Joseph Karakas - November 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)

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell asis instead

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $2.6m. There was a total of 30 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $1,298.

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

November 2024

30

+20% Year-over-Year

Average Price Per SqFt

$1,298

+2 2% Year-over-Year

36

$2.6M Median Sale Price +56.5% Year-over-Year -2 2% Year-over-Year

30 $110.6M Total Volume +87.5% Year-over-Year

+78 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

32 Average Days-on Market

$1.4M Median Sale Price

10 Closed Sales

$915 Average Price Per SqFt

$14.5M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $1.8m. There was a total of 34 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,150.

in the Cambrian (San Jose) data?

November 2024

34

Average Price Per SqFt -10.5% Year-over-Year

$1,150

+10% Year-over-Year

36

$1.8M Median Sale Price -7.7% Year-over-Year

+19 5% Year-over-Year

17

$64.7M Total Volume -15% Year-over-Year -1 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

5

22 Average Days-on Market

$830K Median Sale Price

6 Closed Sales

$725 Average Price Per SqFt

$5.7M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $4m. There was a total of 30 new listings with an average of 38 days on the market without price reduction and with an average price per square foot of $1,349.

November 2024

30

+100% Year-over-Year

Average Price Per SqFt

$1,349

-3 3% Year-over-Year

23

$4M Median Sale Price +4.6% Year-over-Year

+22 3% Year-over-Year

Average Days-on-Market

38

$96.5M Total Volume +81% Year-over-Year

+29 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

24 New Listings

39 Average Days-on-Market

$4M

Median Sale Price

22 Closed Sales

$1,361

Average Price Per SqFt

$95.2M

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

6 New Listings

1 Closed Sale

13 Average Days-on Market

$1.3M Median Sale Price

$1,080 Average Price Per SqFt

$1.3M Total Volume

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 1,000 closed sales at a median price of $1.5m. There was a total of 802 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $1,057.

What's in the Santa Clara County data?

November 2024

802

+5.9% Year-over-Year

$1,057 Average Price Per SqFt

+5 6% Year-over-Year

1,000 $1.5M

Sale Price +27.4% Year-over-Year +9% Year-over-Year

25 $1.9B Total Volume +25% Year-over-Year

+43 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

521

New Listings

22

Average Days-on-Market

$1.9M

Median Sale Price 694 Closed Sales

$1,173

Average Price Per SqFt

$1.6B

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.

31 Average Days-on Market

$1M Median Sale Price

306 Closed Sales

$796 Average Price Per SqFt

$327.2M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 25 closed sales at a median price of $2.2m. There was a total of 16 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $946.

Almaden Valley (San Jose) data?

November 2024

16

-23.8% Year-over-Year

$946 Average Price Per SqFt

+2 3% Year-over-Year

25

$2.7M Median Sale Price +47% Year-over-Year +22 Year-over-Year

25

+66.7% 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 New Listings

$54.4M Total Volume

+74 6% Year-over-Year

Condo & Townhomes

2 New Listings

6 Average Days-on Market

$1.1M Median Sale Price

3 Closed Sales

$935 Average Price Per SqFt

$3.7M Total Volume

Blossom Valley (San

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 61 closed sales at a median price of $1.4m. There was a total of 50 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $857.

the Blossom Valley (San Jose) data?

November 2024

50

+2% Year-over-Year

Average Price Per SqFt

$857 New Listings

+7 8% Year-over-Year

61

+8.9% Year-over-Year

$1.4M Closed Sales Median Sale Price

+16 6% Year-over-Year

21

+10.5% Year-over-Year

Total Volume

$84.9M Average Days-on-Market

+34 5% 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

38 Average Days-on Market

$642K Median Sale Price

10 Closed Sales

$654 Average Price Per SqFt

$7.2M 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 34 closed sales at a median price of $1.6m. There was a total of 18 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,061.

November 2024

18

$1,061 Average Price Per SqFt -18.2% Year-over-Year -1 8% Year-over-Year

34 $1.6M Median Sale Price +36% Year-over-Year -2 4% Year-over-Year

22 $55.3M Total Volume +22.2% Year-over-Year +27 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

9 New Listings

18 Average Days-on-Market

21 Closed Sales

$1,257

Average Price Per SqFt $1.9M

Median Sale Price

$43.9M

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.

30 Average Days-on Market

$899K Median Sale Price

13 Closed Sales $11.4M Total Volume

$745 Average Price Per SqFt

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 30 closed sales at a median price of $2.4m. There was a total of 25 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,489.

November 2024

25

+8.7% Year-over-Year

Average Price Per SqFt

$1,489

+5 5% Year-over-Year 30

$2.4M Median Sale Price +42.7% Year-over-Year

+-20 5% Year-over-Year

23 $76M Total Volume +76.9% Year-over-Year

+15 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 New Listings Closed Sales Average Days-on-Market

25 Average Days-on-Market $1,720 Average Price Per SqFt $3.3M Median Sale Price 19

$62.4M

Total Volume

Data

Condo & Townhomes

New Listings

11 Closed Sales

21 Average Days-on Market

$1.2M Median Sale Price

$1,089 Average Price Per SqFt

$13.6M 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 34 closed sales at a median price of $4.2m. 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 $1,764.

November 2024

20

-9% Year-over-Year

34

Average Price Per SqFt

$1,764

+5% Year-over-Year

$4.2M Median Sale Price +61.9% Year-over-Year +4 7%Year-over-Year

26

$145.6M Total Volume +116.7% Year-over-Year

+71% 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

Family Homes 15 New Listings

27 Closed Sales

21 Average Days-on-Market

$4.5M

Median Sale Price

$1,881

Average Price Per SqFt

$133.4M

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

5 New Listings

49 Average Days-on Market

$1.7M Median Sale Price

$1,312 Average Price Per SqFt

7 Closed Sales $12.1M Total Volume

Santa Teresa (San Jo

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 19 closed sales at a median price of $1.4m. There was a total of 29 new listings with an average of 19 days on the market without price reduction and with an average price per square foot of $756.

Teresa (San Jose) data?

Year-over-Year +41 3% Year-over-Year

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

28 Average Days-on Market

$945K Median Sale Price

6 Closed Sales

$598 Average Price Per SqFt

$6M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 57 closed sales at a median price of $1.4m. There was a total of 39 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,089.

Santa Clara City data?

November 2024

39

-2.5% Year-over-Year

Average Price Per SqFt

$1,089 New Listings

+6 1% Year-over-Year

57

$1.4M Closed Sales Median Sale Price -1.7% Year-over-Year -10 8% Year-over-Year

Average Days-on-Market

22

Total Volume +22.2% Year-over-Year -3% Year-over-Year

$86.5M

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

22 Average Days-on Market

$950K Median Sale Price

25 Closed Sales $25.8M Total Volume

$824 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 38 closed sales at a median price of $1m. There was a total of 41 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $708.

November 2024

41

+70.8% Year-over-Year

Average Price Per SqFt

$708 New Listings

-0 4% Year-over-Year

38

$1M Closed Sales Median Sale Price +52% Year-over-Year -3 1% Year-over-Year

22 $38M Average Days-on-Market Total Volume -21.4% Year-over-Year

+42 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

Sales

16 New Listings

29 Average Days-on Market

$710K Median Sale Price

19 Closed Sales

$624 Average Price Per SqFt

$14.7M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 52 closed sales at a median price of $1.8m. There was a total of 46 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,336.

November 2024

46

-4.2% Year-over-Year

Average Price Per SqFt

$1,336 New Listings

+5 5% Year-over-Year

52

$1.8M Closed Sales Median Sale Price +4% Year-over-Year

+8 5% Year-over-Year

+22.2% Year-over-Year

Total Volume

22 $105M Average Days-on-Market

+9 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

SqFt

$74.5M Total Volume

31 Average Days-on Market

$1.3M Median Sale Price

23 Closed Sales

$926 Average Price Per SqFt

$30.4M Total Volume

Willow Glen (San Jos

What's in

The market for Single Family Homes, Condo, and Townhomes units saw 50 closed sales at a median price of $1.9m. There was a total of 38 new listings with an average of 22 days on the market without price reduction and with an average price per square foot of $1,089.

the Willow Glen (San Jose) data?

November 2024

38

-2.6% Year-over-Year

Average Price Per SqFt

$1,089 New Listings

+12 6% Year-over-Year

50

$1.9M Closed Sales Median Sale Price +8.7% Year-over-Year

+11 1% Year-over-Year

22

+29.4% Year-over-Year

Total Volume

$102.4M Average Days-on-Market

+28 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

44 Average Days-on-Market

Average Price Per SqFt $2M Median Sale Price 44 Closed Sales

$96M Total Volume

Condo & Townhomes

5 New Listings

15 Average Days-on Market

$1M Median Sale Price

6 Closed Sales

$779 Average Price Per SqFt

$6.3M Total Volume

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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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