Mary Pope-Handy's Market Report

San Martin, CA 95046

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Martin, CA 95046

Wed Mar 20 2019
This week the median list price for San Martin, CA 95046 is $1,325,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 7. Click here to stay informed with the San Martin market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

San Martin, CA 95046

Wed Mar 20 2019
This week the median list price for San Martin, CA 95046 is $1,325,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 7. Click here to stay informed with the San Martin market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the San Martin market.
Median List Price $1,325,000
Per Square Foot $579
Days on Market 116
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median House Rent
Most Expensive $2,698,000
Least Expensive $888,000
Market Action Index
Strong Seller's Market
59

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,698,000 5,021 2.5 - 5 acres 4 5 17 0 0 378
$2,035,000 3,639 10 - 20 acres 4 3 31 2 0 0
$1,319,579 2,694 1 - 2.5 acres 4 2 41 0 1 98
$1,044,000 1,568 1 - 2.5 acres 3 2 57 1 1 119