Santa Clara County Median Price for Condos Continues Rising 2018 April

For Santa Clara County, the median price for condos was up 28.9%, year-over-year, to $915,444. This is the second month in a row the median price for condos has set new highs. Notably, the median price for condos has been higher than the year before every month since July of 2011! The median price for single-family, re-sale homes stayed at the high it set in March. The median price for homes rose 22.1% over last April to $1,450,000. The median price for homes has been higher than the year before by double-digits ten months in a row. The average price was up by double-digits for the ninth consecutive month.

This is also the 74th month in a row the median price has been higher than the year before. The average price for homes was up 20.0%, year-over-year, to $1,722,370. The average price for condos was up 24.5% over last April. Multiple offers continue to be the norm. The sales price to list price ratio, or what buyers are paying over what sellers are asking remains at triple digits: 112.4% for homes and 114.8% for condos. The ratio has been over 100% for homes since March 2012 and for condos since April 2012.

Homes and condos are flying off the shelf. It is taking only fifteen days to sell a home, on average. Condos are taking nine days. All this is due to an incredible lack of inventory. Since January 2000, Santa Clara County has averaged 94 days of inventory. Last month it was twenty-three. Condos have averaged 87 days since 2000. Last month it was seventeen. As of May 7th, there were 753 homes and 229 condos for sale in Santa Clara County.

Comparison of Homes with CUPERTINO SCHOOLS (2/12/14)

Comparison of Homes with CUPERTINO SCHOOLS

Posted under: Home Buying in Cupertino, Home Selling in Cupertino, Property Q&A in Cupertino  |  February 12, 2014 11:57 PM  |  1 view  |  No comments

The spreadsheet below lists a Comparison of Homes with CUPERTINO SCHOOLS.

The two homes in green (467 Norwood Circle and 526 Wagman Drive) have the best value from a Price/SqFt perspective. 

467 Norwood Circle (at just 7yrs old) also has the best value from the newness perspective.



Full Disclosure: I am the listing agent for 467 Norwood Circle.

Price Trend of Santa Clara Eisenhower Elementary Condos on Mauricia Avenue

Condos are a good way to gauge the price trend of a neighborhood because condos provide a uniform apples to apples comparison. In this case, I chose the "apple" as the Mauricia Avenue 2 bedroom 2 bathroom 1067 square foot units. Click the hyperlink for the price trend graph of Santa Clara Eisenhower Elementary on Mauricia Avenue 2 bedroom 2 bathroom 1067 square foot condos.

If the above link doesn't work, then copy / paste this link in your browser:
http://siliconvalleyhouses.files.wordpress.com/2011/10/mauriciaav2bed2bathpricetrend.pdf

San Jose Rio Vista Avenue Home Price Trend (Price / SqFt vs. Sale Date)

I've put together a Table and Chart showing the San Jose Rio Vista Avenue Home Price Trend (Price/SqFt vs. Sale Date). At first glance you see the price plunged on the last sale, but if you look closely you see a couple things:
1. That sale was back on 11/14/09 when prices were lower.
2. That sale was one of the larger homes (1630 sq ft). Larger homes tend to sell at lower price per square feet because when you add square footage to a home, you don't increase value at a linear rate.


Robert Lei
REALTOR®, e-PRO®
Century 21 M&M and Associates
761 E. El Camino Real
Sunnyvale, CA 94087
Direct: (408) 350-4726
Cell: (408) 893-2410
I'm never too busy for your Silicon Valley real estate referrals
DRE # 01716389
http://www.siliconvalleyhouses.blogspot.com/



http://siliconvalleyhouses.files.wordpress.com/2011/07/riovista.pdf

High Tech Realtor: Trulia Layar Real Estate App makes Zillow look like the Stone Ages

High Tech Realtor: Trulia Layar Real Estate App makes Zillow look like the Stone Ages
Posted Under: Home Buying in California, Home Selling in California, Tech Tips in California | May 4, 2011 12:45 AM | 122 views | 1 comment

A new Real Estate App has been created by Trulia in conjunction with a company called "Layar", one of the pioneers in "augmented reality". The App uses GeoLocation, Computer Vision, and Context Aware coding on an open API to augment real live objects on your camera phone with relevant data.

With regular Trulia, you look at a map, then figure out which house in the real world corresponds to the house on the map.

With the Trulia Layar Real Estate App, you take your camera phone, aim it at a bunch of houses ...or slowly turn around in a circle while pointing your camera phone at the row of houses, and as your camera passes over each house, data bubbles with listing/sales informationpop over the image of each house.

Layar has an open API. It is free to develop and/or use Apps on Layar. (This is a familiar model for developing web service apps for the web.)

Robert Lei
REALTOR®, e-PRO®
Century 21
Direct: (408) 350-4726
Cell: (408) 893-2410
I'm never too busy for your Silicon Valley real estate referrals