Santa Clara County Residential Real Estate Market Trends September 2010

MARKET ACTION REPORT SUSANNE BOHL, REALTOR August 2010

County: Santa [email protected]

Single Family Home, Townhome, Condo | Price $0 to $99,999,000

Based on information from RE Infolink for the period 5/27/1995 through 8/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained bythe MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:

Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYearMedian List Price of all Current Listings $574,049 Average List Price of all Current Listings $859,560 August Median Sales Price $539,000 $531,000August Average Sales Price $692,175 $664,892Total Properties Currently for Sale (Inventory) 4,656 August Number of Properties Sold 1,164 10,214August Average Days on Market (Solds) 44 47Asking Price per Square Foot (based on New Listings) $388 $390August Sold Price per Square Foot $389 $383August Month's Supply of Inventory 4.0 3.9August Sale Price vs List Price Ratio 99.6% 99.3%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales August Property sales were 1,164, down -16.9% from 1,400 in August of 2009 and -13.8% lower than the 1,351 sales last month. August 2010sales were at their lowest level compared to August of 2009 and 2008. August YTD sales of 10,214 are running 1.6% ahead of last year's year-to-date sales of 10,057.

Prices The Median Sales Price in August was $539,000, up 7.4% from $502,000 in August of 2009 and down -3.8% from $560,000 last month. TheAverage Sales Price in August was $692,175, up 13.4% from $610,357 in August of 2009 and down -1.8% from $704,982 last month. August2010 ASP was at a mid range compared to August of 2009 and 2008.





Inventory & MSI The Total Inventory of Properties available for sale as of August was 4,656, down -9.5% from 5,146 last month and down -3.3% from 4,815 inAugust of last year. August 2010 Inventory was at the lowest level compared to August of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2010 MSI of 4.0 months was at amid range compared with August of 2009 and 2008.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Augustwas 44, down -4.3% from 46 days last month and down -21.4% from 56 days in August of last year. The August 2010 DOM was at its lowestlevel compared with August of 2009 and 2008.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The August 2010 Selling Price per Square Foot of $389 was down -0.8% from $392 last month and up 9.3% from$356 in August of last year.





Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. TheAugust 2010 Selling Price vs Original List Price of 99.6% was down from 99.9% last month and down from 100.7% in August of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2010 was 2193, down -6.1% from 2,335 last month and up 10.5% from 1,984 in August of last year.




Based on information from RE Infolink for the period 5/27/1995 through 8/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

Homes Sold 754 830 782 722 502 605 804 923 1,177 1,248 1,269 1,250 1,251 1,172 861 968 773 818 1,030 1,269 1,383 1,670 1,714 1,400 1,524 1,519 1,281 1,422 865 886 1,329 1,360 1,745 1,514 1,351 1,164

3 Mo. Roll Avg 789 778 669 610 637 777 968 1,116 1,231 1,256 1,257 1,224 1,095 1,000 867 853 874 1,039 1,227 1,441 1,589 1,595 1,546 1,481 1,441 1,407 1,189 1,058 1,027 1,192 1,478 1,540 1,537 1,343

(000's) S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

MedianSalePrice 740 750 746 690 665 700 700 685 670 658 630 570 528 500 460 460 417 422 415 430 444 490 510 502 489 512 525 500 475 495 520 535 550 550 560 5393 Mo. Roll Avg 745 729 700 685 688 695 685 671 653 619 576 533 496 473 446 433 418 422 430 455 481 501 500 501 509 512 500 490 497 517 535 545 553 550


Inventory 7,372 7,372 7,043 6,319 6,614 7,113 7,720 8,290 8,519 8,563 8,656 8,348 8,199 7,994 7,352 6,591 6,580 6,712 6,641 6,236 5,687 5,288 5,149 4,815 4,654 4,422 4,143 3,856 4,135 4,532 4,914 5,071 5,073 5,177 5,146 4,656

MSI 10 9 9 9 13 12 10 9 7 7 7 7 7 7 9 7 9 8 6 5 4 3 3 3 3 3 3 3 5 5 4 4 3 3 4 4


Days On Market 39 42 48 54 61 59 56 52 48 50 50 51 54 53 59 58 67 64 68 63 63 64 59 56 53 53 50 52 51 49 50 48 42 49 46 443 Mo. Roll Avg 43 48 54 58 59 56 52 50 49 50 52 53 55 57 61 63 66 65 65 63 62 60 56 54 52 52 51 51 50 49 47 46 46 46


Price per Sq Ft 526 536 519 493 485 492 492 481 493 465 455 426 403 389 359 353 320 326 322 328 346 355 362 356 361 363 372 358 357 360 373 384 394 393 392 3893 Mo. Roll Avg 527 516 499 490 490 488 489 480 471 449 428 406 384 367 344 333 323 325 332 343 354 358 360 360 365 364 362 358 363 372 384 390 393 391


Sale to List Price 0.995 0.992 0.987 0.981 0.976 0.981 0.984 0.983 0.983 0.983 0.985 0.981 0.984 0.988 0.987 0.985 0.985 0.980 0.981 0.982 0.987 0.993 1.000 1.007 1.013 1.010 1.009 1.010 1.014 1.010 1.009 1.008 1.007 1.004 0.999 0.996

3 Mo. Roll Avg 0.991 0.987 0.981 0.979 0.980 0.983 0.983 0.983 0.984 0.983 0.983 0.984 0.986 0.987 0.986 0.983 0.982 0.981 0.983 0.987 0.993 1.000 1.007 1.010 1.011 1.010 1.011 1.011 1.011 1.009 1.008 1.006 1.003 1.000


New Listings 2,323 2,337 1,749 1,266 2,229 2,473 2,679 2,959 2,813 2,625 2,794 2,462 2,506 2,443 1,698 1,444 2,155 2,185 2,457 2,227 1,996 2,064 2,188 1,984 1,977 1,955 1,494 1,225 1,841 2,061 2,701 2,615 2,218 2,435 2,335 2,193

Inventory 7,372 7,372 7,043 6,319 6,614 7,113 7,720 8,290 8,519 8,563 8,656 8,348 8,199 7,994 7,352 6,591 6,580 6,712 6,641 6,236 5,687 5,288 5,149 4,815 4,654 4,422 4,143 3,856 4,135 4,532 4,914 5,071 5,073 5,177 5,146 4,656

Sales 754 830 782 722 502 605 804 923 1,177 1,248 1,269 1,250 1,251 1,172 861 968 773 818 1,030 1,269 1,383 1,670 1,714 1,400 1,524 1,519 1,281 1,422 865 886 1,329 1,360 1,745 1,514 1,351 1,164

(000's) S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

Avg Sale Price 918 914 894 860 860 870 872 856 871 832 784 741 667 611 567 581 510 508 527 534 571 608 627 610 597 619 647 610 577 623 644 673 664 695 705 6923 Mo. Roll Avg 908 889 871 863 867 866 866 853 829 786 731 673 615 587 553 533 515 523 544 571 602 615 612 609 621 625 611 603 615 646 660 677 688 698

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Santa Clara County Residential Real Estate Market Trends September 2010