Ting Niu presents an update on the real estate market for the month of November.
Included in Ting's report are sales statistics for Cupertino, Sunnyvale, Pale Alto, Saratoga and more areas within the Bay Area and Silicon Valley.
The housing market in Santa Clara County is much more active in November 2024 compared to the same time last year. Palo Alto, Los Altos, and Mountain View have seen over a 50% increase in units sold compared to November 2023. Prices continue to rise, with $3 million becoming the new baseline for most core Silicon Valley cities.
San Jose, representing the broader South Bay market with a larger data set, saw approximately 20% more single-family homes sold compared to November 2023. Prices increased by 15%, and 50% of the homes sold had a sale price over $1.92 million.
If you want to know more about the market, contact Ting directly. If you want an automatic update each month on your house value and your neighborhood’s sales, we can set it up for you. Contact Ting today.
