Silicon Valley Real Estate Housing Sales ~ Housing Sales Improve in San Jose's Santa Teresa! Still Waiting for the Bottom of the Market? Real Estate Housing Sales Report for "Zone 2" ~ Map, Graphs, Pics & Stats ~ May/2008 to April/2008 to March/2008

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The May/2008 Silicon Valley Real Estate Sales Report for Santa Teresa Single-Family Homes saw a closing of 19 sales receiving 97.78% of list price. These closings represented a median price of $555,000 and an average price of $590,742. There were 45 new listings for the month of May/2008.

Total Sales: $11,224,100

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The April/2008 Silicon Valley Real Estate Sales Report for Santa Teresa Single-Family Homes saw a closing of 12 sales receiving 94.27% of list price. These closings represented a median price of $550,000 and an average price of $560,979. There were 39 new listings for the month of April/2008.

Total Sales: $6,731,750

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The March/2008 Silicon Valley Real Estate Sales Report for Santa Teresa Single-Family Homes saw a closing of 11 sales receiving 97.01% of list price. These closings represented a median price of $560,000 and an average price of $570,954. There were 56 new listings for the month of March/2008.

Total Sales: $6,280,500

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Santa Teresa Single-Family Home Sales

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May/2008~Santa Teresa Condos/Townhouses had 5 closed sales receiving 97.42% of list price. These closings represented a median price of $445,900 and average price of $449,164. There were 9 new listings for the month of May/2008.

Total Sales: $2,245,820

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April/2008~Santa Teresa Condos/Townhouses had 1 closed sales receiving 100.00% of list price. These closings represented a median price and average price of $488,000. There were 12 new listings for the month of April/2008.

Total Sales: $488,000

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March/2008~Santa Teresa Condos/Townhouses had 2 closed sales receiving 97.95% of list price. These closings represented a median price and average price of $515,000. There were 8 new listings for the month of March/2008.

Total Sales: $954,000

Santa Teresa Condos & Townhouses Sales

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May/2008~Single-Family Homes in Santa Teresa had an average of 48 days on market (DOM) and 79 cumulative days on market (CDOM). Condos/Townhouses had an average of 20 DOM and 92 CDOM.

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April/2008~Single-Family Homes in Santa Teresa had an average of 66 days on market (DOM) and 151 cumulative days on market (CDOM). Condos/Townhouses had an average of 27 DOM and CDOM.

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March/2008~Single-Family Homes in Santa Teresa had an average of 88 days on market (DOM) and 98 cumulative days on market (CDOM). Condos/Townhouses had an average of 118 DOM and CDOM.

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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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