Santa Clara Homeowners Gain Confidence

SANTA CLARA, CA-In Santa Clara County, the average sale price of singlefamily homes went up 13% and that of condos rose 24.5% in June year-over-year, according to data compiled by MLSListings. The June average sale price for singlefamily homes was $1 million, up from $908,694 in June 2012. According to MLSListings, the June average sale price for condos was $534,144, up from $428,854 a year before.

“Home owners are beginning to recover some of the equity they lost during the recession as prices continue to rebound,” explains Carl San Miguel, president of the Santa Clara County Association of Realtors. “With that increased equity, home owners can feel more confident about selling. This summer is proving to be a great time to sell.”