The Real Estate Report Catherine Hendricks | (650) 245-5094 | [email protected] | http://www.catherinehendricks.com Catherine Hendricks Keller Williams Realty 505 Hamilton Ave. Palo Alto, CA 94301 (650) 245-5094 [email protected]http://www.catherinehendricks.com CA BRE #01387672 Prices of single-family, re-sale homes and condos rose for the fourth year in a row in 2015. The median price for single-family homes for the year was $955,000, a gain of 11.7% over 2014. The average price gained 11.4% to $1,248,570. The median price for condos gained 15.1% to $610,000, while the average price gained 14.6% to $669,021. After two years of declining sales, home sales rebounded and were up 2.8%. Condo sales were off 5.6%. 2015 Annual Real Estate Report Santa Clara County Homes and Condo Prices Hit Record Highs in 2015 1,000 6,000 11,000 16,000 21,000 $100 $300 $500 $700 $900 $1,100 $1,300 $1,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Santa Clara County Homes - Prices & Sales Median Average Sales 500 1,500 2,500 3,500 4,500 5,500 6,500 7,500 $100 $200 $300 $400 $500 $600 $700 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Santa Clara County Condos -Prices & Sales Median Average Sales Condominiums % Change from Year Before Year Sales Median Average SP/LP DOI Sales Med Ave 2004 6,996 390,000 $ 414,592 $ 101.3% 12 2005 6,501 475,000 $ 499,984 $ 101.5% 101 -7.1% 21.8% 20.6% 2006 5,156 500,000 $ 525,424 $ 100.1% 68 -20.7% 5.3% 5.1% 2007 3,851 529,888 $ 557,164 $ 99.6% 149 -25.3% 6.0% 6.0% 2008 2,913 435,000 $ 472,039 $ 97.9% 235 -24.4% -17.9% -15.3% 2009 3,943 320,000 $ 363,951 $ 99.5% 116 35.4% -26.4% -22.9% 2010 3,956 345,000 $ 382,319 $ 99.7% 150 0.3% 7.8% 5.0% 2011 4,393 300,000 $ 355,619 $ 99.0% 73 11.0% -13.0% -7.0% 2012 4,517 365,000 $ 414,108 $ 102.1% 27 2.8% 21.7% 16.4% 2013 4,754 477,000 $ 520,910 $ 104.8% 24 5.2% 30.7% 25.8% 2014 4,462 530,000 $ 583,557 $ 103.3% 8 -6.1% 11.1% 12.0% 2015 4,240 610,000 $ 668,555 $ 105.8% 12 -5.0% 15.1% 14.6% Santa Clara County Prices Prices SINGLE-FAMILY HOMES Year Sales Median Average SP/LP DOI Sales Med Ave 2004 16,901 625,000 $ 753,501 $ 101.0% 25 2005 15,281 739,000 $ 897,788 $ 101.0% 123 -9.6% 18.2% 19.1% 2006 11,843 773,000 $ 940,731 $ 100.1% 81 -22.5% 4.6% 4.8% 2007 9,165 838,000 $ 1,044,150 $ 100.0% 190 -22.6% 8.4% 11.0% 2008 9,120 660,000 $ 837,184 $ 98.5% 216 -0.5% -21.2% -19.8% 2009 11,878 525,000 $ 660,573 $ 99.9% 99 30.2% -20.5% -21.1% 2010 11,382 596,000 $ 746,716 $ 100.1% 117 -4.2% 13.5% 13.0% 2011 11,175 567,000 $ 741,134 $ 99.2% 76 -1.8% -4.9% -0.7% 2012 11,990 640,000 $ 833,954 $ 101.5% 34 7.3% 12.9% 12.5% 2013 10,981 780,000 $ 993,306 $ 104.1% 32 -8.4% 21.9% 19.1% 2014 10,230 855,000 $ 1,120,710 $ 104.1% 18 -6.8% 9.6% 12.8% 2015 10,574 950,000 $ 1,246,600 $ 105.2% 21 3.4% 11.1% 11.2% % Change from Year Before Santa Clara County Prices Prices
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If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
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If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
Based on information from MLS Listings. Inc. Due to MLS reporting and allowable reporting policy, this data is only informa-tional and may not be completely accu-rate. Therefore, we do not guarantee the data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.