fbpx
Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
Santa Clara County Real Estate Market Report October 2022

Santa Clara County Real Estate Market Report – October 2022

by | Dec 26, 2022 | Santa Clara County, Market Analysis | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Dec 26, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

The Santa Clara County real estate market continues to change in October.

Inventory Grows.

Santa Clara County real estate saw a 31% increase in inventory when compared to the same time last year. So overall, the county performed better in this area than the usual southern valley communities of San Jose, Morgan Hill and Gilroy.

New Listings Down.

New listings are also down compared to the same time last year. Compared to the same time last year, Santa Clara County real estate saw a 30% drop in new listings.

Homes Sold.

The number of homes sold has been relatively flat recently. For October, the number of sales is down 41% when compared to October of 2021.

List Price.

Sellers continue to expect to get more for their homes than they did last year. The average home list price was up 11% over the year.

Sales Price.

While seller expectations increased over the year, actual sales prices decreased by 0.7% over the year.

Percent Of List Price.

Sellers have been seeing their homes sell for 99.9% of asking price – down from 107.5% at the same time last year.

Days On Market.

It is taking 75% longer for home to sell in October 2022 than at the same time last year. That comes to 28 days in October 2022 and just 16 days during the same month last year.

Check Out The Last Show!

fha multifamily loan changes for house hacking

New FHA 5% Down Multifamily Loan!

In this weeks show we check out the changes to the FHA multifamily loan that offer an amazing option for those that want to house hack!

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!

 

Let's Talk About Achieving Your Real Estate Goals!

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join to get access to the best information on our local real estate markets, important real estate news, insights, information and tips on how to realize your real estate goals!

You have Successfully Subscribed!

Pin It on Pinterest

Feel Like Sharing?

Share this with your friends and followers on social media!