Blog > Santa Clara Real Estate Prices, Market Trends

Santa Clara Real Estate Prices, Market Trends

by Boyenga Team

Twitter Facebook Linkedin

Santa Clara County Real Estate

January 2020 Report

———-

Generally speaking, after years of high appreciation rates, annual 2019 Bay Area median home prices went down a little bit, went up a little bit or basically remained unchanged as compared to 2018. Santa Clara County prices dropped the most in the Bay Area, but it must be remembered that it appreciated the most in the previous year. Indeed, Santa Clara may have been the hottest market in the country from mid-2017 to mid-2018, before suddenly cooling down.

For 2020, economist Ken Rosen at UC Berkeley has said he expects the Bay Area median price to remain basically flat, within a general range of up or down 2% – in other words, roughly similar to what happened last year. We can’t predict the future, but that doesn’t sound unreasonable, and happily avoids the sensationalism of many other media-grabbing forecasts.

Median sales prices are generalities and not exact measurements of changes in fair market value. They can be affected by a number of factors and are sometimes subject to anomalous fluctuations. How they apply to any particular home is unknown without a specific comparative market analysis.

Economic Factors Affecting

Real Estate Markets
For more information visit our website at boyengateam.com or contact us at homes@boyenga.com.

LEAVE A REPLY

Message

Name

Phone*

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Boyenga Team / Compass, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.