Home sales in Santa Clara County have bounced back, ending the year on an up note! Home sales were up 28.7% in 2009, while the median price dropped 20.2%. The good news? Prices bottomed out in the first quarter and have been rising steadily, albeit slowly, ever since.
To read about the market in particular parts of Santa Clara County (both cities and districts within the city of San Jose), you can read my full on-line report here: http://popehandy.rereport.com.
There is also a 4 page printable version with more insightful articles about the annual market, here: http://rereport.com/scc/print/Mary.PopeHandySCC.pdf
Economists are mixed on what will happen in 2010 and beyond, but many think that this year will be better than last, and 2011 will be a “hot” market again as prices are largely undervalued right now.