I am pleased to present my monthly Santa Clara County Market Trends Report for August 2013. The table below provides a snapshot of the key market indicators and how they have changed since last month and last year. Color Slides of this material are available at: https://facebook/SanJoseRealEstatebyJGC Average and median sale prices in the county continued to show significant gains over last year, with the average price of Single Family Homes topping the $1 million mark for the fifth consecutive month. Inventory was down a bit, with roughly half of the listings boasting a pending sale. Homes are continuing to sell at a relatively brisk pace, with SFR’s on the market for an average of just over three weeks before accepting an offer and C/TH’s selling in less than three weeks. Single Family Homes - August 2013 Closed Sales: 1,053; down 4% from last month; down 1% from last year Active Listings: 1,366; down 8% from last month; up 19% from last year Pending Sales: 1,341; down 9% from last month; down 34% from last year Total Inventory: 2,707; down 9% from last month; down 15% from last year Median Price: $808,000; down 4% from last month; up 21% from last year Average Price: $1,014,290; down 4% from last month; up 18% from last year Days to Sale: 24; down 8% from last month; down 37% from last year Days of Inventory: 77; down 5% from last month; down 14% from last year Condo/Townhomes - August 2013 Closed Sales: 500; up 10% from last month; up 33% from last year Active Listings: 520; up 1% from last month; up 129% from last year Pending Sales: 549; down 14% from last month; down 38% from last year Total Inventory: 1,069; down 7% from last month; down 4% from last year Median Price: $492,750; up 0% from last month; up 17% from last year Average Price: $527,593; up 1% from last month; up 12% from last year Days to Sale: 20; up 5% from last month; down 47% from last year Days of Inventory: 64; down 16% from last month; down 28% from last year I welcome your comments or questions about my Market Trends Report, and I am available seven days a week to help you buy or sell your next home or simply answer your questions about real estate.
Posted on: Sun, 29 Sep 2013 22:13:20 +0000