Joseph Karakas - September 2025 Market Update

Page 1


Market Update

SEPTEMBER

KW Bay Area Estates

Jump to Los Gatos/Monte Sereno Report LosGatos/MonteSereno

Jump to Cambrian (San Jose) Report Cambrian(SanJose)

Jump to Saratoga Report Saratoga

Jump to Santa Clara County Report SantaClaraCounty

Jump to Almaden Valley (San Jose) Report Almaden Valley (San Jose)

Jump to Blossom Valley (San Jose) Report BlossomValley(SanJose)

Jump to Campbell Report Campbell

Jump to Cupertino Report Cupertino

Jump to Los Altos Report LosAltos

Jump to Santa Teresa (San Jose) Report Santa Teresa (San Jose)

Jump to Santa Clara City Report SantaClaraCity

Jump to South San Jose Report SouthSanJose

Jump to Sunnyvale Report Sunnyvale

Jump to Willow Glen (San Jose) Report WillowGlen(SanJose)

If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs.

Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down.

Los Gatos/Monte Ser

The market for Single Family Homes, Condo, and Townhomes units saw 39 closed sales at a median price of $2.9m. There was a total of 39 new listings with an average of 34 days on the market without price reduction and with an average price per square foot of $1,297.

What's in the Los Gatos/Monte Sereno data?

2025

39

SqFt -42.7% Year-over-Year

$1,297

Year-over-Year

Year-over-Year

34 $115M

Year-over-Year +8.3% Year-over-Year

9 New Listings

10 Closed Sales

51 Average Days-on Market

$1.6M Median Sale Price

$1,034 Average Price Per SqFt

$16.7M Total Volume

Luxury Listings for Sale

Cambrian (San Jose)

What's

The market for Single Family Homes, Condo, and Townhomes units saw 49 closed sales at a median price of $1.7m. There was a total of 76 new listings with an average of 27 days on the market without price reduction and with an average price per square foot of $1,157.

in the Cambrian (San Jose) data?

September 2025

+58.3% Year-over-Year

SqFt

$1,157

-0.1% Year-over-Year

49

$1.7M Median Sale Price +22.5% Year-over-Year +6.2% Year-over-Year

27

$85.4M Total Volume +68.8% Year-over-Year

+22.9% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

Listings

43 Closed Sales

19 Average Days-on-Market $1,231

Average Price Per SqFt

$1.8M

Median Sale Price

$80.7M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

77 Average Days-on Market

$697K Median Sale Price

6 Closed Sales

$625 Average Price Per SqFt

$4.6M Total Volume

Saratoga

What's in the Saratoga data?

The market for Single Family Homes, Condo, and Townhomes units saw 23 closed sales at a median price of $4.1m. There was a total of 43 new listings with an average of 32 days on the market without price reduction and with an average price per square foot of $1,518.

2025

43

$1,518 Average Price Per SqFt +43.3% Year-over-Year -2.1% Year-over-Year

23

Year-over-Year

Year-over-Year

32 $91.2M Total Volume +77.8% Year-over-Year -7.8% Year-over-Year

40 New Listings

25 Average Days-on-Market

$4.3M

Median Sale Price

19 Closed Sales

$1,632

Average Price Per SqFt

$84.6M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

Condo & Townhomes

3 New Listings

69 Average Days-on Market

$1.7M Median Sale Price

4 Closed Sale

$975 Average Price Per SqFt

$6.5M Total Volume

Luxury Listings for Sale

Santa Clara County

The market for Single Family Homes, Condo, and Townhomes units saw 977 closed sales at a median price of $1.6m. There was a total of 1,531 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $1,074.

What's in the Santa Clara County data?

September 2025

1,531

+6.3% Year-over-Year

Average Price Per SqFt

$1,074

+0.2% Year-over-Year

977

$1.6M Median Sale Price +5.1% Year-over-Year +5.2% Year-over-Year

29

+20.8% Year-over-Year

$2B Total Volume

+12.2% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

Single Family Homes

1,064

New Listings

696 Closed Sales

25 Average Days-on-Market

$1,195

Average Price Per SqFt $1.9M

Median Sale Price

$1.6B

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

466

38 Average Days-on Market

$950K Median Sale Price

281 Closed Sales

$775 Average Price Per SqFt

$302M Total Volume

Luxury Listings for Sale

Almaden Valley (San

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 30 closed sales at a median price of $2.1m. There was a total of 30 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $948.

Almaden Valley (San Jose) data?

2025

30

$948 Average Price Per SqFt -14.3% Year-over-Year

Year-over-Year

30

$2.1M Median Sale Price +0% Year-over-Year -5.5% Year-over-Year

23

$64.6M Total Volume +0% Year-over-Year -9.2% Year-over-Year

Condo & Townhomes

3

New Listings

35 Average Days-on Market

$1.1M Median Sale Price

2 Closed Sales

$810 Average Price Per SqFt

$2.3M Total Volume

Blossom Valley (San

What's

The market for Single Family Homes, Condo, and Townhomes units saw 65 closed sales at a median price of $1.3m. There was a total of 79 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $798.

in the Blossom Valley (San Jose) data?

September 2025

79

+0% Year-over-Year

Average Price Per SqFt

$798 New Listings

-5.8% Year-over-Year

65

$1.3M Closed Sales Median Sale Price +10.2% Year-over-Year

+1.1% Year-over-Year

Total Volume +45% Year-over-Year

29 $81M Average Days-on-Market

+8.8% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings. The most recent month’s data is based on available numbers, but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

46 Average Days-on Market

$602K Median Sale Price

18 Closed Sales

$640 Average Price Per SqFt

$10.8M Total Volume

Luxury Listings for Sale

Campbell

What's in the Campbell data?

The market for Single Family Homes, Condo, and Townhomes units saw 35 closed sales at a median price of $1.8m. There was a total of 46 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $1,197.

September 2025

46

35

+6.9% Year-over-Year +11.1% Year-over-Year

$1,197 Average Price Per SqFt

$1.8M Median Sale Price +25% Year-over-Year +7.0% Year-over-Year

24

$68.6M Total Volume +50% Year-over-Year

+34.8% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

13 Average Days-on Market

$1.3M Median Sale Price

9 Closed Sales

$845 Average Price Per SqFt

$11.1M Total Volume

Cupertino

What's in the Cupertino data?

The market for Single Family Homes, Condo, and Townhomes units saw 22 closed sales at a median price of $2.6m. There was a total of 35 new listings with an average of 13 days on the market without price reduction and with an average price per square foot of $1,522.

35

2025

22

Year-over-Year +1.5% Year-over-Year

$1,522

Year-over-Year

Year-over-Year

13 $55.6M Total Volume -13.3% Year-over-Year -22.6% Year-over-Year

Family Homes

26 New Listings

9 Average Days-on-Market

$1,761

Average Price Per SqFt $3M

$46.9M

Total Volume

Median Sale Price 15 Closed Sales

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

Condo & Townhomes

9 New Listings

7 Closed Sales

20 Average Days-on Market

$1.2M Median Sale Price

$1,009 Average Price Per SqFt

$8.7M Total Volume

Luxury Listings for Sale

Los Altos

What's in the Los Altos data?

The market for Single Family Homes, Condo, and Townhomes units saw 36 closed sales at a median price of $4.2m. There was a total of 48 new listings with an average of 12 days on the market without price reduction and with an average price per square foot of $1,961.

48

2025

$1,961

Year-over-Year

36 $4.2M

Year-over-Year

Year-over-Year

12 $167M

40 New Listings

29 Closed Sales

13

Average Days-on-Market $2,052

Average Price Per SqFt

$4.8M

Median Sale Price

$148M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

Condo & Townhomes

8 New Listings

7 Average Days-on Market

$2.8M Median Sale Price

$1,586 Average Price Per SqFt

7 Closed Sales $19.2M Total Volume

Luxury Listings for Sale

Santa Teresa (San Jo

What's in the

The market for Single Family Homes, Condo, and Townhomes units saw 29 closed sales at a median price of $1.2m. There was a total of 39 new listings with an average of 49 days on the market without price reduction and with an average price per square foot of $719.

Santa Teresa (San Jose) data?

39

2025

$719

Year-over-Year

Year-over-Year

49 $36.3M Total Volume +145% Year-over-Year +23.4% Year-over-Year

61 Average Days-on Market

$1M Median Sale Price

13 Closed Sales

$649 Average Price Per SqFt

$13.2M Total Volume

Luxury Listings for Sale

Santa Clara City

What's in the Santa

The market for Single Family Homes, Condo, and Townhomes units saw 60 closed sales at a median price of $1.6m. There was a total of 95 new listings with an average of 30 days on the market without price reduction and with an average price per square foot of $1,089.

Clara City data?

September 2025

New Listings

95

+11.8% Year-over-Year

Average Price Per SqFt

$1,089

-3.1% Year-over-Year

60

$1.6M Closed Sales Median Sale Price +7.1% Year-over-Year

-6.5% Year-over-Year

Total Volume +100% Year-over-Year

30 $101M Average Days-on-Market

+5.6% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

Listings

32 Closed Sales

22 Average Days-on-Market $1,371

Average Price Per SqFt $2.1M

Median Sale Price

$69.4M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

40 New Listings

39 Average Days-on Market

$1M Median Sale Price

28 Closed Sales $31.5M Total Volume

$776 Average Price Per SqFt

Luxury Listings for Sale

South San Jose

What's in the South

The market for Single Family Homes, Condo, and Townhomes units saw 38 closed sales at a median price of $1m There was a total of 58 new listings with an average of 29 days on the market without price reduction and with an average price per square foot of $670.

San Jose data?

September 2025

58

+13.7% Year-over-Year

Average Price Per SqFt

$670 New Listings

-9.8% Year-over-Year

38

$1M Closed Sales Median Sale Price +8.6% Year-over-Year -2.3% Year-over-Year

29 $38M Average Days-on-Market Total Volume +31.8% Year-over-Year

+5.7% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

34 Average Days-on Market

$860K Median Sale Price

16 Closed Sales

$603 Average Price Per SqFt

$12.5M Total Volume

Luxury Listings for Sale

Sunnyvale

What's in the Sunnyvale data?

The market for Single Family Homes, Condo, and Townhomes units saw 73 closed sales at a median price of $1.8m. There was a total of 106 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,265.

September 2025

106

+12.8%Year-over-Year

Average Price Per SqFt

$1,265 New Listings

-7.1% Year-over-Year

73

$1.8M Closed Sales Median Sale Price +43.1% Year-over-Year -3.2% Year-over-Year

+64.3% Year-over-Year

Total Volume

23 $151M Average Days-on-Market

+40.9% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

Listings

19 Average Days-on-Market $1,546 Average Price Per SqFt $2.6M Median Sale Price 42 Closed Sales

$109M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

29 Average Days-on Market

$1.3M Median Sale Price

31 Closed Sales

$883 Average Price Per SqFt

$42M Total Volume

Willow Glen (San Jos

What's

The market for Single Family Homes, Condo, and Townhomes units saw 41 closed sales at a median price of $1.9m. There was a total of 76 new listings with an average of 23 days on the market without price reduction and with an average price per square foot of $1,043.

in the Willow Glen (San Jose) data?

September 2025

New Listings

76

+0% Year-over-Year

Average Price Per SqFt

$1,043

-1.9% Year-over-Year

41

$1.9M Closed Sales Median Sale Price -19.6% Year-over-Year +2.9% Year-over-Year

23

Total Volume -4.2% Year-over-Year

$89.7M Average Days-on-Market

-4.9% Year-over-Year

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity Data from sources deemed reliable but August contain errors and are subject to revision

61 New Listings

23

Average Days-on-Market

$1.9M

Median Sale Price

38 Closed Sales

$1,073

Average Price Per SqFt

$86.5M

Total Volume

Data includes all single family, townhome, and condominium sales in the Bay Area sourced from MLS Listings. The most recent month’s data is based on available numbers but August change with late reported activity. Data from sources deemed reliable but August contain errors and are subject to revision.

Condo & Townhomes

15 New Listings

25 Average Days-on Market

$1M Median Sale Price

3 Closed Sales

$660 Average Price Per SqFt

$3.1M Total Volume

Dedicated to Success

Being an independently owned and operated franchise of Keller Williams, KW Bay Area Estates has the position as the Bay Area’s foremost luxury real estate services firm with the execution of best-in-class customer service. KWBAE’s unparalleled team consists of more than 250 associates and professionals strategically located in Los Gatos and Saratoga. Under the same ownership, we have our division of KW Commercial South Bay.

With uncompromising principles, KW Bay Area Estates has established a new standard of excellence within the industry. The company’s growth has been strategic and exciting. Since its inception, the team has successfully represented more than 10,000 transactions, totalling more than $13 billion in closed sales volume.

Dedicated to upholding unparalleled standards for integrity and client care, they strive to create a culture where agents thrive while developing their own businesses to their maximum potential. KW Bay Area Estates has distributed to their associates over $2.7 million in profit share.

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