Santa Clara County Realtor, Bill Tershy, can help
guide you through the available homes for sale in
Santa Clara
County. Whether you are looking for the perfect bungalow in
Willow, desire the fresh air and
picturesque mountain views of the
Los Gatos
Mountains, or an upscale estate in Saratoga,
Bill can Help!
Here is a Recent Snapshot of Santa Clara County's Real Estate Market
Sales of single-family
,
re-sale homes were up 27.8% in
October compared to last October.
This is the fourth month in a row homes sales have been up
year-over-year.
●
Year-to-date, home sales are off 8%.
● The median price for
homes rose 5.3% from September, but was down 31.7% year-over-year.
● Inventory was down
26% from last October. This is the sixth month in a row inventory has
declined year-over-year.
● Our Days of Inventory
indicator is at 195 days. In a balanced market,
the supply of homes is usually around five to six months.
Condo sales were up 19.4% from August, and up 68.2%
year-over-year.
● The median price for condos was down
13.4% from September, but up 8% compared to last October.
● The bank-owned property is clustered in
the condo and entry-level home market.
They constitute the largest percentage of sales, thereby driving
down statistical prices.
The Santa Clara County Mortgage Market – 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.
Housing Market Summary – The
Santa Clara County real estate market is very hard to generalize. Not
only do you have many individual, unique cities such as
San Jose,
Santa Clara,
Los Gatos,
Mountain View,
Los Altos,
Los Altos Hills, and Palo Alto,
but within each city there are many micro real estate market
such as San Jose's Willow Glen, Rose Garden, and many more.
For complete information on a particular neighborhood or property,
please click here or
call me at
(831) 423-SOLD (7653) or (888) 299-7653.
For more information on Santa Clara County's housing
market, mortgage rates, and available homes for sale, download a copy
of our latest newsletter. Click
here >>
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