When we think about the economy and job loss of 2009, it’s hard to believe that in Santa Clara County we experienced a 44% rise in home sales in December.
2009 was the busiest year for real estate sales since 2006. The year also showed an increase in the median sales price which went up 15% from Dec. 2008. One of the main reasons for the increases is that the high-end home sales in 2009 exceeded those of 2008. Also, in Santa Clara County, 14% of homes sold were for buyers of vacation and second homes, or investors. The federal tax credit for first time home buyers was also a good incentive to buy. This tax credit has been extended until April 2010!
I am hopeful that 2010 will be another good year for the real estate industry. Please contact me for any other information.
Posted By: 
Jeff Barnett
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