Santa Clara County – Q4 2010 and annual Real Estate update

We proceeded through the last months of the 4th quarter 2010 with sales increasing even though generally it would have been a time of decreasing sales as we went into the holiday season. This was a good sign. A not-so-good sign was the increase in the days on market for both single family and condo/townhomes alike.

The median price range is an indicator of how many homes are selling in the different price ranges. The lower median price indicates more inexpensive homes were sold.

Year-over -year the sales for both groups held steady (see graph below).

The critical point right now is really the lending environment. How easy will it be for interested buyers to get loans?

What do you think 2011 will be like?

Pat Chadwell
Realty World – Residenial Specialists
www.patchadwell.com

Enhanced by Zemanta