Martin Santiago - January 2025 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.

HowToMakeItHappenin2025

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.

SantaClara County

What's in the Santa Clara County data?

There were 342 single-family homes for sale, providing 0.5 months of inventory. There were 307 new listings, and 552 homes sold at a median price of $1.8m. The median overbid percentage was at 100 9%, with an average of 27 days on the market.

There were 303 condo and townhome units for sale, providing 1 month of inventory. There were 121 new listings and 265 units sold at a median sale price of $1m. The median overbid percentage was at 100%, with an average of 35 days on the market

307 New Listings

mily Homes

552 Sold Listings

0.5 Months of Inventory

$1.8M Median Sale Price

100.9%

Median Sale vs List

27 Avg Days on Market

InfoSparks and Trend Graphix, includes all single-family homes, the California Area above from December 2023 to December preliminary data, and may vary from the time the data was med reliable but not guaranteed. DRE# 01511642. Copyright KW Advisors Palo Alto 2025. Each office is independently owned and operated.

Listings 1

of Inventory

Median Sale vs List

Listings

SantaClaraCounty

DECEMBER 2023 - DECEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $880k last December 2023, to $1m as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last December 2023, to 27 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in December 2023, to 35 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last December 2023, to 100 9% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last December 2023, to 100% a year later.

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