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October Real Estate & Housing Update: Silicon Valley Real Estate Median Price Continues to Rise
11/5/2014

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MLSListings Real Estate & Housing Update: October 2014

(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)

Silicon Valley Real Estate Median Price Continues to Rise

This 10-year outlook shows how total sales dollars correlate to the number of closed sales in all of our reported counties – Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz.

In all reported counties – Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz – we are seeing the story play out in the prices.

Year-over-year sales of single family homes show some of the highest median prices of the year. San Mateo leads the climb with a 16% increase over last year, followed closely by Santa Clara up 13%, Monterey up 12%, Santa Cruz up 11% and San Benito up 5%.

Total dollars sold for single family homes are also up. With the sale of a $31M+ home in Monterey, the county saw an increase in total dollars of more than 75% over October 2013. Santa Cruz has the next highest jump at a 16%, followed by Santa Clara up 9%, San Benito up 7% and San Mateo up only 2%.



Data supplied is for MLSListings Inc five home counties: Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz. MLSListings data is tabulated the third of every month to the third of the following month; primarily to account for late corrections and additions by agents. These updates are often not included in most market reports. The Market Indicators Report reflects the most current information on the date the report is generated.

A complete report for numbers indicated in summary can be found at mlslistings.com in the Media Center.
Further media inquiry: please contact pr@mlslistings.com.