Fran Papapietro

REALTORĀ®, GMS, SRES, e-Pro, CNS

  • Home
  • Services
    • Buyers
      • Buyers Overview
      • Finding the Right Home
      • First-Time Buyers
      • Making an Offer
      • Understanding Escrow
      • Utility Directory
    • Sellers
      • Sellers Overview
      • Preparing your Home
      • Understanding Escrow
      • Utility Directory
    • Relocation
      • Relocation Overview
      • Finding the Right Home
    • Seniors
      • Seniors Overview
      • Housing Options
    • Emergency Preparedness Guides
  • Listings
    • My Listings
    • Home Search
  • Communities
    • Silicon Valley
      • Silicon Valley Cities
    • The Peninsula
      • Peninsula Cities
    • East Bay Cities
  • About Me
    • Meet Fran
    • My Approach
    • My Team
    • In The News
    • Testimonials
  • Updates & Resources
  • Contact
    • Contact Me

408.623.4155

September 2016 Market Update

November 3, 2016 by Fran Papapietro Leave a Comment

Which way is the housing market going? A Market Update!The Sereno Group analysts just released September’s market report. Let’s look at the numbers compared with 2015.

  • Fewer Closed Sales. 920 homes closed during the month of September 2016. This is down from 943 achieved in 2015.
  • Median Sales Price Grew. Santa Clara County is now officially over the $1million mark. The median price of a home grew $50,000 since September 2015.
  • Sellers are getting more over asking, but it’s dropping. Homeowners were getting 4% over asking in Sept 2015. In 2016, this percentage dropped to 2%.
  • Increased Days on Market. On average it’s taking almost a week longer to sell a home. The average DOM is now 31 days, up from 25.
  • Rise in Months to Sell. While technically still a sellers’ market, the average number of months to sell a home is inching up, now 1.8 from 1.6.

So what’s in store for the Bay Area real estate market for Q4? Once the election is over and October stats are in, I’ll share my predictions for the rest of the year and into 2017.

 

Photo credit: Images Money

Filed Under: Market Update

Contact Me Today

Need help buying, selling or finding your next home in Silicon Valley?

Contact me at (408) 335-1423 or online below:

CONTACT ME

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Contact Me Today

FRAN PAPAPIETRO
REALTORĀ®, GMS, SRES, e-Pro, CNS

License #: 01358728

Phone: 408.335.1423
Office: 408.335.1400
Cell: 408.623.4155
Email: fran@serenogroup.com

Serving Silicon Valley, Peninsula and the East Bay

Office Location:

Sereno Group
214 Los Gatos Saratoga Road
Los Gatos, CA 95030

Search this Website

© 2021 · 2015, www.franpapapietro.com. All Rights Reserved. License #01358728