Uncategorized February 20, 2014

Inventory Rises Moderately in Silicon Valley While Sales Drop!



When we compare January’s inventory to December 2013, it actually increased in four of our five home counties. Single family inventory rose 20% in San

Mateo County, 16% in Santa Clara County, 11% in Monterey County, 4% in Santa Cruz County, and dropped just 4% in San Benito County.

January Inventory was down 15% in San Mateo County but that is well below the 30% to 40% levels in their market for some months in 2013. Santa Cruz inventory

followed down 11%, Monterey down 10%, and Santa Clara down by just 8% compared to the 14% – 50% range in 2013.

Chart showing change in real estate inventory Silicon ValleySINGLE FAMILY SALES:

4 of the 5 home counties showed fewer single family sales in January 2014 compared to the strong start in a year ago.


Monterey County 31%

San Benito 20%

Santa Clara 14%

San Mateo 3%

Santa Cruz County increased 16%

Sales were largely down from December 2013, but this is be expected since January is usually one of the slowest months of the year. Santa Clara sales were down

36%, San Mateo was down 26%, Monterey down 22%, Santa Cruz down 8%, and San Benito rose by 3%.

Change in Single Family Home Listing in Bay Area Counties