Santa Clara County Q4 2023

REAL ESTATE REPORT Q4 2023 SANTA CLARA COUNTY Report from Jackie Schoelerman

The Quarterly Report offers insight into residential real estate sales activity and regional trends. It complements the Area Report, giving you a broader look at the real estate market. If you are interested in receiving the Area Report, please let me know. I would be happy to set that up for you. The market summary below offers a look at sales activity for the prior quarter and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market.

JACKIE SCHOELERMAN CalRE : 01092400 Direct: 650-855-9700 Cell: 650-855-9700 jackie@schoelerman.com www.schoelerman.com

REAL ESTATE SNAPSHOT SANTA CLARA COUNTY Q4 2023

-0.17%

8.17% AVERAGE SOLD PRICE ALL PROPERTY TYPES 4.12% AVERAGE LIST PRICE ALL PROPERTY TYPES

10.04% MEDIAN SOLD PRICE ALL PROPERTY TYPES 4.36% MEDIAN LIST PRICE ALL PROPERTY TYPES -31.25% MEDIAN DAYS ON MARKET ALL PROPERTY TYPES

PROPERTIES SOLD ALL PROPERTY TYPES

7.41%

NEW LISTINGS ALL PROPERTY TYPES

3.81% LIST/SELL PRICE RATIO ALL PROPERTY TYPES

-27.59% AVERAGE DAYS ON MARKET ALL PROPERTY TYPES

New Listings

% Properties Sold

% Median Sold Price

% Median DOM %

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Change

Change

Change

Change

Alviso (San Jose) Single Family Homes Condo/Townhouse

2 2 0

0 0 0

1 1 0

0 0 0

$1.28 M $0 $1.28 M $0

35 35

0 0 0

$0

$0

0 9 8

Campbell

56 46 37 30 19 16 64 43 44 36

74 52 22 62 49 13 92 82 10 59 45 14 13 13

73 45 28 56 40 16 77 75

$1.66 M $1.50 M 11% $1.87 M $1.68 M 12% $1.03 M $1.00 M 3.09% $2.91 M $2.43 M 20% $3.06 M $2.63 M 17% $1.31 M $1.02 M 28% $1.05 M $1.00 M 5.00% $1.12 M $1.03 M 8.98% $564 K $740 K -24% $3.85 M $3.83 M 0.65% $4.35 M $3.94 M 10% $1.54 M $1.65 M -6.82% $5.00 M $5.30 M -5.66% $5.00 M $5.30 M -5.66%

11 -18% 12 -33%

22% 23% 19% 49% 22%

1.37%

Single Family Homes

16%

Condo/Townhouse

19

9 111%

-21%

Cupertino

8 8 7

12 -33%

11% 23% -19%

Single Family Homes

8 0.00%

Condo/Townhouse

20

7

41 -83%

186%

Gilroy

96 99 -3.03% 89 94 -5.32%

14 13 30

27 -48% 27 -52% 62 -52% 13 -38% 11 -36% 29 -10%

19%

Single Family Homes

9.33%

Condo/Townhouse

7

5

2

40%

400%

Los Altos

54 40 42 32

61 -3.28%

8 7

35% 31% 50%

Single Family Homes

54

-17%

Condo/Townhouse

12

8

7

26

100%

Los Altos Hills

15 15 0.00% 15 15 0.00%

15 15

11 11

9 9 0

-13% -13%

22% 22%

Single Family Homes Condo/Townhouse

0

0

0

0

$0

$0

0

SANTA CLARA COUNTY REAL ESTATE SNAPSHOT | Q4 2023

New Listings

% Properties Sold

% Median Sold Price

% Median DOM %

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Q4 2023

Q4 2022

Change

Change

Change

Change

Los Gatos

89 86 3.49% 64 61 4.92% 25 25 0.00%

100

90 67

$2.30 M $2.14 M 7.73% $2.66 M $2.60 M 2.31% $1.58 M $1.32 M 19% $1.34 M $1.28 M 4.69% $1.53 M $1.40 M 9.29% $960 K $1.06 M -9.43% $3.48 M $3.57 M -2.56% $3.48 M $3.57 M -2.56% $1.32 M $1.20 M 11% $1.40 M $1.25 M 12% $882 K $883 K -0.11% $1.79 M $1.60 M 12% $2.50 M $2.35 M 6.38% $1.29 M $1.20 M 7.50% $2.75 M $3.00 M -8.33% $3.05 M $3.31 M -7.72% $1.60 M $1.46 M 9.38% $1.31 M $1.20 M 9.08% $1.53 M $1.38 M 11% $818 K $760 K 7.57% $1.61 M $2.06 M -22% $1.61 M $2.06 M -22% $1.55 M $1.40 M 11% $1.74 M $1.58 M 10% $982 K $977 K 0.56% $3.38 M $3.00 M 13% $3.50 M $3.40 M 2.94% $1.49 M $1.26 M 18% $2.56 M $2.70 M -5.28% $2.56 M $2.70 M -5.28% $1.69 M $1.77 M -4.39% $2.36 M $2.25 M 5.23% $1.28 M $1.26 M 1.54% $1.48 M $1.35 M 10% $1.73 M $1.55 M 12% $0 $0 $0 $0 $0 $0

13 12 29 13 12 14 14 14 14 15 12 0

23 -43% 23 -48% 23 26% 16 -19% 14 -14% 23 -39% 30 -53% 30 -53% 27 -48% 27 -44% 20 -40% 14 -29% 14 -43% 16 -25% 13 -15% 12 -25% 40 -68% 17 -35% 17 -41% 17 -18% 28 18% 28 18% 0

11% 18%

Single Family Homes

79 21 75 34 41

Condo/Townhouse

23 -8.70%

Milpitas

61 78 23 43

87 50 37

-22% -47%

-14% -32%

Single Family Homes

Condo/Townhouse

38 35 8.57%

11%

Monte Sereno

8 8 0

6 6 0

6 6 0

6 6 0

0.00% 0.00%

33% 33%

Single Family Homes Condo/Townhouse

Morgan Hill

92 88 4.55% 74 69 7.25% 18 19 -5.26%

103

94 81 13 97 41

9.57% 0.00%

Single Family Homes

81 22

Condo/Townhouse

69%

Mountain View

99 85 51 27 48 58 74 86 55 63 19 23

109

10

16% 89% -17% -14% -13% -17%

12% 34%

Single Family Homes

55 54 90 66 24

8

Condo/Townhouse

56 -3.57%

12

Palo Alto

85 61 24

11

5.88% 8.20% 0.00%

Single Family Homes

9

Condo/Townhouse

13

San Jose

1107 1015 9.06%

1208 1286 -6.07%

11

Single Family Homes 726 708 2.54%

842 366

910 -7.47% 376 -2.66%

10 14 33 33

Condo/Townhouse

381 307

24%

San Martin

6 6 0

12 12

6 6 0

13 13

-50% -50%

-54% -54%

Single Family Homes Condo/Townhouse

0

0

0 9 9

0

Santa Clara

126 121 4.13% 77 78 -1.28%

157

128

11 -18%

23% 19% 29% 41% 58% -25% 300% 300%

Single Family Homes

99 58 55 49

83 45 39 31

9 0.00%

Condo/Townhouse

49 43

10

19 -47%

14%

Saratoga

56 38 50 33

9 9 7

26 -65% 36 -75% 21 -67% 3 300% 3 300%

47% 52% 20%

Single Family Homes

Condo/Townhouse

6

5

6

8

Stanford

2 2 0

2 2 0

0.00% 0.00%

4 4 0

1 1 0

12 12

Single Family Homes Condo/Townhouse

0 9 8

0

Sunnyvale

137 136 0.74%

150

161 -6.83% 99 -5.05% 62 -9.68%

11 -18%

Single Family Homes

78 92 59 44

94 56

9 -11%

-15%

Condo/Townhouse

13

26 -50%

34%

Total

2145 1997 7.41%

2364 2369 -0.21% 1657 1672 -0.90%

11

16 -31% 15 -33%

Single Family Homes 1444 1402 3.00%

10

18%

1.43%

6.67%

-32%

Condo/Townhouse

701 595

707

697

$944 K $885 K

13

19

REAL ESTATE SNAPSHOT SANTA CLARA COUNTY

MARKET OVERVIEW Q4 2023 | Single Family Homes

-0.84%

8.83% AVERAGE SOLD PRICE SINGLE FAMILY HOMES 4.49% AVERAGE LIST PRICE SINGLE FAMILY HOMES

11.77% MEDIAN SOLD PRICE SINGLE FAMILY HOMES 6.28% MEDIAN LIST PRICE SINGLE FAMILY HOMES -33.33% MEDIAN DAYS ON MARKET SINGLE FAMILY HOMES

PROPERTIES SOLD SINGLE FAMILY HOMES

2.99%

NEW LISTINGS SINGLE FAMILY HOMES

4.38% LIST/SELL PRICE RATIO SINGLE FAMILY HOMES

-28.57% AVERAGE DAYS ON MARKET SINGLE FAMILY HOMES

LISTING INVENTORY AND NUMBER OF SALES Q4 2023 | Single Family Homes Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES Q4 2023 | Single Family Homes Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET Q4 2023 | Single Family Homes Average Sales Price | Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM Q4 2023 | Single Family Homes Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price. Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE Q4 2023 | Single Family Homes Average Sales Price | Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES Q4 2023 | Single Family Homes Properties for Sale | Number of properties listed for sale at the end of quarter. Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY Q4 2023 | Single Family Homes Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold | Number of properties sold.

REAL ESTATE SNAPSHOT SANTA CLARA COUNTY

MARKET OVERVIEW Q4 2023 | Condo/Townhouse

1.43% PROPERTIES SOLD CONDO/TOWNHOUSE

6.76% AVERAGE SOLD PRICE CONDO/TOWNHOUSE 3.97% AVERAGE LIST PRICE CONDO/TOWNHOUSE

6.67% MEDIAN SOLD PRICE CONDO/TOWNHOUSE 3.46% MEDIAN LIST PRICE CONDO/TOWNHOUSE

17.82%

NEW LISTINGS CONDO/TOWNHOUSE

2.48% LIST/SELL PRICE RATIO CONDO/TOWNHOUSE

-28.13% AVERAGE DAYS ON MARKET CONDO/TOWNHOUSE

-31.58% MEDIAN DAYS ON MARKET CONDO/TOWNHOUSE

LISTING INVENTORY AND NUMBER OF SALES

Q4 2023 | Condo/Townhouse

Quarterly inventory of properties for sale along with number of sales

MEDIAN SALES PRICE AND NUMBER OF SALES Q4 2023 | Condo/Townhouse Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET Q4 2023 | Condo/Townhouse

Average Sales Price | Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM Q4 2023 | Condo/Townhouse Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price. Average Days on Market | Average days on market for all properties sold.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE

Q4 2023 | Condo/Townhouse Average Sales Price | Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of quarter.

PROPERTIES FOR SALE AND SOLD PROPERTIES Q4 2023 | Condo/Townhouse Properties for Sale | Number of properties listed for sale at the end of quarter. Sold Properties | Number of properties sold.

MONTHS SUPPLY OF INVENTORY Q4 2023 | Condo/Townhouse Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold | Number of properties sold.

ADDITIONAL REPORTS SANTA CLARA COUNTY Q4 2023

ALVISO Monthly Report Quarterly Report

CAMPBELL Monthly Report Quarterly Report

CUPERTINO Monthly Report Quarterly Report

GILROY Monthly Report Quarterly Report

LOS ALTOS Monthly Report Quarterly Report

LOS ALTOS HILLS Monthly Report Quarterly Report

LOS GATOS Monthly Report Quarterly Report

MILPITAS Monthly Report Quarterly Report

MONTE SERENO Monthly Report Quarterly Report

MORGAN HILL Monthly Report Quarterly Report

MOUNTAIN VIEW Monthly Report Quarterly Report

PALO ALTO Monthly Report Quarterly Report

SAN JOSE Monthly Report Quarterly Report

SAN MARTIN Monthly Report Quarterly Report

SANTA CLARA Monthly Report Quarterly Report

SARATOGA Monthly Report Quarterly Report

STANFORD Monthly Report Quarterly Report

SUNNYVALE Monthly Report Quarterly Report

MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD. QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.

Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact a Coldwell Banker Independent Sales Associate.