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FOR THE WEEK OF April 7th - 13th, 2025
Greetings,
We hope you’re enjoying a beautiful spring week! As we move into this third week of April, I’m excited to share the latest developments in the Bay Area real estate market along with key insights from our First Quarter 2025 Market Report.
Weekly Market Snapshot (April 7th – 13th)
This past week, we witnessed tremendous cash closings—especially in high-demand areas such as Hillsborough, Los Altos, Los Altos Hills, and Menlo Park. Notably, many of these transactions closed at prices significantly above the listed values, with properties selling within a minimum number of days. These trends not only emphasize the strong buyer demand in the Peninsula but also reinforce the overall resilience of our local market.
Q1 2025 Market Report
We’re also excited to share our comprehensive First Quarter 2025 Market Report, which highlights emerging trends across San Mateo and Santa Clara counties:
San Mateo County:
- Median Sales Price: Up 4.6% to $1,996,000 (compared to $1,908,000 in Q1 2024).
- Homes Sold: 634 single-family homes, a modest 1% increase from Q1 2024.
- Average Price Per Sq. Ft.: Risen by 3.2% to $1,203 (up from $1,167 in Q1 2024).
- Days on Market: Properties spend an average of 23 days on the market, reflecting steady buyer interest.
Santa Clara County:
- Median Sales Price: Increased by 9.9% to $1,999,999 (compared to $1,820,000 in Q1 2024).
- Homes Sold: 1,485 single-family homes, up by 0.8% from last year.
- Average Price Per Sq. Ft.: Recorded at $1,244.
- Days on Market: Averaging just 17 days, indicating vigorous market activity.
In Summary
The outstanding performance in cash closings and above-list sales in the Peninsula, combined with steady Q1 growth, underscores a strong and competitive market. Whether you’re considering buying, selling, or simply staying up-to-date with the latest trends, these insights provide a clear picture of the current market dynamics and emerging opportunities.
Thank you for your continued trust and partnership. If you have any questions or would like to discuss how these trends might impact your real estate goals, please feel free to reach out.
Wishing you a productive week ahead as we continue to build momentum this spring!
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
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