Stefan Walker - February 2025 Market Update

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KW Bay Area Estates

Santa Clara County

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San Mateo County

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San Francisco County

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Alameda County

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What’syourhome reallyworthintoday’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?

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 685 closed sales at a median price of $1.6m. There was a total of 1,671 new listings with an average of 18 days on the market without price reduction and with an average price per square foot of $1,087.

February 2025

1,671

$1,087 New Listings

Average Price Per SqFt +47.8% Year-over-Year +8.5% Year-over-Year

685

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

18

$1.3B Average Days-on-Market Total Volume -18.2% Year-over-Year +14.2% 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

Single Family Homes

1,063 New Listings

445 Closed Sales

16 Average Days-on-Market

$1.9M

Median Sale Price

$1,223 Average Price Per SqFt

$1B Total Volume

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

22 Average Days-on Market

240 Closed Sales

$834 Average Price Per SqFt

$1.1M Median Sale Price

$280M Total Volume

Luxury Listings for Sale

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 258 closed sales at a median price of $1.6m. There was a total of 590 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $1,115.

February 2025

590

Year-over-Year

Average Price Per SqFt

$1,115 New Listings

Year-over-Year

258

Year-over-Year

Median Sale Price

$1.6M Closed Sales

Year-over-Year

25

$586M Average Days-on-Market

Total Volume -16.7% Year-over-Year +1.2% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo 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

Single Family Homes

398 New Listings

198 Closed Sales

21 Average Days-on-Market

$2M

Median Sale Price

$1,197 Average Price Per SqFt

$523M

Total Volume

Data includes all single family, townhome, and condominium sales in San Mateo 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

Condo & Townhomes

192 New Listings

60 Closed Sales

36 Average Days-on Market

$846 Average Price Per SqFt

$989K Median Sale Price

$63M Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 292 closed sales at a median price of $1.3m. There was a total of 541 new listings with an average of 37 days on the market without price reduction and with an average price per square foot of $998.

February 2025

541

$998 New Listings

Average Price Per SqFt -3.6% Year-over-Year -5.5% Year-over-Year

292

$1.3M Closed Sales Median Sale Price

Year-over-Year

Year-over-Year

37

$455M Average Days-on-Market

Total Volume -5.1% Year-over-Year -10.1% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Francisco 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

Single Family Homes

214 New Listings

141 Closed Sales

24 Average Days-on-Market

$1.6M

Median Sale Price

$1,002 Average Price Per SqFt

$260M

Total Volume

Data includes all single family, townhome, and condominium sales in San Francisco 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

327 New Listings

152 Closed Sales

49 Average Days-on Market

$995 Average Price Per SqFt

$1M Median Sale Price

$197M Total Volume

Luxury Listings for Sale

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 604 closed sales at a median price of $1.1m. There was a total of 1,447 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $745.

February 2025

1,447

Year-over-Year

Average Price Per SqFt

$745 New Listings

Year-over-Year

604

$1.1M Closed Sales

Year-over-Year

Year-over-Year

28

$748M Average Days-on-Market Total Volume +21.7% Year-over-Year

Year-over-Year

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

Single Family Homes

1,020 New Listings

456 Closed Sales

23 Average Days-on-Market

$1.3M

Median Sale Price

$796 Average Price Per SqFt

$635M

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

Condo & Townhomes

427 New Listings

148 Closed Sales

43 Average Days-on Market

$591 Average Price Per SqFt

$695K Median Sale Price

$113M Total Volume

Luxury Listings for Sale

DedicatedtoSucce

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 10,000 transactions, totalling more than $13 billion in closed sales volume.

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 distributed to their associates over $2.7 million in profit share.

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