Sales in our Los Gatos offices are up sharpely and open houses have been swamped with now "serious" buyers! Last week I held my Cupertino area listing open and had 200 people come through both Saturday and Sunday. The home sold far over the asking price "as-is" with multiple offers! I have heard similiar stories and my favorites are those where the house has been on the market for MONTHS and then gets two offers in at once.
In fact, Data Quick's information Systems reported that "Homes Sales have increased on a year-over-year basis the last 10 months" and that the "median price price paid for all new and resale houses and condos sold in the nine-county Bay Area was $352,000 last month, up 3.1 percent from $341,500 in May and down 27.4 percent from $485,000 in June 2008. It was the highest since $375,000 last October."
Sounds like maybe we're rounding the corner?
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