Santa Clara County Market Update September 2009

Jul 2009 to Aug 2009 20.6 % 5.1 % INVENTORY CLOSED SALES MEDIAN SALE 2320 979 $560,000 15.3 %

Aug 2008 to Aug 2009 INVENTORY CLOSED SALES MEDIAN SALE 55.1 % 2320 979 $560,000 9.6 % 13.7 %

Interest Rates Interest rates on conforming, 30 year fixed mortgages are below 5% again. Act quickly to lock in these low rates!

Thirty Second Update Market conditions vary by area and price range Inventory is less than half of what it was a year ago Closed sales are higher than in 2007 and 2008 Median sale price lower than 2008, but may be leveling off after increasing due to market shift 30-year fixed rates have dipped below 5% again All real estate is local, especially in this market, which area and price range are you interested in?

Market conditions vary by area and price range

Inventory is less than half of what it was a year ago

Closed sales are higher than in 2007 and 2008

Median sale price lower than 2008, but may be leveling off after increasing due to market shift

30-year fixed rates have dipped below 5% again

All real estate is local, especially in this market, which area and price range are you interested in?

More Talking Points 41.2% of listings sold for more than asking price Many of the REO bargains have been snapped up by all cash investors and first time homebuyers Foreclosure activity remains high, but it isn't clear whether banks are holding "shadow" inventory Median asking price of $838,000 indicates high end market is saturated and selling very slowly Gap between initiated sales and closed sales indicates that many deals are falling through

41.2% of listings sold for more than asking price

Many of the REO bargains have been snapped up by all cash investors and first time homebuyers

Foreclosure activity remains high, but it isn't clear whether banks are holding "shadow" inventory

Median asking price of $838,000 indicates high end market is saturated and selling very slowly

Gap between initiated sales and closed sales indicates that many deals are falling through

About Me Everything you need to know about buying or selling a home can be found by visiting my website at HeideWolfReid.com . As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. Call or email me today! Heide Wolf-Reid ALTERA REAL ESTATE 1125 Meridian Avenue San Jose, CA 95125 Phone: 408-667-9298 Email: [email_address]

Everything you need to know about buying or selling a home can be found by visiting my website at HeideWolfReid.com .

As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.

Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

I go the extra mile to help you achieve your goals.

Call or email me today!

Thank You For Choosing Altera Real Estate!