December 2nd weekly market update

This is the weekly market statistic update for Santa Clara county.  Active listings refer to single family homes, condos and town homes currently for sale.  Pending means any of the above homes in the process of being sold.  DOM means, how many days on the market before the properties received an offer and began the process of being sold/ escrow.  Months of inventory is the length of time it would take to sell all properties if nothing new came up for sale.  The sale to list price ratio is the percentage of how much above or below the list price the property actually sells for. 
One month ago there were 1120 active listings in Santa Clara county.  Today there are 1050.  The median days on market in December of 2013 was 19 days, in November it was 14 days.  One year ago the sale to list price ratio was 102.1%, in October  of this year it was 102.9% and in November of this year it was 102.9%.  One year ago there were 1162 closed sales in Santa Clara county for the month of December.  In October of 2014 there were 1369 closed sales in Santa Clara county and in November of 2014 only 989.  The median sale price in December 2013 for properties in Santa Clara county was 660K, October of 2014 it was 760K and November's median sale price was 751K.  We had 1.3 months of inventory in October of 2014 and 1.1 months in November of 2014. Please contact me to see find out how these statistics affect you!

Weekly market update 11-3-14

Today there are 1490 single family homes, condos and town homes for sale in Santa Clara county.  Last month there were 1736.  One year ago the median days on market was 15, it is 15 days for the month of October as well.  In November of 2013 the sale to list price ratio was  102.5% in September of this year it was 103.1% and in October is was 102.8%.  One year ago there were 1184 closed sales of town homes, condos and single family homes in Santa Clara county.  In September there were 1314 closed sales and in October there were 1296.  The median sale price of town homes, condos and single family homes in Santa Clara county this time last year was $730, 500K and last month it was $770,000K.  In September we had 2.4 months of inventory and last month we had 3 months of inventory.  Call me with questions about how you can buy, sell or invest!

Santa Clara County Market update 10-27-14

    

One month ago there were 1821 single family homes and condo/town homes on the market.  Today there are 1583.  The median days on market for single family homes and condos/town homes was 34 days this time last year.  In September it's 39 days.   The sale to list price ratio last year at this time was, %102.6, in August of this year it was %103.2 and in September it is %103.1.  Last year at this time there were 1436 closed sales of single family homes and condo/town homes.   In August the number was 1334 and in September it was 1313.  Last year the median sale price for single family homes, condos and town homes was $680K.  The median price in August was $760K and in September it was $731K.  The months of inventory for Santa Clara county in August was 2.3 and in September it was 2.4.  Please contact me to find out how these stats affect you!

Market update October 20th 2014

One moth ago, there were 1824 active listings in Santa Clara county.  Today there are 1643.  The median days on market one year ago was 15,  last month it was also 15.  This time last year the sale to list price ratio was 102.6%, in August of this year it was 103.2% and last month it was 103.1%.  One year ago there were 1436 closed sales in Santa Clara county.  In August, there were 1334 and last month there were 1311.  The Median sale price in September was731K.  In August it was 760K and in October of 2013 it was 680K.  Lastly, there were 2.4 months of inventory in August and 2.6 months of inventory in September.  If you have any questions about the market, your home value or if you know someone that needs my help,  let me know!