Santa Clara County Real Estate Market Report


Santa Clara County Real Estate

7 Months after the Pandemic Struck

October 2020 Report 

The table below compares Q3 statistics across 5 years. This year, the pandemic pushed the typical heat of the spring Q2 market to Q3. As mentioned in previous reports, the condo market has been softer than the house market, a common dynamic in most of the Bay Area.

Median House & Condo Sales Price Trends by Quarter

Median sales prices can rise because of increases in fair market value – i.e. buyers are paying more money for the same home (supply and demand) – and/or because buyers are purchasing larger, more expensive houses. Both dynamics are probably currently at play, but it is certain that affluent and very affluent buyers have made up a dramatically increasing percentage of the total market throughout the Bay Area. In Santa Clara County, the average size of houses sold in Q3 saw a large year-over-year jump. 

Annual percentage changes in median house sales price: The 2020 YTD percentage will almost certainly change, one way or another, by the time full-year sales data is in.

Supply & Demand 

Median House Sales Price Trends by City 

& by San Jose Neighborhood

Work With Us

Catherine stands out in the real estate field because of her total dedication and pursuit of excellence for each and every one of her clients. Contact us today to find out how we can be of assistance to you!
Contact Us