Comments Off on Prices Continue Double-digit Gains | Tuesday, February 18, 2014
Property prices rose in February by double-digits: 34.5%. This is the fifth month in a row the median price has been higher than the year before by more than 20%.
We could be approaching irrational exuberance territory.
The median price for single-family, re-sale homes is up 53% from the bottom of the market, which was reached in March 2009.
We are still 21% below the peak which occurred in June 2007.
To read the full report: http://hartland.rereport.com/
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Santa Clara County Price Differences |
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from January 2012 & Peak & Trough |
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| Homes: detached | |||||
|
YTD |
Peak % |
Trough % |
Peak |
Trough |
|
|
3-month |
31% |
-21% |
53% |
Jun-07 |
Mar-09 |
|
12-month |
19% |
-20% |
31% |
Nov-07 |
Nov-09 |
| Homes: attached | |||||
|
3-month |
43% |
-25% |
49% |
Jun-07 |
Apr-09 |
|
12-month |
28% |
-27% |
29% |
Dec-07 |
Dec-11 |
|
Trends at a Glance |
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|
(Single-family Homes) |
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|
|
Feb 13 |
Jan 13 |
Feb 12 |
|
Median Price: |
$ 713,000 |
$ 660,000 |
$ 530,000 |
|
Average Price: |
$ 912,347 |
$ 825,759 |
$ 725,201 |
|
Home Sales: |
585 |
546 |
744 |
|
Pending Sales: |
1,236 |
1,068 |
1,860 |
|
Inventory: |
786 |
651 |
2,108 |
|
Sale/List Price Ratio: |
103.8% |
102.0% |
99.1% |
|
Days on Market: |
36 |
40 |
61 |
|
Days of Inventory: |
36 |
36 |
79 |
The Real Estate Report provides an automatic, easy to use, property analysis feature, a mini-CMA. You can access it in the Property Analysis tab. Input your address and get a list of properties around yours that have recently sold or are currently listed for sale, all on an easy to read map. http://hartland.rereport.com/ to see an example.
The Santa Clara County Real Estate Market Trends Report provideslocal market data on-line and in print.
Our on-line report provides an interactive experience where you can look at market trends down to the neighborhood level.
The four-page, condensed printable version of the report provides a brief summary of the local market and has county foreclosure stats. You can access it here:http://rereport.com/scc/print/AndrewHartlandSCC.pdf