End of Summer Data Drop

Did you know that JUST because the kids are back in school doesn’t mean that it’s homework time – at least not for you! Here at Homes of Silicon Valley we actually LIKE digging into all the data, which means that you don’t have to. While you’ve heard that home prices are rising and inventory is low, we’ve compiled the most recent and relevant analytics that give you some perspective on where the market is really at… and what it might mean for you.

IN GENERAL

| Price per square foot is highest since the end of 2007

| Sales improving in mid-high-priced markets, declining in lower priced market segments

| Inventory continues to decline… 12 consecutive months & counting (3.2 months statewide as of July 2017)

| Bay Area housing inventory is the lowest in the state – 2.1 months

SAN JOSE AVERAGE PRICE & DOM

| Average San Jose SFR Price: $1,102,001

| Average San Jose SFR Days On Market: 19

| Average San Jose Condo/Townhome Price: $650,370

| Average San Jose Condo/Townhome Days On Market: 19

Los Gatos Average Price & DOM

| Average Los Gatos SFR Price: $2,005,564

| Average Los Gatos SFR Days On Market: 23

| Average Los Gatos Condo/Townhome Price: $1,155,714

| Average Los Gatos Condo/Townhome Days On Market: 27

Campbell Average Price & DOM

| Average Campbell SFR Price: $1,357,387

| Average Campbell SFR Days On Market: 17

| Average Campbell Condo/Townhome Price: $924,750

| Average Campbell Condo/Townhome Days On Market: 13

Ready for the cliff notes?! It’s a GREAT time to sell… and if you have been on the fence, this data should serve as the tipping point. Properties are moving FAST, the return on your investment is BIG and the time is NOW. Feel free to give us a call to chat about your specific goals, potential return on your investment and the distinct advantages of a fall sale (think post- summer vacation distraction and pre-holiday madness!).

Let's make it happen,

Mark & Jason

Data Above Courtesy Of:

http://www.car.org/marketdata/data/countysalesactivity/

http://www.sccaor.com/housing-stats/ (July 2017)