Saratoga real estate continued to have strong sales activity in August 2009 and during the first half of September. There have been 17 new sales since the end of August. At mid-month September, Saratoga has 39 pending sales and the detached inventory available for sale had dropped to 128 homes. Unfortunately about 1/3 of Saratoga pending sales are short sales so this is negatively effecting market values. Click here for more detail.
There continues to be good news about the economy in Silicon Valley, with the Mercury News reporting that the housing market is improving.
Rick Bonetti | Alain Pinel Realtors | 408-857-8800 | DRE #01237009
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