HIGHLIGHTS for April 2009
– Home sales increased, year-over-year, by 33.1% in April. Year-to-date, home sales are up 33.4%.
– The median price for single-family, re-sale homes gained 4.4% from March, down 37.3% year-over-year.
The median price for single-family, re-sale homes rose 4.4% in April from March. Year-over-year, the median price was off 37.3% The average price gained 0.6%, month-over-month, but was down 38.3% compared to April 2008.
Home sales increased, year-over-year, by 33.1% in April. This is the tenth month in a row homes sales have been up compared to the year before. Year-to-date, home sales are up 33.4%.
Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 76.8%, and Gilroy where sales were up 93.3%.
Inventory continues to be lower than the year before: down 35.6%.
The sales price to list price ratio for homes rose 0.1 of a point to 98.4%. Days of inventory dropped 46 to 117 days for homes.
Condo sales rose 4.8% from March, and were up 11.5% year-over-year. The median price for condos rose 17.2% from March, and it was off 42.9% compared to last April. The average price gained 7.4%, month-over-month, but was down 36.9% compared to April 2008.
Condo inventory was down 33.3% year-over-year. The sales price to list price ratio for condos dropped 0.3 of a point to 97.1p%.
Go to my on-line site SCVReport.com for the full report, plus a city-by-city breakdown.
If you would like to search for properties in the Santa Clara Valley, go to my online search form at: MLS Search
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