Nov
26
California Foreclosure
Filed Under General, Home Buyers, Home Sellers
California Foreclosure
California Foreclosure Law
Civil Code 2924
Foreclosure Process California
Generally speaking, a lender would prefer to receive payments than receive a home due to foreclosure. Lenders will often accommodate home owners who are having difficulty making payments. The best course of action is to call the lender before missing payments. Lenders may restructure the loan or make alternative payment arrangements.
If a homeowner misses payments and does not contact the lender to make alternative arrangements or restructure the loan, the lender may begin the foreclosure process. The lender files a Notice of Default with the County Recorder’s Office. A copy of the notice is mailed to the property owner.
If a default is caused by a balloon payment not being made when due, then the lender can require payment in full on the entire outstanding loan as the only remedy to cure the default. If the default is not cured, the lender may direct the trustee to sell the property at a public sale.
Public Sale: A Notice of Sale must be published in a local newspaper and posted in a public place (typically the courthouse) for three consecutive weeks. Once the notice of sale has been recorded, the property owner has until 5 days prior to the published sale date to bring the loan current.
If the default is cured by the owner the deed of trust is reinstated and regularly monthly payments resume. It may still be possible for the property owner to work out a postponement on the sale with the lender.
If a postponement is not reached, then the property goes “on the block.” When properties are sold “on the block” at a trustee’s sale, buyers must pay the amount of their bid in cash, cashier’s check, or other instrument acceptable to the trustee.
Caveat Emptor – Buyer Beware: There is a high probability that foreclosed properties may carry the burden of overdue taxes, liens and clouds on title. Be sure to investigate possible outstanding liens and encumbrances prior to submitting a bid at a pubic sale. It is possible that title insurance may not be available following a foreclosure sale or exceptions may be included in a title insurance policy of a foreclosed property.
Call today for more information about buying an REO property! 1-800-972-1822.
Foreclosure Search Free
REO Sale
Foreclosure Timeline
Silicon Valley Real Estate
Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert
Copyright © 2008, All Rights Reserved by Kathleen Daniels *California Foreclosure Law ~ Foreclosure Process*
Nov
23
California Foreclosure
Filed Under General, Home Buyers, Home Sellers
California Foreclosure Law
Civil Code 2924
Foreclosure Timeline
• Record Notice of Default – Day 1
• Mail Notice of Default – Within 10 business days of recording Notice of Default
Post, publish or serve Notice of Default, when necessary
• Mail Notice of Default – Within one month of recording Notice of Default
• Set Sale Date – After three months of recording Notice of Default
• Send Notice of Sale to IRS, when necessary – 25 days before sale date
• Publish Notice of Sale - 20 days before sale date
• Post Notice of Sale - 20 days before sale date
• Mail Notice of Sale - 20 days before sale date
• Request for directions to property sent to requesting bidders – within 10 days from 1st
• Record Notice of Sale – 14 days before sale date
• Trustee cannot sell for 7 days after expiration of court order – 7 days before sale date
• Right to reinstate – 5 business days before sale date
• Property sold at Sale – Sale date
Property that fails to be sold at a Trustee Sale goes back to the bank and becomes REO – Bank-Owned. All liens against the property or any unpaid taxes or fees are settled once a property becomes an REO.
Call today for more information about buying an REO property! 1-800-972-1822.
If you are looking for bank owned homes then you definitely want to register for Home Buyers Scouting Report, the #1 home search tool in America providing access to ALL listings not just REO properties.
Silicon Valley Real Estate
Foreclosure search free
REO Sale
Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert
Copyright © 2008, All Rights Reserved by Kathleen Daniels *California Foreclosure Law ~ Foreclosure Timeline*
Nov
19
Foreclosure Search Free
Filed Under General, Home Buyers, Home Sellers
Silicon Valley Real Estate and Bank-Owned REO’s
REO stands for Real Estate Owned and it refers to a property that has gone back to the bank, or the mortgage company, after an unsuccessful foreclosure auction. There are certain advantages to purchasing an REO property. Unlike foreclosures, the property can be inspected prior to the purchase and you can buy on your own schedule. A foreclosed property can be in a deplorable condition however a bank-owned property is typically restored to a salable condition. Appliances are often included with an REO property. All liens against the property or any unpaid taxes or fees are settled once a property becomes an REO.
Before an offer is submitted on an REO property, there are some questions you definitely will want answered. For example: How did the REO property get to where it is? Was it as simple as the previous owners were in over their head or is something wrong with the property? Are there any inspection reports? Is the bank willing to make any repairs?
When it comes time to submit an offer, an REO home buyer wants to keep it simple and reasonable. An appraisal is required by the lender. REOs are generally sold “as is” but an offer should include an inspection contingency period. This allows an REO home buyer to terminate the sale if unforeseen problems are reveled during an inspection.
Are you interested in REO properties or do you know someone who is? We have considerable experience in the REO property marketplace. We see the entire picture and place our focus on the details that are necessary to assist a REO home buyer in placing an offer on an REO property. Some things we specialize include:
• Assessing the properties condition in order to be financed
• Determining the value of the property to be able to meet the lenders guidelines
• Articulating concessions that might be paid on behalf of the borrower
Call today for more information about buying an REO property!
1-800-972-1822.
Visit Silicon Valley Real Estate and register for Home Buyers Scouting Report, the #1 home search tool in America providing access to ALL listings not just REO properties.
Offered by Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert
Foreclosure-Bank Owned Homes-REO Homes
Nov
16
Cupertino Real Estate
Cupertino Closed Sales Reported in September 2008
Cupertino 95014
Property Type: Single Family Homes ~ Cupertino Real Estate
There were 22 single family homes reported sold in Cupertino during the month of September 2008.
Current Inventory in the month of September 2008 = 77
The Average Price was $1,135,954
The Median Sales Price was $1,112,500
The Average Days of Market (DOM) was 32
% LP Received = 97.90%
There were 34 new listings reported in Cupertino, California in September 2008.
Property Type: Condos / Townhomes ~ Cupertino Real Estate
There were 6 condos / townhomes reported sold in Cupertino during the month of September 2008.
Current Inventory in the month of September 2008 = 24
The Average Price was $686,833
The Median Sales Price was $679,000
The Average Days on Market (DOM) was 42
% LP Received = 98.26%
There were 15 new listings reported in Cupertino, California in September 2008.
Definitions:
Current Inventory = represents the total number of properties with status 1, 2, and 3. Status 1 is active; Status 2 is pending with release; and Status 3 is pending without release.
Average Price = the sum of the sales prices divided by the number of sales.
Median Sales Price = is the sales price of the property that falls in the middle of all the sold properties.
Average DOM = the sum of the number of days on market for sold properties divided by the count of sold properties.
New Listings = the number of listings with a list date within the month being reported.
% LP Received = the sum of the sold prices divided by the sum of the list prices multiplied by 100.
Kathleen Daniels is a Silicon Valley Real Estate Agent serving the needs of home buyers and home sellers in Cupertino and Silicon Valley
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Cupertino Real Estate Closed Sales in September 2008*
Nov
12
San Jose Listings
Filed Under Home Buyers, Market Trends
San Jose Listings
Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007
Valley MLS, San Jose Ca homes
Blossom Valley
95123
95136
There were 229 single family home listings active in the week ending November 8, 2008 compared to 284 single family home listings active in week ending November 10, 2007. Of the 229 single family home active listings there were 96 short sales, 34 bank owned reo and 99 traditional listings.
There were 179 San Jose condos and San Jose Townhomes listed active compared to 233 in 2007. Of the 179 San Jose condos and San Jose Townhomes there were 81 short sales, 47 bank owned reo and 51 traditional listings.
Visit Silicon Valley Real Estate and register for Home Buyers Scouting Report, the #1 home search tool in America providing access to ALL listings not just short sales and bank owned reo properties.
Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert
Nov
9
San Jose Valley
Filed Under Market Trends
San Jose Valley
San Jose Real Estate
San Jose Home Sales Reported in September 2008
Property Type: Single Family Homes ~ San Jose Valley
There were 526 single family homes reported sold in San Jose Valley during the month of September 2008.
Current Inventory in the month of September 2008 = 3599
The average sales price was $559,531
The median sales price was $495,000
The average Days on Market (DOM) was 55
% LP Received = 98.15%
There were 1108 new listings reported in San Jose Valley in September 2008.
Property Type: Condos / Townhomes ~ San Jose Valley
There were 164 condos / townhomes reported sold in San Jose Valley during the month of September 2008.
Current Inventory in the month of September 2008 = 1316
The average sales price was $340,045
The median sales price was $325,000
The average Days on Market (DOM) was 61
% LP Received = 97.43%
There were 376 new listings reported in San Jose Valley in September 2008.
Definitions:
Current Inventory = represents the total number of properties with status 1, 2, and 3. Status 1 is active; Status 2 is pending with release; and Status 3 is pending without release.
Average Sales Price = the sum of the sales prices divided by the number of sales.
Median Sales Price = is the sales price of the property that falls in the middle of all the sold properties.
Average DOM = the sum of the number of days on market for sold properties divided by the count of sold properties.
New Listings = the number of listings with a list date within the month being reported.
Willow Glen 95125
Almaden Valley 95120
Blossom Valley 95136, 95123
Cambrian Park 95124, 95118
Santa Teresa, Silver Creek, Evergreen 95138
Kathleen Daniels is a Silicon Valley Real Estate Agent serving the needs of home buyers and home sellers in San Jose and Silicon Valley
Copyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Closed Sales in September 2008*
Nov
9
It’s another beautiful day in San Jose!
Filed Under General
Welcome to San Jose Real Estate Blog!
Nov
5
REO Sale ~ Indymac Bank Purchase Program
Filed Under General
REO Sale ~ Indymac Bank Purchase Program
Indymac Bank is providing financial assistance to an owner-occupied home buyer who purchases an Indymac Bank property. Because Prospect Mortgage is Indymac Bank’s National lender for REO purchases the financial assistance is available only if a REO home buyer uses Prospect Mortgage for an FHA or VA loan.
Indymac Bank will provide up to six (6) percent of the sales price to assist with reducing the interest rate and/or paying funds towards closing costs. For example, if a REO home buyer were to buy a $300,000 foreclosure, the REO home buyer would receive up to $18,000 to either lower the interest rate significantly, pay closing costs, or a combination of both.
Contact Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert to set up an appointment to preview properties owned by Indymac Bank. Again, Prospect Mortgage must provide the loan and it must be an owner occupied FHA or VA loan. 1-800-972-1822
Nov
2
San Jose Ca ~ Downtown San Jose
Filed Under Local Events, San Jose Events
Downtown Ice
Downtown Ice is celebrating its 12th season!
November 14, 2008 – January 11, 2009
Location: Circle of Palms between the San Jose Museum of Art and the Fairmont Hotel.
Produced by the San Jose Downtown Association, Downtown Ice is the South Bay’s largest seasonal outdoor skating rink. Downtown Ice is directly across Market Street from Plaza de Cesar Chavez. Join the downtown fun this holiday season.
San Jose Foreclosure Free Search
Oct
30
Blossom Valley ~ 95136
Filed Under General
Blossom Valley Home Sellers ~ Adding Value to your Blossom Valley Home ~ 95136
A stone patio makes an elegant addition to almost any outdoor Blossom Valley living space. With all the beauty of a well-manicured lawn, but without the maintenance, stone will typically outlast a wood deck.
A variety of flat stones will do. For example: smooth squares of slate and rough flags of limestone or brick. Keep in mind, stones must be able to withstand floor traffic and local climate.
This Old House landscaping contractor, Roger Cook favors 1 1/2 to 2 inch thick bluestone, which is tough weather resistance sandstone. “Setting a stone patio is similar to laying bathroom tile,” Roger says, “As with tile, you prepare a base level each piece to the next, and fill in the joints.” But while most tiles can be set with one hand, moving and laying a 2-inch thick, 100 pound of slab of stone takes some brawn and is best handled by two people. You only move them once, so set them straight and create a quilt cohesive look.
Adding a stone patio to your Blossom Valley 95136 home will undoubtedly increase the value of San Jose homes in Blossom Valley California.
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Blossom Valley ~ 95136*
Oct
24
Blossom Valley ~ 95136
Filed Under General
Blossom Valley Home Seller – Pricing Your Blossom Valley Home
The most common and the most critical mistake a Blossom Valley 95136 home seller can make when selling their home is pricing their Blossom Valley home incorrectly! Naturally, Blossom Valley 95136 home sellers want to see how much they can get for their home. It’s understandable that a Blossom Valley 95136 home seller would “hope” that a Blossom Valley 95136 home buyer would pay a higher price for their Blossom Valley home – even higher than the current Blossom Valley 95136 market value.
Many Blossom Valley home sellers think “Lets list high and see what happens.” Listing higher than current Blossom Valley 95136 market values typically will result in “low-ball” offers or no offers at all.
We are presently in a Blossom Valley 95136 buyer’s market where price is a key attraction for Blossom Valley home buyers. A professional Realtor representing a Blossom Valley home buyer will research properties that meet their client’s criteria and determine if a home is over-priced. If a Blossom Valley home is over-priced, it may be overlooked altogether and “what happens” is a missed opportunity to capture a qualified and motivated Blossom Valley home buyer.
Many agents will simply price a home at the price the seller wants just to get the listing! Evidence of this fact is clear – simply look at the number of over-priced Blossom Valley homes on the market today and the number of corresponding Blossom Valley 95136 price reductions.
When pricing your Blossom Valley home be sure to look at and understand the data. You have heard it before – facts don’t lie! A real estate professional has access to recently sold comparable Blossom Valley homes which, of course, is critical information necessary to properly price your Blossom Valley home. Failing to accept or believe the data and see the market trends will undoubtedly cost a home seller thousands of dollars.
If you are confused about what your Blossom Valley home is worth request a market analysis from a San Jose ~ Blossom Valley real estate market specialist. Choose an expert who uses statistical facts and data to price your Blossom Valley home. If you truly want to sell your Blossom Valley home then you definitely want to price it right and hire a market specialist whose market knowledge and experience will hit the pricing target right on the money – YOUR money!
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Blossom Valley ~ 95136*
Oct
17
Half Moon Bay Pumpkin Festival
Filed Under Local Events
A tradition shared by San Jose and Silicon Valley residents - The Half Moon Bay Pumpkin Festival is this weekend!
Rustic Pumpkin patches, harvest inspired arts and crafts, entertainment contests and an atmosphere of total October Fun!
Saturday ~ Oct 18, 2008 and Sunday ~ October 19, 2008
9am - 5pm
Plan to get their early and avoid the traffic on Highway 92!
San Jose ~ Silicon Valley Real Estate
Oct
10
Foreclosure-Bank Owned Homes-REO Homes
Filed Under General
Foreclosure-Bank Owned Homes-REO Homes
FREE Foreclosure-Bank Owned Homes-REO Homes List
Search Foreclosure-Bank Owned Homes-REO Homes
Millions of listings for sale from thousands of real estate companies. Private and password protected Nationwide MLS search!
Get sold home information plus millions of listings for sale from thousands of real estate companies. MLS search in all 50 states.
San Jose California Homes - register to view sold listings in your area. View Maps, School Info and more!
San Jose ~ Silicon Valley Real Estate
Foreclosure-Bank Owned Homes-REO Homes
Oct
3
San Jose ~ Paws in the Park
Filed Under Local Events
San Jose Dog Lovers – learn about fun activities you can do with your dog. The Humane Society of Silicon Valley is the host of Paws in the Park. This is a free series of San Jose events for pets and pet lovers. You will see inspiring demonstrations and learn about agility, obedience and even dog dancing! You can ask a trainer and dog behaviorist questions and get great pet information.
Molly is the newest adopted member of our family. Molly was abused and abandoned by her former owners.
Paws in the Park takes place at Santana Row ~ Winchester and Stevens Creek on Saturday ~ October 4, 2008 from 12pm to 4pm at Park Valencia by Maggiano’s.
For more info contact the Santana Row Concierges at 408.551.4611
Kathleen Daniels is a San Jose Real Estate Broker Realtor® serving the needs of home buyers and home sellers in San Jose California ~ Silicon Valley California.
Kathleen Daniels is a proud supporter of the Humane Society of Silicon Valley.
Other fun events happening in San Jose this weekend San Jose Rock ‘n’ Roll Marathon and San Jose Comedy at the Improv.
Copyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose ~ Paws in the Park*
Oct
1
95118 Cambrian Park Home Sales
Filed Under Market Trends
Reporting 95118 Cambrian Park resale single family residences and condos as well as new Cambrian Park 95118 homes sold by zip code 95118 in August 2008.
% Change is from the same month last year at the Median Price. Cambrian Park home sales include all attached and detached Cambrian Park homes, both new and resale, including FSBO, family transfer and out of area sales. Price per Square Foot pertains only to single family resale.
The information is gathered from public records at county recorders offices where documents are filed after the close of escrow.
Cambrian Park
Zip: 95118
Sales: 35
% Change: -7.9%
Med. $: $550,500
% Change: -20.3%
High $: $912,500
$/Sq. Ft. $418
% Change: -13.2%
Receive a free monthly Cambrian Park Market Trends Report
Cambrian Park home search MLS
Kathleen Daniels is a Cambrian Park Real Estate Broker Realtor® serving the needs of home buyers and home sellers in Cambrian Park California ~ Silicon Valley ~ Santa Clara County California.
1.800.972.1822 ~ Call today for a no obligation market home value analysis!
Copyright © 2008, All Rights Reserved by Kathleen Daniels *95118 Cambrian Park Home Sales*
Oct
1
95123 Blossom Valley Home Sales
Filed Under Market Trends
95123 Blossom Valley Home Sales
Reporting 95123 Blossom Valley resale single family residences and condos as well as new Blossom Valley 95123 homes sold by zip code 95123 in August 2008.
% Change is from the same month last year at the Median Price. Blossom Valley home sales include all attached and detached Blossom Valley homes, both new and resale, including FSBO, family transfer and out of area sales. Price per Square Foot pertains only to single family resale.
The information is gathered from public records at county recorders offices where documents are filed after the close of escrow.
Blossom Valley
Zip: 95123
Sales: 63
% Change: 0.0%
Med. $: $510,000
% Change: -16.7%
High $: $940,000
$/Sq. Ft. $359
% Change: -17.7%
95136 Blossom Valley
Receive a free monthly Blossom Valley Market Trends Report
Blossom Valley Home search mls
Kathleen Daniels is a Blossom Valley Real Estate Broker Realtor® serving the needs of home buyers and home sellers in Blossom Valley California ~ Silicon Valley ~ Santa Clara County California.
1.800.972.1822 ~ Call today for no obligation ~ market home value analysis!
Copyright © 2008, All Rights Reserved by Kathleen Daniels *95123 Blossom Valley Home Sales*
Oct
1
95125 Willow Glen Home Sales
Filed Under Market Trends
95125 Willow Glen Home Sales ~ August 2008
Reporting 95125 Willow Glen resale single family residences and condos as well as new Willow Glen 95125 homes sold by zip code 95125 in August 2008.
% Change is from the same month last year at the Median Price. Willow Glen California home sales include all attached and detached Willow Glen Ca homes, both new and resale, including FSBO, family transfer and out of area sales. Price per Square Foot pertains only to single family resale.
The information is gathered from public records at county recorders offices where documents are filed after the close of escrow.
Willow Glen
Zip: 95125
Sales: 49
% Change: -18.3%
Med. $: $675,000
% Change: -15.5%
High $: $1,757,000
$/Sq. Ft. $486
% Change: -4.4%
Receive a free monthly Willow Glen Market Trends Report
Willow Glen homes for sale ~ Search the Willow Glen Ca MLS
Kathleen Daniels is a Willow Glen Real Estate Broker Realtor® serving the needs of home buyers and home sellers in Willow Glen California ~ Silicon Valley ~ Santa Clara County California.
Willow Glen Real Estate
1.800.972.1822 ~ Call today for no obligation ~ market home value analysis!
San Jose Real Estate
Copyright © 2008, All Rights Reserved by Kathleen Daniels *95125 Home Sales in August 2008*
Sep
26
Santa Clara County property taxes
Filed Under General
Are you eligible for temporary property tax relief? You may be under Proposition 8.
What is Proposition 8?
When the fair market value of real estate home is lower than the assessed value – Proposition 8 allows the Santa Clara County Assessor to temporarily reduce the assessed value of real property.
How does Proposition 8 work?
Proposition 8 serves as a form of temporary assessment relief. When the assessed value of a property exceeds the current market value a Proposition 8 reduction may be applied.
For example: If you bought a home several years ago for $700,000 the purchase price became the fair market value as determined by the Assessor. That means the base year value of the property is set at $700,000. The market continues to be strong and during the first year the value of your home increased by 12% - it is now worth $784,000. The market value increased by 12% however the factored base year value can only increase by 2% because Proposition 13 sets limits on the base year value. The Assessor compares the factored base year value with the market value and enrolls the smaller of the two values. The assessed value of your $700,000 home becomes $714,000. The difference at the end of the first year between the assessed value and the market value is $70,000. Year over year the same maximum 2% increase in assessed value is applied by the Assessor.
Years later the market goes down. The market value of your home is now lower than the factored base year value. This is what many Santa Clara County homeowners experienced and the Assessor temporarily reduced the assessed value.
Using the example above – if the assessed value of your home is $714,000 and the market value is now $628,000 – the property receives a temporary reduction under Proposition 8 because the market value is less than the assessed value. The assessed value drops to $628,000.
Understanding the assessed value reductions are temporary means that when the market value of your home increases above the factored base year value the Assessor will return to the Prop. 13 factored base year value. If this happens you may see a higher than 2% increase in the assessed value.
Is the assessed value of your home more than the current market value?
If you think the assessed value of home is more than the current market value of your Santa Clara County home, then apply for temporary relief under Proposition 8. Submit a request for an assessment review to the Assessor’s Office no later than September 15th of the current assessment year.
According to the Santa Clara County Assessor’s Office “In 2008 the Assessor’s Office has proactively provided over 41,000 properties with temporary Proposition 8 reductions in assessed value.”
Request a complimentary no obligation home value analysis!
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Santa Clara County property taxes*
Santa Clara County property taxes ~ lower property tax
Sep
25
The Willow Glen Founder’s Day Parade will be held on Saturday ~ September 27, 2008. The parade will start at 10:30am at the corner of Lincoln & Coe Avenue in Willow Glen and proceed down Lincoln Avenue to Willow Street.
Many Willow Glen organizations and organizations from surrounding Willow Glen areas will participate in the Willow Glen Founder’s Day Parade. Willow Glen ~ past, present and future will be honored at the 2008 Willow Glen Founder’s Day Parade taking place downtown Willow Glen in San Jose California.
The 2008 Willow Glen Founder’s Day Parade will also kick the Annual Italian Family Festa which also takes place in Downtown Willow Glen.
Join many Santa Clara County residents and Willow Glen locals at the Willow Glen Founder’s Day Parade in Downtown Willow Glen on Saturday ~ 27 September 2008.
Willow Glen California is a great place to live and play.
Search the Willow Glen MLS
Receive a free monthly Willow Glen Market Trends Report
Kathleen Daniels is a Willow Glen Real Estate Broker Realtor® serving the needs of home buyers and home sellers Willow Glen California ~ Silicon Valley ~ Santa Clara County California.
Willow Glen California Real Estate
1.800.972.1822 ~ Call today for a free ~ no obligation ~ home value analysis!
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Willow Glen San Jose California, Willow Glen Founder’s Day Parade*
Sep
19
Campbell California Real Estate Market Reports
The City of Campbell is located in Silicon Valley ~ Santa Clara County ~ California.
Property Type: Single Family Homes ~ Campbell California
There were 29 single family homes reported sold in Campbell California during the month of August 2008 compared to 40 homes sold in Campbell during the month of July 2008.
The current inventory of homes in Campbell in August 2008 = 194
The current inventory in the month of July 2008 = 195
The average sales price was $749,982
The average sales price in July 2008 was $776,560
The median sales price in August 2008 was $770,000 as compared to $748,000 in July 2008
The average Days on Market (DOM) were 44 compared to 46 days in July 2008.
% LP Received = 97.09 compared to 98.41% in July 2008
There were 63 new listings reported in Campbell ~ Silicon Valley ~ California in August 2008.
In July 2008 there were 85 new listings reported in Campbell ~ California.
Property Type: Condos / Townhomes ~ Campbell California
There were 15 condos / townhomes reported sold in Campbell California during the month of August 2008 compared to 23 condos / townhomes sold in Campbell during July 2008.
The current inventory of condos and townhomes in the month of August 2008 = 136
The current inventory in the month of July 2008 = 124
The average sales price was $507,533
The average sales price in July 2008 was $502,128
The median sales prince was $510,000 as compared to $506,000 in July 2008.
The average Days on Market (DOM) were 42 compared to 85 days in July 2008.
% LP Received = 96.67% compared to 99.49% in July 2008
There were 44 new listings reported in Campbell ~ Silicon Valley ~ California in August 2008.
In July 2008 there were 43 new listings reported in Campbell ~ California.
Definitions:
Current Inventory = represents the total number of properties with status 1, 2, and 3.
Status 1 is active; Status 2 is pending with release; and Status 3 is pending without release.
Average Sales Price = the sum of the sales prices divided by the number of sales.
Median Sales Price = the sales price of the property that falls in the middle of all the sold properties.
Average DOM = the sum of the number of days on market for sold properties divided by the count of sold properties.
New Listings = the number of listings with a list date within the month being reported.
Receive a free monthly Campbell Market Trends Report
Search the Campbell MLS
Kathleen Daniels is a Silicon Valley Real Estate Broker Realtor® serving the needs of home buyers and home sellers in Campbell California ~ Silicon Valley ~ Santa Clara County.
Campbell California Real Estate
1.800.972.1822 ~ Call today for a free ~ no obligation home value!
Intero Real Estate Campbell California
Copyright © 2008, All Rights Reserved by Kathleen Daniels *Campbell California Home Sales ~ August 2008*
keep looking »