San Jose Housing Market Recovering As Spring Market Heats Up

Spring 2012 Housing market for San Jose and Santa Clara County appears to be off to a strong start according to real time market data and Realtors anecdotal reports. The median price for a single-family home in San Jose, CA is $477,000, up from $463,000 in February of 2009. The median home price for Santa Clara County in January was $648,238. Back in February 2007, the median price in San Jose was $715,000, according to historical statistical data from the Santa Clara County Association of REALTORS. According to a recent Rismedia report, housing…continue reading →

Santa Clara County Real Estate Market Report – January 2012

sales for Single Family started in a slump this year. 556 Single Family sales is the lowest total since February 2008. Even the Median/Average Price took a dip both from last month and the same month from a year back. This is the 15th month in a row the median price for homes have been lower than a year before. Get all the statistics in the table below. Santa Clara County Condominium Market Report: Condo Sales too were off 38% from a month back, but up slightly from January 2011. The median prices…continue reading →

Mortgage Production Volume Down and Real Estate Sales up in 2012?

The Real Estate sales is expected to inch higher, while mortgage production volume is predicted to go down , according to economists at Fannie Mae. The second half of the year should outpace the first six months in terms of growth, though fiscal policy and political uncertainty in Washington will likely drive consumer and business activity, the mortgage giant said. Fannie Mae Chief Economist Doug Duncan said - Positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year. We're entering 2012 with decent momentum,…continue reading →

San Jose Real Estate Market Report – October 2011

San Jose Real Estate Single Family Market Report Both Median and Average Price went up for San Jose Single Family Market in October 2011 compared to September. But still remained lower compared to last year. However, number of sales was much higher than same month last year. The table below has more statistics: San Jose Real Estate Condominium Market Report Median Price for San Jose Condominiums remained almost the same compared to last month and also from the same month last year. Number of Condominium sales was up from last month and also…continue reading →

Santa Clara County Real Estate Market Report – July 2011

Should I buy a home now? It funny, back in 2006 and 2007 almost no one was asking that question. Instead, they were asking, How much home can I buy?Wrong question at the wrong time. Fast forward to today and buyers should be asking how much home can I buy and not should I buy a home now. Yes, I know, a real estate agent will always say yes when asked if its a good time to buy a home.But, today market offers an unprecedented opportunity. Let me explain. First, take Santa Clara…continue reading →

National Home Values – What the Media won’t tell you

The real estate market still faces many challenges. High unemployment, foreclosures and other distress sales are keeping negative pressure on prices. This of course is good news if you are looking to buy as low rates and lower prices have brought affordability to record levels. How Affordable? - Since 1963, it has cost an average of approximately 43% of 'per capita' or individual income to finance the cost of a median priced home (20% down payment and prevailing 30 year fixed rate mortgage). Right now, it's only about half of that cost at…continue reading →

San Jose, CA Real Estate Market – Home Sales and Median Price up

Both the Median Price and Home Sales for Single Family houses were up in San Jose, CA real estate market in April, 2011 compared to previous month. However, on a year over year comparison both the values were slightly down. See the full report below. San Jose Condominium Market Report: The Condo market took a hit both on Number of sales and Median Price compared to March, 2011. However, compared to a year ago the sales was up 10.4%. Get the full report in the chart below. Note that the Real Estate is…continue reading →

San Jose, CA Real Estate Market Report – March 2011

San Jose Single Family Real Estate Market Report Median Price, Average Price and number of Sales - All went up in March compared to February 2011. However all three numbers were down from March 2010. Days on market (the time it takes for a home to sell after it's listed for sale) is down to 64 days compared to last month when it was 70 days. Sale vs List price continues to be almost at 100, meaning most of the homes are selling close to what the listing price is. In some cases…continue reading →

San Francisco Bay Area Real Estate Market Trends – March 2011

Best March in 4 years for San Francisco Bay Area Real Estate A total of 7,051 new and resale houses and condos sold in the nine-county Bay Area last month. That was up 41.3 percent from 4,991 in February and up 0.2 percent from 7,040 in March 2010, according to San Diego-based DataQuick. Last month sales count was the highest for a March since 8,317 homes sold in March 2007. The median price paid for all new and resale houses and condos in the Bay Area was $360,000 last month, up 6.7 percent…continue reading →

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