The Santa Clara County real estate statistics for Single Family Homes
Read the full report for houses and duet homes in Santa Clara County here (You can also access the stats for San Mateo and Santa Cruz Counties from here!)
Prices are up year-over-year due to a prolonged, unrelenting sellers market. Available inventory is less than half of what it was a year ago, while sales remain consistent. This is bad news for buyers – the market conditions can’t balance out without inventory to meet the demand!
|Trends At a Glance||Jan 2018||Previous Month||Year-over-Year|
|Median Price||$1,163,000 (-10.1%)||$1,293,690||$929,000 (+25.2%)|
|Average Price||$1,439,310 (-7.5%)||$1,556,330||$1,259,470 (+14.3%)|
|No. of Sales||450 (-36.1%)||704||488 (-7.8%)|
|Pending||581 (+12.8%)||515||533 (+9.0%)|
|Active||376 (+38.7%)||271||762 (-50.7%)|
|Sale vs. List Price||108.9% (-0.4%)||109.3%||101.2% (+7.6%)|
|Days on Market||21 (+2.0%)||21||37 (-43.0%)|
|Days of Inventory||25 (+117.1%)||12||47 (-46.5%)|
And the numbers from last month for comparison:
|Trends At a Glance||Dec 2017||Previous Month||Year-over-Year|
|Median Price||$1,293,690 (+0.4%)||$1,288,500||$960,000 (+34.8%)|
|Average Price||$1,556,330 (-3.9%)||$1,619,100||$1,186,120 (+31.2%)|
|No. of Sales||704 (-11.1%)||792||746 (-5.6%)|
|Pending||515 (-32.1%)||758||544 (-5.3%)|
|Active||271 (-41.2%)||461||694 (-61.0%)|
|Sale vs. List Price||109.3% (+0.8%)||108.5%||101.2% (+8.0%)|
|Days on Market||21 (-3.5%)||22||34 (-39.3%)|
|Days of Inventory||12 (-31.6%)||17||28 (-58.6%)|
Mark your calendars, it’s time to clear out your E-Waste! From 9AM to 1PM on February 10th in Saratoga and Campbell, and on February 17th in Los Gatos you can drop off those old and broken electronics, courtesy of West Valley Collection & Recycling. Drop off is free and easy, but come prepared. Restrictions apply to what you can deposit (check the list below), and be ready with your ID to leave your name, address, and phone number, which will be kept confidential but is required by the State of California for E-Waste disposal.
What to Bring:
- External hard drives
- Keyboards and Computer Mouses
- CD, DVD, & Blu-Ray Players
- CDs, DVDs, Blu-Ray Discs and VHS tapes
- Electronic Games
- Radios and Stereos
No Appliances, Batteries or Light Bulbs!
Please call (408)283-9250 for questions regarding other drop off items
Where to be?
Here are the drop-off locations as provided by WVC&R.
Drop Off for February 10, 2018 (Saturday) 9am – 1pm
Saratoga Prospect Center
19848 Prospect Rd, Saratoga 95070
Located between Miller Road and Saratoga-Sunnyvale Road
Orchard Community Church
157 E. Rincon Ave, Campbell 95008
Drop Off for February 17, 2018 (Saturday) 9am – 1pm
Calvary Church of Los Gatos
16330 Los Gatos Blvd, Los Gatos 95032
See the event flier here: http://westvalleyrecycles.com/serviceareas/pdf/E-Waste-Feb2018.pdf
Or visit the WVC&R page on E-Waste here: http://westvalleyrecycles.com/serviceareas/singlefamily-universalwaste.html
The idea of buying a home, especially a first one, is both exhilarating and overwhelming. Where do you begin if you want to buy a home in 2018? If you want to purchase real estate in Silicon Valley in 2018, you’ll need to get a number of things in order, including hiring professionals to help you.
Purchasing Silicon Valley real estate in this multiple offer market requires strong credit, a healthy down payment, time and energy, and no small amount of courage. Looking halfheartedly means you will see properties, but not buy. After the down payment, probably the most important element you’ll need to have is commitment, and further, you’ll need a strong team of professionals to assist you. Let’s talk about a solid home buying strategy. Continue reading
If you enjoy touring open houses, historic properties, and taking in attractive decor, you don’t want to miss the annual spring home tours in the San Jose area! Take a look at the opportunities listed below:
Note: Certain tours have not yet been updated for 2018, so the 2017 information will remain available until new details can be added.
Spring home tours in the San Jose area
AIA Santa Clara Valley: 3rd Annual Silicon Valley Home Tours, A Tour by Architects – May 5, 2018
10AM-4PM. Last year prices, no 2018 update: Early Bird: General Admission $75, AIA Members $59, After 5/21/17 and Day of $75
35th Annual Willow Glen Home Tour – May 5-6, 2018
10AM-4PM, Early Bird $40, At the Door for $50
No updates for 2018 to date. 22nd Los Gatos Historic Home Tour – Last Held on April 22 & 23, 2017
10AM-4PM, General Admission $50, VIP $75
No updates for 2018 to date. Fremont Older House & Garden Tours – Last Held on April 23, 2017
9AM-4PM, tours are full, but you can join the wait-list (mark in on your calendar for next year’s spring home tours early on!).
No updates for 2018 to date. Eischler Home Tours San Mateo Highlands – Last Held on May 6 & 7, 2017
10AM-3PM, Single Day $60, Two Days $100, Optional: Box Lunch $14, Poster $30, and VIP Happy Hour (May 6, 7PM-10PM) $50
Gilroy Assistance League: 13th Annual Impressions Home and Garden Tour – Last Held on May 12 & 13, 2017
No updates for 2018 to date. Wolfe & Higgins – Citywide Architectural Home Tour, Master Architects of the Spanish Revival – Last Held on August 26, 2017
Early Bird: General $35, Preservation Action Council Members $30, Day of: $40
GNGT: Going Native Garden Tour 2018 – April 7 & 8, 2018
10AM-4PM, Free with RSVP
Gamble Garden Tour – April 27 & 28, 2018
Updated information for 2018 will be available in January. Here’s the information from 2017: 10AM-4PM, Members $30, General $35, Volunteer $25, Lunch Tickets $15
No updates for 2018 to date. The Aromas Country Garden Tour – Last Held on May 13, 2017
10AM-4PM, tickets not available online
If you miss out on these events, there are a number of historic estates and gardens in the area with regular open hours.
The Ainsley house in downtown Campbell is open Thurs-Sun, March-December, 12PM-4PM (final tour at 3:15PM) with regular tours. Admission is $8 adult, $6 senior, $4 youth (7-17), and free for under 7.
The Winchester Mystery house may have some unusual sides to it, but in essence it’s a stunning mansion surrounded by a pristine garden. Prices vary by tour.
History San Jose has also provided virtual tours of both the Luis Maria Peralta Adobe, 1797, and the Carmel and Thomas Fallon House, 1850s. Find links to the tours on the page linked below.
Have we missed a tour of houses or homes that should be included? Please jot me a note or give me a call and we’ll get this page updated (and promote your event at no cost, of course). Be sure to include the dates, name of the tour, and a URL where people can get more information, please.
News flash: San Jose is the hottest real estate market in the country right now. Yesterday, the San Jose Mercury News ran another front page story about local residential real estate being off-the-charts-hot. That isn’t much of a surprise, as skyrocketing home prices has created a gripping drama here, and thus frequently appears as a page 1 story, whether it’s for renters, buyers, investors, or folks just priced out of the market and moving away.
What is interesting, though, is that San Jose is now said to be the #1 hottest real estate market in the U.S., according to Zillow. The whole San Francisco Bay Area is a strong seller’s market, of course, particularly the South Bay, Peninsula, East Bay, and San Francisco.
What does that mean for you that San Jose is the hottest real estate market in the country?
What can you expect in the hottest realty market in the country? Here are a few things that we are likely to experience in the next few months because of these extreme conditions:
- continued excessively low inventory that will rise, but not enough for demand (just 387 single family homes for sale in Santa Clara County two days ago, and 397 this moment)
- multiple offers on homes which:
- are moderately priced for its area (not the top tier of pricing, but mid to low ) – esp $800,000 to about $1,300,000 in most areas
- offer a good commute, good public schools, or both without being necessarily in the luxury tier – having both will be “red hot” market (Cupertino is a good example)
- provide a full battery of pre-sale inspections and disclosures from quality inspectors
- provide thorough seller disclosures
- are nicely staged and presented
- include quality professional photography
- are offered with an appropriate list price – not higher than the likely sale price, and usually lower to attract more buyers
- get strong marketing, including being on the open MLS and having the listing syndicated for maximum exposure
- with those offers, many will come with no contingencies of any kind, may include free rent backs, and of course will be As Is sales
- move down buyers and those armed with stock money will be competing in the mix and will have all cash (about 20% seem to be all cash, no loans now)
In other words, for most home owners, it will be relatively easy to sell since San Jose is the hottest real estate market. Many are inclined not to do so right now because they are afraid that if they do sell, they will not be able to purchase something else!
Winners in this market
For those wishing to relocate out of the San Jose or Silicon Valley area, this is an ideal real estate climate, since no where else is quite as overheated as Santa Clara County at the moment. Continue reading
Only a few have announced dates yet, so this post may be updated when I am alerted to more.
On Thursday, November 23, after starting the turkey and before the guests arrive, head over to the Saratoga Federated Church at 20390 Park Pl for the 52nd Annual Interfaith Thanksgiving Service from 10am-noon. This celebration is hosted by a different religious community each year in the Los Gatos, Saratoga, Monte Sereno area and is the perfect chance to share community time and spread thanksgiving with your neighbors. Congregation Beth David is the only website with information on this event at the present (please use the link to learn more).
Wishing everyone a very Happy Thanksgiving! Hope to see you at one of these events!
$2,188,000 : 13622 Riverdale CT, SARATOGA4 beds, 3 baths
$3,398,000 : 21995 Scenic Heights WAY, SARATOGA5 beds, 3 baths
$2,199,000 : 21788 Heber WAY, SARATOGA5 beds, 6 baths
$2,300,000 : 20560 KOMINA AVE, SARATOGA4 beds, 2 baths
$1,998,000 : 18935 SARATOGA GLEN PL, SARATOGA4 beds, 3 baths
See all Real estate in the city of Saratoga.
(all data current as of 6/18/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
This is not your seasonal Flu shot advisory. Nor is this a post about home wrecking pests. There is a citrus quarantine in the San Francisco Bay Area, as those pesky bugs mean business.
Do you like citrus?
Maybe you’ve heard stories about the disappearance of oranges in Florida. The cause is orchard destruction due to citrus greening – a disease which destroys fruit and eventually kills trees. Since it was first discovered in Florida, it has now infected 90% of groves in the state. No tree is naturally resistant and, while scientists and farmers race to find a solution, there is no treatment for the disease. (source)
California may have strict agricultural transportation rules, but citrus greening has spread to many areas of our state as well. Including the Bay Area.
Each autumn, the St. Martin of Tours School puts on a fabulous tour of lovely homes in San Jose’s Rose Garden neighborhood. While anyone driving through this central San Jose area can appreciate the diverse and beautiful architecture, often the best features of these homes are found inside.
This year is the tour’s 22nd Anniversary! The homes tour is a large scale fundraising effort for the school. Tours are self-guided with hosts in each home ready to answer questions and share interesting historical facts and stories about the homes. On display will also be floral designs, artwork, and perhaps some treasures. The garden segment of the tour includes the Tea Garden, a spot to sit and enjoy complementary refreshments or a gourmet lunchbox (available to pre-order through October 6th with your tickets). The tour also features a boutique, where 100% of the proceeds will benefit St Martin of Tours School (credit cards accepted!) and a donation drawing.
Tour dates are Saturday, October 14th and Sunday, October 15th from 10am-4pm both days. No children under 12 are allowed on the tour. Come any time within the tour hours to begin, but note that it is recommended that visitors allot about 2 hours to view every home and the tour ends promptly at 4pm.
Tickets are available at the door, online, or through families in the school.
To read about the homes from last year’s tour, and to learn more about this year’s tour, and to purchase tickets, and more please visit the official Rose Garden Homes Tour website.
$898,000 : 419 N 5th ST, SAN JOSE0 beds, 0 bath
$1,188,000 : 1782 Albert AVE, SAN JOSE3 beds, 2 baths
$649,999 : 5528 Entrada Cedros, SAN JOSE3 beds, 2 baths
$1,499,000 : 37 S 8th ST, SAN JOSE0 beds, 0 bath
$599,000 : 3230 Kenhill DR, SAN JOSE3 beds, 2 baths
$999,888 : 913 Hummingbird DR, SAN JOSE3 beds, 2 baths
$950,000 : 754 Pearlwood WAY, SAN JOSE3 beds, 2 baths
$898,000 : 1316 Keoncrest AVE, SAN JOSE3 beds, 1 bath
$649,800 : 3384 Landess AVE C, SAN JOSE2 beds, 2 baths
$1,049,999 : 321 N 19th ST, SAN JOSE3 beds, 3 baths
See all Real estate in the city of San Jose.
(all data current as of 6/18/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Pumpkin patches: schools, grocery stores, and churches often have patches, and sometimes you might spot a pumpkin or two among the other squash at a farmers market, but there are also organizations like this that host them all over the bay area: http://www.abctreefarms.net/san_francisco/pumpkin/location (not yet up to date)
And there are plenty of Haunted Houses/Mazes/Walks around the bay area:
Halloween events by area in Santa Clara County & Silicon Valley
8th Annual Sereno Group Pumpkin Decorating Contest (not yet up to date)