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.)
Spring 2020: Three Silicon Valley Counties
Santa Clara County Real Estate Market Report for May 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, and list price is up approximately 3% from last month while the sale price has dropped roughly 2%. Of course, it wasn’t an even slide. Late summer and winter saw a 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 5% drop in price for condos and townhomes since last year, and about a 3% rise in median list price and a 0.5% drop in median sale price from last month.