Santa Clara County
Median Sold Price by Month

More trend charts available under "Community" tab.

Santa Clara County
For Sale Properties by Month

Santa Clara County
Number of New Properties by Month

The charts show the real estate market trend for Santa Clara County single family homes for the past 2 years ending Feb 2010. Here are the highlights:

• The median sold price of homes has stablized over the last few months.
• The number of homes available for sale continues to be at an all time low.
• The number of homes coming on the market each month has been decreasing, possibly now stable.
• Buying demand continues to be strong while homes are coming on the market at a steady pace.

What to watch for in the coming months:

• Federal home buyer tax credit expiring soon: Buyers must be under contract on their home by the end of April and close by the end of June.
• California has just announced extension of its $10,000 tax credit for home purchases April through December 2010.
• For the buyers that do not qualify for the California tax credit, they may feel less urgency and take their time to shop for a home. However, there are still many buyers buying their primary residence who do not qualify for the tax credits and also many investors buying rental properties.
• Mortgage interest rate expected to rise. The government has announced it will stop buying down the interest rate at the end of March. Without the government aid, interest rates are expected to rise. But how much will they rise is unknown as it is determined by the mortgage market. A higher interest rate will deter buyers who will not be able to qualify for a larger loan amount / higher priced home.

Multiple offers are still common for homes that are priced aggressively and marketed well.

Recent homes listed and sold with Judy Wang Realtors:

1647 Garvey Pl, San Jose 95131: Listed $728k. Received several offers over asking price after 2 weeks. Currently pending.

1497 Oyama Dr, San Jose 95131: Listed $650k. Received several offers over asking price after 1 week. Currently pending.

1228 Madruga Way, Milpitas: Listed $685k. Sold for $685k to all cash buyer. Closed in about 1.5 weeks.

5642 Le Fevre, Cambrian, San Jose: Listed $695k. Received several offers after 1 week. Sold $735k .

Now is still a great time to sell! Each local area has its own market conditions. Contact your Judy Wang Realtors' agent if you would like a comparative market analysis of your home. We will be happy to discuss our services with you and how we can market your home to sell for top dollar.