Tag Archives: May 2011 Real Estate Update

Real Estate Update for Santa Clara County June 2011!


Good afternoon everyone and welcome to Raymond’s Real Estate Update for Santa Clara County and San Jose Real Estate June 2011!  The results are in and the top 2 areas for median price appreciation from April 2011 to May 2011 is the City of Mountain View 14.3% and Almaden Valley in San Jose at 12.2%.  As always you will also note that I stay with facts by only showing actual numbers.  Should you want detail information for a certain zip code as I have done for a few neighborhoods below feel free to email me and if I have numbers for that particular area I will supply them. 

Back to Santa Clara County!  The County started at $525,000 median price on Jan. 1, 2011 and now has risen to $605,000 as of June 1st.  That is a 12.9%↑ appreciation from the beginning of the year and a 4% increase just from April to May 31, 2011.  The amount of homes that went into pending status for May over April was a whopping 21.2%↑ jump.  Keep in mind this is not the norm as you may be thinking since last year at this time it actually decreased by 21.6%.    

As far as the inventory, it has only climbed 1%↑ or 27 single family homes to 2632 total for Santa Clara County from April to May 31st as a whole.   This is another positive sign on where the Real Estate Market for the County and San Jose area are going.   

The absorption rate based on pending sales sits at 54.6%, which means 54.6% of the homes that listed in May 2011 went into contract the same month.  

Take a look at some graphs below showing actual numbers for San Jose Real Estate, Almaden Valley Real Estate, Santa Clara Real Estate, Evergreen Real Estate, Campbell Real Estate, and Los Gatos Real Estate.

ALMADEN VALLEY median price 12.2↑ Apr.11-May 11

EVERGREEN mls area median price 14.3↓ Apr.11-May 11

 CAMPBELL mls area median price 5.7%↑ Apr.11-May 11

City of SANTA CLARA median price 8.2%↓ Apr.11-May 11

LOS GATOS-Monte Sereno median price 11.8%Apr.11-May 11

BLOSSOM VALLEY mls area median price 5.3%↑ Apr.11-May 11

Thanks for reading Raymond Chavez Real Estate Blog!  In the mean time don’t forget to visit www.raymondchavez.com to connect with me on LinkedIn or Facebook!

Advertisements

Real Estate Update for Santa Clara County May 2011!


Good afternoon everyone and welcome to Raymond’s Real Estate Update for Santa Clara County and San Jose Real Estate!  You will read how the market is consistently improving like Evergreen MLS area at 39.3% appreciation from March to April this year.  You will also note that I try to stay with facts by only showing actual numbers.  Should you want detail information for a certain zip code as I have done for a few neighborhoods below feel free to email me and if I have numbers for that particular area I will supply them. 

Well, considering we now have had rain 30% of the days this year in San Jose, the median home price still appreciated 11.6%↑ over the last 4 months as of May 1st.  The amount of homes that went into pending status for April over March was only a difference of a 7 home decrease for the whole County.   

As far as the inventory, it has climbed 10%↑ to 2605 as of April 30th still down from a seasonal average of 4000 or even when we were at peak median price for the county $867k which we had 3233 homes available April 2007.   Another reason why home appreciation is still on the rise at a time when many think we haven’t hit the bottom.   

The absorption rate based on pending sales sits at 51.1%, which means 51.1% of the homes that listed in April 2011 went into contract the same month.  Pretty good numbers when you compare to previous years same month like April 2008 when it was only 15.5%. 

Take a look at some graphs below showing actual numbers for San Jose Real Estate, Almaden Valley Real Estate, Santa Clara Real Estate, Evergreen Real Estate, Campbell Real Estate, and Los Gatos Real Estate.

ALMADEN VALLEY median price 2.4Mar.11-Apr.11

EVERGREEN mls area median price 39.3↑ Mar.11-Apr.11

 CAMPBELL mls area median price 3.1%↓ Mar.11-Apr.11

City of SANTA CLARA median price 3.3%↑ Mar.11-Apr.11

LOS GATOS-Monte Sereno median price 12.8%↑Mar.11-Apr.11

BLOSSOM VALLEY mls area median price 1.7%↓ Mar.11-Apr.11

Thanks for reading Raymond Chavez Real Estate Blog!  In the mean time don’t forget to visit www.raymondchavez.com to connect with me on LinkedIn or Facebook!