1st Quarter Sales Figures In: Looking Good!

As expected,  sales figures for San Mateo and Santa Clara Counties for the first quarter of 2010 compared to the first quarter of 2009 were up in all major areas.  This is a good start to showing that the deadly silence of real estate activity in 2009 is behind us and people are optimistic about buying and selling homes again.  It doesn’t mean that the entire country is real estate happy again, it just means that our neck of the woods is taking positive steps in the right direction.  Here are the numbers.

Santa Clara County

# of Sales*                                 1,965          2,177           11%

Average Price ($000)*             $575           $711           24%

Avg Days on Market (DOM)**   104                   63          -39%

Months of Inventory**                 5.7              2.6           -54%

San Mateo County
# of Sales*                                   624                 769            23%

Average Price ($000)*             $745              $913            23%

Avg Days on Market (DOM)**      84                   54           -36%

Months of Inventory**                 6.1                  3.8           -38%