Santa Clara County is a competitive and pricey landscape.
Silicon Valley is one of the most sought-after regions in the United States, especially for the tech sector and its highly skilled workforce. The high demand for housing here has created a very fast real estate market, with limited inventory and quick sales.
The region's economic growth, innovation, and talent pool are unmatched, and the demand for housing is expected to rebound in 2024, The California Association of Realtors predicts that home sales and prices in California will both rise in 2024, with a 22.9% increase in sales and a 6.2% increase in prices. The average 30-year mortgage rate is also forecast to drop to the mid-5% range by the end of 2024, which could boost the buying power and the affordability for some home shoppers.
Already this January, the inventory is rising over the below-1000 unit mark we had in December. Sellers are getting their properties ready for market. It’s a good time for both buyers and sellers to jump in, before the spring market gets very competitive.
Do you have friends or relatives who might want to or need to consider selling? Please call/text me. (408-644-5159) Check out the most recent Santa Clara County stats below. Notice how both the average and median single family house and condo/townhouse prices are higher than the same time last year.
Single Family Homes
Condos and Townhouses
Did you know that I can also show you NEW CONSTRUCTION, MODULAR HOMES, and MOBILE HOMES?
18+ years of Licensed Experience
46+ years of Owner Experience
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