Joseph Karakas - August 2024 Market Update

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KW Bay Area Estates

LosGatos/MonteSereno

Jump to Los Gatos/Monte Sereno Report

Jump to Cambrian (San Jose) Report Cambrian(SanJose)

Jump to Saratoga Report Saratoga

Jump to Santa Clara County Report SantaClaraCounty

Jump to Almaden Valley (San Jose) Report Almaden Valley (San Jose)

Jump to Blossom Valley (San Jose) Report BlossomValley(SanJose)

Jump to Campbell Report Campbell

Jump to Cupertino Report Cupertino

Jump to Los Altos Report LosAltos

Jump to Santa Teresa (San Jose) Report Santa Teresa (San Jose)

Jump to Santa Clara City Report SantaClaraCity

Jump to South San Jose Report SouthSanJose

Jump to Sunnyvale Report Sunnyvale

Jump to Willow Glen (San Jose) Report WillowGlen(SanJose)

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.

An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:

Los Gatos/Monte Ser

What's in the Los Gatos/Monte

data?

The market for Single Family Homes, Condo, and Townhomes units saw 28 closed sales at a median price of $2.7m. There was a total of 61 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,211.

Sereno

August 2024

0% Year-over-Year

Average Price Per SqFt

$1,211

+3% Year-over-Year

28

$2.7M Median Sale Price -24.3% Year-over-Year +12 6% Year-over-Year

Average Days-on-Market

18

$81.6M Total Volume -28% Year-over-Year -18 5% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings The most recent month’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

38 New Listings

20 Average Days-on-Market

21 Closed Sales

$1,275

Average Price Per SqFt $3.2M

Median Sale Price

$68.5M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

New Listings

7 Closed Sales

12 Average Days-on Market

$1.7M Median Sale Price

$1,017 Average Price Per SqFt

$13.1M Total Volume

Luxury Listings for Sale

BY MONTH, YEAR-OVER-YEAR

Cambrian (San Jose)

What's in the Cambrian (San Jose) data?

The market for Single Family Homes, Condo, and Townhomes units saw 52 closed sales at a median price of $1.7m. There was a total of 57 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $1,110.

16

$90.4M Total Volume +33.3% Year-over-Year -2 4% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are New Listings Closed Sales Average Days-on-Market

Listings

15 Average Days-on-Market $1,171 Average Price Per SqFt $1.7M Median Sale Price 44 Closed Sales

$82.1M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

6 New Listings

18 Average Days-on Market

$1.1M Median Sale Price

8 Closed Sales

$771 Average Price Per SqFt

$8.2M Total Volume

Luxury Listings for Sale

Saratoga

What's

in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 28 closed sales at a median price of $4m. There was a total of 32 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,416.

August 2024

32

+88.2% Year-over-Year

28

$1,416 Average Price Per SqFt

+2 2% Year-over-Year

$4M Median Sale Price +27.3% Year-over-Year +1 5%% Year-over-Year

24 $110.5M Total Volume +26.3% Year-over-Year

+15 8% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings The most recent month’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

28 New Listings

23 Closed Sales

23 Average Days-on-Market $1,508

Average Price Per SqFt $4.2M

Median Sale Price

$103.2M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

4 New Listings

30 Average Days-on Market

$1.4M Median Sale Price

5 Closed Sales

$994 Average Price Per SqFt

$7.3M Total Volume

Luxury Listings for Sale

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,043 closed sales at a median price of $1.5m. There was a total of 1,469 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,066.

August 2024

1,469

+16% Year-over-Year

Average Price Per SqFt

$1,066

+4 2% Year-over-Year

1,043 $1.5M Median Sale Price +1.7% Year-over-Year +4 6% Year-over-Year

20 $1.9B Total Volume +11.1% Year-over-Year

+4 8% Year-over-Year

293 Closed Sales

$808 Average Price Per SqFt

9.8M

Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the Almaden Valley (San Jose) data?

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $2m. There was a total of 39 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $957.

21

Days-on-Market

$48.9M Total Volume +23.5% Year-over-Year -32% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

36 New Listings

20 Closed Sales

22 Average Days-on-Market $1,002

Average Price Per SqFt $2.3M

Median Sale Price

$43.7M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

4 Closed Sales

$734 Average Price Per SqFt

$5.2M

Total Volume

Blossom Valley (San

What's in the Blossom Valley (San Jose) data?

The market for Single Family Homes, Condo, and Townhomes units saw 69 closed sales at a median price of $1.3m. There was a total of 78 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $854.

17

+41.7% Year-over-Year

Total Volume

$89.5M Average Days-on-Market

+18% Year-over-Year

sourced from MLS Listings The most recent month’s m sources deemed reliable but may contain errors and

27 Average Days-on Market

$683K Median Sale Price

17 Closed Sales $11.7M Total Volume

$652 Average Price Per SqFt

Luxury Listings for Sale

BY MONTH, YEAR-OVER-YEAR

(+$3,000,000 & Above)

Luxury Contracts Signed

BY MONTH, YEAR-OVER-YEAR

(+$3,000,000 & Above)

Nodatatodispla
Nodatatodispla

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 34 closed sales at a median price of $1.8m. There was a total of 42 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,091.

20

Days-on-Market

$60.3M Total Volume +81.8% Year-over-Year -14% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

32 New Listings

20 Average Days-on-Market

$2M

Median Sale Price

22 Closed Sales

$1,232

Average Price Per SqFt

$47.5M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

10 New Listings

18 Average Days-on Market

$1M Median Sale Price

12 Closed Sales

$833 Average Price Per SqFt

$12.7M Total Volume

Luxury Listings for Sale

Cupertino

What's

in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 37 closed sales at a median price of $3m. There was a total of 46 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,447.

20

$99.6M Total Volume +66.7% Year-over-Year

+30 3% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

30 New Listings

18 Average Days-on-Market

24 Closed Sales

$1,625

Average Price Per SqFt $3.4M

Median Sale Price

$81.5M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

16 New Listings

13 Closed Sales

23 Average Days-on Market

$1.2M Median Sale Price

$1,119 Average Price Per SqFt

$18.1M Total Volume

Luxury Listings for Sale

Los Altos

What's

in the Los Altos data?

The market for Single Family Homes, Condo, and Townhomes units saw 33 closed sales at a median price of $4.1m. There was a total of 39 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,777.

r

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are New Listings Closed Sales Average Days-on-Market

29

Total Volume +31.8% Year-over-Year

$135.4M

+36 5% Year-over-Year

Listings

21 Average Days-on-Market $1,926 Average Price Per SqFt $4.2M

$121.5M

Total Volume

Median Sale Price 26 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

Condo & Townhomes

8 New Listings

58 Average ays-on Market

1.3M ian Sale Price

$1,222 Average Price Per SqFt

7 Closed Sales $13.8M Total Volume

Luxury Listings for Sale

Santa Teresa (San Jo

What's in the Santa Teresa (San Jose) data?

The market for Single Family Homes, Condo, and Townhomes units saw 35 closed sales at a median price of $1.4m. There was a total of 33 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $850.

r

18 $48M Total Volume +12.5% Year-over-Year +56 8% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

31 Average Days-on Market

$955K Median Sale Price

8 Closed Sales

$674 Average Price Per SqFt

$7.9M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the Santa Clara City data?

The market for Single Family Homes, Condo, and Townhomes units saw 61 closed sales at a median price of $1.8m. There was a total of 86 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,229.

Average Days-on-Market

18

+38.5% Year-over-Year

Total Volume

$107.3M

+17 9% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

Median Sale Pr

Data includes all single sourced from MLS Listings. numbers but may change but may contain errors and are subject to revision.

O mes

1 les

26 rice SqFt

Luxury Listings for Sale

South San Jose

What's in the South San Jose data?

The market for Single Family Homes, Condo, and Townhomes units saw 31 closed sales at a median price of $1m. There was a total of 59 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $742.

23

$32.2M Average Days-on-Market

Total Volume +9.5% Year-over-Year -21 1% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

$659 Average Price Per SqFt 12 Closed Sales

$10.7M

Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 79 closed sales at a median price of $1.8m. There was a total of 84 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,292.

Average Days-on-Market

20

+42.9%% Year-over-Year

Total Volume

$163.3M

+19 4% Year-over-Year

ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are

Sales

$886 Average Price Per SqFt 30

$36.5M

Total Volume

Luxury Listings for Sale

Willow Glen (San Jos

What's in the Willow Glen (San Jose) data?

The market for Single Family Homes, Condo, and Townhomes units saw 56 closed sales at a median price of $1.9m. There was a total of 72 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,089.

August 2024

New Listings

72

-11.1% Year-over-Year

Average Price Per SqFt

$1,089

+5 9% Year-over-Year

56

Median Sale Price -3.5% Year-over-Year

$1.9M Closed Sales

+5 3% Year-over-Year

Average Days-on-Market

21

Total Volume +10.5% Year-over-Year

$114.6M

+2 1% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings The most recent month’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

21 Average Days-on-Market $1,114 Average Price Per SqFt $1.9M Median Sale Price 54 Closed Sales

$110.3M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’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.

20 New Listings

13 Average Days-on Market

$1M Median Sale Price

4 Closed Sales

$763 Average Price Per SqFt

$4.2M Total Volume

Luxury Listings for Sale

Dedicated to Su

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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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