Spring Market & REALM Global Collective Highlights
May our newsletter and sunny, blue skies find you in the best of spirits during the busiest selling season of the year.
This past week, I had the amazing opportunity to attend the REALM Global Collective in Miami, Florida. REALM Global Collective is an exclusive, annual event that features global thought leaders, innovators, disrupters, and experts who are all dedicated to the same values. There, I was able to connect with top luxury Realtors®, gain new insights from global thought leaders like Chris Voss, author of “Never Split the Difference” and attend classes that were top-notch to help The Dawn Thomas Team serve our Silicon Valley and Santa Cruz clients even better!
As the spring temperatures climb, market activity steadily rebounds with increased traffic and overbidding percentages. Despite mortgage rates remaining in the six percent range, many invested homebuyers have become accustomed to the current rate environment as the new normal. Inflation rates have dropped slightly to 4.96% with “core” inflation rates running a bit higher at 5.5%. New listings coming to the market have increased, but are still historically below the norms.
WE NEED MANY MORE HOMES TO SELL!
In the current market environment, the median house sales price is $1,660,000 in Santa Clara; $1,250,000 in Santa Cruz; and $1,935,000 in San Mateo. For more information on median home prices and the current market, make sure to check out our Market Conditions in Santa Clara, Santa Cruz, and San Mateo counties and Bay Area 2023 YTD Median House Sale Prices.
Considering relocating or making a move? Help us help you! Help us by referring us to anyone you know! We are master negotiators. Please do not ever think that contacting us is too early in the process. We handle everything—including planning moves!
Here’s to creating a better future,
Dawn Thomas
Broker Associate – Team Leader
DRE# 01460529
650-215-5990
Dawn@SiliconValleyAndBeyond.
Dawn is certified from the Program on Negotiation at Harvard Law School
Brian Brunetti
REALTOR® – Senior Sales Associate
DRE# 02028412
650-215-5992
Brian@SiliconValleyandBeyond.
Charles “Chuck” Holcomb
REALTOR® – Sales Associate
DRE# 02084164
650-215-5991
Charles@
The Dawn Thomas Team guides nice people through real estate matters in Silicon Valley and beach communities of Santa Cruz County. Our mission is to inspire and create the most remarkable real estate experience — one person, one family, one home, one neighborhood at a time. Contact us today and we can assist you in selling or buying your home.
Help Us Help You. The Dawn Thomas Team appreciates clients like you. If you know anyone that is looking to buy or sell a home, help us refer our services.
COMING SOON / DEVELOPMENT OPPORTUNITIES:
2080 Bertoli Drive, Davenport
160 acres of beautiful land available to show now. On live market 6/1
650-215-5992 – Brian
650-215-5990 – Dawn
La Terra Development
Video Tour
Lot 1
16300 Greenridge Terrace
Special Pricing $2,675,000
Approximately 6.92 acres
Lot 2
240 La Terra Court
Special Pricing $2,965,000
Approximately 5.16 acres
Lot 3
250 La Terra Court
Special Pricing $2,210,000
Approximately 3.06 acres
Lot 4
230 La Terra Court
Special Pricing $2,795,000
Approximately 2.5 acres
Lot 5
220 La Terra Court
Special Pricing $2,465,000
Approximately 3.06 acres
Lot 6
210 La Terra Court
Special Pricing $2,677,500
Approximately 2.67 acres
Lot 7
15450 Santella Drive
Special Pricing $2,855,000
Approximately 2.88 acres
Lot 8
15470 Santella Drive
Special Pricing $2,146,250
Approximately 3.05 acres
0 Santella Drive, Los Gatos
(Above The Highlands off of
Santella Court)
Modern, Luxury Development
7 multi-acreage lots with infrastructure and sweeping views of Silicon Valley! Entire 28+ acre development
Offered at $17,500,000
BUILD DREAM HOMES!
LaTerraLosGatos.com
*Utilities are at each site (PG&E, public water, public sewer)
*Curbs Gutters, paved main roads, + stamped concrete entrance are completed
*Ready to sell NOW!
*DRE White Paper in hand ready to develop
LAUNCH EVENT – 6/7, 10am – 1 pm Stay tuned!
Reach out for more information:
LG@SiliconValleyandBeyond.com
650-215-5991 – Chuck
650-215-5992 – Brian
650-215-5990 – Dawn
CURRENTLY OFFERED:
1 Rockview Drive, Santa Cruz
Absolutely stunning Pleasure Point waterfront home with a 7-figure remodel and a seawall (one of less than about a dozen in Santa Cruz County). This home is ON the water—no street or trail in between you and that ocean breeze! Check out the Property Video
NEW INCREDIBLE PRICE $4,988,000
Open this Sat/Sun, 1-4 pm both days
650-215-5992 – Brian
650-215-5990 – Dawn
7232 Glenview Drive, San Jose
Expansive, 180-degree Silicon Valley views can be seen from this gorgeous, large Country View Estates home in Almaden Valley! Fabulous floor plan for families and a wonderful home for entertaining!
Open this Sat/Sun, 1-4 pm both days
650-215-5990 – Dawn
650-215-5992 – Brian
COMING SOON / PRIVATE EXCLUSIVES:
16300 Greenridge Terrace, Los Gatos
Build your dream home!
Approximately 7.76 acres with multiple building pad options!
NEW PRICE $2,675,000
650-215-5991 – Chuck
650-215-5992 – Brian
650-215-5990 – Dawn
We’d love to feature your property here!
RECENTLY ACQUIRED:
5706 Holland Lane, San Jose
SOLD way over list price
13305 Pierce Road, Saratoga
Multiple offers – SOLD way over list price
Market Conditions in Silicon Valley and Beyond
Spring season is typically the busiest season for the residential housing market – this year proves to be no different. Open houses are seeing increased traffic, more listings are selling and selling more quickly with multiple offers. Market activity steadily rebounds as buyer demand increases despite higher inflation and mortgage rates.
Despite increases in demand, market activity remains relatively low due to economic and supply constraints. New listings coming to the market have increased, but are still historically below the norms. Listings accepting offers have continued to climb since the slowdown in mid-winter. Home sales, however, have continued to decline year-over-year in all three counties we serve – with averages of 49% in San Mateo, 48% in Santa Clara, and 57% in Santa Cruz.
Help us help you. If you’re considering moving, selling your house, or know someone who is considering, help refer us! The median house sales price is $1,660,000 in Santa Clara; $1,250,000 in Santa Cruz; and $1,935,000 in San Mateo.
For more details on market conditions in Santa Clara, Santa Cruz, and San Mateo counties, click on the images below.
Justin Sullivan/Getty Images