by Ryan Kapowich

The February 2008 Silicon Valley Real Estate Sales Report for Santa Teresa Single-Family Homes saw a closing of 5 sales receiving 98.1% of list price. These
closings represented a median price of $560,000 and an average price of $562,360. There were 48 new listings for the month of February.

Total Sales: $2,811,800

vs

The February 2007 Silicon Valley Real Estate Sales Report for Santa Teresa Single-Family Homes saw a closing of 11 sales receiving 99.27% of list price. These
closings represented a median price of $709,000 and an average price of $704,222. There were 27 new listings for the month of February.

Total Sales: $7,746,450

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Feb/2008~Santa Teresa Condos/Townhouses had 2 closed sales receiving
99.90% of list price. These closings represented a median price and average price of $515,000. There were 8 new listings for the month of February.

Total Sales: $1,030,000

vs

Feb/2007~Santa Teresa Condos/Townhouses had 6 closed sales receiving
99.17% of list price. These closings represented a median price of $470,000 and
an average price of $473,666. There were 10 new listings for the of month February.

Total Sales: $2,842,000

Feb/2008~Single-Family Homes in Santa Teresa had an average of 38 days on market (DOM) and 74 cumulative days on market (CDOM). Condos/Townhouses had an average of 118 DOM and CDOM.
vs

Feb/2007~Single-Family Homes in Santa Teresa had an average of 50 DOM and 69 CDOM. Condos/Townhouses had an average of 73 DOM and 100 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