Joseph Karakas - December 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)

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.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 31 closed sales at a median price of $1.8m. There was a total of 29 new listings with an average of 46 days on the market without price reduction and with an average price per square foot of $1,068.

What's in the Los Gatos/Monte Sereno data?

29

2024

$1,068 Average Price Per SqFt

+107.1% Year-over-Year -8 6% Year-over-Year 31 $1.8M Median Sale Price +63.2% Year-over-Year -36 8% Year-over-Year

46 $63.7M Total Volume +9.5% Year-over-Year +22 9% Year-over-Year

19 New Listings

57 Average Days-on-Market

$2.9M

Median Sale Price

13 Closed Sales

$1,283

Average Price Per SqFt

$39.2M

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

10 New Listings

39 Average Days-on Market

$1.4M Median Sale Price

18 Closed Sales

$913 Average Price Per SqFt

$24.5M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 41 closed sales at a median price of $1.7m. There was a total of 33 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,144.

in the Cambrian (San Jose) data?

December 2024

New Listings Closed Sales

33

+37.5% Year-over-Year

Average Price Per SqFt

$1,144

+12.2% Year-over-Year

41

$1.7M Median Sale Price -2.4% Year-over-Year

+4 6% Year-over-Year

Average Days-on-Market

23

$70M Total Volume +76.9% Year-over-Year

+0 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

SqFt

$66.9M Total Volume

Condo & Townhomes

6 New Listings

45 Average Days-on Market

$829K Median Sale Price

4 Closed Sales

$796 Average Price Per SqFt

$3.1M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $3.4m. There was a total of 16 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,585.

December 2024

16

+60% Year-over-Year

$1,585 Average Price Per SqFt

+7 9% Year-over-Year

24

$3.4M Median Sale Price +50% Year-over-Year

+10% Year-over-Year

17

$89.3M Total Volume +6.3% Year-over-Year

+70% 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 New Listings

Listings

21 Closed Sales

17 Average Days-on-Market $1,679

Average Price Per SqFt $3.7M

Median Sale Price

$84.5M

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

3 New Listings

20 Average Days-on Market

$1.3M Median Sale Price

3 Closed Sale

$927 Average Price Per SqFt

$4.8M Total Volume

Santa Clara County

What's

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.

in the Santa Clara County data?

December 2024

554

+37.1% Year-over-Year

$1,028 Average Price Per SqFt

+4 4% Year-over-Year

833 $1.5M Median Sale Price +24.7% Year-over-Year +7 9% Year-over-Year

30 $1.5B Total Volume +20% Year-over-Year +41 3% 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

398 New Listings

26

Average Days-on-Market

$1.8M

Median Sale Price 559 Closed Sales

$1,148

Average Price Per SqFt

$1.2B

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

156 New Listings

36 Average Days-on Market

$1M Median Sale Price

274 Closed Sales

$785 Average Price Per SqFt

$294.6M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $2.4m. There was a total of 13 new listings with an average of 39 days on the market without price reduction and with an average price per square foot of $984.

Almaden Valley (San Jose) data?

December 2024

13

+116.7% Year-over-Year

$984 Average Price Per SqFt

+10 7% Year-over-Year

23

$2.4M Median Sale Price +15% Year-over-Year +7 5 Year-over-Year

39

$56.6M Total Volume +85.7% Year-over-Year

+21% 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

Sales

42 Average Days-on-Market $988 Average Price Per SqFt $2.4M Median Sale Price 20

$53.1M

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

1 New Listing

22 Average Days-on Market

$1.1M Median Sale Price

3 Closed Sales

$962 Average Price Per SqFt

$3.5M Total Volume

Blossom Valley (San

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 58 closed sales at a median price of $1.3m. There was a total of 29 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $846.

the Blossom Valley (San Jose) data?

December 2024

29

+11.5% Year-over-Year

Average Price Per SqFt

$846 New Listings

+9 9% Year-over-Year

58

$1.3M Closed Sales Median Sale Price +20.8% Year-over-Year

+5 1% Year-over-Year

25

+56.3% Year-over-Year

Total Volume

$71.3M Average Days-on-Market

+21 9% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County 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

3

35 Average Days-on Market

$630K Median Sale Price

21 Closed Sales

$652 Average Price Per SqFt

$13.8M Total Volume

Luxury Listings for Sale

BY MONTH, YEAR-OVER-YEAR

(+$3,000,000 & Above)

Current Year

Previous Year

Luxury Contracts Signed

BY MONTH, YEAR-OVER-YEAR

(+$3,000,000 & Above)

Current Year

Previous Year

Nodatatodispla
Nodatatodispla

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 18 closed sales at a median price of $850k. There was a total of 7 new listings with an average of 44 days on the market without price reduction and with an average price per square foot of $829.

December 2024

7

$829 Average Price Per SqFt -22.2% Year-over-Year -17 1% Year-over-Year

18

$850K Median Sale Price -10% Year-over-Year -47 3%% Year-over-Year

44 $21M Total Volume +109.5% Year-over-Year -27 9% 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

Family Homes

3 New Listings

62 Average Days-on-Market

4 Closed Sales

$1,086

Average Price Per SqFt $2.3M

Median Sale Price

$9.7M

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

39 Average Days-on Market

$706K Median Sale Price

14 Closed Sales $11.2M Total Volume

$756 Average Price Per SqFt

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $2.6m. There was a total of 12 new listings with an average of 12 days on the market without price reduction and with an average price per square foot of $1,472.

December 2024

12

$1,472 Average Price Per SqFt -7.7% Year-over-Year -3 4% Year-over-Year

24

$2.6M Median Sale Price +26.3% Year-over-Year +1% Year-over-Year

12 $65.6M Total Volume -66.7% Year-over-Year

+33% 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

9 New Listings

13 Closed Sales

7 Average Days-on-Market $1,692

Average Price Per SqFt $3.4M

Median Sale Price

$45.7M

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.

Condo & Townhomes

3

New Listings

11 Closed Sales

18 Average Days-on Market

$1.8M Median Sale Price

$1,211 Average Price Per SqFt

$19.8M 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 20 closed sales at a median price of $4.9m. There was a total of 6 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,937.

December 2024

6

0% Year-over-Year

Average Price Per SqFt

$1,937

+34 7% Year-over-Year

20

$4.5M Median Sale Price +53.9% Year-over-Year

+45 7% Year-over-Year

22

$99.6M Total Volume -31.3% Year-over-Year

+134 7% 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

Family Homes

4 New Listings

18 Average Days-on-Market

19 Closed Sales

$1,946

Average Price Per SqFt $5M

Median Sale Price

$97.2M

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

2 New Listings

1 Closed Sale

82 Average Days-on Market

$2.3M Median Sale Price

$1,772 Average Price Per SqFt

$2.3M Total Volume

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 27 closed sales at a median price of $1.3m. There was a total of 13 new listings with an average of 32 days on the market without price reduction and with an average price per square foot of $818.

Santa Teresa (San Jose) data?

December 2024

13

+62.5% Year-over-Year

$818 Average Price Per SqFt

+0 1% Year-over-Year

27

$1.3M Median Sale Price +58.8% Year-over-Year +11 4% Year-over-Year

32

$36.7M Total Volume +88.2% Year-over-Year

+81% 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

8 New Listings

29 Average Days-on-Market $890 Average Price Per SqFt $1.4M

$29.2M

Total Volume

Median Sale Price 20 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

5 New Listings

41 Average Days-on Market

$1M Median Sale Price

7 Closed Sales

$612 Average Price Per SqFt

$7.4M Total Volume

Luxury Listings for

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 39 closed sales at a median price of $1.6m. There was a total of 29 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,118.

Clara City data?

December 2024

29

+45% Year-over-Year

Average Price Per SqFt

$1,118 New Listings

+14 1% Year-over-Year

39

+9.3% Year-over-Year

$1.6M Closed Sales Median Sale Price

+18% Year-over-Year

24

$65.5M Average Days-on-Market Total Volume -7.7% Year-over-Year

+3 7% 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

17 Average Days-on-Market $1,353 Average Price Per SqFt $1.9M

$48.9M

Total Volume

Median Sale Price 23 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.

34 Average Days-on Market

$1.2M Median Sale Price

16 Closed Sales

$779 Average Price Per SqFt

$18.5M Total Volume

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 38 closed sales at a median price of $1m. There was a total of 20 new listings with an average of 26 days on the market without price reduction and with an average price per square foot of $741.

December 2024

20

-13% Year-over-Year

Average Price Per SqFt

$741 New Listings

+8 2% Year-over-Year

38

$1M Closed Sales Median Sale Price +72.7% Year-over-Year

+5 8% Year-over-Year

26 $39M Average Days-on-Market Total Volume -3.7% Year-over-Year

+81 7% 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

23 Average Days-on-Market $806 Average Price Per SqFt $1.2M

$30.5M

Total Volume

Median Sale Price 25 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.

31 Average Days-on Market

$655K Median Sale Price

13 Closed Sales

$618 Average Price Per SqFt

$8.9M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 51 closed sales at a median price of $1.8m. There was a total of 32 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,229.

December 2024

32

+39.13% Year-over-Year

Average Price Per SqFt

$1,229 New Listings

+4 6% Year-over-Year

51

$1.8M Closed Sales Median Sale Price +34.2% Year-over-Year

+15 8% Year-over-Year

+31.8% Year-over-Year

Total Volume

29 $106M Average Days-on-Market

+63 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

27 Average Days-on-Market $1,456 Average Price Per SqFt $2.4M Median Sale Price 30 Closed Sales

$74.1M

Total Volume

15 New Listings

32 Average Days-on Market

$1.6M Median Sale Price

21 Closed Sales

$904 Average Price Per SqFt

$32.5M Total Volume

Willow Glen (San Jos

The market for Single Family Homes, Condo, and Townhomes units saw 41 closed sales at a median price of $2.1m. There was a total of 29 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $1,086.

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

December 2024

29

+81.3% Year-over-Year

Average Price Per SqFt

$1,086 New Listings

+3 5% Year-over-Year

41

$2.1M Closed Sales

28

Median Sale Price +13.9% Year-over-Year

Total Volume +12% Year-over-Year

$86.6M Average Days-on-Market

+29 5% Year-over-Year

+25 4% 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

SqFt

Condo & Townhomes

5 New Listings

73 Average Days-on Market

$1M Median Sale Price

5 Closed Sales

$760 Average Price Per SqFt

$4.9M Total Volume

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