Blog Archives: July 2021

Homes of Silicon Valley hopes that you are enjoying summer to the fullest extent and able to do more of what you love with the company you love to keep. If all that fun is keeping you away from market headlines, have no fear – a quick summary of the 3 hottest trends right now is here! National trends making the news pertain to an increased demand for condos, price growth acceleration and deceleration based on market metros and more inventory. Snippets of stats are below, with links to the full articles included if you could snag that much ...

For years, Homes of Silicon Valley has been reporting data and trends related to the inventory shortage. This week, we are turning our focus to the driving force behind the continued lack of units to meet housing demand: the jobs to housing ratio. Below you will find some recent facts and figures that demonstrate what a balanced market looks like, compared to what the Bay Area has been facing for the last decade and beyond. BUILDING INDUSTRY ASSOCIATION STATS By mid-2017, the Bay Area added 42% of all new jobs projected through 2040 yet ...

July is here and summer is calling so let’s get right down to the data! June sales stats have just dropped and here is what you need to know: Sales prices for single-family, re-sale homes set new highs for the fifth month in a row. The median sales price was $1,747,620 last month, a gain of 26.6% compared to last year. That is the 20th month in a row the median sales price has been higher than the year before. SINGLE FAMILY HOMES* - Median SFR Price: $1,747,620 (+5.3% MoM; +26.6% YoY) - SFR Days on Market: 13 (-2.8% MoM; -42.2% Y ...