Confirming what the studies were showing at the end of 2010, figures came out (DataQuick information services) showing that 26.3% of homes were purchased with cash in Jan. 2011 in the County of Santa Clara, compared with 12.6% in Jan. of 2007.
In the County of San Mateo, it is roughly the same, at 25.4%
Prices adjusted so much that a lot of investors put their (cash) money where they believe the market will do well in the future.
In February 2011, the median house price is $530,000 in the County of Santa Clara, and higher in the County of San Mateo: $634,000. - there are as many houses that sold over this number as under.
Francis
Silicon Valley real estate
search the MLS directly
Smart statistics, locally.
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