The Registry
From the article:
San Jose, Calif., – Home prices in Santa Clara County rose year-over-year in late summer and early fall. The average sale price of single family homes went up 15.9 percent and that of condos rose 14.69 percent in September compared to September 2012, according to data compiled by MLSListings.
The September average sale price for single family homes was $989,726, up from $831,993 in September 2012. Meanwhile, the September average sale price for condos was $529,018, up from $451,280 a year before.
“People who sold their homes in September had more equity than if they had sold at the same time last year, since home prices have gone up,” commented Carl San Miguel, president of the Santa Clara County Association of REALTORS®. “Many of them put that equity toward the purchase of their next home.”