Polaris Pacific: Silicon Valley Condominium Market, June 2015

Polaris Pacific, Silicon Valley, condominium, condo

SV_June_2015_Final
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Annual Price and Sales Changes by District

The maps below (Figures 1 & 2) show annual percentage changes in median price and total sales by district. The largest price increase occurred in Districts 1 and 2, where the median price increased 11.9 percent.

Current Prices and Sales by District

Figure 3 shows a box-and-whisker plot of sales prices by district during the three-month period ending May 31, with wider boxes indicating more sales. As shown, District 3 had the highest median price ($940,000), while District 1 and 5 had the lowest ($470,000 and $495,000, respectfully). District 5 (San Jose) experienced the most sales during the period (737 sales).

Historical Prices and Sales

During the three-month period ending May 31, the median price increased 14.7 percent from the prior year to $655,000. The total volume stood at 981 resales, a 6.6 percent decrease from the prior year. The median price in Silicon Valley has surpassed its 2007 peak of $587,500 and continues to increase (see Figure 4).

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