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…
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Real Estate Trends
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…
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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…
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Santa Clara County Real Estate Market Report – March 2011
Real Estate Prices and Sales Bounce Back in March in Santa Clara County Sales of single-family, re-sale homes continued to gain ground last month in Santa Clara County, rising 52.1% from February, and up 11.8% year-over-year.The median price for single-family, re-sale homes in Santa Clara County was up 7.1% from February, but down 5.4% year-over-year. This is the fifth month in a row the median price has been lower than the year before. The average price was up 14% from February and posted a 3.8% year-over-year gain. The rise in the average price…
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Bay Area Real Estate Market Report for February 2011
Bay Area home's median sale price fell below the year-ago level for the fifth consecutive month while the sales volume remained virtually unchanged from a year ago. The share of homes sold to investors and Cash Buyers continued to be at record levels. A point to note is that January and February are usually the slow months and may or may not provide any accurate indication for the rest of the year. A total of 4,991 new and resale houses and condos sold in the nine-county Bay Area last month. That was up…
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Santa Clara County Real Estate Market Report – February 2011
In this post you will find the snapshot of the Santa Clara County Real Estate Market including Median Price, Homes for Sale and Inventory for February, 2011. Home Sales in Santa Clara County were up in February: Sales of single-family, re-sale homes continued to gain ground last month, rising 3.3% year-over-year. The 633 sales were the largest number of sales in February since 2007. The median price for single-family, re-sales homes in Santa Clara County was off 3.6% from last February. This is the fourth month in a row the median price has…
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San Mateo County Real Estate Market Report for February 2011
In this post you will find the Real Estate Market Report for San Mateo County. The report includes Sales, Median Price, Available Homes for Sale for Single Family and Condos. San Mateo County Home Sales were up in February 2011 compared to one year ago. Sales of single-family, re-sale homes rose for the third month in a row in February. Home sales were up 1.5% compared to February 2010. The median price for single-family, re-sales homes in San Mateo County fell, year-over-year, for the fifth month in a row. The median price was…
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Can I purchase a new home if my spouse does a Short Sale?
Short sales, in most cases, are one of the most economical solutions for all parties involved when a borrower can no longer afford their home. The bank typically incurs a smaller financial loss than would result from an ultimate foreclosure or continued delinquency on the mortgage payments. Borrowers may be able to soften the overall damage to their credit, and potentially settle future deficiency judgments. The big question on hand is.......What is life like after a short sale?? If you're married and your spouse has recently had a short sale, you may still…
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Benefits and Drawbacks of a short sale on a California Home
There are many benefits to a Short Sale versus a Foreclosure for a California homeowner, but there also many drawbacks to a short sale that need to be considered before deciding on the best course of action. A short sale is a great option for California home owners who need to sell their home and owe more than their property is worth, but a short sale is not for everybody. Benefits of a Short Sale A short sale will not drop the FICO score as much as a foreclosure. It is estimated a foreclosure…
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Short Sale vs. Foreclosure – What you need to know to make an informed decision
Whether you should do a short sale or let the home go to foreclosure depends on several factors. While for some homeowners, it is easier to throw up your hands and let the bank take your home, that might not be the wisest thing to do. Short Sale Benefits Here are a few benefits for doing a short sale that may not have occurred to you: You may sleep better at night knowing who is buying your home. You will spare yourself the social stigma of the "F" word, foreclosure. Contrary to popular…
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