Tse Group publishes a newsletter full of housing statistics and analysis which I distribute when I doorknock in Saratoga. We of course have access to the data for all of the Bay Area and can provide information on market trends in all of the different localities. The May 2009 Tse Group Saratoga Newsletter demonstrates that between March '09 and April '09, the inventory of houses remained virtually the same as well as the number of closed sales. However, from March to April there was an increase in median price as well as the percentage of the list price received, which is a positive trend to watch as we head toward the strong Summer months.
Comparing April of this year to April '08, there is a marked increase in inventory as well as average days on the market for home sales. This of course has created a very strong buyer's market currently. Potential buyers have a multitude of homes to choose from, and are able to negotiate down from the list price when making an offer. For anyone looking to relocate to Saratoga (or just about anywhere in the area), now is a fantastic time to find a great deal. Median home prices in Santa Clara and San Mateo Counties are down approximately 30% from one year ago. Things seem to have bottomed out in January '09 and have since leveled off. This is a great time to act! Call or email for more information on the statistics if you do not already have your own hard copy of the Tse Group Newsletter.
(atse@interorealestate.com, (408)807-8808)
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