by Ryan Kapowich

The 2007 Completed Sales Report for Santa Teresa Single-Family
Homes saw a closing of 174 sales receiving 98.58% of list price. These
closings represented a median price of $696,000 and an average price
of $706,833. There were 514 new listings reported in 2007.

Total Sales: $122,282,280

vs

The 2006 Completed Sales Report for Santa Teresa Single-Family
Homes saw a closing of 294 sales receiving 99.97% of list price. These
closings represented a median price of $708,000 and an average price
of $728,811. There were 535 new listings reported in 2006.

Total Sales: $214,270,440

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2007~Santa Teresa Condos/Townhouses had 57 closed sales receiving 98.8% of list price. These closings represented a median price of $525,000 and an average price of $502,796. There were 134 new listings in 2007.

Total Sales: $28,659,400

vs

2006~Santa Teresa Condos/Townhouses had 90 closed sales receiving 99.19% of list price. These closings represented a median price of $540,000 and
an average price of $529,575. There were 185 new listings in 2006.

Total Sales: $47,661,755

2007~Single-family homes in Santa Teresa had an average of 44 days on
market (DOM) and 64 cumulative days on market (CDOM).
Condos/Townhouses had an average of 52 DOM and 69 CDOM.

vs

2006~Single-family homes in Santa Teresa had an average of 32 DOM and 47 CDOM. Condos/Townhouses had an average of 40 DOM and 61 CDOM.

It is beneficial for KAPOWICH REAL ESTATE to be a member of Silicon Valley Association of Realtors and Santa Clara County Assocation of Realtors, which partly supports MLSListings, a Multiple Listing Service (MLS). MLSListingsalso maintains statistics on real estate transactions for Santa Clara County and San Mateo County. We love this stuff!

Pat Kapowich,
“Negotiating Smooth Transactions Throughout The South Bay”
SiliconValleyBroker.com