Realty World – BLUE | Property Group, Inc.

San Jose, 95124 Summary

The median sales price for homes in ZIP code 95124 for Sep 11 to Nov 11 was $575,000. This represents an increase of 6.9%, or $36,957, compared to the prior quarter and a decrease of 5.4% compared to the prior year. Sales prices have depreciated 19.7% over the last 5 years in 95124, San [...]

Since the beginning of the house-price crash in 2007 almost every analyst has predicted that “the bottom” in house prices is just around the corner.  As you know they were wrong every time. But maybe now, finally, it looks as though house prices may actually be nearing a bottom.
Why you ask?
Well it is being reported that [...]

30-year mortgage rates are still averaging a rock-bottom 4%. The applications to purchase homes rose after Thanksgiving to the highest level in four months.
With Freddie Mac’s weekly report on home lender offerings released Thursday it showed the typical rate for a 30-yearloan at 3.99%, the sixth straight week at or slightly below 4%.  Last year at [...]

It has been reported that more than one in five American home mortgages are underwater.
The estimate is that 10.7-million households, or 22.1% of all homes with mortgages, had more debt on the properties than they were worth in the third quarter. The report was released by the  firm CoreLogic. This is a slight decline [...]

A closely watched survey reported Tuesday that U.S. single-family home prices declined in September. This report  highlight’s  the fragility of a market as it struggles to get back on its feet.
As reported by The S&P/Case Shiller composite index, 20 metropolitan areas fell 0.6 percent from August on a seasonally adjusted basis.
Prices in August were also revised to show [...]

 HELLLOOOO My Ever Wonderful Beautiful Bay Area… here’s some interesting stats for you regarding housing activities in the following counties….they may give you a better insight as to what the average List prices are in high and low price points … Enjoy!!

I hope you will find the following snapshot of local Real Estate 
 

inventory interesting. The table represents aggregated values based on 

MLS data for the specified date. 
 
 

Housing Inventory Snapshot 
July 28, 2011

 
Average List Price
Median List Price
Average Days On Market

Santa Clara County, CA

Single Family under $1M
$592,091
$580,000
69

Single Family over $1M
$2,302,785
$1,650,000
77

Condo/Townhome under $600K
$346,370
$349,000
75

Condo/Townhome over $600K
$746,892
$708,000
67

San Mateo County, CA

Single Family under $1M
$614,943
$588,888
74

Single Family over $1M
$2,806,758
$1,728,000
80

Condo/Townhome under $600K
$370,848
$359,900
88

Condo/Townhome over $600K
$779,907
$719,000
65

Santa Cruz County, CA

Single Family under $1M
$563,733
$559,000
79

Single Family over $1M
$1,952,887
$1,645,000
108

Condo/Townhome under $600K
$353,149
$333,703
107

Condo/Townhome over $600K
$800,226
$759,000
120

Monterey County, CA

Single Family under $1M
$449,639
$375,000
87

Single Family over $1M
$3,139,852
$2,195,000
125

Condo/Townhome under $600K
$310,009
$279,000
80

Condo/Townhome over $600K
$1,074,440
$897,000
111

San Benito County, CA

Single Family under $1M
$363,682
$319,900
92

Single Family over $1M
$1,983,890
$1,500,000
199

Condo/Townhome under $300K
N/A**
N/A**
N/A**

Condo/Townhome over $300K
N/A**
N/A**
N/A**

Alameda County, CA

Single Family under $1M
$439,582
$400,000
77

Single Family over $1M
$1,861,976
$1,498,000
87

Condo/Townhome under $600K
$272,242
$249,000
85

Condo/Townhome over $600K
$757,419
$699,000
61

Contra Costa County, CA

Single Family under $1M
$389,133
$314,900
77

Single Family over $1M
$1,930,678
$1,450,000
113

Condo/Townhome under $600K
$228,331
$177,000
88

Condo/Townhome over $600K
$718,012
$679,950
82

If you know someone who is considering buying or selling a home, please 

give me a call. I will provide professional & courteous service along with 

knowledgeable guidance through the process.