Joseph Karakas - January 2025 Market Update

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KW Bay Area Estates

LosGatos/MonteSereno

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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 24 closed sales at a median price of $2.6m. There was a total of 57 new listings with an average of 39 days on the market without price reduction and with an average price per square foot of $,1412.

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

January 2025

57

+137.5% Year-over-Year

Average Price Per SqFt

$1,412

+26 9% Year-over-Year

24

$2.6M Median Sale Price +71.4% Year-over-Year

+21% Year-over-Year

39

+18.2% Year-over-Year

$68.1M Total Volume

+89 2% 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

SqFt

$58.1M Total Volume

Data

20 New Listings

30 Average Days-on Market

$1.4M Median Sale Price

7 Closed Sales

$992 Average Price Per SqFt

$10M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

The market for Single Family Homes, Condo, and Townhomes units saw 24 closed sales at a median price of $1.7m. There was a total of 49 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $1,161.

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

January 2025

New Listings Closed Sales

49

+32.4% Year-over-Year

Average Price Per SqFt

$1,161

+4.5% Year-over-Year

24

$1.7M Median Sale Price +9.1% Year-over-Year -1 7% Year-over-Year

Average Days-on-Market

16

$40.8M Total Volume +23.1% Year-over-Year -4 2% 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

40 New Listings

10 Average Days-on-Market

$1.8M

Median Sale Price

20 Closed Sales

$1,254

Average Price Per SqFt

$38.5M

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.

48 Average Days-on Market

$578K Median Sale Price

4 Closed Sales

$699 Average Price Per SqFt

$2.3M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 19 closed sales at a median price of $4.2m. There was a total of 34 new listings with an average of 16 days on the market without price reduction and with an average price per square foot of $1,572.

January 2025

34

+126.7% Year-over-Year

$1,572 Average Price Per SqFt

+9 7% Year-over-Year

19

$4.2M Median Sale Price +26.7% Year-over-Year +2 9% Year-over-Year

16

$72.9M Total Volume -23.8% Year-over-Year +19 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

SqFt $4.2M Median Sale Price 18

$70.3M Total Volume

18 Average Days-on Market

$2.6M Median Sale Price

1 Closed Sale

$987 Average Price Per SqFt

$2.6M Total Volume

Jan2024Feb2024Mar2024Apr2024May2024Jun2024Jul2024Aug2024Sep2024Oct2024Nov2024Dec2024Jan2025

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 556 closed sales at a median price of $1.5m. There was a total of 1,338 new listings with an average of 31 days on the market without price reduction and with an average price per square foot of $1,035.

What's in the Santa Clara County data?

January 2025

1,338

+52.4% Year-over-Year

Average Price Per SqFt

$1,035

+3 9% Year-over-Year

556

$1.5M Median Sale Price +7.8% Year-over-Year +4 1% Year-over-Year

31 $1B Total Volume +10.7% Year-over-Year +14 7% Year-over-Year

812

New Listings

25

Average Days-on-Market

$1.8M

Median Sale Price

376 Closed Sales

$1,147

Average Price Per SqFt

$836M

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.

526 New Listings

43 Average Days-on Market

$917K Median Sale Price

180 Closed Sales

$801 Average Price Per SqFt

$188.6M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 16 closed sales at a median price of $2.3m. There was a total of 32 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $921.

the Almaden Valley (San Jose) data?

32

16

January 2025 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

$921 Average Price Per SqFt

+45.5% Year-over-Year -4 8% Year-over-Year

$2.3M Median Sale Price +23.1% Year-over-Year +13 9% Year-over-Year

27 $36.1M Total Volume +92.9% Year-over-Year +36 7% Year-over-Year

3

New Listings

44 Average Days-on Market

$1.3M Median Sale Price

2 Closed Sales

$836 Average Price Per SqFt

$2.6M Total Volume

Jan2024Feb2024Mar2024Apr2024May2024Jun2024Jul2024Aug2024Sep2024Oct2024Nov2024Dec2024Jan2025

Blossom Valley (San

What's

The market for Single Family Homes, Condo, and Townhomes units saw 41 closed sales at a median price of $1.4m. There was a total of 73 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $936.

in the Blossom Valley (San Jose) data?

January 2025

73

+37.7% Year-over-Year

41

Average Price Per SqFt

$936 New Listings

+12 9% Year-over-Year

Median Sale Price

$1.4M Closed Sales

+8 4% Year-over-Year

Average Days-on-Market

23

+51.9% Year-over-Year

+27.8% Year-over-Year

Total Volume

$55.5M

+59 6% 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

21 New Listings

32 Average Days-on Market

$600K Median Sale Price

7 Closed Sales

$678 Average Price Per SqFt

$4.5M 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 11 closed sales at a median price of $1.6m. There was a total of 26 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,155.

January 2025

26

+30% Year-over-Year

Average Price Per SqFt

$1,155

+0 4 Year-over-Year

11

$1.6M Median Sale Price +22.2% Year-over-Year -9 3% Year-over-Year

21

$19.8M Total Volume -47.5% Year-over-Year

+25% 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

20 Average Days-on-Market

8 Closed Sales

$1,277

Average Price Per SqFt $2M

Median Sale Price

$16.6M

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.

13 New Listings

26 Average Days-on Market

$1.1M Median Sale Price

3 Closed Sales

$829 Average Price Per SqFt

$3.1M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 16 closed sales at a median price of $2.6m. There was a total of 32 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $1,449.

January 2025

32

$1,449 Average Price Per SqFt -3% Year-over-Year -12 5% Year-over-Year

16

$2.6M Median Sale Price +6.7% Year-over-Year +25 7% Year-over-Year

30

$44.5M Total Volume +36.4% Year-over-Year

+22 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

Listings

20 Average Days-on-Market $1,646 Average Price Per SqFt $3.2M Median Sale Price 11 Closed Sales

$37.4M

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

5 Closed Sales

51 Average Days-on Market

$1.1M Median Sale Price

$1,017 Average Price Per SqFt

$7.1M 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 15 closed sales at a median price of $3.8m. There was a total of 35 new listings with an average of 34 days on the market without price reduction and with an average price per square foot of $1,604.

January 2025

35

15

105.9% Year-over-Year -3 8% Year-over-Year

$1,604 Average Price Per SqFt

$3.8M Median Sale Price +114.3% Year-over-Year -5% Year-over-Year

34

$57.4M Total Volume +47.8% Year-over-Year +128 9% Year-over-Year

18 New Listings

36 Average Days-on-Market

8 Closed Sales

$1,817

Average Price Per SqFt $5.4M

Median Sale Price

$45.1M

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.

33 Average Days-on Market

$1.2M Median Sale Price

$1,361 Average Price Per SqFt

7 Closed Sale $12.3M Total Volume

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 16 closed sales at a median price of $1.3m. There was a total of 29 new listings with an average of 31 days on the market without price reduction and with an average price per square foot of $777.

Santa Teresa (San Jose) data?

January 2025

29

$777 Average Price Per SqFt +52.6% Year-over-Year -4 8% Year-over-Year

16

$1.3M Median Sale Price +128.6% Year-over-Year +1% Year-over-Year

31

$20.6M Total Volume -27.9% Year-over-Year

+150 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

Sales

SqFt

$13.5M 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.

49 Average Days-on Market

$1M Median Sale Price

7 Closed Sales

$698 Average Price Per SqFt

$7M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $1.5m. There was a total of 94 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,140.

Clara City data?

January 2025

New Listings

94

+135% Year-over-Year

Average Price Per SqFt

$1,140

+0 5% Year-over-Year

36

$1.5M Closed Sales Median Sale Price +71.4% Year-over-Year -1 4% Year-over-Year

+20.8% Year-over-Year

Total Volume

29 $56M Average Days-on-Market

+73% 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

16 Average Days-on-Market

Average Price Per SqFt $1.7M Median Sale Price 24 Closed Sales

$45.6M

Total Volume

Data

Listings.

54 Average Days-on Market

$752K Median Sale Price

12 Closed Sales $10.4M Total Volume

$745 Average Price Per 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 28 closed sales at a median price of $887k. There was a total of 44 new listings with an average of 40 days on the market without price reduction and with an average price per square foot of $688.

January 2025

44

+7.3% Year-over-Year

Average Price Per SqFt

$688 New Listings

+5 2% Year-over-Year

28

$887K Closed Sales Median Sale Price +7.7% Year-over-Year -11 6% Year-over-Year

Total Volume +37.9% Year-over-Year

40 $26.2M Average Days-on-Market

+6 6% 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

46 Average Days-on Market

$692K Median Sale Price

16 Closed Sales $12.2M Total Volume

$622 Average Price Per SqFt

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 22 closed sales at a median price of $1.7m. There was a total of 102 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,295.

January 2025

New Listings

102

+41.7% Year-over-Year

Average Price Per SqFt

$1,295

+4 9% Year-over-Year

22

$1.7M Closed Sales Median Sale Price -33.3% Year-over-Year -10 3% Year-over-Year

17

Total Volume -26% Year-over-Year

$42.5M Average Days-on-Market

-32% 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

42 New Listings

8 Average Days-on-Market

10 Closed Sales

$1,664

Average Price Per SqFt $2.7M

Median Sale Price

$26.2M

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.

Listings

24 Average Days-on Market

$1.4M Median Sale Price

12 Closed Sales

$987 Average Price Per SqFt

$16.3M Total Volume

Willow Glen (San Jos

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $1.8m. There was a total of 63 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,063.

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

January 2025

63

+53.7% Year-over-Year

Average Price Per SqFt

$1,063 New Listings

+5 3% Year-over-Year

23

$1.8M Closed Sales Median Sale Price -14.8% Year-over-Year -2 1% Year-over-Year

24

$47.8M Average Days-on-Market

Total Volume +14.3% Year-over-Year -4 2% 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

42 New Listings

18 Average Days-on-Market

19 Closed Sales

$1,136

Average Price Per SqFt $1.9M

Median Sale Price

$43.5M

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.

New Listings

51 Average Days-on Market

$1.1M Median Sale Price

4 Closed Sales

$717 Average Price Per SqFt

$4.2M Total Volume

Luxury Listings for Sale

Jan2024Feb2024Mar2024Apr2024May2024Jun2024Jul2024Aug2024Sep2024Oct2024Nov2024Dec2024Jan2025

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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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