December 2018 Statistics The official December market reports are now available. December 2018 did not outshine the previous year. Let’s review the Santa Clara County’s single-family homes stats which took a dip at year end: Median sales prices dropped to $1.15 million from $1.30 million. 154 fewer sales closed, 757 sales compared to 729 in […]

Home Sales Up Across the U.S. Affordability and lack of inventory isn’t just a Silicon Valley market phenomenon; similar stats are showing up across the country. According to the National Association of Realtors (NAR) existing home sales climbed 1% in March, the second consecutive month of growth. NAR chief economist said, “… the healthy economy […]

The official real estate sales numbers are in. And 2017 was another superb year for real property appreciation in our area. How good? Very. Let’s look at the statistics more closely. Record Highs Driven By Low Inventory The median sales price for a single-family home in Santa Clara County hit another new record in 2017: […]

Last year home inventory levels were reported at record lows. Now that the 2017 holiday season is here, those records are now even lower. The total number of available single-family homes for sale is down 49% and for condos/townhomes, the numbers are even more drastic at 71% when compared to 2016. Lower inventory means higher […]

Understanding The Effect on Bay Area Real Estate With the recent passage of the House tax reform bill, there’s been a lot of speculation on how it will affect homeowners, especially those with pricey Silicon Valley mortgages. It’s important to note that the tax reform hasn’t officially passed into law. Let’s look at the proposed […]