Santa Clara CountySanta Clara CountyMarket UpdateMarket Update

August 2009

June 2009 to July 2009

INVENTORY

CLOSEDSALES

MEDIAN SALE

2739 1233 $590,000

3.6%

1.7% 7.3

%

July 2008 to July 2009

INVENTORY

CLOSEDSALES

MEDIAN SALE

49.0%

2739 1233 $590,000

38.2%

18.0%

Interest RatesMay 12th, 2009

30-Year Fixed APR: 4.75%

Principal: $400,000P &I Payment: $2,087

August 7th, 200930-Yr Fixed APR:

5.50%Principal: $380,000

P & I Payment: $2,158

Waiting for prices to drop doesn't always

make sense.

Interest Rates

Pricing to Sell

Thirty Second Update

• Market conditions vary by area and price range• Inventory is about half of what it was a year ago• Sales are higher than we've seen in three years • Median sale price lower than 2008, but rising

fast as we move away from a foreclosure driven market

• Median sale price up 31% since January 2009• All real estate is local, especially in this market,

which area and price range are you interested in?

More Talking Points

• 39.0% 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• Initiated sales tapering off as expected due to

seasonal factors, so sellers need to be aggressive• Fannie Mae has raised refi limit to 125% LTV• 30 year fixed rates fluctuating between 5% and

6%• More than 20% of mortgages may be underwater

About MeEverything 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-ReidALTERA REAL ESTATE1125 Meridian AvenueSan Jose, CA 95125Phone: 408-667-9298Email: realreid@earthlink.net

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