September 2024 Market Update - Joe Han

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KW Bay Area Estates

Santa Clara County

Jump to Santa Clara County Report

San Mateo County

Jump to San Mateo County Report

San Francisco County

Jump to San Francisco County Report

Alameda County

Jump to Alameda County Report

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.

ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 915 closed sales at a median price of $1.5m. There was a total of 1,581 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,068.

September 2024

1,581

$1,068 New Listings

Average Price Per SqFt +32.3% Year-over-Year +4 4% Year-over-Year

915

Year-over-Year

$1.5M

9% Year-over-Year

24 $1.7B Average Days-on-Market Total Volume +26.3% Year-over-Year +9% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’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

$809 Average Price Per SqFt 280

$307M

Total Volume

Overview

495 New Listings

327 Closed Sales

24 Average Days-on-Market

$1.9M

Median Sale Price

$1,151 Average Price Per SqFt

$748M Total Volume

Data includes all single family, townhome, and condominium sales in San Mateo sourced from MLS Listings. The most recent quarter’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.

41 Average Days-on Market

$888K Median Sale Price

107 Closed Sales

$779 Average Price Per SqFt

$104M Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

September 2024

New Listings

24 Average Days-on-Market $1.6M

Median Sale Price

Data includes all single family, townhome, County sourced from MLS Listings. The most numbers, but may change with late reported but may contain errors and are subject to revision.

Alameda County

1,131 New Listings

638 Closed Sales

24 Average Days-on-Market

$1.2M

Median Sale Price

$764

Average Price Per SqFt

$863M

Total Volume

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings. The most recent quarter’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.

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