The numbers have been crunched for December and for all of 2007 and it's not a lot different than what we expected.
Overall, sales are WAY down. And overall, prices are UP.
How does that work?
In a nutshell, only the best homes are selling - homes that are in ideal locations (no busy roads, no high voltage power lines, you get the idea), nicely updated and priced aggressively. Homes that aren't all of these things go on the market, get a little attention, and then proceed to NOT sell.
You can read a very detailed report, complete with charts and graphs, for San Jose and its districts (Almaden Valley, Cambrian Park, Willow Glen, West San Jose, Blossom Valley, etc.) as well as the cities and towns that make up Santa Clara County (Los Gatos/Monte Sereno, Saratoga, Cupertino, Campbell, Santa Clara, Sunnyvale, etc.) by visiting my online Real Estate Report. Want more? I've also got an 18 page pdf with oodles of info and commentary! Have a look: http://rereport.com/scc/print/MaryPopeHandySCCannual.pdf
It's really not a bad time to sell or to buy. Buyers need to understand that sellers aren't giving away their homes, and that interest rates are favorable. This is as good as it gets. What are you waiting for??? Sellers need to understand that while prices are rising, most homes are not selling, so they still need to be ultra-realistic about their home's condition and pricing.
Please call me if you'd like to chat. I do offer a free one hour consultation to prospective clients.
Best regards,
Mary
Mary Pope-Handy, Realtor, CRS, ABR, e-PRO, SRES, ASP, RECS, CNHS, ACRE
Helping Nice Folks to Buy & Sell Homes Since 1993
Co-Author: "Get The Best Deal When Selling Your Home In Silicon Valley"
Keller Williams, Cupertino, CA (Silicon Valley)
877 397-5391 (Direct/Toll-Free/Fax); 408 204-7673 (Cell)
www.PopeHandy.com www.ValleyOfHeartsDelight.com
emailto: Mary@PopeHandy.com
Blog: www.LiveInLosGatos.com
Report: How To Buy The MOST Home for the Money
How to Attract More Buyers With Seller Financing
RELOCATION KIT
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