Cash is KingHow common are “all cash” transactions for Silicon Valley real estate right now?  Throughout Santa Clara County, they were 25% of all sales, up from 20% in October 2011,  among houses, duet homes, condominiums and townhouses (class 1 and class 2, does not include mobile homes, 2-4plex or apartment buildings or raw land).   What’s trending? Lots, including more cash offers.

Some areas and some types of sales are more frequently all cash than others.  Here are a few quick stats for the last month (last 30 days from today – numbers from MLSListings, crunched by me – disclaimer on good intentions but no guarantee). Also, please note that this is for CLOSED SALES. As of this writing, we are seeing a huge uptick in multiple offers in all price ranges in many parts of the valley, and it seems that many are all cash or very large cash downpayments.

  • Santa Clara County: 25% all cash
  • San Jose (entire city): 27% all cash
    • San Jose short sales: 27% all cash (down from 33% in Oct 2011)
    • San Jose bank owned or REO sales: 39% all cash (38% Oct 2011)
    • Short sales & REOs were 52% of all sales in San Jose in last 30 days (was 48% Oct 2011)
    • Of SJ homes listed at $300,000 or less: 44% all cash (was 48% Oct 2011)
    • Of SJ homes listed at/under $500,000: 33% were all cash (didn’t track in October 2011)
  • Los Gatos: 9% all cash
  • Saratoga: 8% all cash
  • Almaden Valley area of San Jose: 10% all cash

Some of these sales will have no financing and the new owners will occupy the home.  Particularly in lower priced homes, though, these are investor buyers who will be renting out the property.  This is often the case with the lower price distressed properties in particular.  In higher priced homes, some new owners will put financing on the property after close of escrow.

With the crazy new demands that keep coming at us from banks and new requirements being imposed on appraisers, now more than ever, cash is king.  That doesn’t mean that the cash buyer will get a deep discount, but there will be a slight one in most cases and certainly preferential treatment that will create a great advantage in multiple offer situations.

Learn more about buying and selling Silicon Valley real estate with cash offers:

Cash offers: what do you need to know if buying “all cash”?

Q & A: Making an Offer

What’s My Silicon Valley Home Worth? Estimating the Probable Buyer’s Value  (financing impacts market value)

  1. 4 beds, 3 baths
    Home size: 2,075 sq ft
    Lot size: 10,998 sqft
  2. 4 beds, 3 baths
    Home size: 2,133 sq ft
    Lot size: 7,000 sqft
  3. 4 beds, 3 baths
    Home size: 2,390 sq ft
    Lot size: 10,001 sqft
  4. 2 beds, 2 baths
    Home size: 1,104 sq ft
    Lot size: 1,441 sqft
  5. 3 beds, 3 baths
    Home size: 1,709 sq ft
    Lot size: 522 sqft
  6. 6 beds, 2 baths
    Home size: 1,982 sq ft
    Lot size: 20,852 sqft
  7. 5 beds, 4 baths
    Home size: 3,162 sq ft
    Lot size: 14,727 sqft
  8. 3 beds, 2 baths
    Home size: 1,498 sq ft
    Lot size: 5,501 sqft
  9. 3 beds, 3 baths
    Home size: 2,075 sq ft
    Lot size: 18,700 sqft
  10. 3 beds, 2 baths
    Home size: 1,396 sq ft
    Lot size: 5,501 sqft

See all Real estate matching your search.
(all data current as of 10/17/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


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Mary Pope-Handy
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at)
License# 01153805

Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
Special focus on:
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Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.

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Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
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