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Saratoga Homes - Market Report November 2011

By
Real Estate Broker/Owner with KD Realty - 408.972.1822 CA DRE#01366594

Saratoga Homes Market Report

Week ending October 29, 2011 compared to October 30, 2010

There were 116 Saratoga homes, including short sales and bank owned homes in the week ending October 29, 2011.

There were 121 Saratoga homes, including short sales and bank owned homes in week ending October 30, 2010.

Of the 116 Saratoga homes there were 5 short sales, 1 bank owned homes and 110 traditional Saratoga homes for sale.

Prices and Sales

The above graph shows the median price, the average price and the number of properties sold. Prices are represented by the bars. Sales are represented by the line. A 3-month moving average is used to smooth out month-to-month fluctuation. The 3-month moving average will show seasonal variations.

Saratoga Homes Market Snapshot October 2011

  • Median Price: $1,376,250 = 11.1% decrease from September 2011 ($1,547,500)
  • Average Price: $1,430,280 = 49.6% decrease from September 2011 ($1,581,640)
  • No. of Sales: 16 = 20.0% decrease from September 2011 (20 sales)
  • Sale vs. List Price: 97.2% = 2.0% decrease from September 2011 (98.9%)
  • Days on Market: 61 = 5.3% increase from September 2011 (57 days)

If you are looking to sell a Saratoga home then give me a call to discuss your specific goals and needs. Let me show you how my marketing plan gets homes sold fast.

If you are buying a Saratoga home then let me share how my offer strategy will get your offer accepted, even in a multiple offer situation.

If you are facing financial difficulty and don’t know what to do, then call 800-972-1822 for a free, no obligation consultation.

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I specialize in probate real estate.
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“From the moment we met Kathleen, we were impressed with her professionalism, knowledge, patience, respect, humor, attention to detail, and compassion.  She's the Whole Package ~ excellent agent and wonderful human being!  In a potentially stressful experience, we have felt in good hands all along.  We are so grateful and recommend her without hesitation!”

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Comments (7)

Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

This is very informative. It appears that your market is similar to Phoenix; homes are taking longer to sell and prices are still decreasing.

Nov 06, 2011 03:13 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Kathleen - Good market report.  It looks like prices are softer, and things are slowing down.  Great information to have.

Nov 06, 2011 04:54 PM
Rob Spinosa
US Bank - Larkspur, CA
Mortgage Loan Originator, Marin County

It will be very interesting to see how the decreases in the jumbo conforming loan limits play into the equation in the coming months.  So many have gotten used to trying to make sense of the month-to-month with a logic that forgets to include some of the major factors that are introduced at any time.  While the averages here are above what was the j/c limits --- or the financing used to obtain homes in that range ---- no doubt that provided an underpinning for the values here.  We'll see.  And if we're lucky, the House will get its act together and reinstate the higher limits.

Great post....thanks.

Nov 07, 2011 01:50 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Leolinda,  Some areas of the local market change considerably month over month.  The higher end markets, such as Saratoga, are seeing prices decline.  Thanks for stopping by.

Laura,  That certainly is the case in the Saratoga market.  It will be interesting to see what it does this month.  Thanks for your comment.

 

Nov 07, 2011 02:06 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Rob, The higher end markets are seeing a steady increase in short sales.  We have some communities that I refer to as the “house of cards” that will soon fall once Bank of America takes action on defaulted loans. I hope the House gets it together and brings back the higher limit as well.  Thanks for your comment.

 

 

 

Nov 07, 2011 02:13 AM
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Another wonderful post from Kathleen Daniels.  If you are looking for a Realtor in the San Jose area, we suggest you contact Kathleen Daniels!    

Dec 09, 2016 09:37 PM
Eagle Ridge Realty
Eagle Ridge Realty - Gilroy, CA
"Our Performance Will Move You!"

Well written post!  Kathleen Daniels is a dedicated professional.  Highly recommended.   

Dec 10, 2016 09:26 PM