Saratoga Voice

Homes For Sale in Saratoga, CA 95070

Archive for November, 2007

Rick Bonetti Realtor Testimonial

Posted in November 29th, 2007
by Rick Bonetti in General

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Buyers Market vs. Sellers Market Trends

Posted in November 29th, 2007
by Rick Bonetti in Market Trends

Silicon Valley real estate is comprised of twenty four market areas. Based on an index of “pending sales” representing 25% or more of total inventory, here is a summary of whether each market area has a tendency to be more of a Buyers Market or Sellers Market:
1 Morgan Hill, San Martin, Gilroy – Buyers Market
2 [...]

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Saratoga Real Estate Weekly Update

Posted in November 26th, 2007
by Rick Bonetti in Market Trends

People were not toally consumed with turkey this past week, but interest shifted to modestly price land rather than houses.  There were 3 new sales (open escrows), all primarily for land value – including a probate land sale on Prospect, a 1/3 acre land sale on Pierce and a 1/4 acre property on Cox. 
Inventory is [...]

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Saratoga Weekly Single Family Recap

Posted in November 19th, 2007
by Rick Bonetti in General, Market Trends

This past week 7 homes were newly added to the market, but  2 were newly sold (pending) and 8 expired, cancelled or withdrawn dropping the available inventory down to 86 homes.  
The two properties sold (pending) were a $1.65 million property midway up Big Basin Way toward the Summit that was on the market for 406 days with [...]

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The Wrong View and the Long View

Posted in November 14th, 2007
by Rick Bonetti in Market Trends

People frequently ask me about foreclosures in Silicon Valley; If you pay attention to the media instead of understand the facts, you are likely to get the “wrong view”. The biggest increase in defaults in California is in the Central Valley and the Inland Empire (San Bernardino and Riverside counties) and Palmdale in Southern California.
Actually, [...]

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