San Jose sale price to list price ratio – seasonal patterns

How is the San Jose sale price to list price ratio now? Is the Silicon Valley real estate market falling into seasonal patterns which may be somewhat predictable? When is it usually the best time to sell or buy in San Jose, Santa Clara County, or Silicon Valley?

Silicon Valley  home buyers and sellers all want to know what is the best timing for maximizing the profit when selling or when maximizing how much home you can get when buying. The sale price to list price ratio is an important data point as it indicates market heat generally. Most years, a hot market means overbids (but not always, I’ve seen years when multiple offers came in below the offer price – but that is rare). San Jose makes up about half of Santa Clara County, and that makes it a good place to get a pulse on this seasonal trends.

San Jose sale price to list price ratio graph by month, 2014 – present

Here’s an image of the sale price to list price ratio in San Jose from January 2014 to present. (Adding more years makes it difficult to see where the dips and rises are in the seasons.)

 

San Jose sale price to list price ratio for single family homes 2014 to present

 

In the above image, the vertical lines represent January 1st of each year (half of the years had markers indicating where that was, and on the other half I made my best attempt at identifying it).  It’s pretty clear that in many of those years, the low point is at the end of a calendar year – somewhere around November or December. But not always. It’s also pretty obvious that the peak is not terribly long after the new year in most cases: spring.

San Jose sale price to list price ratio: table from January 2010 to May 2021

I created a table for the San Jose sale price to list price ratio and was able to take it back to 2010 (best seen on a tablet, laptop, or desktop, not a cell phone) and pulled the patterns out by the high and low months for the sale price to list price ratio.

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