Saturday Stats

MLSListings Silicon Valley and Coastal Regions Housing Market Overview

(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)

Home Sales Take a Leap in the Region, Inventory Stalls Year-Over-Year

Compared to January 2015, median sales price in January 2016 rose 18% in Monterey County, 12% in San Benito County, 11% in San Mateo County, 9% in Santa Clara County, and 3% in Santa Cruz County. Compared to December 2015, it’s a different story. Median sales price is showing signs of flattening with San Mateo up 7%, Monterey up 5%, Santa Clara zero change, San Benito down 2%, and Santa Cruz County down 6%.

Single family home year-over-year sales made gains in all MLSListings counties, compared to January 2015. San Benito showed the largest gain of 52%, San Mateo 36%, Santa Clara , Santa Cruz 7%, and Monterey 5%. January sales fell well below December levels in four of the five MLSListings counties: San Mateo and Santa Clara sales dropped 59%, Santa Cruz 58%, and Monterey 20%. San Benito showed the only gain with 15%.

Month-to-month inventory shows slight gains in three of the five counties, with San Mateo up 7%, Santa Clara up 6%, and Monterey up 3%. Santa Cruz and San Benito Counties inventory dropped 5% and 2%, respectively. Inventory is split among the counties compared to 2015, with San Mateo up 9%, Monterey up 3%, and San Benito up 1%. Santa Cruz is down 23%, and Santa Clara is down 7%.

Compared to last year, Total Dollar Volume rose 69% in San Benito County, 44% in Monterey County, 20% in San Mateo County, 11% in Santa Clara County, and 10% in Santa Cruz County. Compared to a strong December, sales Volume dropped 80% in San Mateo County, 74% in Santa Cruz, 71% in Santa Clara, and 39% in Monterey County. Only San Benito County showed growth with a gain of 16%.




Printable PDF version of report


Source: mlslistings.com