KW Bay Area Estates
Santa Clara County
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San Mateo County
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What’s your home really worth in today’s market?
That's really 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. At the end of the day, 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?
I can help...
Contact me for a confidential, no obligation assessment of your home's value.
WhatToExpectifYouBuyor SellaHomeThisJune
June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.
If You’re Buying This June
A lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have more options. As an article from Bankrate says:
“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”
May 2024
New Listings
2,021
48.9% Year-over-Year
Average Price Per SqFt
$1,124
10% Year-over-Year
1,316
Median Sale Price 14.8% Year-over-Year
$1.7M Closed Sales
13 2% Year-over-Year
Average Days-on-Market
14
Total Volume -26.3% Year-over-Year
$2.6B
28 8% Year-over-Year
Overview
1,375 New Listings
913 Closed Sales
14 Average Days-on-Market
$2M
Median Sale Price
$1,247
Average Price Per SqFt
$2.2B Total Volume
Data includes all single family, townhome, and condominium sales in Santa Clara 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.
SFH Single Family Homes
645 New Listings
15 Average Days-on Market
$1M Median Sale Price
403 Closed Sales
$846 Average Price Per SqFt
$453M Total Volume
Luxury Listings for Sale
Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year January February March April May 0 50 100 150 200 250 300 350 January February March April May 0 50 100 150 200 (+$3,000,000 & Above) (+$3,000,000 & Above) 133 147 322 217 253 213 182 205 187 162 56 120 38 103 192 97 183 123 110 152
MONTH, YEAR-OVER-YEAR BY MONTH PREVIOUS YEAR CURRENT YEAR $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 January February March April May May2023Jun2023Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $ 1 , 5 0 1 , 4 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 1 $ 1 , 5 2 0 , 5 0 0 $ 1 , 5 2 1 , 0 0 0 $ 1 , 5 4 1 , 0 0 0 $ 1 , 4 5 0 , 0 0 0 $ 1 , 4 1 7 , 5 0 0 $ 1 , 4 4 0 , 5 0 0 $ 1 , 4 6 0 , 0 0 0 $ 1 , 6 3 3 , 3 3 3 $ 1 , 6 9 8 , 0 0 0 $ 1 , 7 0 0 , 0 0 0 $ 1 , 4 4 0 , 5 0 0 $ 1 , 4 6 0 , 0 0 0 $ 1 , 6 3 3 , 3 3 3 $ 1 , 6 9 8 , 0 0 0 $ 1 , 7 0 0 , 0 0 0 $ 1 , 3 2 7 , 4 5 0 $ 1 , 2 6 0 , 0 0 0 $ 1 , 4 1 8 , 5 0 0 $ 1 , 5 0 1 , 0 0 0 $ 1 , 5 0 1 , 4 0 0
Median Sales Price BY
Back to Table of Contents January February March April May 0 500 1,000 1,500 2,000 2,500 January February March April May 0 200 400 600 800 1000 1200 1400 January February March April May 0 5 10 15 20 25 30 35 January February March April May 0 200 400 600 800 1,000 1,200 1,400 New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR 887 640 516 28 22 17 14 14 695 943 1,173 1,316 871 1,195 1,240 1,347 1,140 1,404 1,795 2,021 750 511 427 35 34 25 19 19 548 923 837 1,146 818 932 996 1,177 895 1,189 1,179 1,357
San Mateo County
What's in the San Mateo County data?
The market for Single Family Homes, Condo, and Townhomes units saw 487 closed sales at a median price of $1.8m. There was a total of 754 new listings with an average of 17 days on the market without price reduction and with an average price per square foot of $1,168.
May 2024
754
Average Price Per SqFt 28.8% Year-over-Year
$1,168 New Listings
9 9% Year-over-Year
487
17
$1.8M
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
Closed
Median Sale Price 7% Year-over-Year
Sales
17 4% Year-over-Year
Overview
$1.1B Average Days-on-Market Total Volume -19% Year-over-Year 23 5% Year-over-Year
571 New Listings
369 Closed Sales
15 Average Days-on-Market
$2.3M
Median Sale Price
$1,272
Average Price Per SqFt
$1B Total Volume
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.
SFH Single
Family Homes
183 New Listings
118 Closed Sales
24 Average Days-on Market
$930K Median Sale Price
$845 Average Price Per SqFt
$127M Total Volume
CONDO
Condo & Townhomes
Luxury Listings for Sale
Luxury Contracts Signed Current Year Current Year BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR Previous Year Previous Year January February March April May 0 50 100 150 200 250 January February March April May 0 20 40 60 80 100 (+$3,000,000 & Above) (+$3,000,000 & Above) 122 132 160 198 203 113 118 132 182 205 49 53 84 74 51 24 49 52 56 80
Price URRENT YEAR 2023 2023 2024 2024 April May May Jun Ju AugSepOc Nov Dec Jan 024Feb2024Mar2024Apr2024May2024 $ 1 , 5 0 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 6 3 3 , 0 0 0 $ 1 , 6 8 5 , 0 0 0 $ 1 , 8 5 0 , 0 0 0 $ 1 , 6 8 5 , 0 0 0 $ 1 , 8 5 0 , 0 0 0 $ 1 , 5 5 0 , 0 0 0 $ 1 , 5 7 5 , 0 0 0
Back to Table of Contents January February March April May 0 200 400 600 800 January February March April May 0 100 200 300 400 500 600 January February March April May 0 10 20 30 40 50 January February March April May 0 100 200 300 400 500 New Listings Contracts Signed Average Days-on-Market Closed Sales BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR BY MONTH, YEAR-OVER-YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR PREVIOUS YEAR 413 265 206 47 30 25 19 17 298 360 441 487 349 455 428 507 461 563 649 754 333 220 211 42 35 30 26 21 252 359 303 455 322 349 398 475 378 448 542 585
Dedicated to Success
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.
KW Bay Area Estates 16780 Lark Ave Ste A, Los Gatos, CA 95032 Phone: 408.560.9000 Joe Han General Manager | SVP | Partner DRE #01400808 JoeHan@kw com 408.829.0779 12820 Saratoga-Sunnyvale Rd, Saratoga, CA 95070 Phone: 408.418.3911