Santa Clara County Real Estate Activity in July 2011 vs. July 2010

Santa Clara County Real Estate Activity in July 2011 vs. July 2010*

It seems that every time I read an article on real estate activity this year it contradicts the article I read the day before.

So I wanted to see what the numbers say about Santa Clara County real estate activity in July. It felt like there was less inventory this July compared to July last year. It also feels like there were less short sales and bank owned properties on the market.

What is interesting is that the numbers do reflect that there was less inventory for both Single Family Homes and townhouse/condos. However the inventory of bank owned townhouses/condos has increased in July 2011 by 5%.

What did you noticing in the market this July? How does it compare to last July?
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1434 Single family homes were listed in July 2011 in Santa Clara County, of those 1434 homes,

• 121 homes (8%) were bank owned
• 271 homes (19%) were short sales

497 townhouse/condos were listed in July 2011 in Santa Clara County of those 497 townhouses/condos,

• 98 townhouse/condos (20%) were bank owned
• 138 (28%) townhouse/condos were short sales

How does that compare to July 2010?

1726 Single family homes were listed in July 2010 in Santa Clara County, of those 1726 homes,

• 160 homes (9%) were bank owned
• 375 homes (22%) were short sales

609 townhouse/condos were listed in July 2010 in Santa Clara County, of the 609 townhouse/condos listed,

• 94 townhouse/condos (15%) were bank owned
• 183 townhouse/condos (30%) were short sales

If I can answer any of your real estate questions please do not hesitate to ask.

Carla Dimond
Realtor-Lifestyle Neighborhood Specialist
Keller Williams Realty-Cupertino
Cell/Direct: (650) 388-8820
carla.dimond@gmail.com
www.findahomeinsiliconvalley.com
DRE # 01871201


*-Information from MLSListings, Inc, deemed reliable but not guaranteed