2019 December home sales in Santa Clara consisted of 39 single-family homes that closed escrow, a decrease from the 48 homes sold in November. Average days on market heald steady at 23 days, and median days increased to 13 from 10.
The average price of a home sold in December 2019 was $1.38M which is about $80K higher than last month’s figure of $1.3M. The Median price home sold was $1.4M, which is about $50K higher than November’s median price.
The average cost per square foot increased from $888 per sqft. to $899. Of the 39 homes sold in December, 22 sold over asking. On average homes sold 2.4% over asking which is the same rate in the previous month.
We started the month of December with 15 active listings and finished with just 5 active listings in all of Santa Clara.
I can’t remember a time where there were only 5 available single-family homes on the market in Santa Clara. This is definitely the lowest level of inventory I have ever seen.
The 39 home sales in December is an indication of how strong the buying activity is. Couple that with low inventory, low-interest rates, and we have conditions set for rising prices.
When the market inventory reaches levels this low, home values usually go up considerably. I am hesitant to say that this will happen immediately since the last time the market reacted like this was less than 2 years ago and it may still be fresh in the minds of buyers.
Santa Clara Market Reports
The Altos Research Market Action Index for single-family homes in Santa Clara has risen to 66 from 60 where it was last month. For more detailed reports on Santa Clara and Santa Clara Zip codes, you can access the reports here.
Santa Clara Report
95051 Report
95050 Report
95054 Report
I expect buyers to proceed cautiously but eventually, buyer’s needs and rising prices will overwhelm rationality and at some point, in the next few months we will have a very heated market.
For sellers, even in this year of uncertainty with the looming election this may prove to be a great time to sell and get a great price.
Buyers, the conditions are not in your favor as we are moving into a strong seller’s market. When the market gets heated to make sure you are fully prepared. That means your loan has been pre-underwritten. Be diligent and actively be looking at homes with your agent to give yourself as much time as you can to make that important decision.
Santa Clara Home Sales December 2019
| Street Address | List Price | Price | DOM | Beds Total | Bths | Sq Ft Total | Age |
| 2654 Taft Avenue | $2,299,000 | $2,400,000 | 15 | 4 | 2|1 | 2,537 | 46 |
| 2889 Toyon Drive | $1,650,000 | $1,745,000 | 3 | 3 | 2|0 | 1,442 | 56 |
| 1728 Pomeroy Avenue | $1,580,000 | $1,680,000 | 20 | 3 | 3|0 | 1,835 | 0 |
| 197 Douglane Avenue | $1,700,000 | $1,666,500 | 22 | 4 | 3|0 | 2,186 | 70 |
| 979 White Drive | $1,498,000 | $1,640,000 | 5 | 4 | 2|0 | 1,802 | 64 |
| 761 Woodhams Road | $1,429,000 | $1,601,000 | 9 | 4 | 3|0 | 1,962 | 58 |
| 727 Asbury Place | $1,398,000 | $1,588,888 | 9 | 4 | 3|0 | 2,473 | 62 |
| 467 Maria Court | $1,578,000 | $1,550,000 | 8 | 3 | 2|0 | 1,661 | 68 |
| 624 Los Olivos Drive | $1,398,889 | $1,530,150 | 9 | 4 | 2|0 | 1,520 | 63 |
| 550 Hilmar Street | $1,575,000 | $1,520,000 | 7 | 3 | 3|0 | 2,031 | 84 |
| 2761 Pruneridge Avenue | $1,499,000 | $1,500,000 | 5 | 4 | 2|0 | 1,728 | 59 |
| 3546 Dominican Drive | $1,497,000 | $1,475,000 | 111 | 5 | 2|0 | 1,772 | 60 |
| 2920 Fresno Street | $1,199,000 | $1,450,000 | 1 | 4 | 2|0 | 1,406 | 71 |
| 2262 De Paul Place | $1,400,000 | $1,440,000 | 7 | 3 | 2|0 | 1,085 | 61 |
| 3441 Eden Drive | $1,498,000 | $1,440,000 | 39 | 5 | 2|0 | 2,000 | 59 |
| 23 Linden Drive | $1,499,000 | $1,430,000 | 30 | 3 | 3|0 | 2,520 | 71 |
| 2455 Painted Rock Drive | $1,358,000 | $1,425,000 | 6 | 3 | 2|0 | 1,448 | 65 |
| 580 Park Court | $1,448,000 | $1,420,000 | 46 | 3 | 2|0 | 1,689 | 94 |
| 2250 Bohannon Drive | $1,399,950 | $1,400,000 | 13 | 3 | 2|0 | 1,475 | 67 |
| 921 Warburton Avenue | $1,498,888 | $1,400,000 | 25 | 4 | 3|0 | 2,288 | 1 |
| 4357 Watson Circle | $1,350,000 | $1,355,000 | 11 | 3 | 3|0 | 1,590 | 15 |
| 4226 Tobin Circle | $1,348,000 | $1,303,000 | 146 | 3 | 3|1 | 1,657 | 16 |
| 2160 Stebbins Avenue | $1,350,000 | $1,300,000 | 17 | 3 | 2|0 | 1,639 | 60 |
| 2348 Dundee Drive | $1,099,700 | $1,288,000 | 36 | 3 | 1|0 | 1,207 | 59 |
| 2333 Homestead Road | $1,274,998 | $1,280,000 | 13 | 4 | 3|0 | 1,676 | 27 |
| 2129 Hoover Court | $1,249,000 | $1,270,000 | 13 | 3 | 2|0 | 1,252 | 56 |
| 1385 Lewis Street | $1,399,000 | $1,250,000 | 32 | 3 | 2|0 | 1,464 | 99 |
| 1749 Jones Avenue | $1,098,000 | $1,246,000 | 8 | 3 | 2|0 | 1,080 | 65 |
| 2271 Menzel Place | $1,150,000 | $1,220,000 | 4 | 3 | 2|0 | 1,181 | 65 |
| 2086 Del Monte Avenue | $1,198,000 | $1,207,000 | 18 | 3 | 2|0 | 1,240 | 63 |
| 150 Kit Carson Court | $1,125,000 | $1,200,000 | 4 | 3 | 2|0 | 1,143 | 64 |
| 124 Brookside Avenue | $1,350,000 | $1,200,000 | 39 | 3 | 2|0 | 1,518 | 72 |
| 3531 Shafer Drive | $988,888 | $1,188,000 | 2 | 3 | 2|0 | 1,166 | 65 |
| 1645 Harrison Street | $1,189,000 | $1,175,000 | 52 | 2 | 1|0 | 1,210 | 73 |
| 3426 Victoria Avenue | $1,168,000 | $1,162,000 | 42 | 3 | 1|0 | 1,068 | 65 |
| 446 Greenwood Drive | $1,100,000 | $1,100,000 | 0 | 4 | 2|0 | 1,666 | 50 |
| 4034 Cheeney Street | $1,118,899 | $1,025,000 | 21 | 4 | 2|0 | 1,349 | 67 |
| 967 Baird Avenue | $947,888 | $956,000 | 9 | 3 | 2|0 | 1,097 | 57 |
| 1945 Washington Street | $939,000 | $950,000 | 38 | 2 | 1|0 | 997 | 73 |
November 2019 home sales CLICK HERE.
October 2019 home sales CLICK HERE.
September 2019 home sales CLICK HERE.
August 2019 home sales CLICK HERE.
July 2019 home sales CLICK HERE.
June 2019 home sales CLICK HERE.
May 2019 home sales CLICK HERE.
April 2019 home sales CLICK HERE.
March 2019 home sales CLICK HERE.
February 2019 home sales CLICK HERE.
January 2019 home sales CLICK HERE.
December 2018 home sales CLICK HERE.
November 2018 home sales CLICK HERE.
October 2018 home sales CLICK HERE.
September 2018 home sales CLICK HERE.
August 2018 home sales CLICK HERE.
July 2018 home sales CLICK HERE.
June 2018 home sales CLICK HERE.
May 2018 home sales CLICK HERE.
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