Record Prices & Resilient Sales: Santa Clara & San Mateo in Focus

Despite some spring slowdown sparked by April’s stock market dip and ongoing economic uncertainty, Santa Clara and San Mateo Counties held strong in May. Santa Clara reached a record-high median home price, leading the Bay Area in market activity—especially in the luxury segment. San Mateo’s high-end market also stayed solid, even as overall buyer demand cooled slightly. With more homes hitting the market and less competition, overbidding declined, price reductions increased, and homes spent a bit more time on the market.

What’s in it for Sellers? There are still great opportunities—especially for well-prepped, well-priced homes. In both counties, luxury properties are moving fast, and with the right strategy, sellers can still command strong results.

What’s in it for Buyers? Buyers are benefiting from more inventory, fewer bidding wars, and a better chance to negotiate. This more balanced environment won’t last forever—so now might be the ideal time to make your move.

📞 Ready to navigate this market with confidence? Let’s connect and map out your next steps!