Santa Clara County Market Update April 2009

Feb 2009 to Mar 2009 INVENTORY CLOSED SALES MEDIAN SALE 4,146 721 $450,000 NO CHANGE 24.5 % 4.2 %

Mar 2008 to Mar 2009 INVENTORY CLOSED SALES MEDIAN SALE 21.8 % 4,146 721 $450,000 23.7 % 45.1 %

Interest Rates

Thirty Second Update Buyer's market in many areas Normal market in affordable areas Inventory high, but much lower than 2008 Sales low, but much higher than 2008 Median sale price much lower than 2008, but stable from January to March Interest rates very low on conforming loans All real estate is local, which area are you interested in?

Buyer's market in many areas

Normal market in affordable areas

Inventory high, but much lower than 2008

Sales low, but much higher than 2008

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

Interest rates very low on conforming loans

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

More Talking Points Median sale price has been driven down by a shift in market mix toward affordable properties 31% of listings sold for more than asking price REO bargains are attracting multiple offers Median asking price up 14% from January 2009 20% of FHA loans originated in 2008 were 60 or more days late within the first 10 months C.A.R. Economist Leslie Appleton-Young is predicting 19% price depreciation in 2009

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

31% of listings sold for more than asking price

REO bargains are attracting multiple offers

Median asking price up 14% from January 2009

20% of FHA loans originated in 2008 were 60 or more days late within the first 10 months

C.A.R. Economist Leslie Appleton-Young is predicting 19% price depreciation in 2009

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!