Santa Clara County Single Family Homes Market

An overview of Santa Clara County Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:

1.) The homes inventory dropped to 5117 this year from last year’s 5520.The sold homes are higher from 583 last March to 721 this year.

2.) The average price of Santa Clara County homes this year reduced to $592,941from last years’ $984,325. The median price on Santa Clara County homes has dropped from    $813,750$ to $450,000.

3.) It takes average 65 days to sell a Santa Clara County home, but last March was 55 days.

      With all the numbers that show we have more Santa Clara County homes for sale and more of them actually sold. The average and median price for Santa Clara County homes dropped about 33-45%  from last March 2008 to March 2009. The home price reflected that this year we have much more stressed sale which could be short sales and REO home sales. The above information is from the www.reil.com and the above photo is from interpro.com/Main/about/about.htm

 An overview of San Jose Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:

1.) The homes inventory dropped to 1012 this year from last year’s 1212. The sold homes number is higher from 298 last March to 456 this year

2.) The average price of San Jose homes this year has dropped to $454,550 from last years’ $758,457.

3.) It takes average 65 days to sell a San Jose home, but last March was 62 days. We have 200 less San Jose homes for sale this year. The good news is that a lot more homes actually sold this year. The average and median price for

The above photo of city San Jose is located at the downtown of San Jose from www.exuberance.com 

An overview of Santa Clara Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes. The left graph shows the city santa clara single family home price trean from March 2008 to March 2009:

1.) The homes inventory dropped to 201 this year from last year’s 202.The sold homes are lower from 26 last March to 22 this year

2.) The average price of Santa Clara homes this year has lowered to $582,515 from last years’ $710,236. The median price has dropped from 700,500$ to $542,000.

3.) It takes average 77 days to sell a Santa Clara home, but last March was 63 days.

      With all the numbers that show we have less Santa Clara homes for sale and less of them actually sold. The average and median price for santa Clara homes dropped about 18-22 %  from last March 2008 to March 2009. All the above information is from www.reil.com

Sunnyvale Calfornia Single Family Homes Market

An overview of Sunnyvale’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:

1.) The homes inventory rose to 182 this year from last year’s 168.The sold homes are lower from 47 last March to 31 this year.

2.) The average price of Sunnyvale homes this year has lowered to $610,762 from last years’ $953,963. The median price on Sunnyvale homes has dropped from 940,500$ to $520,000.

3.) It takes average 61 days to sell a Sunnyvale home, but last March was 39 days.

With all the numbers that show we have more Sunnyvale homes for sale and less of them actually sold. The average and median price for Sunnyvale homes dropped about 30-40% this year from last March to March. The price dropped due to a lot of lower end homes sold. The following graph shows the Sunnyvale sold price in thousands from March 2008 to March 2009. The above information came from the multiple listing services www.reil.com

Look at the left graph you can see March 2009 is the right most bar and the 1st from the left bar was the Cupertino homes for sale in March 2008. An overview of Cupertino’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:

1.) The Cupertino homes inventory rose to 127 this year from last year’s 65.The sold homes are lower from 23 last March to 9 this year.

2.) The average price of Cupertino homes this year has lowered to $1,170,465 from last years’ $1,311,979. The median price on Cupertino homes has dropped from  $1,185,000$ to $1,050,000.

3.) It takes average 28 days to a Cupertino home, but last March was 24 days.

      With all the numbers that show we have more Cupertino homes for sale and less of them actually sold. The average and median price for Cupertino homes dropped about 9- 10% from last March to this March.

There are thousands and thousands of foreclosures in Silicon Valley. The San Jose city official  announced that city has the funds to offer help for the troubled homeowners in

A “Foreclosure Help” workshop will be held April 23 at the Santa Clara County Fairground from noon to 5 p.m. It will feature city, county, non-profit groups, and the real estate and financial industries, offering information and resources on how to avoid foreclosure.“Foreclosure Help” will be a four-pronged approach that targets prevention, intervention, family stabilization and neighborhood stabilization, said San Jose City Mayor Chuck Reed.

Please check into the SJlibrary web page for the other information regarding foreclosure help.

Protecting Cupertino Union Schools

This morning Phil Quon, Superintendent  of  Cupertino Union School District, spoke at the SILVAR meeting this morning regard of the Parcel Tax Proposal .

He talked about the what is the measure B will do to the Cupertino Union School District?

The Cupertino union school district gets the lowest funding for all the school districts in Northern California. Durining the on going state budget cuts to education are theartening the local schools. The school district cannot rely on the state government alone to provide the high-quality education that we expect in our school.

Measure B is on a mail in only election ballot that will be mailed to the voters in early April. This $125 annual education parcel tax would provide stable revenue to support teachers and educational programs to continue high student achievement. Measure B will raise approximately $4 Millions a year in revenue for Cupertino Union School District. All funds would stay in the Cupertino Union School District and could not be taken away.

The Measure B will: retain qualified and experienced teachers ensure new teachers are adequately trained and supported. Keep schools safe and clean. Maintain smaller class sizes. Protect high-quality educational programs including science, math, art and music.

You may find more information from the www.greatschoolsyesonB.org

 Neal Wooley, Teacher and President of the Cupertino Education Assocation, said : Classroom teachers proudly support Measure B because it will help maintain small class sizes in our elementary and middle schools. this will allow teachers to provide the one-onone instruction that students need to succeed. Please vote YES on Measure B.”

The Sunnyvale is celebrating Earth day with many community events and activites from Saturday, April 18. Events Planned for the earth day week includes:

• April 18 – Sunnyvale Farmers Market to exchange the old mercury thermometer, get bicycle and transit maps, and see how the city Sunnyvale is growing greener.
• April 18 – Composting workshope
• April 20 – Children’s activities of water and recycling in the library
• April 22 – The future is here! Featured Earth Day workshop on current and emerging green technologies developing in Sunnyvale
• April 22 evening event -This free event will be held at City Hall, 456 W. Olive Ave., from 6:30 p.m. to 8:30 p.m. on Earth Day, April 22.  The event is registered with the International Council for Local Environmental Initiatives’ National Conversation on Climate Change at www.climateconversation.org,  and will be taped for future playback on KSUN-15.  Funding is provided by the City’s Bay Area Air Quality Management District grant on capacity-building for greenhouse gas reduction.
• April 25 – Citywide Garager sale
• April 25 – Great American Litter Pick-up

You may get a complete earth week activities visit Geen.inSunnyvale.com or http://insunnyvale.com/blog/