Mary Pope-Handy's Market Report

San Martin, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Martin, CA

Thu Feb 27 2020
This week the median list price for San Martin, CA is $1,209,950 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 10. Click here to stay informed with the San Martin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

San Martin, CA

Thu Feb 27 2020
This week the median list price for San Martin, CA is $1,209,950 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 10. Click here to stay informed with the San Martin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the San Martin market.
Median List Price $1,209,950
Per Square Foot $561
Days on Market 109
Price Decreased 30%
Price Increased 10%
Relisted 10%
Inventory 10
Median Rent $1,850
Most Expensive $2,499,900
Least Expensive $775,000
Market Action 37
Slight Seller's Advantage

We’re seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,274,950 5,837 2.5 - 5 acres 6 5 24 0 1 147
$1,423,500 3,074 1 - 2.5 acres 5 4 45 1 0 87
$1,140,000 2,601 1 - 2.5 acres 4 3 47 0 0 151
$924,888 1,275 2.5 - 5 acres 3 2 100 0 0 53