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The statistics are in for the residential real estate sales in April 2010 across Santa Clara County and things continue to look up; once again there are more pending sales than homes available on the market – this is a sign that buyers are purchasing homes at a good clip relative to the rate at which new listings are coming on the market.  This is a great indicator or baromoter of the strength of the Santa Clara County real estate market.  Here are the county numbers for houses (and duet homes):

 

Trends At a Glance Apr 2010 Previous Month Year-over Year
Median Price $632,450 $600,000 (+5.4%) $470,000 (+34.6%)
Average Price $785,948 $741,029 (+6.1%) $598,559 (+31.3%)
No. of Sales 896 861 (+4.1%) 909 (-1.4%)
Pending Properties 2,519 2,303 (+9.4%) 1,377 (+82.9%)
Active 2,416 2,257 (+7.0%) 3,550 (-31.9%)
Sale vs. List Price 101.0% 100.8% (+0.2%) 98.4% (+2.6%)
Days on Market 43 47 (-8.7%) 61 (-29.2%)

 

For condominiums and townhouses, the trend is also quite strong:

 

Trends At a Glance Apr 2010 Previous Month Year-over Year
Median Price $345,000 $375,000 (-8.0%) $280,000 (+23.2%)
Average Price $378,978 $401,524 (-5.6%) $331,645 (+14.3%)
No. of Sales 297 321 (-7.5%) 261 (+13.8%)
Pending Properties 1,154 985 (+17.2%) 475 (+142.9%)
Active 873 909 (-4.0%) 1,212 (-28.0%)
Sale vs. List Price 100.6% 100.6% (0.0%) 97.1% (+3.7%)
Days on Market 59 49 (+21.2%) 69 (-15.2%)

 

Whether you’re interested in the  real estate market for San Jose, Los Gatos, Almaden Valley, Cambrian Park or any other part of Silicon Valley, we have you covered with the Santa Clara County Real Estate Report.

 

 

 

Author

  • Silicon Valley Realtor, selling homes in Los Gatos, Saratoga, San Jose, Silicon Valley, and nearby since 1993. Prolific blogger with a network of sites.