The city is the site of the eighth of 21 California missions, Mission Santa Clara de Asís, and was named after the mission. The Mission and Mission Gardens are located on the grounds of Santa Clara University. The above picture is taken out side of the Santa Clara Univervisty.

What is the current Real Estate market in Santa Clara Calif ?

If we compare from November 2008 to November 2009, you will find some interesting changes: 

1). The home inventory has gone down from last year’s 199 to this year 97.  The numbers of sold homes has gone up from last year`s  32 to 34 this year. 

2.) The average Santa Clara home sales price is higher. In November 2009 sales price is $673,430 vs last November’s  $621,636 The median sales of  November 2009 is $638,000 which is a increase from last November’s $598,750. 

3.) Last November took average 67 days to sell a home however this year will need 29 days to sell a home. 

This real estate trend is the same as last month. In the November of 2009 there are 66% less home inventory and 6.3% more the Santa Clara homes get sold.  The average Santa Clara sales price rose 8.3% and the Santa Clara median price homes increased 6.6% from last November to this November.  The above data information came from the www.reil.com.

San Jose is the largest city in Nothern California and the 10th largest cities in US. What is the current Real Estate market in San Jose Calif ? If we compare from November 2008 to November 2009, you will find some interesting changes:

1). The home inventory has gone down from last year’s 3252 to this year 1597.  The numbers of sold homes has gone up from last year`s  392 to 515 this year.

2.) The average San Jose home sales price is higher. In November 2009 sales price is $557,564 vs last November’s  $515,059 The median sales of  November 2009 is $515,000 which it has an increase  from last November’s $456,500.

3.) Last November took average 69 days to sell a home however this year will need 69 days to sell a home.

This real estate trend is the same as last month. In the November of 2009 there are 50.9% less home inventory and 31.4% more the San Jose homes get sold.  The average San Jose sales price rose 8.3% and the San Jose median price homes increased 12.8% from last November to this November.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling home in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because myteam and I will make the transaction as pleasant and as stress free as such transactions can be. You can start it by emailing me GraceKeng1@gmail.com

Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains.

What is the current Real Estate market in Mountain View Calif ? If we compare from November 2008 to November 2009, you will find some interesting changes:

1). The home inventory has gone down from last year’s 68 to this year`s 53.  The numbers of sold homes has gone up from last year`s  15 to 22 this year.

2.) The average Mountain View home sales price is lower. In November 2009 sales price is $994,099 vs last November’s  $1,021,764 The median sales of  November 2009 is $913,340 which is a drop from last November’s $960,000.

3.) Last November took average 48 days to sell a home however this year will need 43 days to sell a home.

This real estate trend is the same as last month. In the November of 2009 there are 22% less home inventory and 46.7% more the Mountain View homes get sold.  The average Mountain View sales price droped 2.7% and the Mountain View median price homes dropped 4.9% from last November to this November.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling home in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because myteam and I will make the transaction as pleasant and as stress free as such transactions can be. You can start it by emailing me GraceKeng1@gmail.com

Cupertino city is a smaller city about 50,500 population in Santa Clara County, California, U.S., directly west of San Jose on the west side of the

 Santa Clara Valley or Silicon Valley. We experienced a robust real estate market past November, 2009. Let us compare from November 2008 to November 2009:

1) The average Cupertinohomes sales price is much higher  this year  The November’s sales

price is $1,233,798 vs last November`s $943,142. The median sales of

November 2009 is $1,208,400 from last November`s $940,000.

3.) Last November DOM (days on Market) is 69 days vs 66 days last year.

 1). Home inventory droped from last year’s 75 to 62 this year.  The numbers of sold homes has gone up this year to 28 from last year’s 7.

This real estate trend is the same as last month. In November of 2009

there were17% less homes for sale  and 300% more Cupertino homes

were sold. The average Cupertino sales price increased  30.8% and the

Cupertino median price homes has increased 28.5% from last November to this November.

The above data information came from the www.reil.com.

The median price for Sunnyvale  Single Family homes rose about 23% this year from November 2008 vs. November 2009. 

The real estate is heated up even the weather is cooling off now.

Yesterday I showed a REO home there are 5 groups with their realtors to check it out.
If you like to see from the San Jose Mercury News regarding the market you can click this link. http://bit.ly/R6AYz This Sept 2009 shows 17% gain of from last year to this.There are mutiple offers and all cash buyers to purchase the homes especially under $500K.
I think all the buyers finally woke up and find out they have to compete with the all cash buyers for a San Jose only 3 years new for $400K and about 2000 sf. Those KB homes were sold in between $650K to 700K.

In Santa Clara and San Mateo County of California we are experience a very strong buyers market espcially at lower end like under $500,000 single famil homes. If we look at both counties real estate data as end of June 2009 for the half year inventory, we can find the the Single Family homes under $1M  median list price has gained from  $600K to $630K at Sept 1, 2009.

The left graph shows the median price of Santa Clara county value from July 2008 to July 2009.

Sunnyvale property values increased much better than most other cities in the Santa Clara County, according to the annual tax roll released by the office of Santa Clara County assessor, Larry Stone on July 1, 2009.  Sunnyvale saw a 4.75 % gain in assessed property values. Only Mountain View saw a higher gain as 6.22% than Sunnyvale.

Each year the county appraisers reassess the value of residential and commercial property. According the deputy to the assessor, David Ginsborg  the Sunnyvale property values grew significantly in the form of redevelopment, and the Sunnyvale town Center project,

Ginsborg said:” Assessment values are typically affected by changes in ownership, new construction and property tax reductions when market values fall below assessed values.”

This year a significant number of changes in ownership are home in foreclosures and distressed sales. Sunnyvale remained steady because it has older and more established communities. On the other hands, the communities with newly constructed, entry-level homes such as Gilroy, were hit hardest. Ginsborg said, Gilroy had a 9.48% drop which is the most in the county.If you want to read more, you can find it at Sunnyvale sun.

The assessed values has steadily declining for last three years. In 2008, the number of foreclosures in Santa Clara county has gone up fourfold to 6200. Although property assessment is dropping in Santa Clara County, the minor growth in cities like Sunnyvale is significant relative to the rest of California.

Mountain View Real Estate Market
 
What is the current Mountain View Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 63 to this year 73.  The numbers of sold homes increased from 22 last year to 25 this year.

2.) The average Mountain View homes sales price is lower. This June sales price is $924,721 vs last June’s $1,080,348. The median sales of June 2009 is $842,000 which is dropped from last June’s $951,000.

3.) Last June took average 22 days to sell a home however this year will need 25 days to sell a home.

This real estate trend is the same as last month. In June of 2009 there are 15.87% more home inventory and 12% more  inventory in  the Mountain View market.  The average Mountain View sales price dropped 14.40% and the Mountain View median price homes dropped 11.46% from last June to this June.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me for offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

How is the current Los Altos Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 64 to this year 109.  The numbers of sold homes rose from last year 33 to 40 this year.

2.) The average Los Altos home sold price is lower.  This June sales price is $1,637.200 vs last June’s ’ $1,921,306 The median sales of June 2009 is $1,483,000 which is a drop from last June’s $1,640,000.

3.) Last June took average 20 days to sell a home however this year will need 50 days to sell a home.

This real estate trend is the same as last month. In the June of 2009 there are 70% more homes in inventory and 20 more the Los Altos homes get sold.  The average Los Altos sales price dropped 14.79% and the Los Altos median price homes dropped 9.57% from last June to this June.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me for a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com