Santa Clara County Market Update March 2009

Jan 2009 to Feb 2009 INVENTORY CLOSED SALES MEDIAN SALE 4,328 579 $450,000 3.6 % NO CHANGE 1.9 %

Feb 2008 to Feb 2009 INVENTORY CLOSED SALES MEDIAN PRICE 9.7 % 4,328 579 $450,000 36.9 % 42.7 %

Thirty Second Update Buyer's market in many areas Inventory high, but lower than 2008 Sales low, but much higher than 2008 Median sale price much lower than 2008, but stable from January to February All real estate is local, which area are you interested in?

Buyer's market in many areas

Inventory high, but lower than 2008

Sales low, but much higher than 2008

Median sale price much lower than 2008, but stable from January to February

All real estate is local, which area are you interested in?

More Talking Points Median sale price driven down by shift in market mix toward affordable properties More first time buyers and cash investors Interest rates still low on conforming loans Interest rates much higher on jumbo loans Foreclosures still increasing from 2008 Notices of default still increasing from 2008

Median sale price driven down by shift in market mix toward affordable properties

More first time buyers and cash investors

Interest rates still low on conforming loans

Interest rates much higher on jumbo loans

Foreclosures still increasing from 2008

Notices of default still increasing from 2008

Thank You For Choosing Altera Real Estate!