by Richard Hebert Jr. 408-583-3789 Realtor® Keller Williams Realty Silicon Valley www.innexussis.com.
Current Market Activity
Properly priced houses sell within a week. Buyer demand has not slowed. Interest rates threaten to rise. Standing inventory of houses for sale remains weak. Pruneyard Dry Creek has a disproportionate share of active listings in the first week of June, slightly lower than in May.
8/5/9: active/pending/sold listings. Price per square foot is not a good measure of sales, even though $500/sf looks good for sellers. Broader Silicon Valley market shows recent listings keeping pace with sales, and price decreases on the rise as sellers rethink value propositions with their listing agents.
Total active listings in Silicon Valley: April2013- 1353; May2013- 1470
Average Days On Market: April2013- 25; May2013- 25
Sales Price to List Price Ratio: April2013- 106.4; May2013- 106.4
Closed Sales: May2012- 1771; April2013- 1418; May2013- 1515
Median Sales Price: May2012- 590k; April2013- 707k; May 2013- 720k
Months of Inventory: April2013- 0.95 mos; May2013- 0.97 mos.
The Neighborhood Map
Pruneyard Dry Creek Listings For Past Sixty Days
Broader Silicon Valley Market Snapshot (0-7 Days)
