Santa Clara Real Estate is HOT! like me today!
Sunday, May 17, 2009
Wow, it’s 98 degrees out! The number of sales for the month of April for Santa Clara County are also hot and very encouraging. It is obvious our market is stabilizing, finally! Or is it? Could this just be a spike that will pop this little bubble?
If I were a gambling man, I would bet that the heat today might keep (some) buyers away. Nah! Didn’t apply yesterday.
Yesterday, Saturday, there were so many agents and clients showing/viewing property that parking in front of many listings was hard to find. Several new home listings, a few my clients found worth pursuing, were already looking at multiple offers.
The average days on market for the County was down by almost 30 days. We were looking at 125+days and now we are seeing 108 days. The average sales/listing price percentage is up to 96% and has held consistently here for a couple of months now.
I wonder if I should buy that 30,000sq ft home now. It;s only $64mil. Maybe after Ice Cream!
