01 Apr 08 Santa Clara County Homes – Sales and Median Prices
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Santa Clara home sales and prices have seen a steady decline over the past year throughout the majority of its cities. While many cities have experienced a significant decline of up to 33 percent in prices and many saw over 50 percent drop in sales; there are several areas, within multiple cities, that had an increase in home values.
Santa Clara resale home prices fell 4.7 percent to $714,500 and sales decreased 44.6 percent. Condominiums in Santa Clara also decreased in price by 4.0 percent to a median price of $480,000; while condo sales are down 54.1 percent over the past year. New homes in Santa Clara gained value and their median price grew 9.8 percent to $733,750. Unfortunately, Santa Clara new home sales declined just over 40.3 percent. Overall, home values are reported to have fallen 5.2 percent and home sales in general dropped 46.1 percent.
This information is gathered from Mercury News, Santa Clara. To see more in-depth information on home sales and median prices for each city in Santa Clara click here.
Tags: California Real Estate, home prices, home sales, median home prices, santa clara county, santa clara homes for sale, santa clara real estate
