Silicon Valley April Median Home Price over $900K

The housing market in Silicon Valley, which is in Santa Clara County, is unstoppable!!! According to MLS LISTINGS data, the median single family homes sold for $907,751 in April. It is about 11% up from the end of 2013. If this is the speed of market is going, we may reach $1,000,000 by year end!

Here are some key figures of housing composite:

Median Price (SFH):  April, $907,751 VS March $852,000
(unsold) Inventory index: 2.2%
Median-time-on-the-Market: 18.4  days VS 35 days in California VS 77  days National
(First-time home buyer) affordability: 21% VS 45%  California
Unemployment rate: 6.1% VS CA 8.1%, VS National 6.3% 
Interest rate: 4.5% (30 yr fixed),  2.45% (5 yr ARM)

**Sources from CAR, BusinessNews**

California Association of Realtors has published housing data by the County, If you are interested in finding out the graphic analysis, here are the links:
http://www.car.org/marketdata/marketupdate/
Santa Clara County:
http://www.car.org/3550/pdf/econpdfs/Santa_Clara_03-14.pdf

 

 

 

 

 

 

http://www.car.org/3550/pdf/econpdfs/Santa_Clara_03-14.pdf

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s