Newsletter

For Santa Clara County as a whole, single-family, re-sales home sales were up 0.5% last year. Unfortunately, after a nice gain in 2010, prices were down. The median price for homes dropped 5.3% and the average price was off 1%. What about individual cities or towns?

• San Jose: prices were down too (median off 5.9%, average down 3.5%)
• Los Gatos: prices are up year over year (median up 6.4%, average up 5.1%)
• Saratoga is off for the year with 2012 prices down about 2% BUT the numbers for the month of December year over year are completely "on fire" with the median year over year at + 22% and the average year over year + 29%

Some good news on the REO front: The number of properties owned by the banks was down 15.5% year-over-year.

To see all the numbers for houses in the many Santa Clara County communities, please visit www.popehandy.rereport.com.  If you are new to this newsletter, please note that if you select San Jose for any of the reports, you can then select an area, such as Willow Glen, Almaden, Cambrian etc. to receive either a monthly, quarterly or annual report as well as reports going back about 10 years. Finally, it's also possible to track sales activity around any house in the county by clicking on the property analysis tab (just be patient as it loads slowly!).

Condo sales in Santa Clara County were up 12.2% over 2010. The median price for condos dropped 13%.

• San Jose: median down 10.7%, average sales price down 8.9%
• Los Gatos: median price year over year was + 6.4%, the average sales price was up 5%
• Saratoga: median price up 7.7%, average price up 6.8%

To learn more about the condo market in Silicon Valley, please see the condo report for Santa Clara County.