Comments on: Saratoga Housing Market Update - June 2007 http://www.1siliconvalley.com/saratoga-housing-market-update-june-2007/ your consumer guide to the sf bay area real estate market Mon, 13 Oct 2008 04:31:26 +0000 http://wordpress.org/?v=2.0.4 by: Steve Leung http://www.1siliconvalley.com/saratoga-housing-market-update-june-2007/#comment-394 Sun, 01 Jul 2007 04:49:00 +0000 http://www.1siliconvalley.com/saratoga-housing-market-update-june-2007/#comment-394 Right on the money. There were only four and five townhomes and condos sold in Saratoga in the month of May each year from 2003 to 2007, and only one in 2001! You allude to this and I mention in the article that it's easy for one large sale to dramatically affect the median based on that volume. The difference between the spikes in 2001 and 2004 vs. the one in 2007 is that the ones in previous years were also accompanied by spikes in the average CDOM (101 and 217 respectively). This year, it's 10, indicating some strength in pricing at that class. Right on the money. There were only four and five townhomes and condos sold in Saratoga in the month of May each year from 2003 to 2007, and only one in 2001! You allude to this and I mention in the article that it’s easy for one large sale to dramatically affect the median based on that volume.

The difference between the spikes in 2001 and 2004 vs. the one in 2007 is that the ones in previous years were also accompanied by spikes in the average CDOM (101 and 217 respectively). This year, it’s 10, indicating some strength in pricing at that class.

]]> by: sJ http://www.1siliconvalley.com/saratoga-housing-market-update-june-2007/#comment-393 Sat, 30 Jun 2007 21:19:07 +0000 http://www.1siliconvalley.com/saratoga-housing-market-update-june-2007/#comment-393 The median price for condos in 2007 as per your graph is quite shocking. The graph is showing a pattern similar to 2001 & 2004. As per the graph 2008 might see prices fall sharply again. Why are the prices seeing a sharp uptrend and downtrend. Is it because of the number of condos on sale ? The median price for condos in 2007 as per your graph is quite shocking. The graph is showing a pattern similar to 2001 & 2004. As per the graph 2008 might see prices fall sharply again.

Why are the prices seeing a sharp uptrend and downtrend. Is it because of the number of condos on sale ?

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