Part Art. Part Science. Kapowich Excels at Negotiations 

 

Realtor® Pat Kapowich 

featuring

 Local, State and National Real Estate Trends

   

Silicon Valley Real Estate Market Analysis

 

 January | 2024 | Updated Monthly

  •   Silicon Valley Real Estate Trends
  •   Silicon Valley aka Santa Clara Valley and Santa Clara County
  • Median Sale Price In Home Sales: $1.710,440 +11.8% Chg. YTY
  • Price Per Square Foot of Single-Family Homes: $1,017 (Jan/2023 $917.00)
  • Sales to List Price Ratio: 101.1% (Jan/2023 96.8%) 
  • Median Days on the Real Estate Market: 13 ‘Days on Market’ (DOM) -35% Chg.YTY
  • Percentage of Active Listings with Reduced Prices: 22.0% -11% Chg. YTY
  • Unsold Single-Family Home Inventory: 1.8 Months -28.0% Chg. YTY

 

 

California Real Estate Market Snapshot

 January | 2024 | Updated Monthly

 

  • Median Sale Price In Single-Family Home Sales: $788,940  +5.0% Chg. YTY
  • Median Days on the Real Estate Market: 32 ‘Days on Market’ (DOM) -17.9% Chg. YTY
  • Price Per Square Foot of Single-Family Homes: $386.00 +4.3.% Chg. YTY
  • Unsold Single-Family Home Inventory: 3.2 Months -8.6% Chg.YTY
  • Number of Single-Family Home Sales 256,160: +5.9% Chg. YTY 
  • Sales to List Price Ratio: 98.9% +2.4% Chg. YTY

December/2023

  • December’s statewide median home price was $819,740, down 0.3 percent from November and up 6.4 percent from December 2022.
  • December’s statewide median home price was $819,740, down 0.3 percent from November and up 6.4 percent from December 2022.
  • For the year as a whole, statewide home sales were down 24.8 percent.
  •  Source: The California Association of Realtor®

 

Nationwide Real Estate Trends

December 2023 | Updated Monthly

 

  •   U.S. National Housing Market Overview
  •   Existing Single-Family Home Activity
  • Existing home sales waned 1.0% in December to a seasonally adjusted annual rate of 3.78 million. Sales faded 6.2% from the previous year. The median existing-home sales price rose 4.4% from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases.
  • On an annual basis, existing home sales (4.09 million) fell to the lowest level in nearly 30 years, while the median price reached a record high of $389,800 in 2023.
  • The inventory of unsold existing homes slumped 11.5% from the previous month to 1 million at the end of December, or the equivalent of 3.2 months' supply at the current monthly sales pace.
  •  Source: The National Association of Realtor®

 

More than a Realtor®, Pat Kapowich is a steadfast consumer-protection advocate and skilled negotiator dedicated to your real estate interests.    

For additional insights, visit Pat's YouTube channel at YouTube.com/@patkapowich, offering valuable knowledge for buyers and sellers.  

 

Call Pat, Today! (408) 245-7700

   

  

 

Pat's Industry Credentials

FIND THE  KAPOWICH SERVICE THAT'S RIGHT FOR YOU

Services for Home Sellers

What are the keys to representing home sellers?

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Welcome to Special Circumstances Success

with Pat Kapowich 

Pat has successfully represented successor trustees to court receivers and brokered foreclosures, short sales, partition  actions, and probates.

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Services for Homebuyers

The 12 Keys to Representing Homebuyers.

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Matching Realtors® with Consumers

Pat will match the Right Agent for you anywhere in the country.

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"I want to thank you again for the very effective way in which you marketed the properties and saw them through to closing.  You and I both knew early on that we had a challenging task, and you met each hurdle with aplomb, professionalism and a wise head."_

 

Gregory Sterling

 

Court-appointed Receiver

 

How can Pat Kapowich help you?

  • He successfully guided returning clients through every type of real estate market.
  • His seller clients experienced his career-long results through every imaginable market cycle, a median of just nine days on the market for single-family homes and eight days for condo/townhome listings, which mirrors his mastery of market cycles and strategic, client-focused methodology.

Part art. Part science. Kapowich excels at negotiations.

 

 

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