Market Update
South Bay Area | September 2022
Santa Clara San Mateo
Alameda
n t o d a y s m a r k e t
That is the question to ask yourself
Our market is incredible diverse and changes rapidly Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. And at the end of the day, the current market sets your homes value
So, do you know what your home is worth in today's market?
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Contact me for a confidential, no obligation, assessment of your home's value
What's your home actually worth in today's market?
I
today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses on their own, known as a FSBO or For Sale By Owner,
reached its lowest point since 1985
They Know What Buyers Want To See01 With
has
They Help Maximize Your Buyer Pool02 They Understand the Fine Print03 They’re Trained Negotiators04 They Know How To Set the Right Price for Your House05 There’s a lot that goes into selling your house Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process Read more here. Why a Real Estate Professional Is Key When Selling Your House
Santa Clara
What's in the Santa Clara data?
Santa Clara’s median sold price for single-family homes increased marginally compared to last month, $1.62 Million to $1.65 Million. The number of homes sold was 817 while the number of new listings was 954. The median price for condos/ townhouses is at $920k with 380 new listings and 350 homes sold. Across the Bay Area, since spring, year over year, home price appreciation and overbidding statistics have generally plunged and days on market rapidly climbed.
SINGLE FAMILY HOMES 954 New Listings 1.4 Months of Inventory $1.65M Median Sale Price 100.3% Median Sale vs List Price 17 Avg Days on Market 817 Sold Listings Ths data is sourced from MLS for the perod 09/2021 thru 09/2022 Data may nclude preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to Keller Williams Realty Cupertino 408 850 6900 DRE# 1459770 Each Office is independently owned and operated
CONDOS & TOWNHOMES Santa Clara at a glance 380 New Listings 1.4 Months of Inventory $920K Median Sale Price 100% Median Sale vs List Price 29 Avg Days on Market 350 Sold Listings
Sept2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 1,500 1,000 500 0 SINGLE FAMILY HOMES Last 12 months, year-over-year CONDOS Last 12 months, year over year LISTINGS FOR SALE VS SOLD LISTINGS SANTA CLARA | SEPTEMBER 2021 SEPTEMBER 2022 Sept2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 750 500 250 0
Single Family Homes
The median sales price is up from $1 61 Million in Sept 2021 to $1 65 Million in Sept 2022
Condos & Townhomes
The median sales price has increased from $907k last Sept 2021 to $920k in Sept 2022
Single Family Homes
The average days on market has gone up from 15 days last Sept 2021 to 26 days by Sept 2022
Condos & Townhomes
The average days on market last Sept 2021 is 19 days up to 29 days in Sept 2022
Single Family Homes
The overbid percentage is up to 107 60% last Sept 2021 which decreases to 100 30% a year later
Condos & Townhomes
The overbid percentage has gone down from 103 40% last Sept 2021 to 100% a year later
A V G D A Y S O N M A R K E T Sept2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
SANTA CLARA | SEPTEMBER 2022
Sept2021Oct2021Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022 30 20 10 0
Sept2021Oct2021Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022June2022 July2022Aug2022Sept2022 125% 100% 75% 50% 25% 0%
San Mateo
What's in the San Mateo data?
San Mateo's median sold price for single-family homes decreased slightly month-to-month from $1.84 Million in August to $1.75 Million in September. The number of homes sold was 360 while the number of new listings was 507. The median price for condos/ townhouses was $910k with 174 new listings and 94 homes sold.
SINGLE FAMILY HOMES 507 New Listings 1.9 Months of Inventory $1.75M Median Sale Price 100.8% Median Sale vs List Price 29 Avg Days on Market 360 Sold Listings Ths data is sourced from MLS for the perod 09/2021 thru 09/2022 Data may nclude preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to Keller Williams Realty Cupertino 408 850 6900 DRE# 1459770 Each Office is independently owned and operated
CONDOS & TOWNHOMES San Mateo at a glance 174 New Listings 2.8 Months of Inventory $910K Median Sale Price 100.2% Median Sale vs List Price 38 Avg Days on Market 94 Sold Listings
FAMILY HOMES
Sept2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 Jun2022 July2022 Aug2022 Sept2022 750 500 250 0 SINGLE
Last 12 months, year-over-year CONDOS Last 12 months, year over year LISTINGS FOR SALE VS SOLD LISTINGS SAN MATEO SEPT 2021 SEPT 2022 Sep2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 300 200 100 0
Single Family Homes
The median sales price is down from $1 867 Million from Sept 2021 to $1 75 Million in Sept 2022
Condos & Townhomes
The median sales price has slightly decreased from $925k last Sept 2021 to $910k in Sept 2022
Single Family Homes
The average days on market is up from 19 days last Sept 2021 to 29 days by Sept 2022
Condos & Townhomes
The average days on market last Sept 2021 was 24 days down to 38 days in Sept 2022
Single Family Homes
The overbid percentage is up to 108% last Sept 2021 which decreases to 100 8% a year later
Condos & Townhomes
The overbid percentage has gone down from 105% last Sept 2021 to 100 2% a year later
A V G D A Y S O N M A R K E T Sept2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
SAN MATEO COUNTY | SEPT 2022
Sep2021Oct2021Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022 40 30 20 10 0
Sept2021Oct2021Nov2021Dec2021 Jan2022Feb2022Mar2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022 125% 100% 75% 50% 25% 0%
Alameda
What's in the Alameda data?
Alameda’s median sold price for single-family homes decreased slightly month-to-month from $1.210 Million in August to $1.200 Million in September. The number of homes sold was 801 while the number of new listings was 1,084. The median price for condos/ townhouses was $720k with 365 new listings and 279 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price continues to be above 100%.
SINGLE FAMILY HOMES 1,084 New Listings 1.7 Months of Inventory $1.2M Median Sale Price 103.5% Median Sale vs List Price 28 Avg Days on Market 801 Sold Listings Ths data is sourced from MLS for the perod 09/2021 thru 09/2022 Data may nclude preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to Keller Williams Realty Cupertino 408 850 6900 DRE# 1459770 Each Office is independently owned and operated
CONDOS & TOWNHOMESAlameda at a glance 365 New Listings 2 Months of Inventory $720K Median Sale Price 100.7% Median Sale vs List Price 29 Avg Days on Market 279 Sold Listings
Sept2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 2,000 1,500 1,000 500 0 SINGLE FAMILY HOMES Last 12 months, year-over-year CONDOS Last 12 months, year over year LISTINGS FOR SALE VS SOLD LISTINGS ALAMEDA SEPT 2021 SEPT 2022 Sept2021 Oct2021 Nov2021 Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 750 500 250 0
Single Family Homes
The median sales price is down from $1 25 Million in Sept 2021 to $1 20 Million in Sept 2022
Condos & Townhomes
The median sales price has slightly decreased from $721k last Sept 2021 to $720k in Sept 2022
Single Family Homes
The average days on market was 15 days last Sept 2021 now up to 28 days by Sept 2022
Condos & Townhomes
The average days on market last Sept 2021 is 20 days up to 29 days in Sept 2022
Single Family Homes
The overbid percentage is up to 112 1% last Sept 2021 which decreases to 103 5% a year later
Condos & Townhomes
The overbid percentage has gone down from 105% last Sept 2021 to 100 7% a year later
A V G D A Y S O N M A R K E T Sept2021Oct2021Nov2021Dec2021Jan2022Feb2022March2022Apr2022May2022Jun2022July2022Aug2022Sept2022 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
ALAMEDA COUNTY | SEPT 2022
Sept2021Oct2021Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022 30 20 10 0
Sept2021Oct2021Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022 125% 100% 75% 50% 25% 0%
Ths data is sourced from MLS for the period 09/2021 thru 09/2022 Data may incude preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to Keller Williams Realty Cupertino 408 850 6900 DRE# 1459770 Each Office is ndependently owned and operated