Mary Pope-Handy's Market Report

San Martin, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Martin, CA

Fri Sep 20 2019
This week the median list price for San Martin, CA is $1,337,000 with the market action index hovering around 33. This is less than last month's market action index of 42. Inventory has held steady at or around 14. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

San Martin, CA

Fri Sep 20 2019
This week the median list price for San Martin, CA is $1,337,000 with the market action index hovering around 33. This is less than last month's market action index of 42. Inventory has held steady at or around 14. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the San Martin market.
Median List Price $1,337,000
Per Square Foot $510
Days on Market 67
Price Decreased 14%
Price Increased 0%
Relisted 7%
Inventory 14
Median House Rent $16,860
Most Expensive $3,250,000
Least Expensive $799,000
Market Action Index
Slight Seller's Advantage
33

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,250,000 5,750 10 - 20 acres 4 4 18 0 0 88
$1,999,000 4,981 1 - 2.5 acres 6 5 30 0 0 95
$1,330,999 3,004 0.5 - 1 acre 4 3 15 0 0 80
$999,475 1,364 1 - 2.5 acres 3 1 63 0 0 17