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Higher inventory in expensive neighborhoods
2009 Jul 24, 8:03am 2,487 views 6 comments
by P2D2 follow (0)
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P2D2
2009 Jul 24, 9:22am
P2D2
2009 Jul 24, 9:22am
Fremont and Sunnyvale are hardly expensive…
suggest you try Saratoga Los Gatos and Woodside
I agree. The reason I quoted those two cities because they have mixed of zipcodes - inexpensive zipcodes and comparatively expensive zipcodes. When people quote data for whole city, often those kind of info get lost.
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While discussing in another thread I noticed some interesting thing.
While inventory decreased in non-expensive areas (where there are substantial price drop already) in last one year, it increased (or did not drop) in expensive areas. First I looked at Fremont, CA
94536: Current (124), last year (270)
94538: current (93), last year (200)
94539 (more expensive area): Current (160), last year (170)
94555: current (45), last year (113)
Just to verify, I looked at another city - Sunnyvale, CA
94085: current (36), last year (93)
94086: current (68), last year (105)
94087 (more expensive area): current (115), last year (70)
94089: current (24), last year (57)
And it very evident in price trend. Nowadays multiple "price reduced" in expensive zipcodes.