Santa Clara County Citywise SP/LP% for November 2014

SC SPLP

Santa Clara County SP/LP%

  • 12 out of 16 cities evaluated had sales closings at over asking price in Nov 2014.
  • The situation was similar in Nov 2013 with 10 out of 16 cities havings sales over asking.
  • The average SP/LP % ( Sales Price/List Price %) in Nov 2013 was 101.91% and average SP/LP% in Nov 2014 was 103.31%.
  • Overall: Buyers have consistently offered over asking price to get their offers accepted.Increasing SP/LP% generally indicate inventory lagging demand.

Share your thoughts