San Jose’s Second Quarter 2007 :

Completed Sales Report for San Jose Single-Family
Homes saw a closing of 1,394 sales receiving 99.35% of list price. These
closings represented a median price of $765,000 and an average price
of $851,727. ~ 3,405 new listings were also reported.

San Jose Condos/Townhouses had 602 closed sales receiving 99.51% of list price. These closings represented a median price of $495,250 and an average price of $512,341. There were 1,400 new listings reported.

Single-family homes in San Jose had an average of thirty-nine days on
market (DOM) and fifty-three cumulative days on market (CDOM).

Condos/Townhouses had an average of forty-five DOM and fifty-eight CDOM.

The Second Quarter of 2006:

Completed Sales Report for San Jose’s Single-Family
Homes saw a closing of 1,888 sales receiving 101.11% of list price. These
closings represented a median price of $725,000 and an average price
of $801,206. ~ 3,755 new listings were also reported

San Jose Condos/Townhouses had 860 closed sales receiving 100.51% of list price. These closings represented a median price of $466,000 and an average price of $486,432. There were 1,491 new listings reported.

Single-family homes in San Jose had an average of twenty-four days on
market (DOM) and thirty-four cumulative days on market (CDOM).

Condos/Townhouses had an average of twenty-six DOM and thirty-five CDOM.

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