“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home Silicon Valley Market Report

Silicon Valley Market Report

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot August 28, 2011
Average List Price Median List Price Average Days On Market
Santa Clara County, CA
Single Family under $1M $591,660 $584,000 72
Single Family over $1M $2,302,182 $1,658,800 83
Condo/Townhome under $600K $345,620 $340,000 80
Condo/Townhome over $600K $750,850 $699,995 66
San Mateo County, CA
Single Family under $1M $609,432 $575,000 75
Single Family over $1M $2,790,438 $1,659,000 85
Condo/Townhome under $600K $372,051 $359,000 88
Condo/Townhome over $600K $786,863 $738,000 82
Santa Cruz County, CA
Single Family under $1M $556,118 $550,000 84
Single Family over $1M $1,976,729 $1,695,000 113
Condo/Townhome under $600K $357,774 $339,900 121
Condo/Townhome over $600K $799,647 $750,000 117
Monterey County, CA
Single Family under $1M $458,950 $389,000 88
Single Family over $1M $3,208,752 $2,295,000 121
Condo/Townhome under $600K $317,087 $299,900 98
Condo/Townhome over $600K $1,106,630 $895,000 88
San Benito County, CA
Single Family under $1M $364,428 $325,000 95
Single Family over $1M N/A** N/A** N/A**
Condo/Townhome under $300K N/A** N/A** N/A**
Condo/Townhome over $300K N/A** N/A** N/A**
Alameda County, CA
Single Family under $1M $439,042 $399,900 78
Single Family over $1M $1,777,377 $1,495,000 89
Condo/Townhome under $600K $273,721 $249,900 89
Condo/Townhome over $600K $741,988 $693,888 67
Contra Costa County, CA
Single Family under $1M $385,303 $311,900 76
Single Family over $1M $1,908,939 $1,495,000 123
Condo/Townhome under $600K $223,416 $175,000 88
Condo/Townhome over $600K $747,859 $695,000 59

What I find so interesting about this is that the days on market for single family homes and condos is very similar. This was not the case a few years ago. I think this is because the job market in the Silicon Valley is on fire. However, many of the high tech jobs are being filled by very young workers. Recent college grads are being hired at Facebook, Linkedin, google, and many other very new startups. The home buying demographic is very young, and these younger buyers are very happy buying condos and townhomes.
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.



With very best regards,
Marcy Moyer
Keller Williams
Direct (650) 619-9285
Cell Phone (650) 619-9285
Fax (650) 560-6290
marcy@marcymoyer.com

www.marcymoyer.com
CA DRE License Number: 01191194
Posted Friday Sep 02