Santa Clara County Market Conditions

Here is a quick snapshot at the Santa Clara County Market Conditions. This will give you an idea of how Santa Clara County real estate is doing now vs last year. Please keep in mind that the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property give me a call and I can get you that information.

Prices have gone up Year-Over-Year
 

Single Family Homes:

• Prices for single-family, re-sale homes were up in August, year-over-year, for the eleventh month in a row. The median price rose 13.7%, while the average price was up 15.4%, reflecting a higher share of $1,000,000+ home sales
• Sales of single-family, re-sale homes continued to slide and were lower than the year before for the third straight month: -13.1%.
• Inventory was higher than last year for the second month in a row: 18.4%. 

Condos:

• Median price for condos was up 5.3% year-over-year. This is the tenth month in a row the median price has been higher than the year before. After nine straight months of year-over-year gains, the average prices for condos dropped 1.7%.
• Condo sales were up 0.4% compared to last August. 
• Inventory for condos was higher than the year before for the third month in a row: 40.9%.