Median Home Values up in Santa Clara and San Mateo Counties

2010
August 12

The median value of homes in Santa Clara County was up 7.3 percent to $600,800 from April through June, and San Mateo County was up 2.5 percent to $655,800, according to a recent article in the San Jose Mercury News. Other local market news includes:

  • Median home values in Santa Clara County have increased every quarter for the past year
  • Median home values in San Mateo County have increased for the past two quarters
  • Median home values in Santa Clara, San Jose, Mountain View and Redwood City were up over the year

On the national level, CNBC is reporting a rise in home prices in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives. The national median price in the second quarter was $176,900, up from $174,200 in the same quarter last year and up from $166,400 in the first quarter of this year.

 

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