Evergreen-Silver Creek Valley Real Estate Market Conditions & Reports, Evergreen-Silver Creek Valley Market Trends, California

Market Commentary Provided by Andrew Hartland
Sales of single-family, re-sale homes fell 11.5% from the month before, and were down 41.8% year-over-year. Year-to-date, home sales are down 21.4%.Prices also reversed course with the median price dipping 0.3% from October, up 10.7% compared to last November. The average price fell 0.6%, a yearly gain of 12.1%. Remember, these prices are being kept high because the number of million dollar plus sales are an increasing part of total sales.The median price for condos rose 1.5% to $535,000, up 3.2% over last November. The average price also gained 1.5% to $579,505, an annual gain of 8%.Condo sales were down 4.4% from October, and were off 44.4% year-over-year. Year-to-date, condo sales are off 22.9%.Inventory finally fell, with single-family homes down 3.7% from October, and up 52.2% year-over-year. Condo inventory was down 8.9% month-over-month, and up 31.5% compared to last November.The sales price to list price ratio for single-family homes fell 0.9 98.8%. The ratio for condos rose 0.2 of a point to 98.6%.Days on market rose six days to 61 for homes. Days on market for condos also rose six to 62 days.Our days of inventory indicator for single-family homes turned upward again rising 22 days, sending the indicator to 281 days. The indicator for condos fell 11 days to 225.Go to my on-line site www.SCVReport.com for the full report, plus a city-by-city breakdown.

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Andrew Hartland
Realty World
San Jose, California
408-206-0122
andrew@hartlandteam.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$1,000,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 10-15%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Evergreen-Silver Creek Valley is

Seller Activity for the past 90 days in Evergreen-Silver Creek Valley is

Is Financing Available For Qualified Buyers in Evergreen-Silver Creek Valley?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Reason to Buy/Sell

Other

Average Sold Price

$1,000,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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