Silicon Valley Housing Update June 2010
Posted by Josh Burroughs on Wed, Jul 07, 2010 @ 01:23 AM
The Polaris Group puts out a great monthly report on the housing market in different geographical regions, so I thought I'd share some of the highlights for Silicon Valley as a recap for June!
At present, there are 27 projects offering homes for sale. Approximately 65.8 percent of those 3,706 units have been sold or are under contract to be sold. That leaves a standing inventory of 1,267 units. The resale market, in contrast, has 1,055 homes available for sale, 20.1 percent less inventory than the new-home market.
TOP TEN PROJECTS & Units Available!
- Axis by KT Properties; 209/329 Units Available
- 360 Residences by Mesa Properties; 213/213 Units Available
- The 88 by WMS Partners/ CIM; 122/197 Units Available
- City Heights by Barry Swenson Builder; 27/124 Units Available
- Plant 51 by Brooks St; 185/265 Units Available
- Cannery Square At Monte Vista by KB Homes; 10/235 Units Avail
- Willow Glen Place by Toll Brothers; 74/204 Units Available
- Villa Fontanas by Hudson Jones; 23/91 Units Available
- The Works by Barry Swenson Builder; 6/74 Units Available
- Villa Valencia by S&T Props; 5/57 Units Available