Silicon Valley’s Real Estate Market vs. Texas

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My new husband hails from Texas and when asked where he is from (even though he has been gone to over 20 years) he still says TEXAS!

Texans always like to push out their chests and state how “Texas is bigger” and my remark to that is “So is the Real Estate Inventory”. 

The Silicon Valley is lucky to have lots of homes selling in our area.  Right now there are 2,729 active listings, 1,774 pending listing in the last 30 days and 741 closed sales in the month of November.  The number of listings in the Santa Clara County compared to last year is down 46%.  Pending sales are up 40%. 

In our match up of the two contendors – We have in this corner – listings in Silicon Valley  (Santa Clara County) at 2,729  (population 1.76 million) compared to –

Houston – 17,267 (population 2.24 million )
Dallas – 6,591 (population 1.27 million)
San Antonio – 5,920 (population 1.35 million)
Austin – 5,920 (population 758,000)   I have to admit I do have a lot of attraction for Austin and their numbers are pretty good but NOT good enough be beat the inventory figures for our area! 

So the winner is the Silicon Valley!!!

Other hopefuls who did not even make the cut were –
Detroit: 4,292 listings
Miami: 15,542
Las Vegas: 18,409
Phoenix: 8,168
New York : 11,375

To make this fair all statistics were taken from www.realtor.com

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Blossom Valley is on Fire!

Is that possible?

There are currently 74 active listings in Blossom Valley ranging in price from $350,000-$925,000. The current median list price is $513,000. There are 78 pending sales in the last 30 days. List price range for pending sales is $329,900-$829,000. There were 73 closed sales in October.  Last year at this time there were 234 active listings (down to 1/3 of that figure now)!!  Also pending sales and closed sales are up 50%.

The condo/townhome market has 61 active listings. There are 60 pending sales in the last 30 days and 74 closed in October. Closed sales are up 50% over last year at this time. Last year there were also 179 listings (down to 1/3 of that figure)!!

It is so nice to see this area of the market improving so much!  Find out more statistics at RealtyTimes