Silicon Valley Market Home Value Update - Santa Clara County

Single Family Residential Average Sales Price

WOW, Take a look at Gilroy as they've experienced a 40% drop in the average sale price in just 12 months. The chart below is using only the closed home sales in the month of August 2007 comparing to August 2008.

Some cities are still holding pretty strong on their real estate home prices, like Cupertino, Los Altos, Los Altos Hills, and Los Gatos. Although the City of Saratoga has great schools it appears to have lost some value based on this home sales comparision. Saratoga does have a large pricing diversity on homes currently listed as of today from a low of $799,900 to a high of $12,000,000.

I will be providing additional market information on a regular basis so, please let me know what market information you would like to see next.

Your Silicon Valley & Sunnyvale Real Estate Professional
Mark Thomason
http://www.thomasonteam.com/
408.850.3085
RE/MAX Real Estate Services