Steward Reichardt - November 2024 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

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.

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell asis instead

Santa Clara County

What's in the Santa Clara County data?

The market for Single Family Homes, Condo, and Townhomes units saw 1,000 closed sales at a median price of $1.5m. There was a total of 802 new listings with an average of 25 days on the market without price reduction and with an average price per square foot of $1,057.

November 2024

802

+5.9% Year-over-Year

1,000

Average Days-on-Market

Average Price Per SqFt

$1,057 New Listings

+5 6% Year-over-Year

$1.5M

Year-over-Year

Total Volume +25% Year-over-Year

25 $1.9B

+43 5% 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

521 New Listings

694 Closed Sales

22 Average Days-on-Market

$1.9M

Median Sale Price

$1,173

Average Price Per SqFt

$1.6B 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.

31 Average Days-on Market

$1M Median Sale Price

306 Closed Sales

$796 Average Price Per SqFt

$327M 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 394 closed sales at a median price of $1.6m. There was a total of 322 new listings with an average of 33 days on the market without price reduction and with an average price per square foot of $1075.

November 2024

322

$1,075 New Listings

Average Price Per SqFt +11% Year-over-Year +2 5% Year-over-Year

394

8% Year-over-Year

33 $856M Average Days-on-Market Total Volume +13.8% Year-over-Year +18 3% 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

242 New Listings

297 Closed Sales

24 Average Days-on-Market

$2M

Median Sale Price

$1,181

Average Price Per SqFt

$760M

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.

97 Closed Sales

61 Average Days-on Market $750 Average Price Per SqFt

$880K Median Sale Price

$95M 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 384 closed sales at a median price of $1.3m. There was a total of 257 new listings with an average of 47 days on the market without price reduction and with an average price per square foot of $987.

November 2024

257

+14.7% Year-over-Year

384

Average Price Per SqFt

$987 New Listings

+1 8% Year-over-Year

$1.3M

47 $661M Average Days-on-Market Total Volume +17.5% Year-over-Year +15 5% 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

128 New Listings

204 Closed Sales

31 Average Days-on-Market

$1.5M

Median Sale Price

$1,000 Average Price Per SqFt

$426M

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.

129 New Listings

180 Closed Sales

64 Average Days-on Market

$1M Median Sale Price

$974 Average Price Per SqFt

$233M 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 783 closed sales at a median price of $1.1m. There was a total of 653 new listings with an average of 28 days on the market without price reduction and with an average price per square foot of $735.

November 2024

653

Average Price Per SqFt -11.5% Year-over-Year

$735 New Listings

0% Year-over-Year

783

Year-over-Year

$1.1M

6% Year-over-Year

28 $1B Average Days-on-Market

Volume

Year-over-Year +15 5% 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

Listings

26 Average Days-on-Market

$1.2M

Median Sale Price

620 Closed Sales

$770 Average Price Per SqFt

$872M

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.

163 Closed Sales

37 Average Days-on Market $604 Average Price Per SqFt

$765K Median Sale Price

$130M Total Volume

Dedicated to Succ

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, Los Gatos, CA, 95032

Phone: 408.560.9000

12820 Saratoga-Sunnyvale Rd, Saratoga, 95070

Phone: 408.418.3911

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