January 2008 vs January 2007 Silicon Valley Real Estate Housing Sales Report for City of Milpitas ~ Map, Graphs & Stats

med6284.jpg by Ryan Kapowich

The January 2008 Completed Sales Report for Milpitas Single-Family Homes saw a closing of 11 sales receiving 96.03% of list price. These closings represented a median price of $595,000 and an average price of $641,909. There were 40 new listings reported to the MLS in January.

Total Sales: $7,061,000

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The January 2007 Completed Sales Report for Milpitas Single-Family Homes saw a closing of 24 sales receiving 98.35% of list price. These closings represented a median price of $678,500 and an average price of $714,763. There were 32 new listings reported to the MLS in January.

Total Sales: $17,154,328

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Jan/2008~Milpitas Condos/Townhouses had 3 closed sales receiving 97.81% of list price. These closings represented a median price of $440,000 and an average price of $475,000. There were 16 new listings reported to the MLS in January.

Total Sales: $1,425,000

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Jan/2007~Milpitas Condos/Townhouses had 9 closed sales receiving 97.91% of list price. These closings represented a median price of $600,000 and an average price of $575,333. There were 16 new listings reported to the MLS in January.

Total Sales: $5,178,000

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Jan/2008~Single-family homes in Milpitas had an average of 74 days on market (DOM) and 129 cumulative days on market (CDOM). Condos/Townhouses had an average of 68 DOM and 208 CDOM.

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Jan/2007~Single-family homes in Milpitas had an average of 45 DOM and 64 CDOM. Condos/Townhouses had an average of 52 DOM and CDOM. mil-sfmf.png

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!

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

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