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Santa Clara County - Jan 2009 - Real Estate Market Analysis

By
Real Estate Broker/Owner with Whitelaw & Sons Real Estate Services DRE# 00984909

 

sccWe continue to see a market that is deteriorating, but at least the rate that it is deteriorating is slowing.  We originally saw some signs of recovery back  in the summer months, but the meltdown of October really reset everything back into decline.

Even the good news in sales is clouded by the fact that the increase is due mostly to foreclosure and short sale homes that made up about 70% of the homes that sold in January 2009.



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