The numbers are in from August, and sales of single family homes continue to be on the rise in both Santa Clara and San Mateo Counties, the heart of Silicon Valley. And from the Good News for Buyers department, prices have leveled off and even come down in some areas year over year. You can also expect to have a little more time to poke around as properties spend more days on the market.
In the heart of Silicon Valley, one sheriff is embracing new technology like drones to help with de-escalating volatile situations and providing an “eye in the sky” for assessing threats to public safety. The Town Crier has more about the first deployment.
The Silicon Valley housing market continues its long rebound, with May seeing year-over-year increases in sales and median prices for both homes and condos in Santa Clara County. But you’ll need to act fast to have a chance at one of these properties because they’re spending less and less time on the block!
The numbers from December are in, and it’s a familiar story. But while sales of homes and condos are still below the same time last year, the gap is narrowing as inventory slowly returns. But buyers still need to act fast with homes spending an average of 23 days on the market. As far as the bottom line, median sales prices were up year-over-year, more so for homes (16%) than condos (5%).
Like we said earlier, you have to think big when it comes to home investments, and this chart says it all. While median house prices in Santa Clara County may have dipped a bit in 2023, they’re still more than double the pre-Recession peak in 2007. Want to see a more detailed report for your neighborhood? Request one today, and we’ll deliver it to your home or email.
