Another wave I didn’t ride

In spite of everything, home prices in Santa Clara just keep setting records: Santa Clara County home prices sizzle.

Just eight months after reaching $600,000, the median price of houses sold in Santa Clara County blasted past the $700,000 marker in June, hitting a record of $705,000.

That’s up nearly 18 percent from a year earlier, and up 2.2 percent from May 2005.

Median prices were up in all nine Bay Area counties compared with a year earlier. DataQuick cited healthy demand, continued low mortgage interest rates and a few more homes on the market as the likely factors behind the strong June.

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