Again this week sales are up and inventory is down! Last week data showed 3542 homes on the market with 2790 pending. This week inventory is down to 3450 and sales are up to 2900!!! Now 9 weeks in a rowthe trend has continued and some areas are selling so quickly, with multiple offers that I began to wonder if prices have started to increase a bit. So I pulled the data for some areas to see what it tells us. I pulled MLSListings statistics for single family homes in Evergreen, Cambrian, Blossom Valley and Santa Teresa since these are the areas that have now for months been on fire. The data is below and a chart can be found here to download. | Median Sales Price | | | | | | | January 2009 | February 2009 | March 2009 | April 2009 | | Blossom Valley (12) | 483,000 | 460,000 | 470,000 | 466,000 | | Cambrian (14) | 505,000 | 515,000 | 550,000 | 520,000 | | Evergreen (3) | 498,500 | 450,000 | 432,000 | 440,000 | | Santa Teresa (2) | 471,500 | 467,500 | 439,995 | 450,000 | It appears that prices have gone up slightly in Evergreen and Santa Teresa when comparing March to April, but all areas are down in median price since January. Cambrian had a little increase in March, which was corrected in April. Blossom Valley has been fairly flat the last 3 months as I would expect with the increased demand in that area. Check out more statistics about the local areas in Santa Clara county by searching by the "market update" category above. |
