March was yet another busy month in Santa Clara real estate. 87 homes came on the market in March, 46 homes closed and the days on market averaged around 34 days. Sellers should have been content with performance since on average 100.23% of the home list price was achieved, another indicator that values are increasing.


Out of the homes sold 7 were bank owned or REO homes and 6 were short sales, so just 13 total distressed sales in all or about 28% of total sales.

List PriceStreet AddressDOMSale PriceClose DateAdditional Listing Info
1
$499,999
1736 OSWALD PL6$490,0003/26/2010Normal
2
$599,000
4556 CHEENEY ST11$637,0003/25/2010Normal
3
$888,888
466 GIANNINI DR4$920,0003/24/2010Normal
4
$595,000
3079 BARKLEY AVE7$626,2003/23/2010Normal
5
$569,000
607 CRESTVIEW DR6$569,0003/23/2010Normal
6
$718,000
753 VALLEY WAY9$738,0003/16/2010Normal
7
Price reduced from $575,000 (-$25,050)$549,950
613 SAN MIGUEL AVE23$560,0003/24/2010Normal
8
$579,888
270 WESTRIDGE DR10$600,0003/2/2010Normal
9
$778,000
4405 LAIRD CIR20$752,0003/25/2010Normal
10
$914,500
1751 HOMESTEAD RD8$890,0003/31/2010Normal
11
$559,000
1112 CROWLEY AVE7$585,0003/11/2010Normal
12
$625,000
1475 BARBARA DR9$627,5003/10/2010Normal
13
$565,000
2392 BOXWOOD DR8$585,0003/16/2010Normal
14
$499,900
1762 HIGGINS AVE13$536,0003/12/2010REO
15
$1,199,880
4132 MARSTON LN9$1,190,0003/16/2010Normal
16
$769,000
4238 TOBIN CIR10$765,0003/16/2010Normal
17
$499,950
1817 CLIFFORD ST6$500,0003/9/2010Normal
18
$599,500
3557 SUNNYDAYS LN26$602,1013/20/2010Normal
19
$488,888
1930 LARSEN PL22$520,0003/26/2010Normal
20
$748,000
3410 TRACY DR7$770,0003/5/2010Normal
21
$650,000
3240 ORTHELLO WAY6$680,0003/16/2010Normal
22
$599,500
2803 RAMONA CT21$555,0003/4/2010REO
23
$445,000
785 ORKNEY AVE9$480,0003/19/2010Normal
24
$499,900
2163 BENTON ST10$512,0002/26/2010Normal
25
$439,900
2180 EL CAPITAN AVE6$440,0003/11/2010REO
26
Price reduced from $668,800 (-$28,900)$639,900
1778 HIGGINS AVE45$570,0003/9/2010Normal
27
Price reduced from $729,500 (-$10,000)$719,500
365 SLOAT CT50$710,0003/30/2010Normal
28
$525,000
1862 MARKET ST30$526,0003/5/2010REO
29
Price reduced from $649,950 (-$24,950)$625,000
3490 NOTRE DAME DR43$615,0002/25/2010Normal
30
$555,888
1177 MORTON AVE57$580,0003/12/2010Normal
31
Price reduced from $695,000 (-$20,000)$675,000
429 KIELY BL63$660,0003/22/2010Normal
32
Price reduced from $775,000 (-$25,050)$749,950
2851 FARGHER DR81$695,7003/24/2010Normal
33
Price reduced from $610,800 (-$12,000)$598,800
2055 KIMBERLIN PL91$592,0003/30/2010REO
34
Price reduced from $899,000 (-$50,000)$849,000
2188 TULIP RD61$849,0003/9/2010Normal
35
$499,000
3528 SHAFER DR55$506,0003/11/2010Normal
36
$790,000
2780 GLORIETTA CIR10$826,0001/14/2010Normal
37
$539,000
1284 CROWLEY AVE16$505,0003/26/2010Short Sale
38
Price reduced from $355,000 (-$30,000)$325,000
2109 MAIN ST68$325,0003/9/2010REO
39
Price reduced from $499,999 (-$19,999)$480,000
2223 NEWHALL ST97$470,0003/17/2010Short Sale
40
$330,000
2522 BORAX DR0$340,0003/11/2010Short Sale
41
$575,000
3178 AGATE DR27$615,0003/30/2010Short Sale
42
$699,950
1807 HENNING PL77$696,0003/11/2010Normal
43
$379,900
1303 KIELY BL15$354,0003/5/2010REO
44
Price reduced from $748,000 (-$19,000)$729,000
875 POPLAR ST157$700,0001/8/2010Normal
45
Price reduced from $380,000 (-$10,000)$370,000
2799 AGATE DR393$310,0002/26/2010Short Sale
46
Price reduced from $559,000 (-$30,000)$529,000
2248 SCHOTT CT330$531,0003/10/2010Short Sale

Inventory has also been climbing.  Currently inventory in Santa Clara is hovering around 95 homes for sale and will soon break the century mark.  With the home buyer credit soon to expire, the second half of the year may really see a slow down in buyer activity and with increased inventory prices may stabilize or even drop.

[altos_chart st=”CA” cid=”87″ zid=”2897636″ rt=”sf” ra=”a,c” q=”a” left=”median_inventory” size=”m” timeSpan=”e” endDate = “2010-04-16” /]

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