San Jose Homes Market Comparison Report (march 2009 Vs. March 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of San Jose Homes Market comparing March 2009 to March 2010.

Summary of Key Points

San Jose Homes for Sale has shown great signs of improvement with median sales price climbing up while at the same time houses are selling faster.Sellers received 100% of asking price.

Key Statistics, San Jose, CA: Median Sales Price (39.05%), Median Days on Market (-52.91%), and Number of Units Sold (-43.63%), Sales Price to List Price Ratio (Mar 09 98% - Mar 10 100%)

San Jose Homes

The city of San Jose experienced a 39.05% increase in median sales price from last year going up from $397,476 (March 09) to $552,689 (March 2010). Median days on market data for San Jose show that houses are selling faster than March 09. It took 110 days in March 09 for a house to sell and for March 10 that number has gone down to 52 days (a 52.91% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 919 units were sold compared to 518 for March 10 (-43.63% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for San Jose. SP/LP ratio for March 09 was 98% compared to 100% for March 10.

Lets take a brief look at neighbors Los Gatos and Morgan Hill. Los Gatos Homes featured a 32.97% increase in median sales price ($938,911 March 09 - $1,248,427 March 10) and Morgan Hill Homes saw a 10.27% increase ($540,077 March 09 - $595,550 March 10). Are houses in Los Gatos and Morgan Hill selling faster or slower this year? Well, Los Gatos experienced a 17.86% decrease (71 to 58 days) in median days on market and Morgan Hill a 44.60% decrease (138 to 76 days). In the units sold category, Los Gatos sold 5 units more (21.74%) in March 2010 than 09 and Morgan Hill sold 24 units less (-54.55%) in March 2010 than March 09.

for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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