Finally Beginning to Get It?
At last, some Mercury News reporters have caught on to the fact that when the median and average prices for homes in Santa Clara County are rising or falling not all homes are moving in the same direction. They have at least been able to distinguish expensive homes from low-priced ones. What about: condos versus single family homes?… homes on busy streets? …a home’s condition? …good vs.bad floor plans, etc.? Homes are obviously not homogenous and therefore they appreciate/depreciate at different rates.