Dear John A.,
The analysis of the August market numbers is out. Month-over-Month the Silicon Valley real estate market including Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz counties made a slight dip. Overall, single family inventory and closed sales are down in all counties, except Monterey which showed a small 1% increase in inventory. Median prices in San Mateo and Santa Cruz counties are down 12% and 10%respectively, meanwhile Monterey increased 9%, San Benito went up by 2% and Santa Clara is up just 1% over August 2013.
The media center is updated with new statistical information at least twice per month.
Jim Harrison, RCE, CAE
President and CEO