Milpitas, Ca Third Quarter 2020 Real Estate Market Update

Milpitas Third Quarter 2020 Real Estate Market Update for Single Family Homes

In Milpitas, the median sales price for single family homes is $1,210,000 in the third quarter of 2020. Single family homes sold in just 11 days for 103% of the asking price. This is based on 77 sales in the third quarter of 2020.

The number of sold single family homes sales decreased to 77 unit sales in the third quarter of 2020. The number of sold single family homes sales was 79 unit sales in the third quarter of 2019. This is a decrease of 3% in the number of homes sales in the third quarter of 2020.
The median sales price for a single family home in Milpitas is $1.21M in the third quarter of 2020. The median sales price for a single family home in Milpitas was $1.11M in the third quarter of 2019. This is an increase of 9% in the median sales price in the third quarter of 2020 .
The median days on market (DOM) for single family homes dropped to 11 days in the third quarter of 2020. The median days on market (DOM) for a single family home was 14 days in the third quarter of 2019. This is a decrease of 21% in the median days on market in the third quarter of 2020.
The number of new listings for single family homes increased to 99 units in the third quarter of 2020. The number of new listings for single family homes was 84 units in the third quarter of 2019. This is an increase of 18% in the number of new listings in the third quarter of 2020.
The average percentage of list price received for single family homes is 103% in the third quarter of 2020. The average percentage of list price received for single family homes  was 101% in the third quarter of 2019.  This is an increase of 2% on the average percentage of list price received in the third quarter of 2020.
The average price per sqft for single family homes increased to $705 per sqft in the third quarter of 2020.  The average price per sqft for single family homes was $667 in the third quarter of 2019. This is an increase of 6% on the average price per sqft in the third quarter of 2020.

 

 

 

 

 

 

 

Data Provided by MLSListings. Powered by Aculist.

Milpitas Third Quarter 2020 Real Estate Market Update for Condominiums and Townhouses

In Milpitas, the median sales price for condominiums and townhouses is $870,000 in the third quarter of 2020. Condominiums and Townhouses sold in just 14 days for 101% of the asking price. This is based on 54 sales in the third quarter of 2020.

The number of sold condominiums and townhouses sales increased to 54 unit sales in the third quarter of 2020. The number of sold condominiums and townhouses sales was 66 unit sales in the third quarter of 2019. This is a decrease of 18% in the number of homes sales in the third quarter of 2020.
The median sales price for condominiums and townhouses in Milpitas is $870,000 in the third quarter of 2020. The median sales price for condominiums and townhouses in Milpitas was $885,000 in the third quarter of 2019. This is a decrease of 2% in the median sales price in the third quarter of 2020 .
The median days on market (DOM) for condominiums and townhouses dropped to 14 days in the third quarter of 2020. The median days on market (DOM) for condominiums and townhouses was 32 days in the third quarter of 2019. This is a decrease of 56% in the median days on market in the third quarter of 2020.
The number of new listings for condominiums and townhouses increased to 85 units in the third quarter of 2020. The number of new listings for condominiums and townhouses was 86 units in the third quarter of 2019. This is a decrease of 1% in the number of new listings in the third quarter of 2020.
The average percentage of list price received for condominiums and townhouses is 101% in the third quarter of 2020. The average percentage of list price received for condominiums and townhouses  was 99% in the third quarter of 2019.  This is an increase of 2% in the percentage of list price received in the third quarter of 2020.
The average price per sqft for condominiums and townhouses increased to $612 per sqft in the third quarter of 2020.  The average price per sqft for condominiums and townhouses was $604 in the third quarter of 2019. This is an increase of 1% on the average price per sqft in the third quarter of 2020.

 

 

 

 

 

 

 

Data Provided by MLSListings. Powered by Aculist.

The real estate market in Milpitas, Ca is very strong due to lack of inventory, strong buyer demand and historically low interest rates. Many properties are receiving multiple offers based on the condition, pricing and location of the property.

Gina Arigna and Amit Singh have been helping Santa Clara, Alameda and San Mateo County residents purchase and sell residential real estate for the past 15 years. They work at Keller Williams Silicon City which is located in San Jose,Ca. Gina and Amit have helped many buyers realize their dream of homeownership by offering expert market knowledge, complimentary market snapshot, access to Keller Williams connections, expert negotiation and offer presentation, agent availability, responsiveness and post home purchasing assistance to name a few. They have also helped many sellers sell their home for top dollar, in a short period of time with the least hassle because of their complimentary and cutting edge marketing strategies. If you have any questions regarding the Milpitas or Santa Clara County real estate market, please reach out to Gina Arigna (408.858.6679) or Amit Singh (650.521.2320) or visit www.arignahomes.com

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