Saratoga Real Estate Trends

Will the 2008 Saratoga resale housing market repeat the 2008 and see a spike in pending sales?  Early indications suggest yes.  Inventory is down from the previous year level.  Interest rates are low and should remain low based on the expectation that the Fed will further reduce their discount rate on January 29 by 1/4% to 1/2% in an effort to prevent a recession.

Here is a recap of Saratoga listings sold by year to put sales volumes in perspective:

2007   349
2006   327
2005   390
2004   418
2003   380
2002   315
2001   267
2000   438
1999   500
1998   397
1997   432
1996   428

Rick Bonetti – 408-857-8800

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