An overview of Santa Clara's Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The homes inventory rose to 143 this year from last year's 128.The sold homes are grow from 12 last April to 11 this year.
2.) The average price ofSanta Clara homes this year has lowered to $382,727 from last years' $602,897. The median price on Santa Clara homes has dropped from $661,500 to $360,000.
3.) It takes average 115 days to sell aSanta Clara home, but last April was 46 days.
With all the numbers that show this month we have almost 10% more homes at theSanta Clara for sale and about 10% less homes actually sold. The average and median price for Santa Clara homes both dropped about 40% from last April to this April. The price dropped due to a lot of lower end homes as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com If you are planning to buy or sell homes, I offer a free consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com