by Ryan Kapowich

The January 2008 Silicon Valley Sales Report for Santa Clara Single-Family
Homes saw a closing of 17 sales receiving 99.20% of list price. These
closings represented a median price of $660,000 and an average price
of $725,694. There were 66 new listings for the month of January.
Total Sales: $12,336,800

vs

The January 2007 Silicon Valley Sales Report for Santa Clara Single-Family
Homes saw a closing of 35 sales receiving 99.87% of list price. These
closings represented a median price of $710,000 and an average price
of $731,456. There were 43 new listings for the month of January.

Total Sales: $25,600,986

2008~Santa Clara Condos/Townhouses had 13 closed sales receiving 97.32% of
list price. These closings represented a median price of $435,000 and
an average price of $485,461. There were 47 new listings for the month of January.
Total Sales: $6,311,000

vs

2007~Santa Clara Condos/Townhouses had 19 closed sales receiving 98.65% of
list price. These closings represented a median price of $445,000 and
an average price of $506,250. There were 40 new listings for the month of January.
Total Sales: $9,618,763

2008~Single-family homes in Santa Clara had an average of 42 days on
market (DOM) and 59 cumulative days on market (CDOM).
Condos/Townhouses had an average of 54 DOM and 68 CDOM.

vs

2007~Single-family homes in Santa Clara had an average of 30 DOM and 44 CDOM.
Condos/Townhouses had an average of 57 DOM and 80 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