Updated: Dec 31, 2017. Save time and save money. Work with a top Skyline, Woodside real estate agent.
Skyline Real Estate Trends - Houses
Short summary of 4 key Skyline single family house real estate trends which can be printed.
When trying to understand Skyline neighborhood home prices the first and most often real estate trend looked at is either average or median home sales price. The average price can be pushed up by a particularly expensive home being sold. Much less often an especially low price for one or two homes 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
Quarterly Average Price of Skyline & Woodside Houses Sold
Quarterly Median Price of Skyline & Woodside Houses Sold
Quarterly Average and Median Price of Skyline Houses Sold
Yearly Average Price of Skyline & Woodside Houses Sold
The sales price of a Skyline house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between houses. Furthermore if you look at the average size of a Skyline house sold you will see that it varies with time. Part of the variation is due to the random nature of which houses are being sold but there tends to be a increase in the size with time because when a house is replaced with a newer house, the newer house is almost always larger.
Quarterly Average Price Per Square Foot for Skyline & Woodside Houses Sold
Quarterly Average Price Per Square Foot for Skyline Houses Sold
Yearly Average Price Per Square Foot for Skyline & Woodside Houses 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 this relationship Skyline houses using color coding which generally highlights changes in the market. More Skyline homes being sold over list price is a very good indicator of rising home prices. More homes being sold under list price is a very good indicator of falling home prices.
Quarterly Average Sales Price & List Price for Skyline Houses
Quarterly Average Sales Price & List Price for Woodside Houses Sold
Yearly Average Sales Price & List Price for Skyline Houses
A quick estimate of how active the Skyline real estate market is can be found by looking at the number of houses sold. Locally there is a strong seasonal change in the number of houses sold. The lowest number of houses sold typically occurs around December & January. The highest number of houses sold typically occurs around May. Price changes do not track the seasonal change in the number of houses sold.
Quarterly Number of Sales & Price Per SqFt for Skyline Houses Sold
Quarterly Number of Skyline Houses Sold
Yearly Number of Sales & Price Per SqFt for Skyline Houses Sold
Many people look at "Days On Market", the average number of days a house is offered for sale before it sells, to spot changes in the Skyline real estate market. Increasing DOM implies buyers are not being as competitive to buy homes. This statistic also tends to have a seasonal variation. DOM is typically greater late in the year. Variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.
Quarterly Average Days On Market for Skyline Houses Sold
Quarterly Average Days On Market for Woodside Houses Sold
Yearly Average Days On Market for Skyline Houses Sold
Skyline Real Estate Trends - Size of Houses Sold
The behavior of buyers and sellers can be somewhat different depending on the price of the house. There are times when low to mid-range homes are selling quickly but higher priced homes aren't or the reverse may be true. Generally house price is proportional to size in a given area. Locally newer homes are often larger than older homes. Looking at the average size of houses being sold can provide additional insight into the Skyline real estate market.
Quarterly Average Size of Skyline & Woodside Houses Sold
Quarterly Average Size of Skyline Houses Sold
Yearly Average Size of Skyline & Woodside Houses Sold
Skyline Real Estate Trends - Lot Size of Houses Sold
As mentioned above generally house price is proportional to house size in a given area. Another factor is lot size. Most local cities limit the maximum size of house that can be built depending upon the lot size. A larger house can be built on a larger lot. Additionally local cities may allow a secondary dwelling if the lot is greater than a specified size (typically 8,000 sf).
Looking at the average lot size of houses being sold can provide additional insight into the Skyline real estate market. Lot sizes over 100,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median.
Quarterly Average Lot Size of Skyline & Woodside Houses Sold
Quarterly Average Lot Size of Woodside Houses Sold
Yearly Average Lot Size of Skyline & Woodside Houses Sold
Skyline Real Estate Trends - Age of Houses Sold
A brand new Skyline home typically sells for a premium price compared to a similar sized home in the same neighborhood. When looking at average Skyline home prices, the average age should be checked to see if prices are changing because of demand or because different types of houses are being sold.
Quarterly Average Age of Skyline Houses Sold
Quarterly Average Age of Woodside Houses Sold
Yearly Average Age of Skyline Houses Sold
Skyline Home Prices - Maximum and Minimum for Houses Sold
When trying to understand the Skyline real estate market, it is useful to take a look at the extremes of the sales price range. Average buyers and sellers in each price range may act differently.
Quarterly Maximum Price for Skyline Houses Sold
Quarterly Maximum Price for Woodside Houses Sold
Quarterly Minimum Price for Skyline Houses Sold
Quarterly Minimum Price for Woodside Houses Sold
Use The Best Skyline, Woodside Real Estate Agent
Save both your time and money by working with the best Skyline real estate agent. Surveys of home buyers show that the number 1 reason they choose to work with a real estate agent is to get help finding the best home. Connections and knowledge are key to finding the best home. After finding the best home, you will have to make the most attractive, competitive, offer. Factors other than money play a key part in the seller's decision.
I negotiate over one hundred successful purchase offers each year. I have up-to-date experience and knowledge to plan and make a great offer. What if something goes wrong with your loan application or with something else? I have the experience and connections to solve nearly all problems. Work with me, a top real estate agent who knows Skyline very well. For 3 years in a row I have been recognized as one of the three, and most recently as the number 1 top real estate agent nationwide at Keller Williams.
My unique team approach splits up the various stages of buying a home. You will work with both myself and a core member of my team who is also a top real estate agent. My team specialist is an expert at helping you both find a home and to understand the tradeoffs you will be making. I discuss your purchase offer with you and negotiate with the seller. Get the support of two top Skyline real estate agents working closely together. Give me, Juliana Lee, a call at my cell phone 650-857-1000 and let's talk about what you are looking for. If you want to learn more about buying or selling real estate, come to my free real estate seminar.
Have you ever wondered what the difference is between a Skyline, Woodside real estate agent and a Skyline realtor? "Realtor" is a trademarked name owned by the National Association of Realtors (NAR). A Skyline realtor is a real estate agent who belongs to NAR. Many purchase contract forms used locally are created by the California Association of Realtors (CAR) which is under NAR. The local Silicon Valley Association of Realtors (SILVAR), the Santa Clara County Association of Realtors (SCCOAR) and San Mateo County Association of Realtors (SAMCAR) establish standards of practice for local real estate agents.