Would you like to know how your cities Real Estate values compare?
This includes the total number of homes, population and average value.

Well, here they are... City by City in the greater Silicon Valley Area:

SAN JOSE, CA Homes: 211,781 Pop: 915,872	Avg Value: $758,133
ATHERTON, CA Homes: 2,222 Pop: 7,155	Avg Value: $3,135,914
PORTOLA VALLEY, CA Homes: 2,264 Pop: 4,573	Avg Value: $2,165,531
STANFORD, CA Homes: 211 Pop: 13,767	Avg Value: $1,807,699
LOS ALTOS, CA Homes: 13,385 Pop: 27,362	Avg Value: $1,782,857
SARATOGA, CA Homes: 10,643 Pop: 29,551	Avg Value: $1,660,602
LOS GATOS, CA Homes: 12,090 Pop: 27,975	Avg Value: $1,410,350
MENLO PARK, CA Homes: 11,289 Pop: 29,963	Avg Value: $1,295,494
PALO ALTO, CA Homes: 20,945 Pop: 57,738	Avg Value: $1,245,005
CUPERTINO, CA Homes: 15,034 Pop: 51,435	Avg Value: $1,101,473
LOS GATOS, CA Homes: 1,644 Pop: 27,975	Avg Value: $1,050,673
MORGAN HILL, CA Homes: 10,522 Pop: 35,000	Avg Value: $864,067
MOUNTAIN VIEW, CA Homes: 15,263 Pop: 56,500	Avg Value: $849,625
SUNNYVALE, CA Homes: 26,353 Pop: 129,441	Avg Value: $836,168
CAMPBELL, CA Homes: 10,661 Pop: 37,733	Avg Value: $775,930
FREMONT, CA Homes: 54,234 Pop: 207,112	Avg Value: $769,998
MILPITAS, CA Homes: 14,382 Pop: 64,285	Avg Value: $718,730
SANTA CLARA, CA Homes: 23,292 Pop: 104,381	Avg Value: $717,011

We're in a Crazy Real Estate Market Once Again!

Sorry, I've been non-existent in my Blog postings lately due to some craziness in the Real Estate Market. My property listings have been flying off the market with multiple offers once again. I have heard of a few properties getting 20-30+ offers and selling for $100,000+ over the asking price. Just a few months ago the market was seemingly headed to a balanced market and the selling frenzy in once again upon us. If you're selling your home this year, I would seriously consider getting it on the market NOW! That said, it's still very important not to over price your home, even in a hot market.

On the Buyer's side of the market it's not a pretty picture...For one client I've been involved in six offers for properties in the last four weeks and final got them into contract on the property they liked best. Offers over asking price and zero Contingencies are becoming a norm in this market. This is a HUGE problem for the buyer's as they have NO WAY to back out of the contract after an offer is accepted. As a buyer you really need an experienced Realtor that can expose most if not all issues prior to that offer acceptance date. Another suggestion in this type of market is to arrange a meeting with the seller's and their agent to review the disclosures, ask many questions, and get that feeling of comfort with your offer price.

Feel free to contact me for any real estate related questions...

Mark Thomason 408.850.3085