by Ryan Kapowich

The April/2008 Completed Sales Report for Milpitas Single-Family
Homes saw a closing of 16 sales receiving 97.88% of list price. These
closings represented a median price of $585,000 and an average price
of $660,805. There were 56 new listings reported to the MLS in
April/2008.

Total Sales: $10,572,888

vs

The April/2007 Completed Sales Report for Milpitas Single-Family
Homes saw a closing of 104 sales receiving 98.69% of list price. These
closings represented a median price of $737,500 and an average price
of $788,680. There were 44 new listings reported to the MLS in
April/2007.

Total Sales: $25,237,776

Milpitas Real Estate Single-Family Homes Sales

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April/2008~Milpitas Condos/Townhouses had 9 closed sales receiving 95.64% of list price. These closings represented a median price of $559,000 and an average price of $475,000. There were 19 new listings reported to the MLS in April/2008.

Total Sales: $4,781,702

vs

April/2007~Milpitas Condos/Townhouses had 12 closed sales receiving 99.44% of list price. These closings represented a median price of $591,000 and an average price of $567,258. There were 20 new listings reported to the MLS in April/2007.

Total Sales: $6,807,101

Milpitas Real Estate Condos & Townhouses Sales

April/2008~Single-family homes in Milpitas had an average of 67 days on
market (DOM) and 119 cumulative days on market (CDOM).
Condos/Townhouses had an average of 63 DOM and 80 CDOM.

vs

April/2007~Single-family homes in Milpitas had an average of 40 DOM and 64 CDOM.
Condos/Townhouses had an average of 39 DOM and CDOM.

It is beneficial for KAPOWICH REAL ESTATE to be a member of
Silicon Valley Association of Realtors and Santa Clara County
Association of Realtors which partly supports MLSListings,
a Multiple Listing Service (MLS). MLSListings, also 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