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Update on the Santa Clara real estate market: The realty market in the city of Santa Clara, like the rest of Silicon Valley, is one in which the sellers have a strong upper hand.
Below there are charts for the activities over the last few months. Low inventory from the past year and continuous low inventory around the rest of the Valley means there is still a much greater demand to fill than properties available. This is clear in the sales price vs list price, which at it’s current high of 119.5%, and has been on the rise after staying near 110% for months. Also, the speed of market turnover (how long a house is on the market) has remained low as far back as we can see on these charts and in under a month. Further in the article, we’ll check in on the condo market, too.
Here’s a glance at the Santa Clara real estate market for single family homes. See the 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:
Trends at a Glance
The single family home market is up from last year, but sliding month over month right now. This sometimes happens in the second half of the year and may be a seasonal trend.
| Trends At a Glance | Sep 2018 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,329,000 (-10.2%) | $1,480,000 | $1,300,000 (+2.2%) |
| Average Price | $1,417,710 (-3.1%) | $1,462,530 | $1,340,990 (+5.7%) |
| No. of Sales | 32 (-25.6%) | 43 | 60 (-46.7%) |
| Pending | 46 (+64.3%) | 28 | 33 (+39.4%) |
| Active | 55 (+37.5%) | 40 | 19 (+189.5%) |
| Sale vs. List Price | 103.1% (-1.6%) | 104.8% | 110.9% (-7.0%) |
| Days on Market | 14 (-50.7%) | 28 | 14 (-5.0%) |
| Days of Inventory | 50 (+78.6%) | 28 | 9 (+442.8%) |
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.
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:
Trends at a Glance
The Santa Clara condo and townhome market is red hot, up 27% from a year ago!
| Trends At a Glance | Sep 2018 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,030,000 (+5.1%) | $980,000 | $810,000 (+27.2%) |
| Average Price | $1,087,200 (+8.0%) | $1,007,000 | $850,571 (+27.8%) |
| No. of Sales | 20 (-20.0%) | 25 | 28 (-28.6%) |
| Pending | 20 (-13.0%) | 23 | 28 (-28.6%) |
| Active | 47 (+113.6%) | 22 | 13 (+261.5%) |
| Sale vs. List Price | 103.7% (-4.1%) | 108.1% | 110.8% (-6.4%) |
| Days on Market | 14 (-13.0%) | 16 | 13 (+1.3%) |
| Days of Inventory | 68 (+158.1%) | 26 | 13 (+406.2%) |
Santa Clara list prices of condos & townhomes for sale by zip codes (95050, 95051, 95054)
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.
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$824,950 : 3901 Lick Mill BLVD 149, SANTA CLARA1 bed, 1 bath
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$1,149,950 : 2805 Cozumel CIR, SANTA CLARA3 beds, 3 baths
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$1,598,000 : 3358 Vanderbilt WAY, SANTA CLARA3 beds, 2 baths
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$908,000 : 1174 Madison ST, SANTA CLARA2 beds, 2 baths
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$1,695,000 : 3282 Colgate AVE, SANTA CLARA3 beds, 2 baths
See all Real estate in the city of Santa Clara.
(all data current as of
10/20/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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