For those of us who benefit from knowing what the real estate markets are doing throughout California, I find this type of information useful. It’s smart to be up to date with real estate trends, stats and market changes so you can inform potential homebuyers who want to purchase, and better advise borrowers who are looking to refinance.
Following is what the housing markets looked like mid-month, for the Northern Counties of Santa Clara and Contra:
Contra Costa
Median Sales Price: $825,000
Average days on market: 88
Inventory: 762 properties
Price increase: down 2%
Price decrease: down 36%
Santa Clara
Median Sales Price: $1,563,500
Average Days on market: 98
Inventory: 586
Price increase: up 2%
Price decrease: up 31%
The statistics for these two counties exemplify the uniqueness of the housing market by specific areas. Like no two states are alike, not even two counties are alike. It is difficult to generalize the state of the market at any time, but especially in today’s market. So again, it’s smart to be up to date on these facts & stats, so you can benefit as a Real Estate Agent and licensed Lender or Mortgage Broker. Let’s help our clients better!
If you or a client are running into tighter lending restrictions and are in need of flexible financing for a purchase or refinance – for anywhere in California – give Sun Pacific Mortgage a call at 707-523-2099 to discuss our Private Money loan programs or visit our website at www.sunpacificmortgage.com. Our Private Money loans specifically tailored to those who need FAST financing or don’t currently qualify for conventional mortgages.
