| Buyer's
Market |
Seller's
Market |
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| Almaden
Valley |
Almaden Valley maintains its status of popularity within San Jose. Compared to other parts of San Jose, many of the homes and townhomes are newer, with excellent schools. The number of homes available for sale as of 1/26/07 is 48. There are 31 homes that have currently sold but not closed yet. The prices of single family homes currently listed in Almaden range from $3,795,000 to $499,950. There are 12 townhomes available for sale and 3 that have sold, but have not closed yet. The prices of the townhomes currently for sale range from $1,150,000 to $620,000.
Zip Codes 95120
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| Blossom Valley |
Situated in south San Jose, just northeast of the breathtaking Los Capitancillos Ridge that separates it from Almaden Valley, Blossom Valley's well regarded schools, recreational amenities, outstanding Mediterranean climate and convenient location make it one of the region's best family neighborhoods. And by Silicon Valley standards, it's even affordable. Blossom Valley currently has 101 single family homes on the market with 48 in pending status. Homes that are priced well sell fast, however, many homes have been sitting on the market 90, 100, even 120 days with no offers.
Zip Codes 95123, 95136
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| Campbell |
Campbell
offers a charming mix of older and newer neighborhoods, a historic downtown area with quaint restaurants, and is conveniently located in the center of Silicon Valley with an easy commute. With more listings coming onto the market daily, it appears as sellers are becoming more active. Currently there are 76 single family homes on the market with 39 in pending status. Homes are selling fast with condos sitting a bit longer on the market.
Zip Codes 95008, 95009, 95011
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| Cupertino |
Cupertino
is a city rich in diversity with very high ranking public schools. This city is home to companies such as Apple and Hewlett-Packard. Currently there are 46 homes on the market with 11 sales recorded for the month. With an average sale price of $1,259,133 most are staying on the market for 33 days and selling for 96.38% of list. There are 20 Condos or townhomes on the market with 10 sales recorded for the month. With an average sale price of $613,360 most are selling for 99.10% of list with 42 days on the market.
Zip codes 95014, 95015
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| Gilroy |
Known
throughout the world as the "Garlic Capital" of the world and also for its huge Outlet Mall Center, Gilroy is the driving force for additional Commercial Development along both sides of Highway 101 south. Commercial development is still driving growth in Gilroy. Gilroy, like most cities in Santa Clara, as of December 2006, is still leaning toward more of a buyer's market, even though the inventory has decrease considerably, as prices in most areas are still slightly adjusting.
Zip Code 95020 |
| Los
Altos |
Los
Altos is seven square miles of some of the most desired real estate in California. A quaint residential community with strong public schools, Los Altos is extremely hot with an average single family home price of $1,590,389. Currently there are 68 homes and 9 condos for sale in Los Altos.
Zip Codes 94022, 94024, 94305, 94306, 94040, 94041
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| Los
Altos Hills |
Los
Altos Hills homes are some of the most exquisite properties in the area. Minimum lot sizes are one acre, and most properties in Los Altos Hills take full advantage of the sweeping views of the Bay Area. There are currently 37 homes on the market with 10 recorded sales for the month. With an average sale price of $2,606,700. They are selling for 93.97% of list with an average of 109 days on the market.
Zip Code 94022
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| Los
Gatos |
Los Gatos
is an upscale community with great schools, shopping, and restaurants. Los Gatos currently has approximately 77 properties on the market and 34 in pending status. This means that there are 34 houses under contract right now. Properties are moving and well priced homes will sell fast.
Zip Code 95032
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| Milpitas |
Milpitas is often called the “Crossroads of Silicon Valley” with most of its 14.5 square miles of land situated between two major freeways (I-880 and I-680), State Route 237, and a county expressway. It is a strong buyer's market in Milpitas.
Zip Codes 95035, 95131, 95132, 95133
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| Morgan
Hill |
Morgan Hill is a highly valued, sought after location for Silicon Valley, with a strong family-oriented and well governed community. Large homes, Country Estates, and Ranches blend with condo's and townhomes quite nicely. Many community activities abound on a yearly basis. Home pricing is comparable to San Jose; Morgan Hill's average sales price is still over $100,000 higher than the average sales price of San Jose for the 2nd month in a row. Morgan Hill's average price for a Single Family Home (SFH) saw a decrease, down almost 2.3% in December from November (down almost 12%).
Zip Code 95037
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| Mountain
View |
The
city of Mountain View is located 10 miles north of San Jose and 35 miles south of San Francisco. Residents enjoy access to plenty of recreational opportunities and programs through an outstanding parks and recreation department. Mountain View continues to be a very active real estate market. Last month there were 9 closed Single Family Homes, and 6 closed Condominiums and Townhomes. The median price for a SFR was $1,000,000and the average price was $1,047,253. The median price for a Condominium was $524,950 and the average price was $572,472. The average days on the market was 27 for SFR and 34 for Condo/Townhome. There is currently 12 Single Family Homes on the Market and 15 Condominiums on the market.
Zip Codes 94041, 94040, 94042, 94035, 94039
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| Palo
Alto |
Palo Alto's tree-lined streets, family-friendly neighborhoods, award-winning schools, vibrant downtown, and scenic parks, it is no wonder this is a highly desirable city to live in. Palo Alto is also home to Stanford University, arguably the epicenter of Silicon Valley. Homes continue to sell quickly and most continue to have multiple offers except at the very high end. The Palo Alto market currently has 29 properties on the market with 27 recorded sales for the month. The average sale price was $1,385,963 most sellers were seeing offers that represented 99.88% of list within 39 days. There are currently 12 Condos/Townhomes on the market with 10 recorded sales for the month with an average sale price of $697,000. Most offers represented 99.86% of list and were received within 31 days.
Zip Codes 94301, 94302, 94303, 94304, 94305, 94306
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| Santa
Clara |
Santa Clara, located in the center of the Silicon Valley, is home to many big-name firms, Santa Clara University and attractions like Paramount's Great America theme park, the Intel Museum and Mission Santa Clara. There are currently 116 hpmes on the market with 60 sales. Percent of list price is 100.03%, with the average price being $744,260.00 and average days on market is 32.
Zip Codes 95051, 95050, 95055, 95056, 95052, 95053, 95054
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| San
Jose |
The
City of San José has the nation's best public safety record of any metropolitan area, a marvelous ethnic diversity and a beautiful climate. There are 1326 single family homes on the market, and 451 townhomes and condos. The median price of single family homes in the Santa Clara County is $695,000 The median price of townhomes/condos is $486.525.
Zip Codes 95111, 95123, 95136, 95118, 95121, 95138, 95120, 95125, 95148
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| Santa Teresa |
Located in southeastern San Jose near the junction of state highways 101 and 85, the community of Santa Teresa features tree-lined streets and well-manicured neighborhoods. Residents enjoy a laid-back lifestyle with easy access to all that San Jose has to offer. Santa Teresa County Park is just a short distance away. No other county park offers as much undeveloped green space so close to homes, shopping centers and high-tech businesses. There are currently 46 homes on the market in Santa Teresa. There are 23 homes in pending status.
Zip Codes 95119, 95111, 95138
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| Saratoga |
Saratogais a quiet town nestled at the base of the coastal range; it has highly regarded schools and is noted for low crime, great restaurants, and a pleasant atmosphere. Saratoga's 1950's sprawling ranch-style homes are giving way to new construction, especially on larger lots. In 2007 the market is expected to still be a little soft for awhile but prices are more "Flat" than down. Multiple offer in all areas have subsided but not gone away.
Zip Code 95070
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| Sunnyvale |
The
City of Sunnyvale has continued its record as one of the safest cities in America. Residents can enjoy city-owned facilities, including events at the performing arts center, many parks, an indoor sports center and a public library. Some find Sunnyvale condos and homes more moderately priced in comparison with other Valley communities. Currently there are 58 active listings for Single Family Homes with 45 recorded sales for the month. The average sale price was $830,962 with most sellers receiving offers that were 99.26% of list within 38 days. There are currently 27 condos/townhomes with 19 recorded sales for the month. The average sale price was $550,829 and most sold within 42 days for 99.97% of list.
Zip Codes 94087, 94086, 94088, 94090, 94089, 94085
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