South Bay - Weekly Market Report: APR 10 - 16, 2024

Check out this APR 10 - 16, 2024 market report! Get the best insights on when to place a plan for your new home with this weekly market guide in South Bay.

📍 Campbell 📍 Cupertino 📍 Los Altos 📍 Los Gatos
📍 San Jose 📍 Santa Clara 📍 Saratoga

Campbell: Nestled in the heart of Silicon Valley, Campbell boasts a steady real estate market. With 19 active listings and 9 new listings, there's a decent inventory for prospective buyers. The median sold price stands at $2,210,000, indicating a robust demand for properties in this area. Homes tend to spend a median of 8 days on the market, reflecting the agility of transactions.

Cupertino: Home to tech giants like Apple Inc., Cupertino's real estate market remains buoyant. With 24 active listings and 13 new listings, there's ample choice for homebuyers. The median sold price is impressively high at $3,201,000, showcasing the premium value of properties in this coveted location. Properties typically spend a median of 7 days on the market, underscoring the swift pace of transactions.

Los Altos: Los Altos exudes a blend of affluence and charm, reflected in its real estate market. Despite having 42 active listings and 7 new listings, indicating a healthy inventory, the median sold price is strikingly high at $3,980,000. This figure underscores the desirability and exclusivity of properties in this prestigious locale. Properties linger on the market for a median of 13 days, suggesting a slightly longer but still brisk pace of sales.

Los Gatos: Nestled at the foot of the Santa Cruz Mountains, Los Gatos offers a picturesque setting and a thriving real estate scene. With 85 active listings and 19 new listings, there's a diverse array of properties to choose from. The median sold price stands at $3,280,000, highlighting the premium nature of homes in this sought-after community. Properties typically spend a median of 9 days on the market, reflecting strong demand and efficient sales processes.

San Jose: As the largest city in Silicon Valley, San Jose's real estate market is dynamic and diverse. With a whopping 444 active listings and 174 new listings, there's a plethora of options available for buyers. Despite the high inventory, the median sold price remains relatively affordable at $1,500,000, making San Jose an attractive option for those looking for value. Properties spend a median of 8 days on the market, indicating a swift turnover and competitive landscape.

Santa Clara: Santa Clara, home to major tech companies and renowned universities, offers a vibrant real estate market. With 74 active listings and 37 new listings, there's a healthy supply of properties for buyers to explore. The median sold price is $1,650,000, reflecting the premium placed on homes in this bustling city. Properties typically spend a median of 8 days on the market, demonstrating the efficiency of transactions.

Saratoga: Known for its upscale neighborhoods and scenic beauty, Saratoga's real estate market exudes luxury and sophistication. With 44 active listings and 19 new listings, there's a balanced inventory catering to discerning buyers. The median sold price is a substantial $3,240,000, underlining the prestige associated with properties in this esteemed enclave. Homes spend a median of 7 days on the market, indicative of strong demand and efficient sales processes.

Overall Analysis:

Across the Silicon Valley region, the real estate market remains robust, with each city offering its own unique appeal. While some areas command premium prices, others provide relatively more affordable options. Despite variations in median sold prices and days on the market, one commonality prevails: a strong demand for properties amidst a backdrop of innovation and opportunity. Whether you're a buyer, seller, or investor, navigating this dynamic market requires insight, expertise, and a keen understanding of local nuances.


Want more professional advice on buying houses or listing your home in San Francisco Bay Area? 
Contact Tracy Tang Team for more exclusive info:

TRACY TANG
DRE# 01956297
(415)828-2961
[email protected]   
ALEX LAU
DRE# 01979954
(408)207-6113
[email protected]

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