Here’s are some sample numbers taken from the Merc’s article published on Monday, August 10th:

Willowbrook Drive, San Jose, List: $335,610, 74 Offers, Sold for $484,500

Sark Way, San Jose, List $299,000, 112 Offers, Sold for $360,000

Panama Avenue, San Jose, List $185,000, 50 Offers, Sold for $206,560

Of course, these numbers aren’t typical, but they demonstrate that entry level buyers/investors are taking advantage of the low prices, low interest rates and 1st time home buyer credit.

Here’s a link to the complete article: 

http://www.mercurynews.com/ci_13009813?source=email

This entry was posted on Thursday, August 13th, 2009 at 3:32 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.