San Jose Real Estate * REALTOR ® * Richard Gonzalez » changing http://Siliconvalleybrokerblog.com Living in the Silicon Valley - News, Views, and Statistics Fri, 13 Apr 2012 16:10:14 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 DataQuick signals a change in our Market, but is this your signal? http://Siliconvalleybrokerblog.com/2008/08/20/dataquick-signals-a-change-in-our-market-but-is-this-your-signal/ http://Siliconvalleybrokerblog.com/2008/08/20/dataquick-signals-a-change-in-our-market-but-is-this-your-signal/#comments Wed, 20 Aug 2008 15:32:48 +0000 Richard Gonzalez http://www.siliconvalleybrokerblog.com/?p=21 DataQuick Article show promise of a changing market and

a home buyers opportunity

News from DataQuick today shows an increase in Bay Area sales over from

last months numbers but as the article states we are obviously down from

2007(year to year) numbers, still down from the inflated numbers over the

last few years. Look at the Santa Clara County figures.

Sales Volume Median Price
All homes Jul-07 Jul-08 %Chng Jul-07 Jul-08 %Chng
Alameda 1,577 1,428 -9.4% $605,000 $440,000 -27.30%
Contra Costa 1,328 1,730 30.3% $599,000 $350,000 -41.60%
Marin 306 277 -9.5% $887,500 $770,000 -13.20%
Napa 85 125 47.1% $614,500 $440,000 -28.40%
Santa Clara 1,910 1,660 -13.1% $700,000 $585,500 -16.40%
San Francisco 564 609 8.0% $799,000 $749,000 -6.3%
San Mateo 728 648 -11.0% $800,000 $670,000 -16.30%
Solano 408 592 45.1% $415,000 $275,000 -33.70%
Sonoma 517 517 0.0% $520,000 $362,500 -30.30%
Bay Area 7,423 7,586 2.2% $665,000 $470,000 -29.30%

(source DataQuick information systems

The article points to another signal that our local market has turned.

Buyer are finally starting to see a great opportunity and are taking advantage of it.

Sales of distressed properties REO’s and short sales were the leading the the charge.

Buyers are sitting on the sidelines waiting for a signal (BIG RED FLAG).

Interpretation; Yet another signal that the time is right for buyers who have

been waiting for a sign of a changing market. Sure there are many other people

who will lose their home(god bless them) but ultimately a decision to buy a home

should not be based on the wave of foreclosures to subside but based on finding

the right home for you at a great value(relatively speaking).

Finally the article does cover some other information in terms of lending practices

comparisons of today’s market to the 2005 figures but the message
is clear.

Check out the article for yourself:

Bay Area home sales climb above last year; median price falls hard

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