2012 U S Economic and Housing Market Outlook
Freddie Mac released its U.S. Economic and Housing Market Outlook for 2012: Outlook Highlights Economic growth will likely strengthen to about 2.5 percent in 2012. The U.S. unemployment rate will decline but likely remain above 8 percent. Mortgage rates will likely remain very low, at least through mid-2012. Housing activity will…
How’s The Saratoga Real Estate Market?
According to Altos Research’s Market Action Index, it has been a buyers market for Saratoga, CA real estate since fall 2007. From Alto’s August 1, 2001 report,”the Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. The market has been consistently cool…
Saratoga 2010 Real Estate Market In Review
Price Trends: Median prices in Saratoga, CA have fluctuated inversely with inventory – they reached a low after the recession in Spring 2009, recovered by January 2010; dropped again and are on the rise again. Buyers Market: As the chart above shows, according to Altos Research, Saratoga CA has been…
How’s The Saratoga Real Estate Market?
Currently, the median price of closed home is $1.87 million; while the median list price is $2.174 million. The Interactive Chart above for Saratoga, CA is updated weekly so SaratogaVoice can be your community resource to answer your question “How’s the real estate market?” The median price of homes for…
2011 Economic Forecast
Mid October, 2010 I was at the CAR Expo in Anaheim where Chief Economist Leslie Appleton-Young gave the California Association of Realtors 2011 Economic Forecast. Here are some highlights: The housing market next year in 2011 – will be driven by the slow pace of recovery in the economy and…
Santa Clara County 2010 Tax Roll Declined by 2.43%
Image via Wikipedia According to the Santa Clara Assessors Office 2010-2011 Annual Report , assessed value tax rolls in the County declined in 2010 by 2.43% – the first time since 1978, when proposition 13 was passed in California. This means city and county governments are tightening their belts to…
How’s The Real Estate Market?
Image via Wikipedia Recent media news reports trumpet that sales of existing homes plunged by 29 percent in July 2009. Is this the whole story… or is this the beginning of election year rhetoric? Further, do the national statistics have any bearing on how the real estate market is doing…
Strong Saratoga Sales in $2-3 million Price Band
Saratoga, CA has seen good real estate sales activity as well as new listings over the past 7 days: New listings: 10 List price decreases: 3 Pending contingent sales: 6 Sale pending: 4 Closed escrows: 2 Earlier, the mid-upper market priced from $2-3 million was slow, but this reversed this…
Foreclosures in Saratoga, CA
Foreclosure home are not a significant part of the real estate market in Saratoga, CA 95070. However, there are currently 2 REO (real estate owned) and 9 short sales properties available for sale on the multiple listing service. The low end of the distressed market in Silicon Valley has been…
Saratoga Housing Market Inventory Rises Seasonally as Sales Moderate
People always ask me “How’s the market?” and I usually respond that real estate is very micro-localized and varies with price range. With that qualifier, it is fair to generalize that the real estate market in Saratoga, CA 95070 has been somewhat cooler for several weeks as demand has waned…
Strong First Half 2010 Saratoga Home Sales
The first half of 2010 of home sales in Saratoga, CA 95070 highlighted by the following: There were 109 Single Family Homes that closed escrow that were listed on the multiple listing service. The highest price was $5 million and the lowest was $451,000 For more information call me. Related…
Strong May 2010 Home Sales in Saratoga Keeps Inventory Low
Inventory: Saratoga homes for sale remains low at 107 homes. New pending sales are offsetting new additions to available inventory. There are relatively few distressed properties listed for sale in Saratoga, CA, but there are more coming as owners face 5 year ARM call dates. New Pending Sales: May 2010…
First Quarter 2010 Silicon Valley Real Estate Results
Image via Wikipedia Saratoga – Home sales in Saratoga, CA during the first quarter of 2010 totaled 40 homes, almost double the volume during the first quarter of 2009! Prices were up 4% too, for an average of $1.898 million! Average days on the market dropped from 111 to 69…
Alain Pinel President’s Round Table
Image by rick.bonetti via Flickr This past Wednesday, I, along with business partner Moe Baniani and about 110 other Realtors and Managers had the honor of attending Alain Pinel Realtors President’s Round Table recognition event for the top 5% agents in the company. We traveled by coach to Meadowood Resort…
Cinnabar Winery Offers Summer Entertainment
Image of Cinnabar Winery via Snooth Cinnabar Winery Tasting Room is hosting live music every Friday evening this summer on the patio at 14612 Big Basin Way, Saratoga, CA 95070! Â Starting May 2010 they will be offering wine for sale by the glass for onsite consumption at the Cinnabar tasting…
