Across Santa Clara County, More Pending Homes for Sale than Available Homes for Sale!

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 GlanceApr 2010Previous MonthYear-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 Sales896861 (+4.1%)909 (-1.4%)
Pending Properties2,5192,303 (+9.4%)1,377 (+82.9%)
Active2,4162,257 (+7.0%)3,550 (-31.9%)
Sale vs. List Price101.0%100.8% (+0.2%)98.4% (+2.6%)
Days on Market4347 (-8.7%)61 (-29.2%)

 

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

 

Trends At a GlanceApr 2010Previous MonthYear-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 Sales297321 (-7.5%)261 (+13.8%)
Pending Properties1,154985 (+17.2%)475 (+142.9%)
Active873909 (-4.0%)1,212 (-28.0%)
Sale vs. List Price100.6%100.6% (0.0%)97.1% (+3.7%)
Days on Market5949 (+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.