Market Stats For the week of 11/29/08
Tuesday, December 2, 2008
Here are the numbers for the week ending 11/29/08.
The following is considered the rule of thumb:
The following is considered the rule of thumb:
Buyers market if: Less than 25% of the houses in inventory are in Escrow
Sellers market if: 25% or more of the houses in inventory are in Escrow
Class 1= Single Family Homes Only as of 11/29/08:
Zone % of listings in escrow Active # of Listings
1 South County 25.3% 634
2 Santa Teresa 34.8% 101
3 Evergreen 32.4% 376
4 East Valley 33.8% 636
5 North Valley 32.3% 237
6 Milpitas 34.2% 121
8 Santa Clara 26.7% 187
9 Downtown 29.0% 262
10 Willow Glen 15.2% 245
11 South San Jose 30.3% 372
12 Blossom 31.5% 224
13 Almaden 18.3% 094
14 Cambrian 26.5% 177
15 Campbell 22.7% 167
16 Los Gatos 13.8% 188
17 Saratoga 6.4% 131
18 Cupertino 20.4% 117
19 Sunnyvale 23.9% 150
INVENTORY CHANGE
FOR THE FOURTH QUARTER OF 2008
(AREAS 1 through 23, that is: Gilroy through Sunnyvale)
Class 1 Properties:
|
Date
|
Active
|
Active Percent Change from Previous Week
|
Pending
|
Pending Percent Change from Previous Week
|
|
9/27/08
|
4804
|
|
1893
|
|
|
10/4/08
|
4704
|
Down 2.1%
|
1851
|
Down 2.2%
|
|
10/11/08
|
4775
|
Up 1.5%
|
1813
|
Down 2.1%
|
|
10/18/08
|
4737
|
Down 0.8%
|
1814
|
Almost the same
|
|
10/25/08
|
4770
|
Up 0.7%
|
1792
|
Down 1.2%
|
|
11/2/08
|
4702
|
Down 1.4%
|
1718
|
Down 4.1%
|
|
11/8/08
|
4669
|
Down 0.7%
|
1683
|
Down 2.0%
|
|
11/15/08
|
4606
|
Down 1.3%
|
1714
|
Up 1.8%
|
|
11/22/08
|
4527
|
Down 1.7%
|
1717
|
Up 0.2%
|
|
11/29/08
|
4455
|
Down 1.6%
|
1674
|
Down 2.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Change from 9/27/08 to 11/29/08:
|
|
Active:
|
Down 7.3%
|
Pending:
|
Down 11.6%
|
________________________________________________________________________
Class 2 Properties:
|
Date
|
Active
|
Active Percent Change from Previous Week
|
Pending
|
Pending Percent Change from Previous Week
|
|
9/27/08
|
1526
|
|
587
|
|
|
10/4/08
|
1510
|
Down 1.0%
|
559
|
Down 4.8%
|
|
10/11/08
|
1531
|
Up 1.4%
|
550
|
Down 1.6%
|
|
10/18/08
|
1531
|
No Change
|
534
|
Down 2.9%
|
|
10/25/08
|
1530
|
Almost the same
|
508
|
Down 4.9%
|
|
11/2/08
|
1488
|
Down 2.7%
|
499
|
Down 1.8%
|
|
11/8/08
|
1499
|
Up 0.7%
|
489
|
Down 2.0%
|
|
11/15/08
|
1489
|
Down 0.7%
|
493
|
Up 0.8%
|
|
11/22/08
|
1473
|
Down 1.1%
|
481
|
Down 2.4%
|
|
11/29/08
|
1457
|
Down 1.1%
|
479
|
Down 0.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Change from 9/27/08 to 11/29/08
|
|
Active:
|
Down 4.5%
|
Pending:
|
Down 18.4%
|
