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Santa Clara County Home Sale Prices Rise

SANTA CLARA, CA-Inventory remains scarce while demand rises, as buyers are motivated by the low interest rates and the prospect of prices going up further, says a source.

By Natalie Dolce | Updated on February 20, 2013

SANTA CLARA, CA-Maybe it’s due to the new 49ers stadium, or maybe just the Silicon Valley economy in general, but as those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have already seen, the housing market in Santa Clara County continued the trends of recovery in the first month of 2013, with average home sale prices at their highest for any January since 2008.

The data, compiled by MLSListings, shows that the average sale price for a single-family home in January stood at $825,355, jumping 27.32% from the $648,238 of January 2012. The average sale price for a condo or townhome was $461,700, a 43.33% increase from the $322,127 of January 2012.

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