Here's some data points from CA to put your mind to rest, taken from a Santa Clara city neighborhood mail out:
"Santa Clara County RE market is seemingly contradictory. One the one hand, April '07 Median Sales Price Increased substantially compared to April '06 -- 12% for homes (to a record high of $868,406), and 10% for Condos/Townhouses (to $550,000, also a record high). On the other hand the number of sales declined substantially compared to average for April--a 26% decline for homes and 15% for Condos/Townhomes."
Recent sales:
3X2 $740,000 list closed price pending
3X2.5 $719,000 list $886,000 close
3X2 $725,000 list $697,500
4X2.5 $899,950 list $920,700
Realtor's name is Lloyd Binen, I'm sure he'd add you to the mail list, just call 408-345-3015. |
