Santa Clara County Real Estate Home Sales
Good news for Santa Clara County Real Estate as it appears that the Silicon Valley real estate market is still rebounding. The median price of houses sold in Santa Clara County last month increased 15 percent compared with a year earlier to $525,750 for single family homes. December’s median price was lower than the $550,000 mark reached in October and November of 2009. The sale of single family homes also increased 44 per cent in December, as reported by Data Quick, to 1,266 homes. Thats about the same level as we had 3 years ago. We also saw Condominium sales rise by 69 percent which is a welcomed and very strong growth for this segment of the market. The median price for Condominiums in December was $330,000. This is very good news for the Real Estate Market and the local economy. Lets hope the interest rates stay at Historic lows and that the momentum continues.
