Blossom Valley sales are slowing down

2010 Blossom Trail Bike Ride

The action of reduced pending sales is adding greatly to the supply (the number of listings). Part of that may be a result of the tax credit expiring at the end of April.

There are currently 142 active listings in Blossom Valley ranging in price from $299,000-$995,000. The current median list price is $549,900. The active listings went up 26% in just 18 days. This is a huge jump.

There were 61 pending sales in the last 30 days. List price range for pending sales is $325,000-$699,500. The number of pending have dropped dramatically from last year and last month.

The closed sales thus far in June have been 50.

The condo/townhome market has 94 active listings. There are 72 pending sales in the last 30 days and 42 closed sales in June (as of 6/18).

As of June 18th, in the Santa Clara County the inventory for active listings of single family homes was 2841 and condo/townhomes is 1192. Totaling 4033 for both. This figure has increased 7% since 5/31.

The number of homes and townhome/condos that went into contract over the last 30 days was 1869 (single family – 1400, condo/townhome – 469). This figure has remained up over last month which is good.

The number of closed sales in May was 1619. So far in June it is 767 (as of 6/18).

For statistics for other Silicon Valley locations – http://realtytimes.com/rtmcrmember/patdulleck 

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