Cliff's Notes...on Real Estate

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Saturday, September 1, 2007

Housing Inventory Snapshot August 31, 07

Santa Clara County, CA
Avg L/Price Med L/Price Avg DOM
SFH under $1M $696,285 $679,000 62
SFH over $1M $1,962,394 $1,495,000 72
Condounder $600K $436,899 $429,500 61
Condo over $600K $739,504 $689,200 48

San Mateo County, CA
Avg L/Price Med List/P Avg DOM
SFH under $1M $735,900 $729,000 62
SFH over $1M $2,381,061 $1,549,000 67
Condo under $600K $461,101 $479,000 66
Condo over $600K $914,895 $759,000 80

MORTGAGE. National Averages (August 31, 07)*
30-year fixed Rate - 6.09% APR - 6.25%
15-year fixed Rate - 5.76% APR - 6.02%
5/1 ARM Rate - 6.12% APR - 7%

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

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