DECEMBER 2013 going into January 2014

Stats as of December 18, 2013. Compiled of both Condos and Single Family Homes.

• 31 Homes for Sale
• 27 Homes Pending
• 01 Closed Sale (actual sale)
• 02 Withdrew or Removed home for Sale
• 03 Expired Listings Removed
• 01 Cancelled Listing

By comparing the homes that are currently active against the homes that are pending we can asses that the average home has a 45% chance of selling at one percent above list price within 40 days or less when being offered for sale in todays local real estate market.

This is why it's important to hire a local professional like myself Alex Tafoya, that knows his local market, numbers, stats and trends. We have a great marketing solution to help sell your home and make it one of the top homes that will sell.

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The Average Sale Price for the average home in Milpitas CA is close to $600,000 for December and will probably continue to hold or slightly climb within the next 90 days

Average Days on the Market

Most homes listed for sale, when priced within fair market value are getting their list price or better, currently averaging 1% above list price. The number of days it's taking a home to sell is at an average of 40 days or less when. As we go into the next year 2014 there is still demand for homes and so I expect the days it takes to sell a home in Milpitas CA should hold at an average of 45 days for the next ninety days according to the stats and current demand for homes in Milpitas. See all homes for Sale in Milpitas CA 95035

Homes for Sale vs Sold homes

This is still a good time to sell. As it was mentioned in the beginning of the post, 45% of homes are selling when properly listed for sale in todays market within 40 days and at 1% higher than asking price.  

Notable Sales for December

Only one home has currently sold since Dec. 1, 2013. This home was a previous foreclosure that was bought in August was quickly put back for sale as a regular sale by the investor. Home was in good condition and there were only minor cosmetic improvements done to the home.