Did you know?

Facts you should know about real estate in the Silicon Valley...

• A lot of people were out of market a few months ago. They wanted absolutely nothing to do with the market. Now they are seeing it as being a little friendlier. And those people are seeing interest rates rise and know they need to get serious about buying now.
• If you look at the statistics over the past 20 years, this time of year you are going to find what is happening is absolutely normal. It's not a bad market. It's a normal market.
• As of April 14th, in the Santa Clara County the inventory for active listings of single family homes is 5378 and condo/townhomes is 1755. Totaling 7133 for both. The number of homes and townhome/condos that went into contract over the last 30 days was 1320. The pending sales are about double the January figures. The number of closed sales in April is 281 (as of 4/14).
• Something of interest - since the beginning of the year the listings have increased 23%, however, the number of pending sales has increased 73.6%. There have been 14 weeks of increasing sales! Currently 18.4% of the inventory is pending. So don't believe everything the media is saying about this market!

Call me today and let's talk about how you can take advantage of this market.

Email me @ monica.manocha@cbnorcal.com or call me @ 408 399 1495

www.mmgproperties.com