Silicon Valley Single Family Inventory Report as July 1^st 2008 by Kathy Gamch – Chicago Title

# listings Pendings #Active %Pending # short pending #active short sale

Evergreen 516 108 408 21% 50 220

Alum Rock 1000 183 817 18% 71 441

Berryessa 377 101 276 27% 45 104

Milpitas 199 52 147 26% 15 52

Santa Clara 274 70 204 26% 15 42

Central SJ 418 76 342 18% 28 93

Willow Glen 277 67 210 24% 9 20

South SJ 557 140 417 25% 54 248

Blossom Vy 385 90 295 23% 38 103

Almaden Vy 141 34 107 24% 2 9

Cambrian 261 59 202 23% 12 47

Campbell 216 56 160 26% 10 18

Los Gatos 197 44 153 22% 1 5

Los Gatos Mt 79 3 76 4% 0 3

Saratoga 145 28 117 19% 1 1

Cupertino 159 55 104 35% 0 1

Sunnyvale 239 82 157 34% 22 35

Mt View 92 35 57 38% 0 2

LA Hills 87 23 64 26% 1 1

Los Altos 47 8 41 16% 0 1

Palo Alto 110 46 64 42% 0 0

The city of Palo Alto has 110 listings of homes for sale, 46 homes are pending, 64 homes are active, 42% of the homes are in pending. We can see the following has the best real estate market: Palo Alto, Mountain View, Cupertino, Sunnyvale.The Berryessa, Milpitas, Campbell, Los Altos Hill and South San Jose is above the same still in the sellers market. The rest of cities as Los Gatos, Mountain is hardest to sell only 4% listings are pending.

The top of short sales listings are located at the 5 areas of San Jose Alum Rock, South San Jose, Evergreen, Blossom Valley, Berryessa, Central S J.

Sunnyvale Condo/Townhouses had 46 closed sales! These closings represented a median price of $560,500. There were 40 new listings and total inventory 46 for June.

It takes an average of 20 Days for a Sunnyvale Single-Family Homes on Market (DOM) and 21 Cumulative Days on Market (CDOM). The data is provided from Grace Keng of RE/MAX RES is a member of REInfoLink, (Santa Clara County Multiple Listing Service which maintains real estate transactions statistics of northern California).

The Santa Clara County June 2007 Sales Reported for 982 closed sales of single family homes receiving 99.29% of list price. These closings represented a median price of $1,066,610. There were also 1996 new listings reported.

Santa Clara County Condo/Townhouses had 418 closed sales receiving 98.14% of list price! These closings represented a median price of $574,291 and a median price of $865,000. There were 19 new listings for the month of June.

It takes an average of 36 Days for a Santa Clara County Single-Family Homes on Market (DOM) and 45 Cumulative Days on Market (CDOM)

The Cupertino of Santa Clara County June 2007 reported 34 closed Single-Family Homes sales receiving 101.25% of list price. These closings represented a median price of $1,205,500 and an average price of $1,293.397. There were 53 new listings on the market.

Cupertino Condo/Townhouses had 22 closed sales receiving 100.98% of list price! These closings represented a median price of $683,500 and an average price of $702,663. There were 19 new listings for the month of June.

It takes an average of 22 Days for a Cupertino Single-Family Homes on Market (DOM) and 25 Cumulative Days on Market (CDOM). The data is provided from Grace Keng of RE/MAX RES is a member of REInfoLink, (Santa Clara County Multiple Listing Service which maintains real estate transactions statistics of northern California).

The Santa Clara County June 2007 Sales Reported for 982 closed sales of single family homes receiving 99.29% of list price. These closings represented a median price of $1,066,610. There were also 1996 new listings reported.

Santa Clara County Condo/Townhouses had 418 closed sales receiving 98.14% of list price! These closings represented a median price of $574,291 and a median price of $865,000. There were 19 new listings for the month of June.

It takes an average of 36 Days for a Santa Clara County Single-Family Homes on Market (DOM) and 45 Cumulative Days on Market (CDOM).

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Here I will focus on some higher end of evergreen hill homes with views. There are 24 homes for sale in the price of 842K to 1.50 Millions.

1). The lower end 824K to 1 Millions group:

There are five homes for sale ranged from 3 to 29 years old with inside 1968 to 2234 sf and outside 4000 to 8000 sf. The one property is 2686 Keppler Dr San Jose. The asking price is $824,000 which is 26 years old with 4 bd/2.5 ba; 2105sf lot and 6,534 SqFt. It is an older home and near Quimby Rd.

2). From 1 Million to 1.25 Million group: There are ten homes for sale ranged from age are 3-5 years old with inside 1919 to 3188 sf and outside 6534 to 9000 sf.

The property represents this group is 1674 Heritage Bay Pl San Jose, CA which has 5 bedroom 4 baths, 2 car garage ,3188 sf inside and outside less then 4500 sf. It is located at the ranch which has a golf course. There are estates scattered among the beautiful foothill with orchards.

3). From 1.25 Millions to 1.50 Millions group: There are 9 homes for sale ranged are 3 to 5 bedrooms with 2 to 4 baths from the age of 1 to 10 years old from 2413 to 3920 sf with the lot of 6098 to over 10,000 sf.

The property represent this group is 3344 Moncucco Way San Jose, CA5 bedrooms 4 ba, 3518 sf and lot 6680 sf and 3 years old Mediterranean style home which is Citation Picasso model extremly with extremely open space ande specetacular views of the bay and city lights see virtual tour

This community are alot of newer Citation homes with large open space and private lake with willow trees around.San Joses Evergreen Valley is a well rounded community. This community features stores, businesses and recreational centers mixed in real nicely with the houses. There are everal parks scattered through out Evergreen provide outdoor and indoor activities. The Evergreen Valley College also provides educational and recreational classes and activities. The home owners enjoy the various parks, colleges and resources throughout the San Jose area such as San Jose State University, the HP Pavilion and Martin Luther King Jr. Library.