If you live in our Almaden neighborhood, keep yourself updated on the rash or recent robberies through
the following links:
If you are a first time home buyer, or know someone who is now looking,
because mortgage approvals, residential inspections, and other steps in
the purchasing process typically take about two months, buyers hoping to
take advantage of of the $8,000 tax credit, will need to be in contracty
by the end of September.
There are some who are speculating that the bank and/or government
are holding onto properties and gradually putting them on the market
so as not to flood the market and cause a huge drop in home values.
After all, California currently has the highest number of NODs
(Notice of Default) in the nation, so where are they?
Others are of the mind that 'they'are in no way, shape, or form
that organized, and that the banks are just holding out in the hopes
that they will receive more bail out money. Either way, who taught
who how to run a business? Bizarre....
How many times have you driven by that mess on Blossom Hill and said, "Oh yeah!
Wasn't that supposed to have opened this year?'
Well, you'll have to look at it for another year, as it is not slated to be finished this
time until the fall of 2010. So we'll all continue to drive to Los Gatos to spoil ourselves.
For the month of July, there were 227 homes for sale, and almost 25% of homes sold in Willow Glen.
The average sales price was $715,000, and average days on market was 63.
| July 2009 |
| City/Area |
| Willow Glen (10) |
| New Listings | Current Inventory | Closed Sales |
| 80 | 227 | 55 |
| Average DOM | Average Sales Price | Median Sales Price |
| 63 | 715,159 | 700,000 |
Bay Area Native, Seniors Real Estate Specialist and Affordable Homes Consultant located in the South Bay.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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