Kapowich Real Estate Silicon Valley Reports

San Martin, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



San Martin, CA

Sun Apr 14 2024
This week the median list price for San Martin, CA is $1,699,888 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 5. 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 a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

San Martin, CA

Sun Apr 14 2024
This week the median list price for San Martin, CA is $1,699,888 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 5. 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 a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the San Martin market.
Median List Price $1,699,888
Median Price of New Listings $1,699,888
Per Square Foot $948
Average Days on Market 87
Median Days on Market 98
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 39
Slight Seller's Advantage

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
$4,498,000 6,670 2.5 - 5 acres 4 5 18 0 1 112
$2,950,000 1,158 10 - 20 acres 2 2 61 0 0 161
$1,699,888 1,792 1 - 2.5 acres 3 2.5 47 1 2 0
$1,249,500 1,175 1 - 2.5 acres 3 2 76 0 1 80