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

The  January 2010 Completed Sales Report for San Jose Single-Family Homes saw a closing of 356 sales receiving 101.20% of list price. These closings represented a median price of $481,100 and an average price of $518,990. There were 786 new listings reported to the MLS for January 2010. Total Sales: $184,760,530 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

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The January 2010 Completed Sales Report for San Jose Condos/Townhouses saw a closing of 155 sales receiving 100.84% of list price. These closings represented a median price of $270,000 and an average price of $306,038. There were 293 new listings reported to the MLS for January 2010. Total Sales: $47,435,927

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

January 2010 ~ Single-Family Homes in Central San Jose had an average of  65 days on market (DOM). Condos/Townhouses had an average of 70 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 derives many benefits from its memberships in the National Association of Realtors, (NAR), the California Association of Realtors, (CAR), the Silicon Valley Association of Realtors, (SILVAR), and the Santa Clara County Association of Realtors, (SCCAOR). Not the least of which is their statistical information on real estate transactions.