Houses have long been more expensive in the Bay Area, especially in Santa Clara County. But new data shows how dire the housing affordability crisis is becoming in the South Bay.
SAN JOSE â According to the Santa Clara County Association of Realtors, the median price for a single-family home in the county was exactly $2 million in the month of April, up 13% over the last year.The median price per square foot in a single-family home was $1,200, and the average time on the market was just 13 days. Condos and townhomes are also increasingly less affordable, with the median price now $1.08 million.
We do have some homes that are below. But even homes at are priced right at the $2 million mark are going for more. Almost every home that's on the market in Santa Clara County gets multiple offers at this time,' Perry said.Tony Ramirez is the listing agent for a home that just went on the market in San Jose's Almaden Valley. It's a four bedroom with 2 1/2 baths, 2,000 square feet and a pool.The home is priced just under that $2 million mark.'We've had good activity.
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