The Greater Silicon Valley Area Market Report August 2009
Source: MLSListings®

 

MLSListings® reports median single-family home price down -1.9% in August over July 2009, sales slip to 2,092.

 

August 2009 Quick Facts:

  • The median price of existing single-family homes decreased to $510,000 down -1.9% vs July 2009
  • Existing single-family home sales decreased -17.3% from July 2009 for an August total of 2,092
  • Condos increased to $349,444 up 2.8% vs July 2009
  • Existing condo sales decreased -11.3% in August over July 2009 for a total of 550
    Powered by Clarus MarketMetrics®

 

Single Family Median Home Price
August 08 vs. August 09
median price
Clarus MarketMetrics®
09/10/2009

Click to enlarge image

 

The Number of Sold Properties by Month
August 08 vs. August 09
sold properties
Clarus MarketMetrics®
09/10/2009

Click to enlarge image

August 2009 MLSListings® Regional Sales and Price Activity

 

Median Price

Percent Change in Price from Prior Month

Percent Change in Price from Prior Year

Total # Units

Percent Change in Sales from Prior Month

Percent Change in Sales from Prior Year

 

Aug-09

Jul-09

Aug-08

Aug-09

Jul-09

Aug-08

MLSListings Wide

 

 

 

 

 

 

Single Family

$510,000

-1.9%

-8.9%

2,092

-17.3%

-2.2%

Condo

$349,444

2.8%

-16.8%

550

-11.3%

12.0%

 

 

 

 

 

 

 

Region Counties

 

 

 

 

 

 

Single Family Only

 

 

 

 

 

 

Monterey

$235,000

4.4%

-21.7%

366

-10.1%

5.5%

San Benito

$272,500

14.5%

-12.8%

44

-20.0%

-35.3%

San Joaquin

$250,000

23.5%

16.3%

31

-8.8%

-63.1%

San Mateo

$676,250

-9.5%

-12.0%

371

-9.5%

-8.2%

Santa Cruz

$500,000

-7.0%

-13.6%

161

-17.0%

1.9%

 

 

 

 

 

 

 

Region Cities

 

 

 

 

 

 

Single Family Only

 

 

 

 

 

 

Campbell

$635,000

-5.2%

-20.1%

12

-47.8%

-40.0%

Carmel

$1,075,000

-2.3%

4.4%

18

20.0%

50.0%

Cupertino

$1,112,500

8.8%

-13.7%

32

-20.0%

-5.9%

Daly City

$540,250

7.0%

-4.4%

36

5.9%

0.0%

East Palo Alto

$230,000

-9.8%

-27.6%

17

0.0%

-29.2%

Fremont

$655,000

6.9%

0.8%

30

-21.1%

-14.3%

Gilroy

$380,000

2.7%

-10.6%

48

-34.3%

-9.4%

Greenfield

$150,000

-7.4%

-6.3%

17

-29.2%

-19.1%

Hayward

$235,000

-2.5%

-34.5%

21

61.5%

75.0%

Hollister

$265,000

11.3%

-16.5%

40

-27.3%

-37.5%

Los Altos

$1,667,500

13.9%

-12.8%

24

-29.4%

-7.7%

Los Gatos

$1,047,000

-6.9%

-16.2%

30

-11.8%

3.5%

Manteca

$160,000

-14.9%

-20.0%

2

0.0%

-66.7%

Menlo Park

$1,150,000

6.2%

-10.8%

21

-34.4%

0.0%

Milpitas

$500,000

-4.8%

-8.4%

27

-15.6%

-25.0%

Modesto

$93,500

 

 

4

 

 

Morgan Hill

$537,000

-5.2%

-32.9%

35

-23.9%

16.7%

Mountain View

$852,500

-4.0%

-7.3%

18

-47.1%

-28.0%

North Monterey County

$329,950

5.6%

-13.2%

26

-13.3%

52.9%

Pacifica

$527,000

-1.5%

-5.6%

25

-13.8%

19.1%

Palo Alto

$1,298,000

-1.9%

-12.6%

27

-38.6%

-3.6%

Redwood City

$675,000

-7.9%

-15.7%

51

21.4%

-13.6%

Salinas

$223,000

10.1%

-25.7%

84

-12.5%

-16.8%

Salinas - East

$159,000

0.6%

-10.9%

58

-23.7%

93.3%

San Bruno

$525,000

-12.9%

-12.4%

25

19.1%

-10.7%

San Carlos

$876,500

5.6%

-16.5%

24

4.4%

-22.6%

San Francisco

$610,000

-1.6%

-2.4%

11

-15.4%

-42.1%

San Jose

$480,000

-4.0%

-13.5%

581

-23.4%

10.0%

San Lorenzo Valley

$372,500

-0.9%

-5.7%

23

21.1%

76.9%

San Mateo

$768,000

-5.9%

-5.2%

49

-23.4%

0.0%

Santa Clara

$602,500

8.1%

-1.2%

48

-17.2%

11.6%

Santa Cruz

$569,320

-5.9%

-9.5%

42

-36.4%

2.4%

Saratoga

$1,352,500

-13.2%

-16.8%

31

14.8%

19.2%

Seaside

$280,000

-1.8%

-12.2%

21

-30.0%

-46.2%

Soledad

$136,500

-19.5%

-38.0%

20

11.1%

-9.1%

South San Francisco

$545,000

4.7%

-3.1%

28

-17.7%

-17.7%

Stockton

$135,750

102.6%

-4.0%

6

-33.3%

-83.3%

Sunnyvale

$757,500

-4.5%

-14.2%

64

-12.3%

18.5%

Tracy

$252,500

20.2%

5.2%

14

-6.7%

-54.8%

Watsonville

$278,000

9.0%

-16.6%

19

-32.1%

-20.8%

Single Family = Detached Single, Attached Single, Res Other
Condo = Condo, Townhouse, Common Interest Other
Reports generated from Clarus MarketMetrics®

Contact your REALTOR® for additional local market trends in your neighborhood. Reports were generated from Clarus MarketMetrics®. Clarus MarketMetrics® is available on a monthly or annual subscription basis to MLSListings® members. To register for an account, visit www.clarusresource.com/mm. It is also provided as a member benefit to those REALTORS® who belong to Santa Clara, Santa Cruz, Silicon Valley, San Mateo, Monterey and San Benito associations of REALTORS®. Visit your local association site for registration information.

Launched in 2007, MLSListings® is designed to more effectively meet the current and future MLS needs of the region’s real estate professionals. Representing nearly 20,000 MLS subscribers, MLSListings® is governed by the brokerage community, and owned by Santa Clara, Santa Cruz, Silicon Valley, San Mateo, Monterey, Watsonville, San Benito and Central Valley associations of REALTORS®.

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