What is the current San Jose Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:
1). Home inventory reduced from from last year’s 3820 to this year 2171. The numbers of sold homes has increased from last year 460 to 694 this year.
2.) The average San Jose home sales price is lower. This June sales price is $503.660 vs last June’s ’ $670,452. The median sales of June 2009 is $448,000 which has dropped from last June’s $600,000.
3.) Last June took average 87 days to sell a home however this year will need 90 days to sell a home.
This real estate trend is the same as last month. In the June of 2009 there are 40% less homes in inventory and 50% more San Jose homes get sold. The average San Jose sales price dropped 22.87% and the San Jose median price homes dropped 25% from last June to this June. The above data information came from the www.reil.com.
If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me. . You can email me GraceKeng1@gmail.com to schedule an appointment.
Comments
The inventory last June are much higher that this June because most the inventory
come from SHORT SALE, REO, etc. Now is the time for those serious buyers to buy
instead of looking around , some listing right now are MULTIPLE OFFER specially
lower end price.I noticed that if you price your listing right it will sell right away.
Good Job ..
Joe Salceod