Home prices in Santa Clara County shoot up

Median single-family home prices continue to set record highs, up 9% year over year (yoy); townhome prices increase even more, up 20% YoY Only 1 in 5 families can afford to purchase a median priced home in the San Jos, Sunnyvale, Santa Clara Metropolitan Service Area (MSA), compared to 3 of 5 families, nationally2

santa clara county‘s notoriously tight housing market loosened a bit in March but far from enough to slow the rapid rise in home prices, which soared a third year-over-year. Monday, May 20 2019 Facebook Google+ Instagram LinkedIn Twitter.

SAN JOSE, Calif., June 10, 2013 /PRNewswire/ — In Santa Clara County, the average sale price of a single family home went up 25.5 percent and that of condos rose 32 percent in May year-over-year.

Santa Clara home values have declined -5.5% over the past year and Zillow predicts they will fall -8.0% within the next year. The median list price per square foot in Santa Clara is $840, which is higher than the san jose-sunnyvale-santa clara metro average of $690.

Santa Clara County’s notoriously tight housing market loosened a bit in March but far from enough to slow the rapid rise in home prices, which soared a third year-over-year.

April’s price was up 6.5 percent from $565,880 in March and up 3.2 percent from a revised $584,460 in April last year.. The April median sales price for Santa Clara County home was $1,315,000.

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Looking to buy a home in. entire nine-county region, only Napa County posted an increase in April of 3.3 percent, while.

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The median home sale price here added $1,725,000 compared to 10 years ago. San Jose prices still below Silicon Valley hotspots, but up almost $200,000 since 2007. So far this year, the median price for homes sold in San Jose clocked in at $894,613, an increase of nearly $200,000 compared to 10 years ago.

so the problem seems to outpace the solution as Santa Clara County residents and wannabes stare down a $1.2 million median.

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