Silicon Valley Market Shows Sharp Year- Over-Year Median Price Increase
Merry Christmas
YEAR-OVER-YEAR we are seeing that both single family and condo / townhome markets are showing large swings in closed sales and median price .
Single family home closed sales are down in Monterey and Santa Clara counties a small 2 % and 3 % respectively . While San Benito is up 6 %, San Mateo is up 13 % and Santa Cruz increased by 15 %. Median prices for single family homes are up in all counties with the exception of San Benito with a small 1 % drop . Monterey is up 6 %, San Mateo is up with the highest jump of 18 %, Santa Clara has a modest jump at 9 % and Santa Cruz saw a 5 % increase over Sept . 2013 .
The condo / townhome market is also going strong where median prices are up across all reported counties . Median price is up a modest 1 % and 4 % in Monterey and Santa Cruz respectively , while San Benito showed the largest swing at 41 % followed by San Mateo at 19 % and Santa Clara at 12 % increases .
YEAR-OVER-YEAR we have seen that almost all reported counties have seen an increase in median home prices . Single family residential median home prices are up as much as 18 % in San Mateo . Only San Benito showed a decrease in median home price , a mere 1 % drop .
May 2014 thru July 2014 August 2014 thru October 2014
Marta is the recipient of top honors at the Intero Real Estate Services Annual Achievement Awards : Top Producing Agent for 2013 Gilroy Intero Office — putting her in the top 5 % of all Intero Real Estate Services nationwide .
Total Listings |
66 |
59 |
Short Sale |
2 |
2 |
Bank Owned |
0 |
1 |
Average List Price |
$ 943K |
$ 874K |
Average days on market |
61 |
57 |
Closed Sales |
142 |
131 |
Short Sale |
10 |
5 |
Bank Owned |
2 |
0 |
Average Sales Price |
$ 651K |
$ 655K |
Average List Price |
$ 656K |
$ 663K |
Average Days on Market |
36 |
49 |
W I N T E R 2 0 1 4 G I L R O Y T O D A Y 7