Class One: Single Family Homes
Generally the rule of thumb is it's a Sellers Market if more than 25% of the Inventory is in Escrow and a Buyers Market if 25% or less of the inventory is in Escrow.
Overall percentage of homes in escrow for areas 1 to 23 combined (class one only) is 20.4%. Here are the percentages for some of the other areas of SFR homes in escrow...
Area 1 (South County): 13.0%
Area 2 (Santa Teresa): 15.9
Area 3 (Evergreen): 18.5
Area 4 (East Valley): 11.2
Area 5 (North Valley): 24.4
Area 6 (Milpitas): 21.6%
Area 8 (Santa Clara): 35.1
Area 9 (Downtown): 14.2
Area 10 (Willow Glen): 31.8
Area 11 (South San Jose): 8.5
Area 12 (Blossom Valley): 20.1%
Area 13 (Almaden): 27.8
Area 14 (Cambrian): 27.0
Area 15 (Campbell): 30.1
Area 16 (Los Gatos): 28.2
Area 17 (Saratoga): 22.1%
Area 18 (Cupertino): 47.6
Area 19 (Sunnyvale): 39.2
Area 23 (Los Gatos Mtns.):15.3
INVENTORY CHANGE
FOR THE THIRD QUARTER OF 2007
(AREAS 1 through 23, that is: Gilroy through Sunnyvale)
Class 1 Properties or SFR
Date | Active | Percent Change from Previous Week | Pending | Percent Change from Previous Week |
7/1/07 | 3850 |
| 1010 |
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7/7/07 | 3860 | Up 0.3% | 1033 | Up 2.3% |
7/14/07 | 3947 | Up 2.3% | 1013 | Down 1.9% |
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Overall Change from 7/1/07 to 7/14/07:
| Active: | Up 2.5% | Pending: | Up 0.3% |
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Class 2 Properties or Townhomes and/or Condos:
Date | Active | Percent Change from Previous Week | Pending | Percent Change from Previous Week |
7/1/07 | 1361 |
| 420 |
|
7/7/07 | 1341 | Down 1.5% | 399 | Down 5.0% |
7/14/07 | 1383 | Up 3.1% | 392 | Down 1.8% |
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Overall Change from 7/1/07 to 7/14/07:
| Active: | Up 1.6% | Pending: | Down 6.7% |
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