The Dec/2008 Santa Clara County (SCC), Real Estate Sales Report for Single-Family Homes saw a closing of 677 sales receiving 97.28% of list price. These closings represented a median price of $512,450 and an average price of $657,842. There were 1,059 new listings reported to the MLS during December. Total Sales: $444,701,772

Single Family Homes

Jan/2010~SCC Condos/Townhouses had 232 closed sales receiving 99.85% of list price. These closings represented a median price of $321,000 and an average price of $368,681. There were 522 new listings reported to the MLS during Jan/2010. Total Sales: $85,534,059

Dec/2008~SCC Condos/Townhouses had 208 closed sales receiving 96.49% of list price. These closings represented a median price of $312,500 and an average price of $368,525. There were 385 new listings reported to the MLS during December. Total Sales: $76,653,267

Santa Clara County Condos & Townhouses

Days on Market

Jan/2010~Single-Family Homes in SCC had an average of 65 days on
market (DOM). Condos/Townhouses had an average of 73 DOM.

Dec/2008~Single-Family Homes in SCC had an average of 92 days on
market (DOM). Condos/Townhouses had an average of 82 DOM.

The Q4 2006 Silicon Valley Real Estate Housing Sales Report for Los Gatos Single-Family Homes saw a closing of 83 sales receiving 97.96% of list price. These closings represented a median price of $1,355,000 and an average price of $1,538,690. There were 71 new listings reported to the MLS for Q4/2006.  Total Sales: $127,711,320

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Q4 2009~Los Gatos Condos/Townhouses had 27 closed sales receiving 97.13% of list price. These closings represented a median price of $607,500 and an average price of $606,761. There were 39 new listings reported to the MLS for Q4/2009. Total Sales: $16,382,550

Q4/2006~Los Gatos Condos/Townhouses had 23 closed sales receiving 97.96% of list price. These closings represented a median price of $645,000 and an average price of 653,365. There were 30 new listings reported to the MLS for Q4/2006. Total Sales: $15,027,400

Q4/2009~Single-Family Homes in January had an average of 84 days on market (DOM). Condos/Townhouses had an average of 136 DOM.

Q4/2007~Single-family homes in January had an average of 75 DOM and 75 CDOM. Condos/Townhouses had an average of 66 DOM and 66 CDOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

January 2009 ~ The Campbell Silicon Valley Real Estate Sales Report for Single-Family Homes saw a closing of 11 sales receiving 99.79% of list price. These closings represented a median price of $655,000 and an average price of $658,181. There were 31 new listings reported to the MLS during January. Total Sales: $7,240,000

vs

February 2007 ~ The Campbell Silicon Valley Real Estate Sales Report for Single-Family Homes saw a closing of 35 sales receiving 99.72% of list price. These closings represented a median price of $745,000 and an average price of $769,377. There were 68 new listings reported to the MLS during February. Total Sales: $26,928,211

January 2009 ~ Campbell Condos/Townhouses had 6 closed sales receiving 99.43% of list price. These closings represented a median price of $396,000 and an average price of $406,333. There were 23 new listings reported to the MLS during January. Total Sales: $2,438,000

vs

February 2007 ~ Zone Campbell Condos/Townhouses had 25 closed sales receiving 99.39% of list price. These closings represented a median price of $510,000 and an average price of $519,474. There were 33 new listings reported to the MLS during the month of February.  Total Sales: $12,986,856

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January 2009 ~ Single-Family Homes in Campbell had an average of 33 days
on market (DOM). Condos/Townhouses had an average of 54 DOM.

vs

February 2007 ~ Single-Family Homes in Campbell had an average of 49 DOM and 65 CDOM. Condos/Townhouses had an average of 36 DOM and 53 CDOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

vs

The 2006 Completed Sales Report for Blossom Valley Single-Family Homes saw a closing of 756 sales receiving 100.28% of list price. These closings represented a median price of $710,000 and an average price of $728,736.
There were 1,291 new listings reported to the MLS in 2006.
Total Sales: $550,924,790

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2009~Blossom Valley Condos/Townhouses had 464 closed sales receiving 99.62% of list price. These closings represented a median price of $220,500 and an average price of $244,186. There were 656 new listings reported to the MLS in 2009.
Total Sales: $113,302,495

vs

2006~Blossom Valley Condos/Townhouses had 617 closed sales receiving 100.02% of list price. These closings represented a median price of $455,000 and an average price of $467,319. There were 1,099 new listings reported to the MLS in 2006.
Total Sales: $288,236,255

2009~Single-Family Homes in Blossom Valley had an average of 75 days on market (DOM). Condos/Townhouses had an average of 80 DOM.

2006~Single-Family Homes in Blossom Valley had an average of 61 days on market (DOM). Condos/Townhouses had an average of 60 DOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

The December 2008 Completed Sales Report for the city of Milpitas Single-Family Homes saw a closing of 21 sales receiving 99.53% of list price. These closings represented a median price of $430,000 and an average price of $487,314. There were 35 new listings reported reported for December.
Total Sales: $10,233.600

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December 2009~ Milpitas Condos/Townhouses had 7 closed sales receiving 97.52% of list price. These closings represented a median price of and an average price of $255,000. There were 19 new listings reported for December. Total Sales: $2,050,000

December 2008 ~ Milpitas Condos/Townhouses had 2 closed sales receiving 98.34% of list price. These closings represented a median price of and an average price of $502,500. There were 7 new listings reported for December. Total Sales: $1,005,000

December 2009 ~ Single-Family Homes in Milpitas had an average of  DOM.39 Condos/Townhouses had an average of 108 DOM.

December 2008 ~ Single-Family Homes in Milpitas had an average of 95 DOM. Condos/Townhouses had an average of 107 DOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

The Q4 2008 Completed Sales Report for zone Cupertino Single-Family Homes saw a closing of 65 sales receiving 97.22% of list price. These closings represented a median price of $995,000 and an average price of $1,014,192. There were 142 new listings reported to the MLS during Q4 2008. Total Sales: $65,922,492

Q4/09 Zone Cupertino Condos/Townhouses had 47 closed sales receiving 99.38% of list price. These closings represented a median price of $620,000 and an average price of $614,483. There were 68 new listings reported to the MLS during Q4 2009. Total Sales: $28,880,717

Q4/08~Zone Cupertino Condos/Townhouses had 35 closed sales receiving 98.23% of list price. These closings represented a median price of $625,000 and an average price of $606,325. There were 52 new listings reported to the MLS during Q4 2008. Total Sales: $21,221,388

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Q4/09~Single-Family Homes in Cupertino had an average of 57 days on
market (DOM). Condos/Townhouses had an average of 42 DOM.

Q4/08~Single-Family Homes in Cupertino had an average of 57 days on
market (DOM). Condos/Townhouses had an average of 59 DOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

The 2009 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 315 sales receiving 96.57% of list price. These closings represented a median price of $1,095,000 and an average price of $1,239,814. There were 513 new listings reported reported for 2009. Total Sales: $390,541,444

The 2009 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 387 sales receiving 97.77% of list price. These closings represented a median price of $1,334,500 and an average price of $1,516,480. There were 633 new listings reported reported for 2009. Total Sales: $582,328,356

The 2009 Completed Sales Report for Mountain View Single-Family Homes saw a closing of  254 sales receiving 97.47% of list price. These closings represented a median price of $874,840 and an average price of $946,438. There were 399 new listings reported reported for 2009. Total Sales: $240,395,460

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2009~ Los Altos Condos/Townhouses had 39 closed sale receiving 94.96% of list price. This closing had a median price and average price of $760,000. There were 106 new listings reported for 2009. Total Sales: $29,121,380

2009~ Menlo Park Condos/Townhouses had 56 closed sales receiving 95.56% of list price. These closings represented a median price of $775,000 and an average price of $853,443. There were 122 new listings reported for 2009. Total Sales: $47,792,860

2009 ~ Palo Alto Condos/Townhouses had 85 closed sales receiving 96.25% of list price. These closings represented a median price of $675,000 and an average price of $768,583. There were 178 new listings reported for 2009. Total Sales: $65,329,590

2009 ~ Mountain View Condos/Townhouses had 287 closed sales receiving 97.68% of list price. These closings represented a median price of $540,000 and an average price of $538,987. There were 415 new listings reported for 2009. Total Sales: $14,689,392

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2009~Single-Family Homes in Los Altos had an average of 65 days on market (DOM). Condos/Townhouses had an average of 79 DOM.

2009~Single-Family Homes in Menlo Park had an average of 64 DOM. Condos/Townhouses had an average of 93 DOM.

2009~Single-Family Homes in Palo Alto had an average of 50 DOM. Condos/Townhouses had an average of 61 DOM.

2009~Single-Family Homes in Mountain View had an average of 62 DOM. Condos/Townhouses had an average of 65 DOM.
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KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors and the Santa Clara County
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

2007~ The Zone Campbell Silicon Valley Sales Report for Single-Family Homes saw a closing of 528 sales receiving 99.23% of list price. These closings represented a median price of $789,000 and an average price of $832,069. There were 868 new listings reported to the MLS in 2007. Total Sales: $439,332,665

2005~ The Campbell Silicon Valley Sales Report for Single-Family Homes saw a closing of 954 sales receiving 102.12% of list price. These closings represented a median price of $731,000 and an average price of $768,261. There were 954 new listings reported to the MLS in 2005. Total Sales: $533,941,653

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2009 ~ Zone 15 Condos/Townhouses had 186 closed sales receiving 98.52% of list price. These closings represented a median price of $410.250 and an average price of $427,203. There were 321 new listings reported for 2009. Total Sales: $79,459,787

2007 ~ Zone 15 Condos/Townhouses had 268 closed sales receiving 98.91% of list price. These closings represented a median price of $542,000 and an average price of $567,125. There were 455 new listings reported for 2007. Total Sales: $151,989,649

2005 ~ Zone 15 Condos/Townhouses had 384 closed sales receiving 102.96% of list price. These closings represented a median price of $520,000 and an average price of $514,856. There were 524 new listings reported for 2005. Total Sales: $197,704,878

November 2009 ~ Single-Family Homes in Zone 15 had an average of 66 days on market (DOM) . Condos/Townhouses had an average of 85 DOM.

November 2007 ~ Single-Family Homes in Zone 15 had an average of 47 days on market (DOM) . Condos/Townhouses had an average of 53 DOM.

November 2005 ~ Single-Family Homes in Zone 15 had an average of 24 days on market (DOM). Condos/Townhouses had an average of 18 DOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors, and the Santa Clara County
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

The December 2008 Completed Sales Report for Los Gatos Single-Family Homes saw a closing of 16 sales receiving 94.18% of list price. These closings represented a median price of $1,437,500 and an average price of $1,478,161. There were 32 new listings reported reported for December. Total Sales: $23,650,590

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December 2009~ Los Gatos Condos/Townhouses had 8 closed sales receiving 97.81% of list price. These closings represented a median price of $561,500 and an average price of $590,737. There were 9 new listings reported for December.
Total Sales: $4,725,900

December 2008~ Los Gatos Condos/Townhouses had 2 closed sales receiving 92.88% of list price. These closings represented a median price of $756,500 and an average price of $756,500. There were 8 new listings reported for December.
Total Sales: $1,513,000

December 2009~Single-Family Homes in Los Gatos had an average of 25 days on market (DOM). Condos/Townhouses had an average of 8 DOM.

December 2008~Single-Family Homes in Los Gatos had an average of 95 days on market (DOM). Condos/Townhouses had an average of 60 DOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors,
the California Association of Realtors, the Silicon Valley
Association of Realtors and the Santa Clara County
Association of Realtors. Not the least of which is
their statistical information on real estate transactions.

Q ~ When the real estate market was hot, properties had disclosure
packages and pictures online. Now that the market has cooled,
many listings have few or no pictures and inspections.
What happened?

A ~ Counter-intuitive, isn’t it? One would think that if sellers and/or
their licensee engaged in the process of selling a home, they
would bring everything to bear in order to make that sale happen.
Not so in this cooler market. Many sellers and their reps seem to
start with the attitude that the home might not sell at all.
Unfortunately, the sellers who could “save” hundreds of dollars in
inspections often wind up repeatedly reducing their list price
by the thousands. These sellers actually help the competing
fully-inspected homes sell first, for top dollar.

Seller inspections promote a sale, limit surprises and expensive
renegotiations, thus keeping the transaction together while avoiding
the likelihood of subsequent litigation.

Also, such short-sighted sellers usually hire licensees who won’t
be posting pictures, virtual tours or disclosure packages on the
internet. It’s not unusual for these licensees to then “work” open
houses repeatedly until their listing agreement period expires,
only to claim later, “I knew that property wouldn’t sell.”

Saturday, February 9, 2008

Do you have a question for the new real estate Q&A Market Wise column in the SJMN? If so, please email them to: info@SiliconValleyBroker.com