Home sales, prices & inventory numbers for Santa Clara County, Silicon Valley, month over month, year over year

1. Santa Clara County
Market Update
July 31, 2012

2. Month to Month June 2012 thru July 2012
Month to Month
CLOSED MEDIAN
INVENTORY
SALES SALE
60% 11% 1%
494 1,021 $695,000

3. Year to Year June 2011 to June 2012
Year to Year
CLOSED MEDIAN
INVENTORY
SALES SALE
2% 14%
1,258 1,181 $ 695,000

4. Thirty Second Update
• The market has is sending complex signals, but
trending slowly upward in price.
• Inventory has dropped sharply since July 2011
causing prices to rise as demand is strong.
• Sales numbers have dropped by 11% from June to
July of this year because of the inventory shortage.
• Median sale price rose only 1% in July.
• Buyers are becoming more selective, but still have
access to low interest money.

5. More Talking Points
• Over all, the average selling price to listing price is
102% and rising steadily since the first of the year.
It gets to 103% at $2 million then falls to 95%.
• Short sales have separated from the broader
market and now have less impact on statistics.
• Foreclosure filings are expected to rise again could
impact the overall market.
• Observers think the housing market has
“bottomed” but will not accelerate much.

6. About Me
Everything you need to know about buying or selling a
home can be found by visiting my website at
HeideWolfReid.com.
As the preeminent real estate professional in my
community, I am dedicated to providing the finest
service available while breaking new ground.
Because the real estate industry is becoming more
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professional that understands the industry and is
Heide Wolf-Reid positioned to stay ahead of the game.
ALTERA REAL ESTATE
1125 Meridian Avenue I go the extra mile to help you achieve your goals.
San Jose, CA 95125
Phone: 408-667-9298 Call or email me today!
Email: realreid@earthlink.net

7. Thank You
For Choosing
Altera Real Estate!