Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Santa Clara County Real Estate

San Jose before Silicon Transistors

Area Profile

Demographics: (2015)

  • Population: 1.92M
  • Median Age: 37.2
  • households: 633,786
  • Median household Income: $102,340
  • Mean Property Value: $836,800

Business

  • Employees: 967,374
  • Top 3 occupations: Management; Computer and Mathematical; Administrative
  • Top 3 industries by employment: Manufacturing; Professional, Scientific, & Tech; Healthcare and Social Services
  • Average Commute Time: 26.7 Minutes

County Government

Santa Clara County is governed by a Board of Supervisors consisting of 10 members elected to overlapping 4-year terms. Supervisors are elected by district.
Santa Clara County Government Building on Heading Street.

Santa Clara County Real Estate Market

Santa Clara County Real Estate Trends: 12-month Average Sales Price and Average Sales to List Price Ratio by Month

After a brief dip in December and January, Santa Clara County average prices have resumed their upward trend, up 20.5% year over year for May and 10.3% since December, tracking just slightly behind the rate needed to equal 2017’s historic 29.1% gain.  However, after May, prices have dipped, driven primarily by the number of homes coming on the market. This is demonstrated by the steep drop off in Sales Price to List Price Ratios as summer buying season took hold.

Santa Clara County Real Estate Trends: 12-month Residential sales by price range

The histogram above shows the breakdown of residential home sales by price range. Here we see there are four peak market segments: the first from $600,000-$1,000,000; the second at $1,200,000 to $$1,600,000; and the third at $2,000,000 to $3,000,000. However, whereas in 2017 almost half of the homes sold for $1,000,000 or less, that midpoint threshold has shifted upwards to $1,200,000.

Real Estate: 6-month Average: Days to Sell versus Price Range

The average days to sell histogram shows that for homes priced between $400,000 and $3,000,000, sellers can expect to be in contract in 15 days or less. This is generally much shorter for well-priced homes, with most homes selling in under 7 days, or about 1/3 of the national average. At the high end, homes sell in a relatively quick average of 48 days. A unique fixer-upper in Stevens Canyon set the mark for the under $200,000 price point when it sold for $107,000 in April, 2018.

In the sale-price-to-list-price-ration histogram here, we see that offers average above list all price brackets. As realtors, this makes advising clients on offer price tricky. Historical averages are often outstripped by pent-up demand. Here we see that county-wide, sales below $5,000,000 average 1.1% to 13.8% above list compared to 3.4% to 9.9% in May, except for the singular sale below $200,000 mentioned above.

Real Estate:6-month Average Sale Price to List Price Ratio by Price Range

Help me with Santa Clara County Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.