Market Update


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ImprovingMarkets

ITS PANDEMONIUM_IRES

Let’s reflect on the performance of the local Silicon Valley housing market for both January and February. Below you will find the statistics for the cities of Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Santa Clara, Saratoga, and Sunnyvale for each of these months, comparing the average sales price and number of closed sales of single family homes for each of these communities. Overall, what I have personally seen is plenty of eager buyers competing over a very low inventory, particular in areas like Los Altos and Palo Alto–which makes for a very hot market with multiple offer situations all around!

Here are the January stats:

Silicon Valley real estate statistics for January 2012. Information contained in this graphic is deemed reliable but not guaranteed.

And here are the February stats:

Silicon Valley real estate statistics for February 2012. Information contained in this graphic is deemed reliable but not guaranteed.

As always, if you would like an update on the market for an area not listed above or a detailed market analysis for your home, get in touch with me.

Well, December (and 2011 as a whole) has come to close and we are already heading into the second month of 2012 in just one more day. 2012 has proven to be quite a busy year thus far–in spite of low inventory across the board, I’ve got plenty of eager buyers. But before we move any further into the new year, I thought it would be best to take a look at the local real estate statistics for last month (December 2o11) and for the year overall.

As you can see in the graph below, I’ve compiled the data on the median sale price and number of closed sales for single family homes in the communities of Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Santa Clara, Saratoga, and Sunnyvale for December 2011.

Silicon Valley real estate statistics for December 2011. Information contained in this graphic is deemed reliable but not guaranteed.

In terms of looking at how we fared in all of 2011, I have compiled the average sales and closed sales volume for both single family homes and townhomes/condominiums in Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Santa Clara, Saratoga, and Sunnyvale. For reference, I have also included the equivalent data from 2010.

A comparison of the average sales price and close sales volume (in dollars) in 2010 and 2011 for select Silicon Valley cities. Information contained in this graphic is deemed reliable but not guaranteed.

As always, if you would like an update on the market for an area not listed above or a detailed market analysis for your home, get in touch with me.

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