Santa Clara County Home Sales Up Fourth Month in a Row

1 comment  | 

Sales of single-family, re-sale homes in Santa Clara County were up 44.7% in October compared to last year. Month-over-month, sales fell 8%. Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 99.6%, and Gilroy where sales were up 372.7%.

Home prices continue to be affected by the bank-owned property that has flooded the market.
The median price continued to slide, down 7.8% from September, and off 35.8% year-over-year.
Inventory continues to decline, falling 8.1% from September, and down 12.1% compared to October 2007.
Condo sales tumbled 10.7% from September, and were down 19% year-over-year.
The median price for condos, on the other hand, rose 5.3% month-over-month, but was off 28% compared to last October.
If you are in escrow with one of the new higher-limit, conforming loans, or you expect to buy a home before the end of the year, remember, the new, higher conforming loan limit of $729,750 expires at the end of the year. You must have your loan funded by then. Starting January 1st, the conforming loan limit will be $625,000.

You can read the full on-line report here:
There is also an 4 page printable version with more articles here:


The Santa Clara County Real Estate Report is brought to you by:

Andrew Hartland
Realty World Homes & Estates
2130 The Alameda, Suite 200
San Jose, CA 95126
(408) 206-0122

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Santa Clara County Home Sales Up Fourth Month in a Row”

  1. Deutsche Kasinos on April 21, 2010 at 8:53 pm

    Niche Blog…

    The online blog featured content that backs up the claims of the corporate giant….