Each week we're looking for a California real estate market that's heating upppp - and this week's one might actually surprise you!
After a three-month break, Saratoga is back with a summer sequel as this week’s hottest market.
Sales are up 62.5% for the week, but down 33% vs. last month. Average days on market is very low at 22 days in the past week, down from 29 days last month and 35 days last year.
The decrease in days on market is a result of strong demand for this attractive housing market near high growth tech employment opportunities.
The median sale price this week of $3.4 million is on the high end of the range in recent weeks. The median home sale price reached a record $3.56 million in May 2021, up from $2.40 million in May 2020, but dipped back down to $2.89 million in July 2021.
Price per square foot of $1,370 in July 2021 represented an all-time high for this market, up from $989 in July 2021.
The sale to list price of 108% in July 2021 was down slightly from 109% in June 2021, but still signifies an extremely tight market compared to historical levels.
Popular home searches include updated kitchens, spacious yards, and swimming pools.
Check out the full analysis here.
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