South Bay - Weekly Market Report: NOV 8 - 14, 2023
Check out this NOV 8 - 14, 2023 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 shows a healthy real estate market with a substantial median sold price. The quick median days on the market indicate high demand. The balance between new listings and sales suggests a steady market without rapid fluctuations.
Cupertino's market is similar to Campbell's, with a slightly higher median sold price reflecting possibly a more upscale market. The equal number of new listings and pending sales points to a stable market.
Los Altos stands out with a significantly higher median sold price, indicating a luxury market. Despite fewer sales, the market seems balanced with an almost equal number of new listings and pending sales.
Los Gatos has a higher number of active listings, suggesting a larger inventory. The longer median days on the market indicate that properties may take longer to sell here, possibly due to pricing or market saturation.
San Jose, with its vast number of listings and sales, shows a very active market. The lower median sold price compared to other cities suggests more affordable options. The slight price change indicates an adaptive market.
Santa Clara presents a moderately active market with a balance between new listings and sales. The median sold price and days on the market suggest a competitive market with reasonably quick sales.
Saratoga shows a high median sold price, indicating a high-end market. The low number of new listings compared to sales could suggest a competitive market with more buyers than available properties.
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