Data released Wednesday from the National Association of Realtors shows that the median price for a home surpassed $1 million in the region around San … Even if you are new to the San Francisco Bay Area, you cannot help but notice the relative scarcity of homes for sale this month as opposed to last month or any other dating back to 2001. San Francisco is NOT part of Silicon Valley, though may reporters – some local – keep stating that it is. This website uses cookies so that we can provide you with the best user experience possible. In Santa Clara County: The median price of a house sold in this county is about $1.175 million and the average sale price of a home sold is about $1.440 million as of 2018 (see my ReReport for details). There are homes under $1.0M outside of the 12 cities that I include in Silicon Valley: Blossom Hill area in south San Jose and east San Jose. Homes in Cupertino receive 3 offers on average and sell in around 10 days. Market demand remains strong. The revised forecast asserts that median sales price appreciation will be 1.1% nationwide, formerly forecast at 2-4%. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Home Price Appreciation Trends since 1987 Really quite similar except for the 1989 earthquake, the dotcom phenomenon, and the recent Bay Area high-tech boom. Palo Alto and Los Altos are showing slight declines, most likely due to them having the highest priced homes. My Real Estate Report, a separate page with more data, drills the numbers by neighborhood in Mountain View (and also Palo Alto and San Jose – the latter being very understandable as it’s almost 1 million people, rather than Mountain View’s 75,000 people). Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. There’s plenty of demand in Cupertino though inventory is extremely limited. Please find many more icons for connecting socially at the very bottom of this page. The Silicon Valley real estate market is crashing — at least from a price perspective. Cupertino Real Estate Market Trends, Home Prices Silicon Valley Real Estate. Home prices are dropping in Silicon Valley as longtime residents cash in on sky high values. The average since 2000 is 987. Silicon Valley Luxury Trend Watch: Spa/Wellness Centers and Flex Spaces For many California affluent homebuyers, good health is the ultimate luxury. The data is obtained directly from our local multiple listing service (MLS), which is used by virtually all Realtors in the area. Please visit my Valley of Heart’s Delight blog to view a sampling of listings of homes for sale, or to search by your own parameters with the map search below: ValleyOfHeartsDelight.comSanta Clara County Real Estate, SanJoseRealEstateLosGatosHomes.com The future of Silicon Valley. Although there’s been some warming and some cooling, Cupertino homes remain in a hot seller’s market. ... Homes for You Price (High to Low) Price (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. RE REPORT for Santa Clara, San Mateo, and Santa Cruz Counties: Click the link below to get real estate data for Santa Clara County, San Mateo County, and Santa Cruz County (together making up about 98% of "Silicon Valley") care of the monthly RE REPORT. The average sale price per square foot in Cupertino is $1.1K, up 6.9% since last year. Of course, the huge difference is in the median house sales prices: The city's is now over 5 times higher than the national median price. As the car ads here used to say, “drive a little, save a lot”. Nevertheless, it was up 10.3% compared to last year. https://move2siliconvalley.com/can-buy-1-million-silicon-valley/, Please visit my Valley of Heart’s Delight blog to view a sampling of listings of homes for sale, Real Estate Market Statistics and Trends for Santa Clara County, Listings and Sales Near Any Address in Santa Clara County. This first chart tracks percentage changes in median house sales price since 1990. According to data from MLSListings, in Santa Clara County, the median single-family home cost $1,150,000 and sold in 26 days for 100 percent of the list … The information is deemed to be accurate, however is not guaranteed. Conforming loan limit increased to $822,375, Interest-free Loans to Increase Home Value. If you want to “spot check” pricing, visit http://popehandy.rereport.com and check the various areas. The Cupertino housing market is most competitive. While low by 2013-15 and 2017-18 standards, this year is showing a strong up-tick from the prior year. Learn about those locations here: Los Altos homes start at $2.0M with most “move-in” ready homes in the $2.5M to $4.0M price range. Locally newer homes are often larger than older homes. A great overview of how Silicon Valley communities differ and their various features: restaurants, shopping, transportation and more. The San Francisco Bay Area had the second-largest price increase of 17%, followed by Southern California (15.4%), the Central Valley (14.7 %), and the Far North (12.8%). If you disable this cookie, we will not be able to save your preferences. End-units are also more expensive as they have fewer shared common walls. Santa Barbara saw the highest price growth (64% YoY). Higher priced homes are selling at a faster rate than lower priced homes. Silicon Valley’s notoriously expensive residential real estate sales may have seen a slump in March and April during the region’s restrictive shelter-in-place orders, but industry insiders say it’s still a seller’s market. Mountain View CA real estate market trends and data by neighborhood or district. Listings and Sales Near Any Address in Santa Clara County. Sign-up to receive updates on our real estate market, our schools and our communities. For a house in an area with good schools, the price tag starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of early 2018). It is based upon the Q1 2000 price being indexed to 100: A reading of 50 signifies a median price half that in Q1 2000; 200 means the price has doubled since then. Click on “Our Homes” to view the individual cities. The good news is that there are a lot of homes in the $1.0M to $1.5M price range, predominately in Santa Clara, Campbell, Cambrian and Willow Glen areas of San Jose. In many ways the property trends across the Silicon Valley can be mapped against the trend of technology shares on the US stock market. It is down 10.8% from the peak in April 2018 and just below where it had first been in … Real Estate Market Statistics and Trends for Santa Clara County The average sale price of a home in Cupertino was $2.19M last month, up 25.7% since last year. … Sales of single-family, re-sale homes jumped 34.7% year-over-year. The East Bay is not really an area that I cover much, though I did live in Fremont and Berkeley for grad school – and Silicon Valley now does include Fremont, Union City, and Hayward. This website and market analysis is provided by Bryan and Susan Sweeley, Broker Associates with Compass. Comps near any address in Santa Clara County A very simple and quick view of Silicon Valley real estate market trends is available in the table below. Overall, for all the Silicon Valley towns we analyzed, the median sale price of homes sold in 2017 hit $1,050,000 adding $320,000 compared to the median recorded in 2007. For You: Homes of Silicon Valley encourages you to look at micro-market trends in your desired purchase areas, as well as Bay Area housing shortage levels as a whole. Figure 2 Marketing time for Silicon Valley(SJC) Home prices maxed out in May of 2018 at $1,266,000 (average price for a tract home). The average price has been lower five of the past six months. This trend follows most of SFBA and other urban cities as well. For a house in an area with good schools, the price tag starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of early 2018). The cost of housing is probably the least fun thing about moving to the “south bay”, apart from the traffic woes. Table of Median Prices For Silicon Valley Cities. Avi Urban DRE #01485729 Keller Williams Realty 505 Hamilton Ave. ... and the loan amount will be up to $400,000 (80%). Please feel free to email or call anytime with any question or request. This means that every time you visit this website you will need to enable or disable cookies again. Home Values, Market Trends, Schools and our Communities. House values in that California city are dropping steadily. Live in Los Gatos blogLos Gatos neighborhoods, real estate, events, history, parks, businesses & more. The current year median price, the percent increase so far this year, and the percent increase in each of the previous two years is listed for houses sold for most Silicon Valley cities. Almost all regions set new record prices for the month of October. In January 2018, the median price … Homes in Cupertino start at around $1.8 to $2 million. We are always available to help you and your friends. There’s no other way to say it, and no reason to sugarcoat it. Los Altos homes are one of the most desirable in Silicon Valley. ALTOS RESEARCH weekly reports by zip code in Santa Clara County: Use this link to sign up: To begin your search for the perfect home or to sell your house in San Jose, Los Gatos, Cambrian, Almaden, or anywhere in the West Valley, Santa Clara County, or Silicon Valley, please, CA BRE License # 01153805 Sereno Group, Los Gatos CA, call Mary Pope-Handy at 408-204-7673 or email mary (at) popehandy.com, "Helping nice folks to buy and sell homes in Silicon Valley since 1993". Ratings are provided by GreatSchools.net along with the California Academic Performance Index (API). Go to the specific city to see the distribution of prices by size of home (e.g., number of bedrooms and $/SQFT). That’s the thirteenth month in a row the median sales price has been higher than the year before. Homes in Cupertino start at around $1.8 to $2 million. The starting point is the city of San Jose, but you can request any zip code in Santa Clara County. Yes, you CAN buy a house in Santa Clara County for less than $1 million. Final sales prices continue to exceed list price. The supply of New Listings has returned to levels consistent with prior years, even after a strong dip during April-May. But the commute…. Zillow has 58 homes for sale in San Jose CA matching Silicon Valley. This website is dedicated to providing you with insightful and accurate information on the residential real estate market in Silicon Valley. House prices are now down 11.7% from the peak in April 2018 and just above where they had first been in October 2017: In Santa Clara County, the southern part of Silicon Valley and the most populous county of the Bay Area, the median price of single-family houses dropped 3.9% year-over-year, to $1.298 million. Some towns far outpaced the growth trend for the region and there were seven towns where the median grew by more than $1 million over the past decade. The Silicon Valley real estate market continued to slow in September with single-family, re-sale home sales and prices lower than the month before. Real estate in Santa Clara County, focused on west side communities of San Jose, Los Gatos, Saratoga, Campbell & nearby Last year was the first “down” market since the 2008-09 financial crisis. The median sales price for single-family, re-sale homes backed off the record high it set in October. A quiet family-oriented community with top-rated elementary through high schools throughout the city. The average sales price for single-family, re-sale homes set another high in November. This information is deemed to be accurate, however is not guaranteed. It was up 16.1% year-over-year. As more people focus their lives around healthy living and wellness, they are increasingly turning their homes into personal sanctuaries with private wellness centers and spas. We are using cookies to give you the best experience on our website. A lot better than one earns on interest. Annual appreciation rates are close to normal. It will be well past $2 million unless you want an original condition home from the 1950s (aka a fixer upper). The majority of Condos/THs are two-bedroom units with next most popular being three-bedroom units followed by one-bedroom units. The median price has risen 6% per year since 2003 (CAGR). The median price continues its nine year run. 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