Average Days on Market and Sale Price to List Price Ratio in Santa Clara County Communities

Today let’s look at the Santa Clara County real estate market, the days on market (DOM) and the sale price to list price ratio for houses and duet homes (single family homes). This will primarily be graphs that I created using MLSListings.com (our local MLS, to which I am a paying member).  We’ll consider the county as a whole and various cities or towns within it, plus areas of San Jose, as it has about a million residents.

First: Santa Clara County homes over the last year.  Please note the decreasing days on market, the increasing sale price to list price ratio in recent months.  This is exactly what an appreciating market looks like!

 

Santa Clara County average days on market and sale price to list price ratio

Santa Clara County average days on market and sale price to list price ratio

 

Next, let’s have a peek at how some of the hottest markets in Silicon Valley look, starting with Sunnyvale. It is odd to see any kind of a blip on the sale price to list price ratio.  Are buyers giving some push-back?  We keep hearing stories of homes selling 30% or more over list price with gobs of offers.  So the SP – LP ratio change is a surprise.

 

Sunnyvale average days on market and sale price to list price ratio Sunnyvale

Sunnyvale average days on market and sale price to list price ratio Sunnyvale

 

Palo Alto is always the hottest ticket in town. (more…)