in lime light today: Good News for Real
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Friday, May 23, 2008

Good News for Real

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Home sales rebound in Silicon Valley


LOWER PRICES ATTRACT BUYERS AFTER MONTHS OF RECORD-LOW FIGURES


Article Launched: 05/21/2008 01:31:33 AM PDT

Finally, a glimmer of good news for Silicon Valley home sellers: Home sales were up 30 percent last month compared with March.


That was the steepest March-to-April increase in almost two decades for the county, according to DataQuick Information Systems, and it came after several months of record-low sales figures.



"You've finally hit a price point that is attracting people back into the market," said David Martz, an agent with Intero Real Estate. In San Jose's Alum Rock neighborhood, for example, homes priced at $350,000 or $400,000 are selling, while in the Rose Garden neighborhood, a bargain could mean finding a home in the high $600,000 range, he said. "There are some great deals available."


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Posted by Pilo Gui at 2:04 PM
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