05-16-2012Â 07:29 AM
In SF Southbay area including Santa Cruz and No Monterey Counties the story is the same. Â However, when one looks at
neighborhood statistics the asked and sold vs past sale data paints a HOT vs STEADY trends. This is as of end of April 2012.
MV, SU-HOT, little inventory, 3rd surge of price appreciation. Rate not yet determined.
West SJ -HOT, appreciation rate is school dependent. Best schools do not show higher appreciation.
Central San Jose-HOT, almost no inventory on low end, price appreciation is ~10% vs Q4 2011.
South San Jose-STEADY, little inventory price appreciation is moderate ~5% vs Q4 2011.
No San Jose-STEADY, little inventory, more flippers frm sales frm the lenders ~2% vs Q4 2011. This includes Milpitas as well,
Keller Williams Realty