Quarter One 2022 Residential Report
Residential Real Estate in Santa Clara County

Download a complimentary copy of this report: Q1 2022 Residential Report for Santa Clara County

Reports for a specific zip code or city are available now. Send me an email at JKlotz@intero.com or call/text 408-504-2484 to request your complimentary copy.

In this report I compare first quarter year-over-year statistics and year-to-date results for residential real estate in Santa Clara County. This report covers a broad area and your city data will vary from these statistics. Send me a request for your localized report based on city or zip code.
→ Monthly City Reports Available: https://www.klotzhomes.com/silicon-valley-market-stats

Q1 2022 vs. Q1 2021 (Single-Family Homes)

Number of homes for sale on the market… For the first quarter of 2022 in Santa Clara County, the number of new listings on the market is down by ↓ 7.97% compared to the first quarter of 2021.

Number of homes sold from the market… In the first quarter 2022, the number of home sales is down by ↓ 14.7% in Santa Clara County versus the previous year.

Average days a home is listed on the market before a seller accepts an offer… The average days on market is down by ↓ 23% in 2022 within Santa Clara County compared to the first quarter of 2021.

Q1 2022 vs. Q1 2021 (Single-Family & Condo)

Single-Family: Median sales price for Q1 2022 is $1,850,000 an increase of ↑ 23.33% compared to Q1 2021

Condo/Townhome: Median Sales prices for Q1 2022 is $960,000 an increase of ↑ 12.81% compared to Q1 2021

Single-Family: Average sales price for Q1 2022 is $2,194,814 an increase of ↑ 21.52% compared to Q1 2021

Condo/Townhome: Average sales price for Q1 2022 is $1,051,793 an increase of  ↑ 12.62% compared to Q1 2021

Single-Family Home (Q1 2022)	Condo/Townhome (Q1 2022)

 → Q1 2022 Statistics for Single-Family Homes 

 → Q1 2022 Statistics for Condos/Townhomes

In conclusion,

Home inventory remains low in the first quarter of 2022, while homes are selling faster and for more money compared to the previous year. Less inventory means higher demand. While interest rates are rising, home buyers are feeling pressure to purchase a home now. Many home buyers are now looking to off-market listings so they do not have to compete with other buyers. Looking for off-market opportunities? Contact me at 408-504-2484

Sellers. My team and I net you more money for the sale of your home. Reach out for your complimentary consultation.

Buyers. Don’t let this competitive market bring you down. Proper representation is key to your success as a home buyer in this market. I stay current with the marketplace, keep my clients informed and assist them before, during and after they purchase their new home. Reach out to me to discover the difference I can make for you in this competitive real estate market.

Investors. I am current with off-market opportunities around Santa Clara County and San Mateo County. I’m happy to present these opportunities to my investor clients. Reach out to me for me information.

Jonathan Klotz, Realtor®
DRE# 01951800  |  408-504-2484  |  jklotz@intero.com
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