Martin Santiago - August 2024 Market Report | Peninsula Estates (Santa Clara County)

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Peninsula Estates

Santa Clara County

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What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

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.

Sant Cou

What's in t

County da

There were 828 providing 1.3 mo new listings, and price of $1.8m. T was at 103 3%, w market.

There were 526 sale, providing 1 were 418 new lis median sale pric percentage was days on the mar

homes, This data Alto

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last July 2023, to $1 8m as of July 2024

Condos & Townhomes

The median sale price has decreased from $956k last July 2023, to $950k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 17 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 24 days in July 2023, to 23 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 3% last July 2023, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.7% last July 2023, to 100.7% a year later.

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