Friday, January 31, 2014
Monday, September 9, 2013
MLS Listings August 2013 Market Data Report
by Richard Hebert Jr., September 9, 2013, KW Realtor®, www.innexussis.com.
Please click the image above to view a larger version.
MLSListings August 2013 Market Data Report
9/9/2013 9:35:21 PM
9/9/2013 9:35:21 PM
MLSListings Market Indicators Report: August 2013
(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)
August Real Estate & Housing Update: Ups & Downs Signal A Reversal of Fortune in the Silicon Valley Housing Market
We have seen a reverse cycle in the Silicon Valley since January.
Multiple offers on properties aren’t as common as they were only a few
months ago. While inventory in single family homes has stabilized over
the summer months we have seen a moderate incline in median home prices.
This may be a factor of moving out of the prime selling season, and the
rise in interest rates, however inventory remains pretty thin in all
the counties, so this could also be affecting the strength of sales. The
high point of the summer housing market really was in
condos/townhouses.
Quite the opposite has been detailed in the condo/townhouse market
since January 2013. Sales in August were very strong, up 59% from
January 2013, and inventory is also increasing. This may, once again, be
the “new entry market” now that the single family prices are beyond the
entry level buyer. Data for month-over-month comparisons can be found
on www.mlslistings.com
Please click the image above to view a larger version.
August single family sales are starting to show some weakness
compared to August of last year and also to July of this year. Compared
to July, August sales dropped 10% in San Mateo County, 6% in Monterey
County, and 4% in San Benito, Santa Clara and Santa Cruz Counties.
Compared to last year, sales are down 1% in San Mateo County, down 3% in
both Santa Clara and Santa Cruz Counties, down 4% in San Benito
Counties and down 15% in Monterey County. Overall, sales in all counties
were positive to the year prior, but dropped to negative levels from
July 2013 to August 2013.
Please click the image above to view a larger version.
Note:
MLSListings data is tabulated from the 3rd of the month to the 3rd of
the following month, primarily to account for late corrections and
additions by agents; these updates are often not included in most market
reports. MLSListings’ Market Data report reflects the most current
information on the day the reports are generated.
September 2013 Real Estate Market Update
by Richard Hebert Jr., September 9, 2013, KW Realtor®, www.innexussis.com.
Supply remains very thin, buyer demand remains very high, 30-year fixed mortgage rates remain significantly below 5% apr, and prices continue to reflate; though still about 20% below Silicon Valley's RE market peak in April 2006.
Supply remains very thin, buyer demand remains very high, 30-year fixed mortgage rates remain significantly below 5% apr, and prices continue to reflate; though still about 20% below Silicon Valley's RE market peak in April 2006.
Thursday, August 22, 2013
Get your FREE Silicon Valley Home Search App Here!
by Richard Hebert Jr., August 22, 2013, KW Realtor®, www.innexussis.com.
Your free, GPS-enabled, Silicon Valley Home Search App provides real time access to active MLS real estate listings and to open houses in Silicon Valley and surrounding areas, as well as CA Central Coast communities.
Enter my Mobile App Code to receive FREE UNLIMITED searches!
Your free, GPS-enabled, Silicon Valley Home Search App provides real time access to active MLS real estate listings and to open houses in Silicon Valley and surrounding areas, as well as CA Central Coast communities.
Get your FREE Mobile App!
This
user-friendly, robust app makes finding a home to buy a snap. You have
access to all homes in the MLS database. Save searches and listings
based on your dream home criteria. Plus, I'm just a click away to
provide more information or schedule a walk-through.
Go here to download your FREE Mobile App!
Go here to download your FREE Mobile App!
Enter my Mobile App Code to receive FREE UNLIMITED searches!
KW10QHX5E
Some features of the Mobile App are:
- The ability to search for homes by drawing on an interactive map.
- Location-based display of homes in a given area that match your price range.
- Swipeable photo galleries of photos.
- The ability to save searches and make notes on properties.
- GPS-based Mobile Search for Open Houses and MLS Listings.
Tuesday, July 2, 2013
Real Estate Market Activity For Santa Clara County May 2013
Real estate values are near 2006-7 peak level, though strong owner equity has replaced the fast and loose transaction activity of the bubble years. Pruneyard Dry Creek can expect strong market valuations to continue while historically low interest rates (sub 6%) compel buyers to invest with confidence.
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