December 2024 Market Update - Joe Han

Page 1


KW Bay Area Estates

Santa Clara County

Jump to Santa Clara County Report

San Mateo County

Jump to San Mateo County Report

San Francisco County

Jump to San Francisco County Report

Alameda County

Jump to Alameda County Report

What’s your home really worth in today’s market?

That's really 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. At the end of the day, 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?

I can help...

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

HowToMakeItHappenin2025

This is the time when a lot of people take a moment to reflect and set their goals for this year. And as you picture what you want your 2025 to look like, one thing that may pop into your mind is the vision of you in a new home. But how do you get there? And where do you start?

Here’s some advice that can help you get the ball rolling.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 833 closed sales at a median price of $1.5m. There was a total of 554 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $1,028.

December 2024

554

Average Price Per SqFt +37.1% Year-over-Year

$1,028 New Listings

+4 4% Year-over-Year

833

Year-over-Year

$1.5M

9% Year-over-Year

30 $1.5B

Average Days-on-Market Total Volume +20% Year-over-Year +41 3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

398 New Listings

559 Closed Sales

26 Average Days-on-Market

$1.8M

Median Sale Price

$1,148 Average Price Per SqFt

$1.2B Total Volume

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings. The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

36 Average Days-on Market

$1M Median Sale Price

274 Closed Sales

$785 Average Price Per SqFt

$294M Total Volume

Luxury Listings for Sale

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 334 closed sales at a median price of $1.4m. There was a total of 176 new listings with an average of 40 days on the market without price reduction and with an average price per square foot of $1,050.

December 2024

176

$1,050 New Listings

Average Price Per SqFt +22.2% Year-over-Year +4 1% Year-over-Year

334

$1.4M

4% Year-over-Year

40 $622M Average Days-on-Market Total Volume +11.1% Year-over-Year -2 8% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

128 New Listings

234 Closed Sales

34 Average Days-on-Market

$1.7M

Median Sale Price

$1,173

Average Price Per SqFt

$522M Total Volume

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings. The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

48 New Listings

100 Closed Sales

53 Average Days-on Market

$887K Median Sale Price

$763 Average Price Per SqFt

$99M Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 269 closed sales at a median price of $1.3m. There was a total of 152 new listings with an average of 54 days on the market without price reduction and with an average price per square foot of $967.

December 2024

152

Average Price Per SqFt +32.2% Year-over-Year

$967 New Listings

+0 8% Year-over-Year

269

Year-over-Year

$1.3M

7% Year-over-Year

54 $412M Average Days-on-Market

Volume

Year-over-Year +3 5% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

80 New Listings

32 Average Days-on-Market

$1.5M

Median Sale Price

$934 Average Price Per SqFt

132 Closed Sales $231M Total Volume

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings. The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

72 New Listings

137 Closed Sales

75 Average Days-on Market

$1M Median Sale Price

$998 Average Price Per SqFt

$181M Total Volume

Luxury Listings for Sale

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 735 closed sales at a median price of $1m. There was a total of 479 new listings with an average of 36 days on the market without price reduction and with an average price per square foot of $702.

December 2024

479

+26.4% Year-over-Year

Average Price Per SqFt

$702 New Listings

+1 5% Year-over-Year

735

Year-over-Year

5% Year-over-Year

36

$865M Average Days-on-Market

Volume

Year-over-Year +18 7% Year-over-Year

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Listings

34 Average Days-on-Market

$733 Average Price Per SqFt $1.1M

Median Sale Price 567 Closed Sales

$730M Total Volume

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings. The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

168 Closed Sales

44 Average Days-on Market $597 Average Price Per SqFt

$799K Median Sale Price

$135M Total Volume

Luxury Listings for Sale

Dedicated to Su

Being an independently owned and operated franchise of Keller Williams, KW Bay Area Estates has the position as the Bay Area’s foremost luxury real estate services firm with the execution of best-in-class customer service. KWBAE’s unparalleled team consists of more than 250 associates and professionals strategically located in Los Gatos and Saratoga. Under the same ownership, we have our division of KW South Bay Commercial.

With uncompromising principles, KW Bay Area Estates has established a new standard of excellence within the industry. The company’s growth has been strategic and exciting. Since its inception, the team has successfully represented more than 9,000 transactions, totaling more than $12 billion in total sales.

Dedicated to upholding unparalleled standards for integrity and client care, they strive to create a culture where agents thrive while developing their own businesses to their maximum potential. KW Bay Area Estates has given their agents over $2.6 million in profit share.

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.