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 Price	Street Address	DOM	Sale Price	Close Date	Additional Listing Info
1	$499,999	1736 OSWALD PL	6	$490,000	3/26/2010	Normal
2	$599,000	4556 CHEENEY ST	11	$637,000	3/25/2010	Normal
3	$888,888	466 GIANNINI DR	4	$920,000	3/24/2010	Normal
4	$595,000	3079 BARKLEY AVE	7	$626,200	3/23/2010	Normal
5	$569,000	607 CRESTVIEW DR	6	$569,000	3/23/2010	Normal
6	$718,000	753 VALLEY WAY	9	$738,000	3/16/2010	Normal
7	$549,950	613 SAN MIGUEL AVE	23	$560,000	3/24/2010	Normal
8	$579,888	270 WESTRIDGE DR	10	$600,000	3/2/2010	Normal
9	$778,000	4405 LAIRD CIR	20	$752,000	3/25/2010	Normal
10	$914,500	1751 HOMESTEAD RD	8	$890,000	3/31/2010	Normal
11	$559,000	1112 CROWLEY AVE	7	$585,000	3/11/2010	Normal
12	$625,000	1475 BARBARA DR	9	$627,500	3/10/2010	Normal
13	$565,000	2392 BOXWOOD DR	8	$585,000	3/16/2010	Normal
14	$499,900	1762 HIGGINS AVE	13	$536,000	3/12/2010	REO
15	$1,199,880	4132 MARSTON LN	9	$1,190,000	3/16/2010	Normal
16	$769,000	4238 TOBIN CIR	10	$765,000	3/16/2010	Normal
17	$499,950	1817 CLIFFORD ST	6	$500,000	3/9/2010	Normal
18	$599,500	3557 SUNNYDAYS LN	26	$602,101	3/20/2010	Normal
19	$488,888	1930 LARSEN PL	22	$520,000	3/26/2010	Normal
20	$748,000	3410 TRACY DR	7	$770,000	3/5/2010	Normal
21	$650,000	3240 ORTHELLO WAY	6	$680,000	3/16/2010	Normal
22	$599,500	2803 RAMONA CT	21	$555,000	3/4/2010	REO
23	$445,000	785 ORKNEY AVE	9	$480,000	3/19/2010	Normal
24	$499,900	2163 BENTON ST	10	$512,000	2/26/2010	Normal
25	$439,900	2180 EL CAPITAN AVE	6	$440,000	3/11/2010	REO
26	$639,900	1778 HIGGINS AVE	45	$570,000	3/9/2010	Normal
27	$719,500	365 SLOAT CT	50	$710,000	3/30/2010	Normal
28	$525,000	1862 MARKET ST	30	$526,000	3/5/2010	REO
29	$625,000	3490 NOTRE DAME DR	43	$615,000	2/25/2010	Normal
30	$555,888	1177 MORTON AVE	57	$580,000	3/12/2010	Normal
31	$675,000	429 KIELY BL	63	$660,000	3/22/2010	Normal
32	$749,950	2851 FARGHER DR	81	$695,700	3/24/2010	Normal
33	$598,800	2055 KIMBERLIN PL	91	$592,000	3/30/2010	REO
34	$849,000	2188 TULIP RD	61	$849,000	3/9/2010	Normal
35	$499,000	3528 SHAFER DR	55	$506,000	3/11/2010	Normal
36	$790,000	2780 GLORIETTA CIR	10	$826,000	1/14/2010	Normal
37	$539,000	1284 CROWLEY AVE	16	$505,000	3/26/2010	Short Sale
38	$325,000	2109 MAIN ST	68	$325,000	3/9/2010	REO
39	$480,000	2223 NEWHALL ST	97	$470,000	3/17/2010	Short Sale
40	$330,000	2522 BORAX DR	0	$340,000	3/11/2010	Short Sale
41	$575,000	3178 AGATE DR	27	$615,000	3/30/2010	Short Sale
42	$699,950	1807 HENNING PL	77	$696,000	3/11/2010	Normal
43	$379,900	1303 KIELY BL	15	$354,000	3/5/2010	REO
44	$729,000	875 POPLAR ST	157	$700,000	1/8/2010	Normal
45	$370,000	2799 AGATE DR	393	$310,000	2/26/2010	Short Sale
46	$529,000	2248 SCHOTT CT	330	$531,000	3/10/2010	Short 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” /]