The sales data for the past two weeks of Northwest Cornor of Santa Clara County (Highway 17 North to Menlo Park/101South) – the Silicon Valley has risen up. Closed records were up 10% and in escrow records were up 8%.
This is a really good sign. Spring is the time for real estate. The weather become warmer, people think ahead for the taxes, parents looking for school districts etc. all factors are in play. And thank God that Santa Clara County is so blessed that WE are not affected by the national down turn in housing market in the last year. In fact, we still have a very robust market, and the entire area still enjoy multiple offers in many cases.
Realtors play an important role in this. Over pricing a listing will only make the list sit not sell. A listing sits in market too long (Californians do not have more than a week’s patience!!!), lost its attraction. Play safe, play it reasonably is the key.