2009 Housing Trends for Los Altos & nearby cities
Filed under Blog · Tagged: Closed Transactions, Current Market, Housing, Inventory, Pending Sales
As we examine the most recent statistics regarding year-over-year trends, the market is beginning to strike a decent balance, at least for May 2009. There are opportunities still out there for buyers, and yet properties are selling at a good clip for the sellers that are not unrealistic about pricing. In short, we have a good equilibrium occurring, without a clear advantage for either buyers and or sellers in the current overall environment.
Below, we have included four charts that highlight: 1) Recent Inventory; 2) Pending Sales; 3) Closed Transactions for May; and finally, 4) A comparison of year-to-date, through May 2009, of homes that have closed escrow.
As of May 2009, overall Closings were up 25% and Sales were up 70% for the west side of Santa Clara County compared to May of 2008. After a slow start to the New Year, Los Altos continues to see a ramping up of homes going into contract; however, we remain roughly 50% behind our 2008 YTD volume. The good news is that we have sufficient inventory of available homes, as we head into the summer months.
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Moving into Los Altos? We can help! We have lived in Los Altos for the past 35 years and love helping people buy and sell homes in this great city! We bring experience, knowledge, skills and professionalism to each of our client relationships. Our clients will agree they would not have had the same positive experience, at each step of the way, if they had not had us represent them.
David Casas Cell: 650-823-8920 or Email
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Carol Casas Cell: 650-823-1434 or Email
(DRE#01123855)
