Wow! Is this News? National Home Sale figures showed an 11% increase in October compared to last year. This was based on homes for sale where a purchase contract was signed in September. I have listed real estate statistics for San Jose and a couple of other areas below. Note that home sales statistics are typically 60 days behind the reporting date. This is due to the time it takes to close an escrow which is currentlyaround 45 days.
San Jose- The median sales price for homes in San Jose CA for Aug 11 to Oct 11 was $390,200 based on over 2,600 home sales. Compared to the same period one year ago, the median home sales price decreased 3.1% and the number of home sales decreased 9%. 
The “average price per square foot” for San Jose CA was $354, an increase of 20.4% compared to last year. The average listing price forhomes for sale in San Jose CAwas $522,715 for the week ending Nov 23, which represents an increase of 0.3%, or $1,536, compared to the prior week.
Cupertino- 95 homes sales were reported from Aug to October with a median sales price of $900,000. Cupertino CA price per square foot for was $582, an increase of 5.1% compared to the same period last year. Compared to the same period one year ago, the median home sales price decreased 4.3%, or $40,500, and the number of home sales decreased 30.1%. The average listing price for homes for sale in Cupertino CA was $1,180,127 for the week ending Nov 23, which represents an increase of 1.7%. A small increase from last week.
Los Gatos- Compared to the same period one year ago, the median home sales price for Los Gatos Homes decreased 0.1%, or $1,000, and the number of home sales decreased 18.2%. The average price per square foot for Los Gatos CA was way down at $487, a decrease of 11.5% compared to last year. The median sales price for homes in Los Gatos CA for Aug 11 to Oct 11 was $899,000 based on 135 home sales. The average listing price for homes for sale in Los Gatos CA was $1,832,949 for the week ending Nov 23, which represents a decrease of 1.7% compared to last week.
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The Fourniers-