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Real Estate The Ticker

Santa Clara County home prices rose in August

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Homes prices in Santa Clara County continued to follow a summer-long trend and grew in August, the Santa Clara County Association of Realtors said.

The average sales price of single-family homes shot up 15.5%, while the average condo price rose 11.1% in August year-over-year.

Additionally, single-family homes were on the market for an average of 23 days in August, falling from 38 days for the same month in 2012. 

"The housing market was definitely on the uptick this summer," said Carl San Miguel, president of the Santa Clara County Association of Realtors. "The hope is that it will continue for the rest of the year and into 2014."

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