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

 

MLSListings® reports median single-family home price up 14.6% in June over May 2009, sales continue to climb to 2,533.

 

June 2009 Quick Facts:

  • The median price of existing single-family homes increased to $491,000 up 14.6% vs May 2009
  • Existing single-family home sales increased 17.1% from May 2009 for a June total of 2,533
  • Condos increased in price to $340,000 up 6.6% vs May 2009
  • Existing condo sales increased 18% in June over May 2009 for a total of 598
    Powered by Clarus MarketMetrics®

 

Single Family Median Home Price
June 08 vs. June 09
Clarus MarketMetrics®
07/22/2009

Click to enlarge image

 

The Number of Sold Properties by Month
June 08 vs. June 09
Clarus MarketMetrics®
07/22/2009

Click to enlarge image

June 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

 

Jun-09

May-09

Jun-08

Jun-09

May-09

Jun-08

MLS Wide

 

 

 

 

 

 

Single Family

$491,000

14.6%

-24.2%

2,533

17.1%

24.2%

Condo

$340,000

6.6%

-24.4%

598

18.0%

36.2%

 

 

 

 

 

 

 

Region Cities

 

 

 

 

 

 

Single Family Only

 

 

 

 

 

 

Belmont

$878,000

4.5%

0.5%

21

40.0%

5.0%

Burlingame

$1,412,500

15.3%

13.0%

18

28.6%

-14.3%

Campbell

$630,000

-11.1%

-19.2%

29

7.4%

38.1%

Cupertino

$1,111,000

4.6%

-7.6%

39

25.8%

0.0%

Daly City

$492,000

4.7%

-14.1%

43

16.2%

13.2%

East Palo Alto

$232,500

-2.1%

-23.3%

26

0.0%

100.0%

Foster City

$906,250

-2.3%

-27.5%

13

44.4%

18.2%

Fremont

$630,000

-13.1%

-2.0%

28

-15.2%

16.7%

Gilroy

$378,750

1.4%

-25.3%

60

-1.6%

-6.3%

Greenfield

$137,500

-5.8%

-45.0%

38

40.7%

123.5%

Hayward

$255,000

-14.9%

-25.9%

14

55.6%

75.0%

Hollister

$269,700

7.9%

-12.7%

46

-30.3%

0.0%

King City

$170,000

9.7%

-20.9%

15

-6.3%

1400.0%

Los Altos

$1,483,000

-1.1%

-9.6%

40

73.9%

14.3%

Los Gatos

$885,000

-2.8%

-34.0%

33

32.0%

-17.5%

Marina

$288,500

-22.5%

-34.1%

12

20.0%

33.3%

Menlo Park

$1,182,500

1.9%

-32.3%

48

60.0%

14.3%

Milpitas

$488,400

11.0%

-8.7%

30

-23.1%

30.4%

Monterey

$525,000

14.1%

-27.8%

9

50.0%

0.0%

Morgan Hill

$545,000

5.8%

-31.9%

50

38.9%

42.9%

Mountain View

$848,000

-4.7%

-10.8%

25

-19.4%

4.2%

Pacifica

$567,335

3.2%

-9.7%

24

9.1%

71.4%

Palo Alto

$1,400,000

-6.7%

-12.8%

45

7.1%

-15.1%

Redwood City

$835,000

10.6%

-4.6%

53

43.2%

-7.0%

Salinas

$190,000

0.7%

-42.1%

113

21.5%

43.0%

San Bruno

$540,000

2.4%

-10.8%

20

42.9%

-16.7%

San Carlos

$919,000

22.5%

-12.5%

26

52.9%

-10.3%

San Francisco

$496,500

-34.3%

-23.0%

16

23.1%

33.3%

San Jose

$450,000

10.4%

-25.0%

729

18.3%

47.9%

San Mateo

$882,500

18.5%

7.3%

50

19.1%

11.1%

Santa Clara

$592,500

6.8%

-20.3%

52

40.5%

-10.3%

Santa Cruz

$600,000

0.5%

-10.1%

71

108.8%

61.4%

Saratoga

$1,390,000

-8.3%

-16.8%

31

63.2%

72.2%

Scotts Valley

$900,000

35.3%

24.1%

7

-22.2%

-46.2%

Seaside

$250,000

-10.1%

-25.8%

16

-33.3%

-38.5%

Soledad

$151,000

-4.1%

-42.4%

35

2.9%

150.0%

South San Francisco

$510,000

3.6%

-11.3%

39

39.3%

85.7%

Stockton

$99,950

-32.0%

-48.2%

8

100.0%

-74.2%

Sunnyvale

$755,000

0.5%

-14.0%

63

80.0%

-8.7%

Tracy

$230,000

4.1%

-17.3%

17

-29.2%

6.3%

Watsonville

$248,516

-17.2%

-31.0%

23

-25.8%

-20.7%

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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