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

Economy

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

Average Sales Price and Sales-to-List-Price Ratio

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

Santa Clara County home prices continued 2017’s meteoric rise until March, 2018, when a dramatic increase in the number of homes on market allowed frustrated buyers a chance to catch a breath. Average sales prices declined consistently until October when the number of homes on market dropped again, causing a resurgence in prices. Since then, the downward trend has continued. Over-all, average prices fell 19% from the March peak, but only 1.2% since January. Bidding wars have tailed off in most areas as sale to list price ratios have plummeted from 13% over list in March to at list in December.

Sales as a Function of Price

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 the $1,100,000 to $1,200,000 range.

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

Time on market as a function of price

Whereas in the first half of the year, the average home was in contract in 15 days or less, properties now are staying on the market 1-2 weeks longer, with most categories selling in less than a month. For homes in the $5,000 and up range, average time on market has climbed from 46 to 68 days.

Sales to list price as a function of price

In the sale-price-to-list-price-ration histogram here, we see that offers average a few percent above list all price brackets. As realtors, this makes advising clients on offer price tricky. Historical averages are often outstripped by pent-up demand. Recent downward trends in price reflect a growing sentiment that the meteoric rise of recent years is due for a correction. Fortunately, market corrections in Silicon Valley have historically been short compared to national averages.

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.