Real Estate Resources

Tools, guides, and insights to help you make informed real estate decisions in Silicon Valley

Market Insights Videos

Expert analysis & market trends

The Spring Housing Market is Here! Here's What We Already Know

The spring market has officially arrived. Mike Simonsen breaks down the earliest data signals — new listings, pending sales, and buyer demand — to show what kind of spring we're heading into.

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March 2026 · Data through February
🔴 Live Compass Data

Bay Area Real Estate Reports

Full Compass market reports — Santa Clara County, San Francisco & East Bay

Santa Clara County: San Jose, Palo Alto, Cupertino, Sunnyvale, Mountain View, Saratoga & more

Median SFH Price

$1,825,000

↑ +15.5%

YoY Feb 2026

Median Condo Price

$940,000

↑ +11.9%

YoY Feb 2026

Avg Days on Market

13 days

↓ -7 days

SFH Feb 2026

Sale-to-List Ratio

110.2%

↑ +5.6pts

Avg Feb 2026

Active Listings

1,050

↑ +27.8%

vs Jan 2026

Months of Supply

0.8 mo

● Strong Seller

Feb 2026

Median Sale Price Trend

SFH vs. Condo/TH — Santa Clara County

Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26$0K$500K$1.0M$1.5M$2.0M
  • SFH
  • Condo/TH

Sale-to-List Price Ratio

Above 100% = over asking price

Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '2698%102%106%110%114%100%

Avg. Days on Market

SFH vs Condo/TH — lower = hotter market

Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '260 d7 d14 d21 d28 d
  • SFH
  • Condo/TH

Active & New Listings

Monthly inventory — Santa Clara County

Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26040080012001600
  • Active Listings
  • New Listings

Median Price by City — February 2026

Santa Clara County market breakdown with YoY % change

$0K$2.0M$4.0M$6.0M$8.0MAthertonLos AltosPalo AltoSaratogaMenlo ParkCupertinoMountainViewSunnyvaleSan JoseMilpitas$7.5M$4.1M$3.4M$3.5M$3.1M$2.5M$1.9M$1.9M$1.2M$1.1M
Atherton↑11.2%
Los Altos↑9.3%
Palo Alto↑8.1%
Saratoga↑6.8%
Menlo Park↑7%
Cupertino↑5.2%
Mountain View↑5.9%
Sunnyvale↑5.4%
San Jose↑6.2%
Milpitas↑4.1%

92 Pages of Data

Want the full Compass report?

3 full Bay Area reports — Santa Clara County, San Francisco & East Bay — all with Compass market data through February 2026.

Real-Time Market Data

Stay informed with up-to-date Silicon Valley real estate statistics

Median Home Price

$2.1M

+8.2%

vs. last month

Average Days on Market

18 Days

-12%

vs. last month

Homes Sold (Last 30 Days)

347

+15%

vs. last month

Price per Sq Ft

$1,245

+6.5%

vs. last month

Price & Volume Trends

Bay Area Market Overview

AugSepOctNovDecJan$0.0M$0.6M$1.1M$1.6M$2.2M090180270360
  • Median Price
  • Sales Volume
Neighborhood Market Comparison

Median prices by county

Palo AltoLos AltosMountain ViewSan Jose$0.0M$0.9M$1.8M$2.7M$3.6M

Palo Alto

12 days on market

+8.2% YoY

Los Altos

15 days on market

+9.5% YoY

Mountain View

18 days on market

+6.8% YoY

San Jose

22 days on market

+5.2% YoY

Compass News & AI Market Analysis

Stay up to date with the latest from Compass, filtered to your needs

Filter Market Data

County

Date Range

Market Trend

Downloadable Market Reports

Get comprehensive insights with our detailed market analysis reports

Q1 2026 Market Report

Comprehensive analysis of Silicon Valley real estate trends

PDF • 2.4 MB

Neighborhood Guide

In-depth profiles of Santa Clara & San Mateo counties

PDF • 3.1 MB

Investment Outlook 2026

Market forecasts and investment opportunities

PDF • 1.8 MB

Mortgage Calculator

Estimate your monthly mortgage payments based on your specific situation

Mortgage Calculator
Compare scenarios & get pre-qualified

Today's Market Rates

30-Year Fixed

5.98%

Most Popular

15-Year Fixed

5.44%

Save Interest

5/1 ARM

6.01%

Lower Start

FHA 30-Year

6.942%

Low Down

VA 30-Year

6.936%

Veterans

💡 Click any rate to apply it instantly

Trend: down

Enter address for more accurate tax & insurance estimates

California Proposition 19 · Senior Tax Benefit

55+ Property Tax Base Transferfor Your Next Home

If you are 55 or older, you may be able to keep your lower property tax base when moving to another home anywhere in California.

$10K–$20K+

Avg. Annual Tax Savings

58

California Counties

3×

Lifetime Transfers

2 Years

Transfer Window

Plain-English Explanation

What Is the Property Tax Base Transfer?

When you sell your California home and buy a new one, the county assessor normally reassesses the new property at its full purchase price — which can trigger a dramatic increase in your annual property taxes.

California Proposition 19 gives homeowners who are 55 years or older the ability to transfer their current, lower assessed value (tax base) to a qualifying replacement home — anywhere in the state — up to three times in their lifetime.

This is a game-changer for seniors looking to downsize, relocate closer to family, or move to a home that better fits their lifestyle — without facing a painful property tax increase.

Must be 55+ at time of original home sale
Both homes must be your primary residence
Buy or sell within 2-year window
Works statewide — all 58 California counties
Available up to 3 times in your lifetime
Statewide — All 58 Counties Up to 3 Lifetime Transfers Age 55+ Eligible

Tax Savings Estimator

Real-time market data + interactive calculator

Live Market Value Lookup

Current assessed value$400,000
Your home sells for$1,200,000
New home purchase price$1,400,000
New taxable base (with transfer)$600,000
Without transfer, taxable base$1,400,000
Est. annual savings$10,000
Over 10 years$100,000

*Estimate based on ~1.25% effective property tax rate. Actual savings vary.

Key Rules to Know

Everything You Need to Understand

Six essentials about the 55+ California property tax base transfer under Prop 19

Preserve Your Low Tax Base

Your home may be assessed far below market value. Prop 19 lets eligible seniors carry that lower tax base to a new home — keeping hundreds or thousands in your pocket each year.

Move Anywhere in California

The transfer is statewide. All 58 counties participate. Downsize to the coast, move inland, or relocate closer to family — your tax savings travel with you.

Primary Residence Only

Both the home you sell and the replacement home must be your primary residence. Vacation homes and investment properties are not eligible.

2-Year Timing Window

You must purchase or complete construction of your replacement home within 2 years of selling your original home — before or after the sale.

Works Even If You Upsize

Moving to a more expensive home? You still benefit. Any price difference above your original sale is simply added to your transferred base — still a major saving.

Up to 3 Lifetime Uses

Under Prop 19 (effective Feb. 2021), qualifying homeowners can use this benefit up to three times in a lifetime — giving you flexibility for future moves.

How the Process Works

A simple four-step overview for qualifying seniors

01

Verify Your Age & Eligibility

Confirm you are 55+ and the home being sold is your primary residence.

02

Find Your Replacement Home

Identify a new primary residence anywhere in California within the 2-year window.

03

File a Claim with the County

Submit a base-year value transfer claim with the county assessor after purchase.

04

Enjoy Your Tax Savings

Your lower assessed value carries over — saving you thousands per year.

Free Consultation

Thinking about selling and buying your next home?

Let us help you understand whether you may qualify for a 55+ property tax transfer strategy — and build a personalized plan to make your next move as tax-efficient as possible.

Free eligibility assessment
Statewide property search support
Connect with CPA / tax advisors
No obligation — just expert guidance
5-star Google rating

"The team helped us understand our Prop 19 options and saved us over $14,000 a year in property taxes."

— Bay Area client, 2024

(408) 888-2024

Schedule a Consultation

Takes less than 2 minutes. No cost, no obligation.

🔒 Your information is private and never shared.

Common Questions

Frequently Asked Questions

Everything you need to know about California's 55+ property tax transfer

Disclaimer: This information is for general educational purposes only and is not tax or legal advice. Tax rules can change and eligibility depends on individual circumstances. Please consult your county assessor, CPA, or legal advisor regarding your specific situation before making any real estate or financial decisions.

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