Average Selling Prices in Santa Clara County Hit Record Highs in March

News

Even though parts of the market are very soft, overall, the real estate market in Santa Clara is alive and kicking. Reports for the month of March are out, and the average home price for this month of $1,055,192 reflected an increase of 9.2% month to month and is up 11.9% from March 2006.

Home sales were up 35.2% from February, and average days on the market for single family homes fell to 57, which is a reduction of 14 days.

We are now into Spring market conditions – and see every indication that this trend will continue, at least for the “hot” market areas with good school districts.