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LosGatos/MonteSereno
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WhatEveryHomeownerShould KnowAboutTheirEquity
Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.
Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.
Home Equity: What Is It and How Much Do You Have?
Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.
Los Gatos/Monte Ser
What's in the Los
The market for Single Family Homes, Condo, and Townhomes units saw 44 closed sales at a median price of $2.5m. There was a total of 53 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,286.
Gatos/Monte Sereno data?
July 2024
53
+60.6% Year-over-Year
Average Price Per SqFt
$1,286
+4 8% Year-over-Year
44
$2.5M Median Sale Price +37.5% Year-over-Year
+15 2% Year-over-Year
18 $121.5M Total Volume -40% Year-over-Year
+45 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
17 Average Days-on-Market $1,402 Average Price Per SqFt $2.8M Median Sale Price 33 Closed Sales
$103.1
Total Volume
Data includes all single family, townhome, and condominium sales in the Bay 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.
23 Average ays-on Market
1.4M ian Sale Price
11 Closed Sales $18.3M Total Volume
$937 Average Price Per SqFt
Luxury Listings for Sale
Cambrian (San Jose)
What's in the Cambrian (San Jose) data?
The market for Single Family Homes, Condo, and Townhomes units saw 57 closed sales at a median price of $1.7m. There was a total of 60 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $1,112.
r
13
Days-on-Market
$99.1M Total Volume -7.1% Year-over-Year -28% Year-over-Year
ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are
SqFt
16 Average Days-on Market
$920K Median Sale Price
9 Closed Sales
$769 Average Price Per SqFt
$8.9M Total Volume
Luxury Listings for Sale
Saratoga
What's
in the Saratoga data?
The market for Single Family Homes, Condo, and Townhomes units saw 31 closed sales at a median price of $4m. There was a total of 31 new listings with an average of 15 days on the market without price reduction and with an average price per square foot of $1,455.
July 2024
31
+6.9% Year-over-Year
$1,455 Average Price Per SqFt
+15 8% Year-over-Year 31
$4M Median Sale Price +82.4% Year-over-Year
+45 5% Year-over-Year
15 $125.4M Total Volume -34.8% Year-over-Year
+140 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
Condo & Townhomes
2
New Listings
12 Average Days-on Market
$1.2M Median Sale Price
2 Closed Sales
$998 Average Price Per SqFt
$2.4M 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 1,109 closed sales at a median price of $1.6m. There was a total of 1,463 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,067.
July 2024
1,463
+36.2% Year-over-Year
Average Price Per SqFt
$1,067
+4 4% Year-over-Year
1,109
$1.6M Median Sale Price +26.2% Year-over-Year
+6 7% Year-over-Year
18
$2.1B Total Volume 0% Year-over-Year
+38 3%Year-over-Year
993 New Listings
16
Average Days-on-Market $1,17
Average Price Per SqFt $1.8M
$1.8B
Total Volume
Median Sale Price 803 Closed Sales
Data includes all single family, townhome, and condominium sales in the sourced from MLS Listings. The most recent month’s data is based on numbers but may change with late reported activity. Data from sources deemed but may contain errors and are subject to revision.
470
22 Average Days-on Market
950K edian Sale Price
306 Closed Sales
$785 Average Price Per SqFt
$320.9M 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 32 closed sales at a median price of $2.3m. There was a total of 35 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,057.
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
17
Total Volume +54.6% Year-over-Year
$72.9M
+31% Year-over-Year
16 Average Days-on-Market $1,069 Average Price Per SqFt $2.3M Median Sale Price 30
$69.6M
Total Volume
Data
2 Closed Sales
$867 Average Price Per SqFt
$3.2M
Total Volume
Luxury Listings for Sale
Blossom Valley (San
What's in the Blossom Valley (San Jose) data?
The market for Single Family Homes, Condo, and Townhomes units saw 65 closed sales at a median price of $1.4m. There was a total of 85 new listings with an average of 15 days on the market without price reduction and with an average price per square foot of $817.
r
15
+7.1% Year-over-Year
Total Volume
$85.1M Average Days-on-Market
+71 3% Year-over-Year
sourced from MLS Listings The most recent month’s m sources deemed reliable but may contain errors and
22 Average Days-on Market
$660K Median Sale Price
18 Closed Sales
$650 Average Price Per SqFt
$11.9M Total Volume
Campbell
What's in the Campbell data?
The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $1.6m. There was a total of 37 new listings with an average of 12 days on the market without price reduction and with an average price per square foot of $1,069.
12
$56.9M Total Volume -7.7% Year-over-Year +49 7% 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
21 New Listings
22 Closed Sales
12 Average Days-on-Market $1,188
Average Price Per SqFt $1.7M
Median Sale Price
$40.6M
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.
Cupertino
What's
in the Cupertino data?
The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $3.1m. There was a total of 48 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,470.
24
$101.4M Total Volume +41.20% Year-over-Year
+46 5% 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
Condo & Townhomes
12
New Listings
11 Closed Sales
24 Average Days-on Market
$1.3M Median Sale Price
$1,038 Average Price Per SqFt
$15.1M Total Volume
Los Altos
What's
in the Los Altos data?
The market for Single Family Homes, Condo, and Townhomes units saw 35 closed sales at a median price of $4.3m. There was a total of 33 new listings with an average of 14 days on the market without price reduction and with an average price per square foot of $1,807.
r
14
$168.6M Total Volume -36.4%Year-over-Year
+64 1%Year-over-Year
ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are
SqFt
$162.4M Total Volume
Condo & Townhomes
7 New Listings
3 Closed Sales
9 Average Days-on Market
$1.8M Median Sale Price
$1,360 Average Price Per SqFt
$6.1M 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 27 closed sales at a median price of $1.2m. There was a total of 30 new listings with an average of 15 days on the market without price reduction and with an average price per square foot of $797.
15
$35.2M Total Volume -+15.4% Year-over-Year +39 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
SqFt $1.5M Median Sale Price 16
$24.5M 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.
20 Average Days-on Market
$965K Median Sale Price
11 Closed Sales $10.7M Total Volume
$681 Average Price Per SqFt
Santa Clara City
What's in the Santa Clara City data?
The market for Single Family Homes, Condo, and Townhomes units saw 73 closed sales at a median price of $1.5m. There was a total of 84 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1067.
22
+69.2% Year-over-Year
Total Volume
$111.7M Average Days-on-Market
+27 6% Year-over-Year
ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are
32 Closed Sales
$759 Average Price Per SqFt
0.9M
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 53 closed sales at a median price of $1.1m. There was a total of 41 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $739.
Average Days-on-Market
19
Total Volume +11.8% Year-over-Year
$58M
+110 3% Year-over-Year
ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are
23 Average Days-on Market
$872K Median Sale Price
19 Closed Sales $17.3M Total Volume
$655 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 95 closed sales at a median price of $1.9m. There was a total of 105 new listings with an average of 11 days on the market without price reduction and with an average price per square foot of $1,353.
Average Days-on-Market
11
Total Volume -15.4% Year-over-Year
$198.2M
+50 8% Year-over-Year
ed from MLS Listings The most recent month’s data is s deemed reliable but may contain errors and are
29 Closed Sales
$918 Average Price Per SqFt
8.1M
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 61 closed sales at a median price of $1.9m. There was a total of 75 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,070.
July 2024
New Listings
75
+29.3% Year-over-Year
61
Average Price Per SqFt
$1,070
+12 5% Year-over-Year
Median Sale Price
$1.9M Closed Sales
+16% Year-over-Year
Average Days-on-Market
18
+35.6% Year-over-Year
Total Volume -14.3% Year-over-Year
$123.1M
+55 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
8 Average Days-on Market
$1.1M Median Sale Price
7 Closed Sales
$803 Average Price Per SqFt
$7.8M 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.
