The Santa Clara housing market, found in the Bay Area of California, saw a generally positive but still mixed picture in the month of June. Although the median price of a Santa Clara home for sale increased in that tracking period, home sales were mixed, with numbers increasing over last month but not the previous year. According to a July 16, 2010 piece from the Silicon Valley/San Jose Business Journal, “The number of homes sold in the Bay Area [increased] from month-to-month in June but were down from a year ago, as a reduction in the number of foreclosure sales helped to boost the median price, according to a report released Thursday. MDA Dataquick reported a total of 8,373 homes closed escrows in the nine-county Bay Area, up 1.3 percent from 8,264 in May but down 3.1 percent from 8,644 in June 2009. The month-to-month increase was below the 3.9 percent average seasonal increase Dataquick has seen since it began reporting in 1988…The median paid for all new and resale houses and condos combined was $410,000, the same as in May and up 16.5 percent from $352,000 in June 2009. This marked the ninth straight increase in year-to-year median prices. The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $1,709 last month, down from $1,739 the previous month, and up from $1,585 a year ago.”
In Santa Clara and the rest of Silicon Valley, the average price of a single-family home rallied substantially in the month of June. A July 15, 2010 report from the Mercury News stated that “In a mixed report on the Santa Clara real estate market, MDA DataQuick reported today that prices climbed last month in Santa Clara County, but the number of sales dropped from a year earlier. According to MDA DataQuick, Santa Clara County's median resale single-family home price last month was $600,000 — edging up 2.6 percent from May and climbing 23.7 percent from June 2009. The number of transactions, though, dropped 8.4 percent year over year. Throughout the Bay Area, more higher-end homes sold than a year earlier, when the market was dominated by a wave of lower-priced foreclosure sales…In Santa Clara County, the median condominium price was $340,000, up 17.2 percent from June 2009. The number of transactions was 0.2 percent lower.”