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  • Sell
    • The Seller Process
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Get More Info

Snapshot and 30-day Trend: November 2016

The one clear trend in November was a drop in inventory. Every community saw inventory decline in November. Buyers were definitely on the lookout but were selective and demand was spotty, depending on location, condition and pricing.

There was less than a one month supply in Sunnyvale, Palo Alto, Mountain View, Menlo Park and Los Altos. Each of those cities saw a decline in the relative supply.

Pricing was spotty, just like demand but both Palo Alto and Sunnyvale had average sales prices that were 106% of the list price. Homes stayed on the market longer in every community except Los Gatos/Monte Sereno which saw a drop of nine days.

In the beach communities, the same trends were evident, with Capitola having less than a one month supply (only six homes actively listed). Sales were mixed, with Aptos having a 42% drop, while Capitola went from only one sale in October to six in November and Santa Clara sales jumped 17%.

Sales in Santa Clara and Capitola averaged more than 100% of the list price, while Aptos’ average sale was for 96% of list. Homes were generally on the market longer in November than October.

Aptos

44
Properties for sale right now!
95.6%
Avg sale price as % of asking
$968,000
Avg Sales Price
61
Avg Days on Market

Capitola

6
Properties for sale right now!
100.5%
Avg sale price as % of asking
$893,250
Avg Sales Price
29
Avg Days on Market

Los Altos

17
Properties for sale right now!
101.3%
Avg sale price as % of asking
$2,605,000
Avg Sales Price
32
Avg Days on Market

Los Altos Hills

25
Properties for sale right now!
99.8%
Avg sale price as % of asking
$3,723,750
Avg Sales Price
35
Avg Days on Market

Los Gatos / Monte Sereno

60
Properties for sale right now!
99.3%
Avg sale price as % of asking
$2,015,000
Avg Sales Price
40
Avg Days on Market

Menlo Park

23
Properties for sale right now!
102.8%
Avg sale price as % of asking
$1,750,000
Avg Sales Price
35
Avg Days on Market

Mountain View

11
Properties for sale right now!
103.8%
Avg sale price as % of asking
$1,875,000
Avg Sales Price
23
Avg Days on Market

Palo Alto

26
Properties for sale right now!
106.0%
Avg sale price as % of asking
$2,510,000
Avg Sales Price
22
Avg Days on Market

Santa Cruz

60
Properties for sale right now!
101.0%
Avg sale price as % of asking
$902,500
Avg Sales Price
29
Avg Days on Market

Saratoga

46
Properties for sale right now!
99.4%
Avg sale price as % of asking
$2,450,000
Avg Sales Price
52
Avg Days on Market

Sunnyvale

24
Properties for sale right now!
105.9%
Avg sale price as % of asking
$1,500,000
Avg Sales Price
25
Avg Days on Market

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.
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