los altos: Active Listings Vs Pending Sales in Various Price Ranges in San Mateo County
- 06/20/11 01:20 AM
It is apparent that below $400000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 138 total listings only 22 were listed as sales thus we have now a supply of 6 months which is not as bad as in Santa Clara for the high priced market where we have a 13 month supply of homes above 3 Million.The reason for this is that financing is not as easy to get as banks are very gun shy.Already burnt badly , they do not want to take (0 comments)
los altos: Number of Current Listings VS Pending Sales in Santa Clara County
- 06/20/11 01:06 AM
It is apparent that below $500000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 70 total listings only 5 were listed as sales thus we have now a supply of 13 months which is an ominous sign for the luxury market as it has become a buyer's market. (0 comments)