Re sales

Sales of single-family, re-sale homes in Santa Clara County rose 4.7% in June from the month before. Even better, the year-over-year difference, -5.4%, was the best since February 2007. Inventory dropped 3.6% from May, and is now up 14.4% year-over-year. Combine the rise in sales with the drop in inventory, and our Days of Inventory indicator shed 15 days to 166. That is its lowest level since July 2007. The median price was down 2.6% from May, and it was off 13.5% year-over-year. This is the fifth month in a row the median price has been lower than the year before. The average price didn't fare much better, dropping 13.6% from June 2007.The sales price to list price ratio fell 0.1 of a point to 98.4%. Days on market gained two days to 48. After rising four months in a row, condo sales fell 6.9% in June from May, and they were down 41.7% year-over-year. The median price for condos lost 9.2% from May, $456,250. This was off 15.4% compared to June 2007. The sales price to list price gained a full point to 98.7%. Days on market fell four to 46. The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, please call or e-mail me at dale@dalewarfel.com.HUGE PRICE REDUCTION!Willow Glen Single Family Home2622 Meridian Ave., San Jose3 Bedrooms/2 Bathrooms/Approx. 1,296 Sq.Ft.

This wonderful home features remodeled baths with new fixtures,tile floors and custom tile surrounds in the tub and shower enclosures. Gleaming hardwood floors adorn the living room and hallway. Dual pane windows and a newer central heating system. The kitchen could use some updating, but offers plenty of counter space and storage, especially with the pantry. This home is priced to sell. Did I mention copper plumbing?? The price of this home has been reduced to $539,000. Click here for more details.

PENDING SALE!Sunnyvale Condo905 Sunrose Terrace #104, Sunnyvale2 Bedrooms/2 Bathrooms/Approx. 1,086 Sq.Ft.This gorgeous, 14 year old home is in a prime Sunnyvale location, has been updated throughout, and offers a tranquil respite from the daily grind with golf course views! The functional kitchen features granite counters and stainless appliances. 9' ceilings with recessed lighting, and an open floor plan offer a feeling of spaciousness you would expect in a larger home. The beautiful living room fireplace is accented with a marble surround. The stylish custom plantation shutters dress up the windows beautifully. This home must been seen to be fully appreciated. Click here for more details.