Joe Han - October 2024 Market Update

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KW Bay Area Estates

Santa Clara County

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San Mateo County

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San Francisco County

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Alameda County

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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.

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

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 1,055 closed sales at a median price of $1.6m. There was a total of 1,354 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,091.

October 2024

1,354

Average Price Per SqFt +26.9% Year-over-Year

$1,091 New Listings

+8 9% Year-over-Year

1,055

$1.6M

Year-over-Year +8 4% Year-over-Year

21 $2.1B Average Days-on-Market Total Volume +10.5% Year-over-Year +24 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

912 New Listings

767 Closed Sales

19 Average Days-on-Market

$1.9M

Median Sale Price

$1,197

Average Price Per SqFt

$1.7B 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.

442 New Listings

288 Closed Sales

26 Average Days-on Market

$1M Median Sale Price

$809 Average Price Per SqFt

$317M 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 457 closed sales at a median price of $1.6m. There was a total of 567 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,129.

October 2024

567

$1,129 New Listings

Average Price Per SqFt +20.9% Year-over-Year +6 2% Year-over-Year

457

$1.6M

29 $1.1B Average Days-on-Market Total Volume +11.5% Year-over-Year +29 3%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

424 New Listings

355 Closed Sales

28 Average Days-on-Market

$1.9M

Median Sale Price

$1,226

Average Price Per SqFt

$1B 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.

102 Closed Sales

33 Average Days-on Market $796 Average Price Per SqFt

$877K Median Sale Price

$104M 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 433 closed sales at a median price of $1.5m. There was a total of 547 new listings with an average of 33 days on the market without price reduction and with an average price per square foot of $1,049.

October 2024

547

+8.1% Year-over-Year

433

Average Price Per SqFt

$1,049 New Listings

+4 6% Year-over-Year

Median Sale Price

$1.5M Closed Sales

Year-over-Year +8 9% Year-over-Year

Average Days-on-Market

Total Volume 0% Year-over-Year

33 $839M

-24 1% 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

279 New Listings

242 Closed Sales

21 Average Days-on-Market

$1.7M

Median Sale Price

$1,041 Average Price Per SqFt

$562M 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.

268 New Listings

191 Closed Sales

47 Average Days-on Market

$1.2M Median Sale Price

$1,058 Average Price Per SqFt

$277M 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 987 closed sales at a median price of $1.1m. There was a total of 1,278 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $739.

October 2024

$739 New Listings

1,278

Average Price Per SqFt +21.4% Year-over-Year +1 7%Year-over-Year

987

Year-over-Year

$1.1M

5% 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

917 New Listings

Median Sale Price 768 Closed Sales $1B Total Volume

23 Average Days-on-Market $775 Average Price Per SqFt $1.2M

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.

Luxury

Dedicated to Succ

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.

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