Friday, December 10, 2010

Busy December

Looking around with buyers this December for anything good is a challenge....seems like good properties in the nice parts of San Jose are going pending mighty quickly....I have been saying since fall I think we are setting up for a very busy SPRING in Real Estate. In November it was reported santa clara county prices were up again, so we are seeing a slow but steady rise in prices recently:
http://www.prnewswire.com/news-releases/santa-clara-county-housing-sees-increase-in-average-sales-price-107081898.html
When consumers realize this they are eager to buy as they see the local market as coming off the bottom and rising. San Francisco home prices are going lower though.

http://www.bloomberg.com/news/2010-11-18/san-francisco-home-prices-fall-for-first-time-in-year-update2-.html

So from a consumer perspecitve Santa Clara county seems the more attractive option at this point!
We will get a big surge in the spring if the trend holds true. So do not not wait for the spring if you want to be ahead of the "pack"

Tom Merigan tmerigan@yahoo.com 408-559-1069 http://www.sanjoserealty.net

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