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.
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
| 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 |