Natalia, Other/Just Looking in Sunnyvale, CA

How is the housing market doing in Santa Clara county (California)?

Asked by Natalia, Sunnyvale, CA Mon Jun 18, 2007

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The housing market is holding steady. Statistics show that the market is slowing as sales are down and Days on Market is up. The good news is prices are holding steady as sellers are realizing just over 100% of their list price. Here are some specific data results with sales through April 2007
Condos/Townhomes Single Family Home
Median Price $550,000 $868,406
Median Price* 3.77% 4.63%
Average Price* 2.37% 3.12%
Sales* -12.74% -0.45%
Inventory* 19.47% 16.59%
DOM 44 46
% LP 100.58 100.4
Absorption Rate (1yr) 3.55 4.21
Absorption Rate (3mos) 4.24 5.41
inv change by year 36.37% 20.71%
med price change by year 10.00% 12.05%
closed to active 25.28% 22.72%
1 vote Thank Flag Link Thu Jun 21, 2007
It is definitely slowing down for the first time home buyer market- houses are staying on the market for longer then 3 weeks, which was unheard of during the past decade. That said, this can be a great opportunity as a buyer. I am a first time home buyer, and I am finding the best deals near Santa Clara University.
1 vote Thank Flag Link Tue Jun 19, 2007
Great for homes priced well for the market and excellent for homes located in the most desirable school districts. Otherwise, it's more of a buyer's market in many areas, such as East Valley, Santa Teresa, etc.

The only question that really matters is whether it's a good market for what you want to do; are you selling and moving out of the area, buying up, buying for the first time, etc. I have some general helpful quizzes on my Website to help you decide whether it's a good time for YOU to buy or sell (and no, the answer is not always yes!).
0 votes Thank Flag Link Thu Jul 5, 2007
The housing market in Santa Clara county heavily depends on where you are looking. Some areas are going better then others, like Sunnyvale and Cupertino, Almaden Valley and Los Gatos. Homes in those areas will always be in higher demand for socio economic factors like: good schools/crime rates/amount of people wanting to move in. Over all the picture is: homes spend more time on the market and are selling for close to asking price, buyers like to see upgraded houses that they will not need to invest more money once they move in (those homes go a lot quicker). Dima Borz. 408 7682037 Weichert Realtors.
Web Reference: http://dqnews.com
0 votes Thank Flag Link Tue Jun 26, 2007
Well the market here in Almaden Valley has been great all year. Just saw signs of it slowing down the past two weeks with less open house activity as a result of increased interest rates. Therese Swan-Alain Pinel Realtors-mobile 408.656.8240
0 votes Thank Flag Link Tue Jun 19, 2007
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