The Santa Clara Women's Club http://www.santaclarawomansclub.org/

The Santa Clara Women’s Club (old adobe house)
http://www.santaclarawomansclub.org/

The real estate market in the city of Santa Clara, like the rest of Silicon Valley, is a strong sellers market still. Prices are up from a year ago, and inventory can’t keep up with demand. Below there are charts for the activities over the last few months. Low inventory from earlier in the year and continuous low inventory around the rest of the Valley means there is still a much greater demand to fill than is available. This is clear in the sales price vs list price, which has risen to 104.9% from a consistent 103%, and the speed of market turnover (how long a house is on the market) which has remained low, usually under a month, as far back as we can see on these charts. Further in the article, we’ll check in on the condo market, too.

Here’s a glance at the single family home statistics and trends for closings and listings for last month – updated each month on about the 5th – 10th on my RE Report site for realty stats & trends in Santa Clara:

Santa Clara Stats At A Glance

Year-Over-Year

  • Median home prices increased by 14.4% year-over-year to $1,070,000 from $935,000.
  • The average home sales price rose by 14.8% year-over-year to $1,131,820 from $986,156.
  • Home sales fell by 45% year-over-year to 33 from 60.
  • Active listings fell 5% year-over-year to 38 from 40.
  • Sales price vs. list price ratio fell by 0.8% year-over-year to 104.9% from 105.7%.
  • The average days on market rose by 20.1% year-over-year to 24 from 20.

Compared To Last Month

  • Median home prices improved by 8.5% to $1,070,000 from $986,500.
  • The average home sales price rose by 5.7% to $1,131,820 from $1,070,430.
  • Home sales down by 23.3% to 33 from 43.
  • Active listings dropped 28.3% to 38 from 53.
  • Sales price vs. list price ratio increased by 1.8% to 104.9% from 103.0%.
  • The average days on market dropped by 23.2% to 24 from 31.
Inventory is down from a year ago, and demand isn’t letting up. The sales prices are up year over year. The sale price to list price ratio has risen to 104.9% and the days on market have dropped back down to 24, all indicating a continued, though slightly cooling, seller’s market.

Santa Clara list prices of houses for sale by zip codes (95050, 95051, 95054)

In addition to the RE Report, I also have a subscription to Altos Research, which uses list prices (not sold ones) for tracking the pulse of the market. Here see list prices by zip code, as well as the city of Santa Clara as a whole – note how different they are! If we teased it out even more, by price point, school district or exact location, we would see a myriad of “micro markets.” In the chart below, it’s very clear the real estate trends vary from one Santa Clara zip code to the next. If we pulled it apart further and checked each zip code by price quartile, there’d be differences there also, as the low end and high end segments are often very, very different from each other.

Real Estate Market Chart by Altos Research www.altosresearch.com

Santa Clara condominium and townhouse market

The condo and townhouse market in Santa Clara is likewise a hot market. Please click on link for full details on Santa Clara condominiums and townhomes on my Santa Clara County RE Report:

Santa Clara list prices of condos & townhomes for sale by zip codes (95050, 95051, 95054)

Real Estate Market Chart by Altos Research www.altosresearch.com

 

For information on buying or selling residential real estate in the city of Santa Clara, please contact me for a personal, private, no obligation consultation.

  1. 3 beds, 1 full bath
    Home size: 897 sq ft
    Lot size: 5,314 sqft
    Year built: 1954
  2. 3 beds, 2 full baths
    Home size: 1,479 sq ft
    Lot size: 6,011 sqft
    Year built: 1946
  3. 3 beds, 2 full, 1 half baths
    Home size: 1,894 sq ft
    Lot size: 1,219 sqft
    Year built: 2003
  4. 1 bed, 1 full bath
    Home size: 908 sq ft
    Lot size: 914 sqft
    Year built: 2005
  5. 3 beds, 2 full, 1 half baths
    Home size: 3,783 sq ft
    Lot size: 10,802 sqft
    Year built: 1974

See all Real estate in the city of Santa Clara.
(all data current as of 2/20/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
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San Mateo County, and
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Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


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