San Martin - perchlorate and property values

[Lenny Siegel <lsiegel@cpeo.org>]

San Martin property sales on rise again

By Megan Stevens 
Morgan Hill Times (CA)
September 7, 2004

Property sales in the San Martin area are on the rise, more than a year
and a half after perchlorate contamination brought the housing market to
a standstill.

When the chemical was first discovered in the area's water supply in
January 2003, market activity slowed significantly. Residents interested
in selling waited to assess the situation. 

?If people didn't need to sell, they took their houses off the market,?
real estate agent Patty Filice said. 

No single family home sold from Dec. 29, 2002, to Feb. 10, 2003, and the
three houses listed between these dates did not sell until March 2003.
Ten homes sold during the same time this year. 

Even after the initial halt in market activity, housing prices were
still a concern.

?They weren't necessarily dropping, but they were not rising,? said
Sylvia Hamilton, chair of the Perchlorate Community Advisory Group and
president of the San Martin Neighborhood Alliance. 

...

for the entire article, see
http://morganhilltimes.com/news/newsview.asp?c=122280



-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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