real estate market report
Below please find real estate market reports for three Silicon Valley counties where I’m most active: Santa Clara County, San Mateo County, and Santa Cruz County. First we’ll provide the data for single family homes, then condos and townhomes, for each region. (“Silicon Valley” is 95% within Santa Clara and San Mateo Counties, plus a little of Santa Cruz County and a small part of Alameda County. Alameda County uses a different MLS system, and I don’t usually sell there, so am not covering it in my reports.)
Summer 2020: Three Silicon Valley Counties
Santa Clara County Real Estate Market Report for July 2020
First, Santa Clara County – home to San Jose, Cupertino, Sunnyvale, Mountain View, Palo Alto, Los Altos, Santa Clara, Campbell, Los Gatos, Saratoga, Monte Sereno, Milpitas, Morgan Hill,and a number of other cities and towns. This area has generally come up in price about 2-3% since last year, though in July the median sale price is almost 7% higher in 2020 than in 2019! Since last month, sales prices are holding steady and median list price is down approximately 2% from last month, though it is up around 5% compared to 2019. Of course, it hasn’t been even growth. Late summer and winter saw drops after last year’s highest peak in sales price around late spring. We’re currently near the usual seasonal peak market, beating the sales price average of 2019 but still below peak prices from May 2018.
And the condominium and townhouse report for Santa Clara County:
This year shows about a 3% rise in sales price for condos and townhomes since last year, and about a 4% rise in median sales price and a stable median list price from last month.