Silicon Valley Real Estate | JLee Realty
Updated: Sep 17, 2021. Save time and save money. Work with a top 94060 real estate agent.
Short summary of 4 key 94060 home value trends for single family houses which can be printed
When trying to understand 94060 home prices, the first and most often real estate trend looked at is either average sale price or median home sale price. The average price can be pushed up by a particularly expensive home being sold. Much less often an especially low price for several homes can push the average price down. By looking at both average and median home prices, a quick judgment can be made about any unusually high or low prices
The sales price of a 94060 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 94060 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.
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 94060 houses using color coding which generally highlights changes in the market. More 94060 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.
A quick estimate of how active the 94060 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.
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 94060 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. Seasonal variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.
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 94060 real estate market.
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 94060 real estate market. Lot sizes over 150,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median.
A brand new 94060 home typically sells for a premium price compared to a similar sized home in the same neighborhood. When looking at average 94060 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.
When trying to understand the 94060 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.
Save both your time and money by working with the best 94060 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 94060 very well. For 3 years in a row I was recognized as one of the three, and most recently as the number 1 top real estate agent nationwide at Keller Williams. I have since grown beyond what KW can provide and now own and operate my own real estate brokerage for my team: JLee Realty, 4260 El Camino Real, Palo Alto CA 94306.
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 94060 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 94060 real estate agent and a 94060 Realtor? "Realtor" is a trademarked name owned by the National Association of Realtors (NAR). A 94060 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.
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