Slow Summer Days, Slow Summer Market

I have seriously neglected this poor blog on The Valley of Heart's Delight (aka Silicon Valley) in recent months. While this one was languishing, I was busily writing volumes on my Live in Los Gatos blog as I was working it over for a blogging contest, Project Blogger, that ran from April 9 to July 15. That's a long, long blog competition. (We'll learn who won it on August 1st at Blogger's Connect, a conference, in San Francisco.)

Alright, so what about the Silicon Valley real estate market?

We are experiencing two things at once. First, it's the "bifurcated market" - the east side is in a slump and most of the west side is in a healthy market (with some areas actually being a seller's market). Second, we are in the midst of a totally typical seasonal slowdown. In virtually every year, inventory rises from January until perhaps July. Buyers express the most demand (most years) in spring and by summer their interest level tends to trail off. So by summer, normally prices cease to rise and go flat. Some years, prices actually go down in August.  It's late July. Most buyers are winding up their home searching for now.

If you want or need to buy, in most parts of the valley the market is favorable!  On the east side and in starter homes, it is very, very much a buyer's market.

If you want or need to sell, it is keenly important to understand your local market and to listen to good advice and pay heed to what is working on pricing. Many homes are listed, but few are selling, on the east side. It does NO good to "test the market" now. If you must sell, price your home lower than your competition and make your condition better. That is the only way at this time.

I invite you to look at (and bookmark) my online report for San Jose (as a whole and by area) and Santa Clara County's cities and towns, which is updated early each month.

Please call me for personalized information on your own area!