Mar 8
Santana Row – Real Estate Market Update January to February 2011
Tuesday, March 8, 2011 | Comments Off
Posts Tagged ‘January’
I uploaded the latest sales data to youtube. Please take a moment to watch this three minute video.
January 2010 sales data for Santa Clara County.
Feb 19
Santa Clara County Sales Volume and Median Price is UP in January 2010
Friday, February 19, 2010 | Comments Off
Santa Clara County sales are down but so is the inventory reported DQNews.com. The article published today states that January 2010 sales are down from December 2009 but those are normal levels for this time of year.
Limited inventory equals less sales activity
The article also attributes this to various factors including tax credit, financing and lack of inventory. I know this already but in our case our clients are experiencing very limited inventory as the main factor.
Trend should continue in 2010
While sales have fallen in recent months we are going to continue to see this trend in the Silicon Valley mostly because of HAFA and as the demand for housing continues to remain high. Another contributing factor is that sellers not in foreclosure who would normally consider selling are staying put as the economy continues to recover.
The chart below shows in increase in sales volume for Santa Clara County and an improvement in the Median sales price.
| Sales Volume |
Median Price |
|||||
| County | Jan-09 | Jan-10 | %Chng | Jan-09 | Jan-10 | %Chng |
| Alameda | 994 | 936 | -5.8% | $300,000 | $341,000 | 13.7% |
| Contra Costa | 1,333 | 1,078 | -19.1% | $220,000 | $257,250 | 16.9% |
| Marin | 122 | 153 | 25.4% | $525,000 | $535,000 | 1.9% |
| Napa | 78 | 87 | 11.5% | $370,000 | $350,000 | -5.4% |
| Santa Clara | 1,037 | 1,137 | 9.6% | $400,000 | $451,000 | 12.8% |
| San Francisco |
229 | 311 | 35.8% | $562,000 | $629,000 | 11.9% |
| San Mateo |
273 | 355 | 30.0% | $489,500 | $579,000 | 18.3% |
| Solano | 560 | 462 | -17.5% | $192,500 | $201,000 | 4.4% |
| Sonoma | 424 | 334 | -21.2% | $299,750 | $325,000 | 8.4% |
| Bay Area |
5,050 | 4,853 | -3.9% | $300,000 | $350,000 | 16.7 |
source dqnews.com Click here to read the DQNews article
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