It’s summer time and there are a lot of other things people would rather be doing than looking at homes. Hence the Summer market lul has commenced. Less listings than spring and less buyer’s than spring, overall less transactions. Which makes it even more challenging in this tight market of ours.
As for Santa Clara real estate we have seen prices climb since the beginning of this year close to 10%. Since interest rates climbed the market has remained steady with no drops yet. There has been a noticeable drop in offers, but could easily be attributed to higher prices too.
Here is a current snapshot of Santa Clara Real Estate Values as they stand for the Summer of 2013.