2007 vs 2006 Santa Clara County Housing Sales ~ What Silicon Valley Real Estate Bubble?

lw4n6581.jpg Silicon Valley Real Estate Sales for 2007

The 2007 Completed Sales Report for Santa Clara County Single-Family Homes saw a closing of 9,110 sales receiving 99.75% of list price. These closings represented an average price of $1,045,099. 20,270 new listings were also reported.

Total Sales: $ 9,517,718,302

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Silicon Valley Real Estate Sales for 2006

The 2006 Completed Sales Report for Santa Clara County Single-Family Homes saw a closing of 11,826 sales receiving 99.55% of list price. These closings represented average price of $941,574. 21,573 new listings were also reported.

Total Sales: $ 11,135,061,975

~Single-Family Homes~

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2007 ~ Santa Clara County Condos/Townhouses had 3,825 closed sales receiving 99.66% of list price. These closings represented an average price of $557,700. There were 7,511 new listings for 2007.

Total Sales: $ 2,132,090,328 vs

2006 ~ Santa Clara County Condos/Townhouses had 5,149 closed sales receiving 99.94% of list price. These closings represented an average price of $525,535. There were 8,348 new listings for 2006.

Total Sales: $ 2,705,984,931

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~Condos & Townhouses~

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100_3990.jpg 2007 ~ Single-Family Homes in Santa Clara County had an average of forty-one days on market (DOM) and fifty-five cumulative days on market (CDOM). Condos/Townhouses had an average of forty-one DOM and fifty-four CDOM.

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2006 ~ Single-Family Homes in Santa Clara County had an average of thirty days on market (DOM) and forty-six cumulative days on market (CDOM). Condos/Townhouses had an average of thirty DOM and forty-two CDOM. 100_3905.jpg

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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!

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Pat Kapowich, "Negotiating Smooth Transactions Throughout The South Bay" SiliconValleyBroker.com

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UncategorizedPat Kapowich