Prices Up & Fewer Days on Market in San Jose! Silicon Valley Real Estate Housing Sales for the City of San Jose ~ May 2010 vs May 2009 Stats & Graphs

The May 2010 Completed Sales Report for San Jose Single-Family Homes saw a closing of 701 sales receiving 100.49% of list price. These closings represented a median price of $550,000 and an average price of $589,848. There were 887 new listings reported to the MLS for May 2010. Total Sales: $413,483,839 The May 2009 Completed Sales Report for San Jose Single-Family Homes saw a closing of 580 sales receiving 98.77% of list price. These closings represented a median price of $410,000 and an average price of $471,894. There were 816 new listings reported to the MLS for May 2009. Total Sales: $273,698,750

Real Estate Market Chart by Altos Research www.altosresearch.com

The May 2010 Completed Sales Report for San Jose Condos/Townhouses saw a closing of 255 sales receiving 100.27% of list price. These closings represented a median price of $327,000 and an average price of $334,242. There were 331 new listings reported to the MLS for May 2010. Total Sales: $85,231,715

The May 2009 Completed Sales Report for San Jose Condos/Townhouses saw a closing of 187 sales receiving 97.48% of list price. These closings represented a median price of $220,000 and an average price of $269,653. There were 287 new listings reported to the MLS for May 2009. Total Sales: $50,425,247

Real Estate Market Chart by Altos Research www.altosresearch.com

May 2009 ~ Single-Family Homes in Central San Jose had an average of 50 days on market (DOM). Condos/Townhouses had an average of 60 DOM.

May 2009 ~ Single-Family Homes in Central San Jose had an average of 92 days on market (DOM). Condos/Townhouses had an average of 110 DOM.

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KAPOWICH REAL ESTATE is a leading real estate brokerage for buyers and sellers in Silicon Valley, providing an unparalleled level of research, education and service. The father/son team has extensive experience in single-family and townhouse/condo buying and selling. Their specialty is “move-up” and “down-size” transactions for clients who wish to sell a home and buy a replacement simultaneously.