The Condo Market in Almaden Valley, Los Gatos, Saratoga and Cupertino

Santa Clara County Condo Market

How's The Silicon Valley Real Estate Market?Real estate statistics and trends at a glance – below please find the data for Sept 2010 and Aug 2010 for all of Santa Clara County. (View the whole report online here – Santa Clara County Condo Market Trends Report. It is updated each month between the 5th and 10th, and this link will always bring you to the most current report.)

Countywide, the condo market has had a rough few years – and this year is no exception.  Prices are starting to nudge up again, but the number of sales remains sluggish.

 

Trends At a GlanceSep 2010Previous MonthYear-over Year
Median Price$320,000$347,500 (-7.9%)$328,750 (-2.7%)
Average Price$367,947$374,824 (-1.8%)$361,880 (+1.7%)
No. of Sales288330 (-12.7%)394 (-26.9%)
Pending Properties774795 (-2.6%)845 (-8.4%)
Active1,1481,112 (+3.2%)1,132 (+1.4%)
Sale vs. List Price99.4%99.5% (-0.1%)101.3% (-1.8%)
Days on Market6054 (+12.7%)57 (+6.2%)

 

Trends At a GlanceAug 2010Previous MonthYear-over Year
Median Price$347,500$345,000 (+0.7%)$330,000 (+5.3%)
Average Price$374,824$403,846 (-7.2%)$378,864 (-1.1%)
No. of Sales330298 (+10.7%)350 (-5.7%)
Pending Properties795839 (-5.2%)837 (-5.0%)
Active1,1121,073 (+3.6%)1,163 (-4.4%)
Sale vs. List Price99.5%99.3% (+0.2%)100.6% (-1.1%)
Days on Market5451 (+4.4%)58 (-7.8%)

Median List Prices of Condos in Almaden Valley, Los Gatos, Saratoga and Cupertino

A stranger graph you may never have seen – it is very tangled looking! The slate blue line represents the Saratoga condo market, which I can attest first hand has been suffering.  Of these four market areas, it’s the most expensive.  The green line is Almaden Valley, San Jose, 95120.  It has been slipping in price fairly consistently this year.  Interstingly, though, Los Gatos has had a softer ride and Cupertino’s prices are rising!

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

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