MLSListings Real Estate & Housing Update: December 2014
(Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz Counties)
Median Prices Reminiscent of California’s Pre-Bust Housing Bubble of 2005
Market statistics from MLSListings Inc give a closer view of the median price of the combined single family and condo/townhomes for San Mateo, Santa Clara, Santa Cruz, Monterey, and San Benito Counties. San Mateo and Santa Clara Counties have weathered the downturn very well, and Santa Clara County pricing remains higher than any time since 2004. There is some softening in Monterey and San Mateo counties in December compared to the same time last year.
Combined Single Family and condo/townhome Inventory and new listings remain very low when compared to levels in 2008.
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.
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