The month of October saw 44 homes sell in Santa Clara which was 30% lower than the previous month which saw 65 homes sell. The market has been hot in October with many of the listings sold within 2 weeks of being on the market and many with multiple offers.  The month also saw a number of short sales close that had been on the market 300 days.  Currently the Santa Clara market has 78 homes on the market.  This number I estimate will drop to the 50’s by the end of the year.  Most of the current homes on the market are lingering listings.  Very few new listings are coming out and most are rough properties.  Another interesting note is the number of price reductions are fewer than last month’s.  October saw 22% of the closed listings experience price reductions, where September experienced 32%.

The fed is indicating that they will keep rates down, congress and the president have extended the first time home buyer credit and have even extended it to higher income households.   With low rates and low inventory we may be info a very competitive market in 2010 full of multiple offers and rising prices.

We are midway through November now and many homes that have not sold in the prior months have gone into contract, a sure sign of the market heating up.

List PriceStreet AddressDOMSale PriceClose Date
1
$321,500
2572 AMETHYST DR9$385,0009/22/2009
2
$365,900
2452 PAINTED ROCK DR8$365,0009/30/2009
3
$387,900
4669 SNEAD DR23$450,00010/23/2009
4
$389,000
1755 FRANCK AVE6$450,00010/27/2009
5
$399,900
1373 LAS PALMAS DR7$410,00010/30/2009
6
Price reduced from $480,000 (-$60,000)$420,000
2140 MONTEREY AVE315$460,00010/23/2009
7
$424,900
1779 EBERHARD ST12$450,00010/15/2009
8
$432,500
840 BAIRD AVE24$481,00010/9/2009
9
$490,000
1124 JACKSON ST0$490,00010/27/2009
10
$499,000
1837 WADE AVE8$545,00010/16/2009
11
$525,000
465 SARATOGA AVE UNIT QUIET END10$526,0009/28/2009
12
$529,000
606 N MONROE ST1$529,00010/23/2009
13
Price reduced from $549,000 (-$10,000)$539,000
2968 CHROMITE DR77$512,00010/1/2009
14
$545,000
3343 SNIVELY AVE5$545,00010/14/2009
15
$549,000
2202 PEACHTREE LN25$536,40010/12/2009
16
Price increased from $549,888 (+$62)$549,950
1851 CATHERINE ST317$540,0009/24/2009
17
$550,000
2443 BORAX DR10$775,00010/14/2009
18
$564,900
3878 WILLOW WAY11$569,00010/5/2009
19
$566,000
3361 TRACY DR6$690,00010/15/2009
20
$575,000
759 LAYTON ST21$570,00010/16/2009
21
$588,000
2347 OSBORNE AVE8$585,00010/1/2009
22
$599,000
3433 LONDONDERRY DR9$620,00010/1/2009
23
Price reduced from $649,888 (-$50,000)$599,888
2331 REGINA CT215$560,0009/29/2009
24
$625,000
732 FLANNERY ST8$599,00010/6/2009
25
$649,950
2062 CALABAZAS BL17$630,00010/23/2009
26
$659,000
734 RIDGE RD8$695,00010/28/2009
27
$675,000
2495 BENTON ST33$668,00010/1/2009
28
$678,000
601 CAMINO DR20$650,00010/1/2009
29
$689,000
769 BAYLOR DR6$705,00010/16/2009
30
Price reduced from $750,000 (-$51,000)$699,000
654 TULANE DR93$671,0009/30/2009
31
$779,000
4360 LAIRD CIR14$765,00010/30/2009
32
Price reduced from $799,950 (-$20,000)$779,950
3020 PRUNERIDGE AVE48$765,00010/1/2009
33
Price reduced from $799,000 (-$10,000)$789,000
3754 PRUNERIDGE AVE53$760,00010/3/2009
34
Price reduced from $899,000 (-$100,000)$799,000
1350 VIA DONDERA56$750,00010/8/2009
35
Price reduced from $835,000 (-$35,050)$799,950
781 CORNELL DR46$785,00010/2/2009
36
$801,888
416 GIANNINI DR108$685,00010/9/2009
37
$838,000
2380 SUNNY VISTA DR17$765,00010/9/2009
38
Price reduced from $859,000 (-$112)$858,888
155 RODONOVAN DR123$770,00010/16/2009
39
Price reduced from $899,000 (-$24,000)$875,000
932 GARRITY WAY35$855,00010/15/2009
40
$895,000
4321 MARSTON LN9$890,00010/23/2009
41
$899,980
4304 MARSTON LN7$906,00010/1/2009
42
$998,000
1022 BRACKETT WAY25$1,017,00010/16/2009
43
$1,029,000
1158 DOYLE CIR50$1,005,00010/16/2009
44
$1,050,000
1260 HARRISON ST11$900,00010/16/2009

Santa Clara Real Estate Guy

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