There are currently only 41 active single family listings in Blossom Valley, CA.
33/365 (Photo credit: sanjoseweb)
Last year there were 131 active listings. The number of listings is down by a whopping 69%! These is an incredible reduction in numbers.
The homes range in price from $250,000-$1,995,000. The current median list price is $525,000 compared to last year at $500,000.
There were 60 pending sales in the last 30 days. List price range for pending sales is $350,000-$1,299,000. This number is getting severely impacted by the lack of inventory. The buyers are out there in full force wanting homes.
There were 35 closed sales in April. Again these numbers would be a lot higher with more inventory.
The condo/townhome market has 18 active listings. April 2011 there were 115 active listings. The number of current listings is down 84%. There are currently 52 pending sales in the last 30 days. The closed condo/townhome sales were 42 in April and this number is up 24% from last year.
As of April 30, 2012 active listings in Santa Clara County are a scant 1621, of that the single family homes were 1263 and condo/townhomes were 358. This number is continuing to decline. These numbers were down 55% from last year’s figure!
The number of homes and townhome/condos that went into contract over the last 30 days was 1779 (single family – 1318, condo/townhome – 461). This figure was less than last year. However, if we had the inventory we would have sold a lot more homes! Many areas of seeing multiple offers on homes.
The number of closed sales in March were 1368 (987 were single family homes and 381 were condo/ townhomes). The closed sales up 7% over last year. Again, if we had more inventory these numbers would be through the roof!
Want to know more? Click here – Market Conditions
About Blossom Valley, CA
Pat Chadwell, broker
Realty World – Residential Specialists
408-927-6565 x 11