July 2006
Average Days On Market is much longer compare to last year number about 25% increased for both Condo and single family home.
This month (August) I have seen a lot of price reduction on property more so than the last three months. Sellers are finally accepting the fact that we are headed toward buyer market. However, there are still good location such as good school district those area still are in high demand. One big surprise single family and condo in Santa Clara still appreciate in value. Of course not as much compare last few years were we see an increased of between 10-18% (annual). I will continue to provide next month and we will see how the number play out.
Stay tune.
Comments(0)