Silicon Valley Market Update

MLSListings® reports median single-family home price down -6.1% in Jul-11 over Jun-11, sales fall to 1,881.   Click here to view additional Market Reports   Jul-11 Quick Facts: The median price of existing single-family homes decreased to $540,000 down -6.1% vs Jun-11. Existing single-family home sales decreased -19.9% from Jun-11 for a Jul-11 total of 1,881 sold units. Condos increased in price to $310,000 up 3.4% vs Jun-11. Existing condo sales decreased -19.9% in Jul-11 over Jun-11 for a total of 548 sold units.     Single Family Median Home Price Jul-10 vs Jul-11 Clarus MarketMetrics® 8/10/2011     The Number of Sold Properties by Month  Jul-10 vs Jul-11 Clarus MarketMetrics® 8/10/2011   Jul-11 MLSListings® Regional Sales and Price Activity MLSListings® Median Price Percent Change in Price from Prior Month Percent Change in Price from Prior Year Total # Units Percent Change in Sales from Prior Month Percent Change in Sales from Prior Year   Jul-11 Jun-11 Jul-10 Jul-11 Jun-11 Jul-10 MLS Wide             MLSListings (Single Family) $540,000 -6.1% -3.6% 1,881 -19.9% -11.1% MLSListings (Condo) $310,000 3.4% -10.1% 548 -19.9% 9.6%               MLSLSTNGS Region Counties             Alameda $460,000 -18.6% -16.7% 65 -31.6% -16.7% Contra Costa $296,500 41.2% 30.0% 8 -38.5% -52.9% Monterey $250,000 -12.3% -6.5% 261 -9.4% -10.6% San Benito $242,500 -2.6% -8.5% 51 8.5% -3.8% San Joaquin $197,000 3.7% 1.0% 21 0.0% -4.5% San Mateo $745,000 -0.7% -7.5% 417 -16.6% 2.5% Santa Clara $613,500 -1.8% -1.8% 904 -23.1% -14.4% Santa Cruz $460,000 -14.4% -8.9% 123 -27.6% -19.1%               MLSLSTNGS Region Cities             Single Family Only             Belmont $950,000 12.3% 7.3% 15 0.0% -21.1% Burlingame $1,292,750 1.0% 7.7% 24 -27.3% -4.0% Campbell $731,000 9.1% 7.3% 23 -8.0% -23.3% Carmel $1,312,500 -27.1% 14.1% 16 -23.8% -5.9% Cupertino $1,160,000 -1.3% 3.6% 30 -30.2% -23.1% Daly City $465,500 -4.3% -10.0% 44 -12.0% 22.2% East Palo Alto $251,950 5.0% -24.8% 20 33.3% 66.7% Foster City $872,444 -2.0% -11.0% 10 -23.1% -16.7% Fremont $620,000 -1.6% 1.1% 31 -29.5% -18.4% Gilroy $422,255 5.8% -1.9% 39 -33.9% -39.1% Gonzales $173,000 -19.5% 0.3% 4 33.3% -33.3% Greenfield $157,500 25.0% 3.2% 10 -44.4% -37.5% Hayward $310,000 14.8% 9.0% 7 -53.3% 16.7% Hollister $242,500 -3.0% -5.8% 41 -8.9% -14.6% King City $121,450 -4.3% -19.0% 10 66.7% 11.1% Los Altos $1,622,500 -2.3% 8.9% 26 -40.9% -35.0% Los Gatos $1,292,500 -0.2% 8.2% 22 -46.3% -40.5% Marina $335,500 19.6% 5.7% 10 25.0% 0.0% Menlo Park $1,170,173 -7.3% -7.7% 44 0.0% 4.8% Millbrae $969,500 16.8% 8.7% 10 -44.4% -16.7% Milpitas $450,000 -14.1% -18.6% 35 12.9% 34.6% Monterey $430,000 -16.4% -14.9% 9 -59.1% -10.0% Morgan Hill $637,750 14.3% 3.7% 42 -6.7% -6.7% Mountain View $955,000 -8.3% 3.2% 39 25.8% 95.0% North Monterey County $300,000 -7.7% -11.8% 19 -5.0% 11.8% Pacific Grove $520,000 -7.4% -19.1% 13 -18.8% 30.0% Pacifica $465,000 -7.0% -7.5% 22 0.0% -8.3% Palo Alto $1,410,000 -13.2% -7.4% 38 -22.4% -13.6% Redwood City $715,000 -7.4% -22.7% 61 -3.2% 32.6% Salinas $232,500 -3.5% -7.0% 50 -18.0% -15.3% Salinas - East $199,000 8.7% 10.6% 27 28.6% -41.3% Salinas - North $221,000 5.2% -18.1% 12 71.4% 9.1% Salinas Monterey Highway $465,000 -16.7% -26.8% 17 -19.0% 88.9% San Bruno $492,500 -9.6% -2.6% 16 -15.8% -11.1% San Carlos $902,000 3.1% -8.9% 29 -21.6% 7.4% San Francisco $570,000 16.3% -2.5% 11 -47.6% 37.5% San Jose $520,500 2.1% -1.1% 473 -24.6% -15.2% San Lorenzo Valley $365,000 42.9% 23.7% 17 6.3% -22.7% San Mateo $800,000 14.9% 6.7% 51 -20.3% -8.9% Santa Clara $561,000 -5.3% 2.0% 41 -29.3% -4.7% Santa Cruz $540,000 -13.9% -13.6% 30 -46.4% -33.3% Saratoga $1,652,500 11.7% 0.2% 28 -28.2% 12.0% Seaside $208,500 -7.3% -22.8% 18 -5.3% -14.3% Soledad $160,000 3.2% -5.3% 18 -5.3% -18.2% South San Francisco $461,000 -6.4% -2.7% 16 -52.9% -33.3% South Santa Cruz County $390,000 -38.5% 37.8% 11 10.0% -8.3% Stockton $142,500 1.8% -17.2% 10 66.7% 42.9% Sunnyvale $808,000 -7.4% 1.4% 53 -22.1% -24.3% Tracy $250,000 24.1% -12.1% 5 -37.5% -16.7% Watsonville $285,000 -1.7% -1.7% 14 7.7% -12.5%

Single Family = Single Family = Detached Single, Attached Single, Res Other
Condo = Condo = Condo, Townhouse, Common Interest Other
Reports generated from Clarus MarketMetrics®

Contact your REALTOR® for additional local market trends in your neighborhood. Reports were generated from ClarusMarketMetrics®. Clarus MarketMetrics® is available on a monthly or annual subscription basis to MLSListings® members. To register for an account, visit www.clarusresource.com/mm It is also provided as a member benefit to those REALTORS® who belong to Santa Clara, Santa Cruz, Silicon Valley, San Mateo, Monterey, San Benito and Watsonville associations of REALTORS®. Visit your local association site for registration information.

Launched in 2007, MLSListings® is designed to more effectively meet the current and future MLS needs of the region’s real estate professionals. Representing nearly 20,000 MLS subscribers, MLSListings® is governed by the brokerage community, and owned by Santa Clara, Santa Cruz, Silicon Valley, San Mateo, Monterey, Watsonville, San Benito and Central Valley associations of REALTORS®.

 

Back to the top

 

Radioactive Granite, Formaldehyde in the Cabinets - Are We Sacrificing Our Health for Our Vanity?

What’s Lurking in Your Countertop? - NYTimes.com

The granite, it turned out, contained high levels of uranium, which is not only radioactive but releases radon gas as it decays.

But with increasing regularity in recent months, the Environmental Protection Agency has been receiving calls from radon inspectors as well as from concerned homeowners about granite countertops with radiation measurements several times above background levels. “We’ve been hearing from people all over the country concerned about high readings,” said Lou Witt, a program analyst with the agency’s Indoor Environments Division.

Today I was chatting with a friend. Her kids bought a new home two years ago and have been in and out of the hospital ever since. After months of medical testing they finally tested the house. Turns out the cabinets were emitting fairly high levels of formaldehyde. They are in the process of ripping them out.

We tend to think that "natural" means healthy. As my step-father likes to say, "cyanide occurs naturally in plants, that doesn't mean I want to eat it".

The good news is, all of these toxins are relatively easy to test for. But, should I? I know I don't like throwing my money away on a test that's probably going to show that there is not an issue.

My best guess is that these "new" concerns will NOT be widespread. That's the argument, few folks are affected and it will not have a major impact on the consumer. Unless you, or your loved one, happens to be the consumer that gets sick.