Silicon Valley Home Values - 4 Key Real Estate Trends For Townhouses - Sep 30, 2024
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Home Values - Silicon Valley Townouses
Average and Median Home Price of Silicon Valley Townhouses Sold
When trying to understand Silicon Valley neighborhood home values for townhouses, the first and most often real estate trend looked at is either average or median house sales price. The average price can be pushed up by a particularly expensive townhouse being sold. Much less often an especially low price for one or more townhouses can push the average price down. By looking at both average and median price a quick judgment can be made about any unusually high or low prices
Price Per Square Foot for Silicon Valley Townhouses Sold
The sales price of a Silicon Valley house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between townhouses. Furthermore if you look at the average size of a Silicon Valley townhouse sold you will see that it varies with time. Part of the variation is due to the random nature of which townhouses are being sold but the trend is for an increase in size with time because when a house is replaced with a newer townhouse, the newer townhouse is almost always larger.
Sales Price vs. List Price for Silicon Valley Townhouses Sold
Home buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show trends for this relationship using color coding which generally highlights changes in the market. More Silicon Valley townhouses being sold over list price is a very good indicator of rising townhouse prices. More townhouses being sold under list price is a very good indicator of falling townhouse prices.
Number of Silicon Valley Townhouses Sold
A quick estimate of how active the Silicon Valley real estate market is can be found by looking at the number of townhouses sold. Locally there is a strong seasonal change in the number of townhouses sold. The lowest number of townhouses sold typically occurs around December & January. The highest number of townhouses sold typically occurs around May. Price changes do not track the seasonal change in the number of townhouses sold.
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