Seller's market

Another Mercury News story about the improvements in our real estate market, http://www.mercurynews.com/business/ci_21142320/bay-area-housing-values-jump-second-quarter-zillow.  Multiple offers and bidding wars have been true for several months now in this area, but this provides some further information on why inventory levels are so low.

California Olympians

This story, http://www.huffingtonpost.com/2012/07/26/bay-area-olympians-_n_1706946.html, is not about real estate, but it highlights how wonderful this area is and how successful its residents.  There is no doubt that the climate and money in this area is a factor, but I think its also due to a strong push for excellence by so many of the people who live here.  Silicon Valley people are always striving to improve themselves and be the best in what they do.

Median Prices on the rise

Here is the Mercury News story about the rise in median home prices, http://www.mercurynews.com/business/ci_21103207/home-construction-at-healthiest-point-since-housing-collapse.  The data here pretty closely matches the TrendGraphix data in my last post.

Median Home Prices in Santa Clara County on the Rise

First up is a story about the rise of median home prices in California, with the Bay Area showing very strong results, http://www.inman.com/news/2012/07/19/golden-state-rise-top-10-metros-with-rising-median-list-prices.  Strangely the following pages do not follow the ranking shown in the main story and it is not worth clicking through them as there are no details other than the numbers.  For reference here are the latest median home prices for single family homes in Santa Clara County from Trendgraphix:

I'm Back!

Many things have changed since I first started this blog and there has been a big gap since my last post.  Chief among this is my becoming a licensed real estate agent and certified realtor.  Given the large number of great stories I am seeing on real estate, I have decided its time to resurrect this blog as a location to capture these stories.  Expect a flurry of stories right now with more as they continue to come out.