Realtor Robert Kunzler's Real Estate Update
March 2010
Here are the latest numbers (January).
In Section 1 [Comparison of Median Sales Prices by County] there are columns to provide a comprehensive and meaningful overview of comparative values and trends. You can see the most recently completed month's value compared with the previous month, and starting next month: with the same two months from a year earlier.
The first table covers Single Family Homes and the next table covers Condos/Townhouses.
Then, in Section 2 you will see the "City by City Value Comparisons" breakdown of local Santa Clara County municipalities, giving you the ability to compare the most recently available month's values with the three preceding months, and with values of one year prior, and thirteen months prior. This gives you a sophisticated yet easily digestible way to put current values in context.
Starting in the April webletter you will see a brand new table in this section [Section 2: "City by City Value Comparisons"] which, in complement to the single family homes table already provided, will display the same useful comparative values for condos and townhouses, collectively known as common interest developments [CIDs]. Check back for this useful new table if you own a CID or are thinking of buying one.
Section 1: Comparison of Median Sales Prices by County
You can now see the following values side by side:
-- most recent completed month
Now you can compare the most recent month's numbers with:
-- the previous month
This gives you a great overview of what current values signify and how values are trending within the most relevant contexts.
Santa Clara Co. cities median price comparisons end of December 2009
Current Notes.
This RE Update seeks to give you the most recent values available in a timely manner and in a way that gives them the most meaning and usefulness. This Update is usually ahead of local newspapers reports and other media releases, and presents the numbers in such a way that gives you a good feel for the comparative value of current prices. If you have any comments I welcome your input. Thanks. -- Robert Kunzler
-- previous month
-- most recent completed month compared with same month one year ago
-- most recent completed month compared with 13 months ago
County
Dec '09 
Jan '10
Santa Clara 563,000 531,000
Santa Cruz 555,000 480,000
San Mateo 750,000 650,000
County
Dec '09
Jan '10
Santa Clara 357,000 321,000
Santa Cruz 350,000 314,000
San Mateo 457,000 465,000
*Condo/Townhouse = "common interest development" [CID]
Section 2: City by City Value Comparisons
-- two months prior
-- three months prior
-- one year ago
-- 13 mos ago
Single family homes
City Jan 10 Dec 09 Nov 09 Oct 09 1yr ago
Jan 09 13mo
Dec 08Campbell 655,000 700,000 653,000 672,000 550,000 675,000
Cupertino 1,176,000 1,030,000 1,208,000 1,100,000 1,291,000 1,181,000
Los Altos 1,463,000 1,591,000 1,477,000 1,580,000 1,620,000 1,787,000
Los Altos Hills 1,950,000 2,434,000 2,010,000 2,435,000 3,900,000 1,750,000
Los Gatos 985,000 1,200,000 1,060,000 11,100,000 1,673,000 1,438,000
Milpitas 451,000 560,000 440,000 460,000 448,000 430,000
Mountain View 868,000 965,000 913,000 889,000 873,000 950,000
Palo Alto 1,363,000 1,241,000 1,430,000 1,523,000 1,373,000 1,365,000
San Jose 481,000 490,000 515,000 520,000 415,000 452,000
Santa Clara 562,000 618,000 638,000 650,000 625,000 599,000
Saratoga 1,426,000 1,400,000 1,498,000 1,283,000 1,858,000 1,600,000
Sunnyvale 576,000 790,000 749,000 770,000 590,000 632,000
Figures are for Single Family homes. Coming soon: an additional table will show Condo/Townhouse values. Rounded to nearest $1,000. More statistics and comparisons at RobertKunzler.com