg Days on Market

SanMateo

JULY 2023 - JULY 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last July 2023, to $2m as of July 2024

Condos & Townhomes

The median sale price has increased from $923k last July 2023, to $1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last July 2023, to 22 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 33 days in July 2023, to 28 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 5% last July 2023, to 103 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.8% last July 2023, to 100% a year later.

Sant Cou

What's in t

County da

There were 828 providing 1.3 mo new listings, and price of $1.8m. T was at 103 3%, w market.

There were 526 sale, providing 1 were 418 new lis median sale pric percentage was days on the mar

homes, This data Alto

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last July 2023, to $1 8m as of July 2024

Condos & Townhomes

The median sale price has decreased from $956k last July 2023, to $950k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 17 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 24 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 3% last July 2023, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.7% last July 2023, to 100.7% a year later.

Monter County

What's in the Mon data?

There were 406 single-family providing 2.6 months of inve new listings, and 139 homes price of $945k. The median o was at 95%, with an average market.

There were 63 condo and tow sale, providing 3 months of in 31 new listings and 23 units price of $710k. The median o was at 95%, with an average market

all single-family homes, 2023 to July 2024. This data was gathered. All data

Copyright KW Advisors Palo Alto

Months of Inventory 95%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $949k last July 2023, to $945k as of July 2024

Condos & Townhomes

The median sale price has decreased from $875k last July 2023, to $710k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last July 2023, to 42 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in July 2023, to 65 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 90% last July 2023, to 95% a year later

Condos & Townhomes

The overbid percentage has decreased from 98% last July 2023, to 95% a year later.

SantaC County

What's in the Sant County data?

There were 308 single-family providing 2.3 months of inve new listings, and 128 homes price of $1.3m. The median o was at 98%, with an average market

There were 80 condo and tow sale, providing 3.1 months of were 38 new listings and 33 sale price of $730k. The med percentage was at 98%, with days on the market.

all single-family homes, 2023 to July 2024. This data was gathered. All data

Copyright KW Advisors Palo Alto

New Listings

3.1

Months of Inventory 98%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 3m last July 2023, to $1 37m as of July 2024

Condos & Townhomes

The median sale price has decreased from $805k last July 2023, to $730k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last July 2023, to 30 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 61 days in July 2023, to 40 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 98% last July 2023, to 98% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last July 2023, to 98% a year later.

East PaloAlto

What's in the East Palo Alto data?

There were 8 single-family homes for sale, providing 0.9 months of inventory. There were 7 new listings, and 11 homes sold at a median price of $1.1m. The median overbid percentage was at 103%, with an average of 38 days on the market

There were 2 condo and townhome units for sale, providing 2 months of inventory. There was 1 new listing and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market.

New Listing

2 Months of Inventory 0%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 6m last July 2023, to $1 1m as of July 2024

Condos & Townhomes

The median sale price has decreased from $695k last July 2023, to $0 as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 3 days last July 2023, to 38 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 258 days in July 2023, to 0 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107% last July 2023, to 103% a year later

Condos & Townhomes

The overbid percentage has decreased from 87% last July 2023, to 0% a year later.

Sunnyvale

What's in the Sunnyvale data?

There were 26 single-family homes for sale, providing 0.5 months of inventory. There were 48 new listings, and 58 homes sold at a median price of $2.5m. The median overbid percentage was at 111% with an average of 9 days on the market.

There were 26 condo and townhome units for sale, providing 0.9 months of inventory. There were 30 new listings and 28 units sold at a median sale price of $1.3m. The median overbid percentage was at 105%, with an average of 16 days on the market.

Single-Family Homes

48 New Listings

58 Sold Listings

0.5 Months of Inventory

$2.5M Median Sale Price

111% Median Sale vs List

9 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

30

New Listings

28 Sold Listings

0.9

Months of Inventory

$1.3M

Median Sale Price 105%

Median Sale vs List 16 Avg Days on Market

Sunnyvale

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 3m last July 2023, to $2 5m as of July 2024

Condos & Townhomes

The median sale price has increased from $1 2m last July 2023, to $1 3m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last July 2023, to 9 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 10 days in July 2023, to 16 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106% last July 2023, to 111% a year later

Condos & Townhomes

The overbid percentage has remained the same from 105% last July 2023, to 105% a year later.

SantaClara City

What's in the Santa Clara City data?

There were 25 single-family homes for sale, providing 0.8 months of inventory. There were 36 new listings, and 39 homes sold at a median price of $1.9m. The median overbid percentage was at 106%, with an average of 15 days on the market

There were 32 condo and townhome units for sale, providing 1.2 months of inventory. There were 28 new listings and 30 units sold at a median sale price of $848k. The median overbid percentage was at 102%, with an average of 30 days on the market.

Single-Family Homes

36 New Listings

39 Sold Listings

0.8 Months of Inventory

$1.9M Median Sale Price

106% Median Sale vs List

15 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from July 2023 to July 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

28

New Listings

30 Sold Listings

1.2

Months of Inventory

$848K

Median Sale Price

102%

Median Sale vs List

30 Avg Days on Market

SantaClaraCity

JULY 2023 - JULY 2024

LISTINGS FOR SALE SOLD LISTINGS

ngle-Family Homes

st 12 months, year-over-year.

ondos & Townhomes

st 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 6m last July 2023, to $1 9m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1m last July 2023, to $848k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 10 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 18 days in July 2023, to 30 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 108% last July 2023, to 106% a year later

Condos & Townhomes

The overbid percentage has decreased from 103% last July 2023, to 102% a year later.

Saratoga

What's in the Saratoga data

There were 31 single-family homes for sal providing 1.4 months of inventory. There w new listings, and 28 homes sold at a medi of $4m. The median overbid percentage w 105%, with an average of 13 days on the m

There was 1 condo and townhome unit for providing 0.3 months of inventory. There w new listing and 2 units sold at a median sa of $1.2m. The median overbid percentage 108%, with an average of 12 days on the m

28 Sold Listings

$4M

Median Sale Price

13 Avg Days on Market

Trend Graphix, includes all single-family homes, Area above from July 2023 to July 2024. This vary from the time the data was gathered. All data DRE# 01511642. Copyright KW Advisors Palo Alto 2024. Each office is independently owned and operated.

Condo & Townhomes

1

New Listing

2 Sold Listings

0.3

Months of Inventory

$1.2M

Median Sale Price 108%

Median Sale vs List 12 Avg Days on Market

JULY 2023 - JULY 2024

y Homes ths, year-over-year.

ownhomes ths, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3 7m last July 2023, to $4m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1 4m last July 2023, to $1 2m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last July 2023, to 13 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 18 days in July 2023, to 12 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last July 2023, to 105% a year later

Condos & Townhomes

The overbid percentage has increased from 101% last July 2023, to 108% a year later.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.