The Santa Clara County Real Estate market is continuing to normalize. The overall market conditions still favors, but in select cities and locations the market has begun to tip in favor of buyers. Here at Yamanakahomes.com we continue to evaluate hot spots and seek out areas of opportunity. Home Prices in Silicon Valley are normalizing towards price points from January 2018 as the multiple offers go away and days on market increase. Focusing on Townhomes, Condos, Sunnyvale and Japantown Real Estate markets.
In the statistics above we see a comparison of Active Listings(For Sale), Sold Listings, and Pending Sales. The trend is leading to increased inventory and normalizing Sales volume. The overall numbers reflect an overall market trending towards balance between buyers and sellers. I have personally seen my last two listing sell with fewer offers and at prices below the last sales in the area. Now is a great opportunity for buyers who have been waiting on the sidelines for several years. Buyers can actually select a home that better suits their personal needs and compromise on fewer features. For sellers the number of homes sold is still over 1,000 units a month which is historically a strong market. Harvey Yamanaka has been providing Real Estate Services and up to date market knowledge in Silicon Valley for over 20 years. He has seen numerous market and can help with Pricing and Market timing.
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