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Sunday, January 21, 2018   /   by Nora Bishop

Sunnyvale Real Estate Market Report - 2017 Year in Review

Sunnyvale Real Estate Market Report - 2017 Year in Review




Inventory levels all over the Silicon Valley real estate market hit their lowest levels ever in 2017. Just like Mountain View and Santa Clara, Sunnyvale reported the lowest inventory in the Silicon Valley real estate market, with just 0.1 months available inventory by the end of the year. Year-over-year sales totals were higher, just like the Los Altos and San Josemarkets. This pushed the price-per-square-foot to its highest levels as well. As we start 2018, we expect to see further price appreciation until either new construction increases or people move out of the area.


Sunnyvale Real Estate Market - Total Sales


 


Overall, 3.2% more homes were sold in Sunnyvale in 2017 (911) than in 2016 (883). January 2017 started off with 40 total sales, 24.5% less than those sold in January 2016 (3). They dropped off slightly in February but began a drastic increase each month ...

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Sunday, January 21, 2018   /   by Nora Bishop

Santa Clara Real Estate Market Report - 2017 Year in Review

Santa Clara Real Estate Market Report - 2017 Year in Review


Inventory levels all over the Silicon Valley real estate market hit their lowest levels ever in 2017. Just like the Mountain View real estate market, Santa Clara's inventory levels showed just 0.1 months of availability by the end of 2017. The average sale price and price-per-square-foot reached their highest levels ever by the end of the year. As we start 2018, we expect to see further price appreciation until either new construction increases or people move out of the area.


Santa Clara Real Estate Market - Total Sales


The Santa Clara real estate market began 2017 with a total of 27 homes sold. Monthly sales rose each month until reaching their peak of 126 in June. They fell to just 87 in July but picked right back up in August with a reported 114. As temperatures cooled off, so did the Santa Clara market. It ended the year with 66 total sales reported in December 2017, 10% more than the 60 report ...

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Sunday, January 21, 2018   /   by Nora Bishop

San Jose Real Estate Market Report - 2017 Year in Review

San Jose Real Estate Market Report - 2017 Year in Review


Inventory levels all over the Silicon Valley real estate market hit their lowest levels ever in 2017. Just like the Los Altos real estate market, San Jose inventory levels showed just 0.3 months' available by the end of 2017. Even with lower inventory available, year-over-year sales totals were higher, also like the Los Altos market. This pushed the price-per-square-foot to its highest levels ever. As we start 2018, we expect to see further price appreciation until either new construction increases or people move out of the area.


San Jose Real Estate Market - Total Sales


Overall, 1.4% more homes were sold in San Jose in 2017 (8,174) than in 2016 (8,061). January 2017 started off with 435 total sales, 25% less than those sold in January 2016 (579). Monthly sales rose each month dramatically until they reached their peak of 915 in June. Summer continued its hot streak with 808 sales in July and 824 in A ...

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Sunday, January 21, 2018   /   by Nora Bishop

Mountain View Real Estate Market Report - 2017 Year in Review

Mountain View Real Estate Market Report - 2017 Year in Review


Available inventory in the Silicon Valley real estate market hit their lowest levels ever. Just like Cupertino and Los Altos, Mountain View inventory levels fell below one month. Total sales for the year came in lower as well due to fewer homes to sell. Both factors have forced the average sale price and price-per-square-foot to their highest levels ever. As we start 2018, we expect to see further price appreciation until either new construction increases or people move out of the area.


Mountain View Real Estate Market - Total Sales


Overall, 2.3% fewer homes were sold in Mountain View in 2017 (559) than in 2016 (572). January 2017 started off with quite a bit less total sales than in January 2016 (35 in 2016 vs 21 in 2017). Each month after that, they increased through May. After a slight drop in June, sales began to go up again until they reached their peak of 60 in August. Eventually ...

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Tuesday, January 16, 2018   /   by Nora Bishop

Los Altos Real Estate Market Report - 2017 Year in Review

Los Altos Real Estate Market Report - 2017 Year in Review


Like most of the Silicon Valley real estate market, including the Cupertino market, Los Altos housing inventory dropped to its lowest levels at the end of 2017. Total sales rose. Both of these factored into forcing the average sale price and price-per-square-foot to their highest levels ever. As we start 2018, we expect to see further price appreciation until either new construction increases or people move out of the area.


Los Altos Real Estate Market - Total Sales





Overall, 15.5% more Los Altos homes were sold in 2017 (381) than in 2016 (330). January reported a total of 17 homes sold. There was a steady increase for each month until the Los Altos real estate market hit its peak in June with 49. Sales began to decrease in July but went up again in September, hitting its second highest peak in November with 41 sold. Finally, the year ended with 18 sold in December, only slightly higher than ...

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