Daniel Pizano - Realtor, Broker, Agent

San Jose Real Estate

  • About
  • Listings
    • New Cambrian Listings
    • New Los Gatos Listings
    • New Saratoga Listings
  • Neighborhoods
    • Almaden Valley
    • Blossom Valley
    • Cambrian Park
    • Campbell
    • Downtown San Jose
    • Los Gatos
    • Santana Row
    • Willlow Glen
  • Sellers
  • Buyers
    • Market Update
  • Rentals
  • Blog

Santa Clara County Real Estate Update

January 31, 2016 By dpizano

December 2015

december-2015-market-action-update

Property Sales in Santa Clara County (Single Family Homes)

December property sales were 889, up from 742 in December of 2014 and 23.6% higher than the 719 sales last month. December 2015 sales were at their highest level compared to December of 2014 and 2013. December YTD sales of 10,848 are running 5.4% ahead of last year’s year-to-date sales of 10,288.

Prices

The median sales price in December was $917,000, up 9.1% from $840,500 in December of 2014 and down -3.9% from $954,000 last month. The average sales price in December was $1,155,749, up 7.1% from $1,079,317 in December of 2014 and down -4.4% from $1,208,762 last month. December 2015 ASP was at highest level compared to December of 2014 and 2013.

Inventory

The total inventory of properties available for sale as of December was 539, down -36.8% from 853 last month and down -16.4% from 645 in December of last year. December 2015 Inventory was at the lowest level compared to December of 2014 and 2013.

Market Time

The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for December was 32, up from 28 days last month and down from 34 days in December of last year. The December 2015 DOM was at its lowest level compared with December of 2014 and 2013.

Selling Price Per Square Foot

In December 2015, the price per square foot for a single family home in Santa Clara County was $571. This is a 12% increase from last year in December of $510 per square foot.

Selling Price vs Listing Price

The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The December 2015 selling price per square foot of $628 was down -4.3% from $656 last month and up 10.4% from $569 in December of last year.

Inventory / New Listings / Sales

The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The December 2015 selling price vs list price of 102.4% was down from 102.6% last month and up from 102.2% in December of last year.

Filed Under: Home Loans, Market Update, Real Estate, Uncategorized Tagged With: median home prices, Santa Clara County real estate data, statistics in santa clara county

Sales Are Starting To Slow Down in May 2015

June 18, 2015 By dpizano

Market data on Single Family Homes in Santa Clara County

Closed-Sales-SantaClaraCountyCA-May-2015
Closed Sales Santa Clara County CA May 2015

Home Sales in Santa Clara County

Data from MLS Listings show the number of single family homes sold from April 2015 to May 2015 went down 6% in Santa Clara County. This is significant, especially during a time in when the spring is here and buyers are out in full force. Or are they? Home sales are slowing down in Santa Clara County this year.

Single-Family-Homes-May-2015-vs-April-2015
Single-Family-Homes-May-2015-vs-April-2015

This slowdown may be a knee jerk reaction of buyers pulling back a bit due to any number of factors including interest rate fluctuations, high home prices, the economy, and lack of inventory. Either way, it’s a pull back and the sellers should take notice. The market will shift at some point. It’s important that we notice when there is a slow down in sales from month to month especially when inventory has gone up 32% from last year and 3% from April 2015 to May 2015. Perhaps the price increases have bumped some would-be buyers out of the market.

Sooner or later the price increases will be more than the average buyers can afford. Prices have gone up quite a bit from last year. In fact, the median price in Santa Clara County for Single Family Home went up 12% from May 2014 to May 2015. Affordability is becoming a very important factor in Santa Clara County.

Single-Family-Homes-May-2015-vs-May-2014
Single-Family-Homes-May-2015-vs-May-2014

Filed Under: Home Loans, Market Update, Real Estate, Uncategorized Tagged With: 2015 housing data in santa clara county, Santa Clara County real estate data, slowdown in sales in santa clara county, statistics in santa clara county

Testimonials

Daniel sold my townhome in about one week for 26k over my asking price and then got me my new home at 10k under asking price

-Stephanie R

I highly recommend Dan Pizano to help you find your home. We couldn't have done it without him!

-Megan G


yelp-reviews


zillow-reviews

Search for a Home

From the Blog

  • Prices Are Way Up, Inventory Way Dow
  • San Jose Landlords Will Start To Pay A Business Tax For Each Rental
  • Coldwell Banker Rolls Out The New Global Luxury Brand
  • How Does the Fed Rate Hike Affect Mortgage Interest Rates
  • Santa Clara County Real Estate Update

About Daniel Pizano Realtor Broker Agent

San Jose Native, Real Estate Guru, Marketing Expert. Bay Area Sports Enthusiast, Frustrated Golfer, Amateur Chef, Wanna-be Cocktail Mixologist. Web Designer. Lover of All Things Green - Gardener. Musician. Associate Broker of Coldwell Banker Residential Real Estate - Los Gatos Office. For more, follow me at @danielpizano Read More…

View My Blog Posts
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Helping you find your dream home.

Everything starts with a phone call. Call us at 408.460.8401. Daniel Pizano is a top producing real estate agent and broker associate with 10 years of real estate experience. Daniel is affiliated with Coldwell Banker Los Gatos which is a top producing office in Silicon Valley and the entire Bay Area. Real estate is a relationship business. You need a knowledgeable and hardworking broker who will negotiate the best deal for you. Daniel would love to meet with you and see how he can help you achieve your dream of owning your home or selling your home. Call Daniel today!

Office Location

Daniel Pizano, broker associate
01471503
408.355.1557
Coldwell Banker Los Gatos
410 N Santa Cruz Ave
Los Gatos, CA 95030

See Location

  • About
  • Listings
  • Neighborhoods
  • Sellers
  • Buyers
  • Rentals
  • Blog

Copyright © 2025 Daniel Pizano CalBRE 01471503 · Coldwell Banker CalBRE 01908304 · All Rights Reserved

coldwell banker logo