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FOR THE WEEK OF February 3rd to 9th, 2025
Greetings,
As we move deeper into February, the Bay Area real estate market continues to gain momentum. With more inventory gradually entering the market, buyers and sellers alike are beginning to make strategic moves as the spring season approaches. Here’s your weekly market update along with insights from the January 2025 Market Report to keep you informed.
Weekly Market Snapshot (February 3rd – 9th):
The past week saw moderate activity, with homes transitioning from “Available” to “Sold” and “Pending.” Buyers and sellers are still taking a measured approach, but well-priced homes are attracting attention. To provide you with the latest insights, we’ve compiled a detailed list of properties that recently closed or went into contract, helping you stay ahead of market trends.
January 2025 Market Report Highlights
Despite seasonal trends, buyer demand remained steady across key Bay Area neighborhoods. Here’s a closer look:
San Mateo County:
- Median Sales Price: Decreased 2.4% to $1,800,000 (compared to $1,845,000 in January 2024).
- Homes Sold: 155 single-family homes sold, a 6.9% increase from last year (145 homes).
- Average Price Per Sq. Ft.: Increased 0.6% to $1,135.
- Days on Market: 37 days, reflecting steady buyer interest.
Santa Clara County:
- Median Sales Price: Increased 5.9% to $1,800,000 (compared to $1,700,000 in January 2024).
- Homes Sold: 372 single-family homes sold, reflecting a 2.5% increase from January 2024 (363 homes).
- Average Price Per Sq. Ft.: Increased 4.8% to $1,152 (compared to $1,099 in January 2024).
- Days on Market: 25 days, consistent with recent trends.
As we celebrate Valentine’s Day this week, we want to take a moment to express our gratitude for your continued trust and support. Real estate is all about relationships, and we are honored to be part of your journey—whether you’re buying, selling, or simply staying informed.
Our Commitment to You
The Bay Area market remains competitive, and having expert guidance makes all the difference. If you have questions about market conditions, are considering a move, or simply want to strategize for the year ahead, we’re here to help! Let’s connect and make 2025 a year of success and opportunity together.
Wishing you a fantastic week and a wonderful Valentine’s Day filled with love, joy, and meaningful connections with those who matter most.
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
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