Housing and Market Updates
Home sales data from November is in! The new median sales prices for single family homes across our 5 local counties were:
⬇️Santa Clara County - $1.58M ($1.59M in October)
⬇️San Mateo County - $1.71M ($1.81M in October)
⬇️Alameda County - $1.16M ($1.21M in October)
⬇️Santa Cruz County - $1.24M ($1.35M in October)
⬆️Contra Costa County - $860K ($843K in October)
With the exception of Contra Costa county, all counties showed a decline between October and November sales. Relative to year over year changes, all showed either flat or slightly lower median prices in November 2022 compared to November 2021. Contra Costa continues to offer strong value to home buyers, where their money can stretch farther to own a single family home or just a larger home for the same price they’d pay in Silicon Valley areas.
How the most recent market changes affect home values is “hyper” local! That’s why if you’re thinking of making a move, it’s important to begin those conversations early with a trusted, local real estate expert that knows the real-time trends about home sales in your neighborhood.
Please don’t hesitate to reach out (DM, text, email, call) with any questions. For a home value estimate, click here. For more information about housing market trends, check out my latest blog post here.
Hello! I'm Janet Souza, lifestyle blogger and REALTOR® at Christie's International Real Estate Sereno. I live and work in Silicon Valley and love everything our wonderful area has to offer. If you live in Silicon Valley or are thinking about moving here, you've come to the right place! Stay up to date with local events, theater, concerts, Real Estate and more!
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