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.


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 ClaraSanta 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
Dawn is certified from the Program on Negotiation at Harvard Law School

Charles “Chuck” Holcomb
REALTOR® – Sales Associate
DRE# 02084164

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.

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  

*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:
650-215-5991 – Chuck
650-215-5992 – Brian
650-215-5990 – Dawn

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
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


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!

5706 Holland Lane, San Jose
SOLD way over list price

13305 Pierce Road, Saratoga
Multiple offers – SOLD way over list price

0 Old San Jose Road, Soquel

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 ClaraSanta Cruz, and San Mateo counties, click on the images below.

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