Santa Clara Home Sales August 2019

2019 August home sales in Santa Clara consisted of 43 single-family homes that closed escrow, a decrease from the 56 homes sold in July.  Average days on market increased to 29 days from 25 days, and median days increased to 15 from 14. The average price of a home sold in August 2019 was $1.37M which is about $30K lower than last month’s figure of $1.4M.

The Median price home sold was $1.3M, which is about $60K lower than July’s median price. The average cost per square foot decreased from $887 per sqft. to $827. Of the 43 homes sold in July, 23 sold over asking. On average 0.8% over asking compared to 1.2% over asking in the previous month.

We are experiencing an interesting market. Inventory has dropped and sales have dropped, interest rates are also very low, but prices continue to settle lower. Our current market is demonstrating that buyers are being very patient in their home-buying decisions, and motivated sellers are dropping their prices to entice offers.

Now that the summer is coming to an end, and school is back in session we have noticed a higher uptick in inventory from August. This will likely continue the trend of the market softening until things tighten up in the winter. How much, well that depends on inventory.

As always be sure to continue to monitor the inventory trends. Especially in the next couple of weeks, because it will tell us about what to expect in the months ahead.

For sellers, buyers need to have a compelling reason to buy your home, and that compelling reason maybe price. If you don’t want it to be the price, you have to look at other reasons to build value in the eyes of the buyers.

Buyers, the conditions for buying continue to be better. Rates are lower and prices are settling. No one is absolutely sure where the market is headed, but now you have the fortune of being more selective on your real estate decision. Here is a recent video I did regarding some buyers I helped recently.

Santa Clara Home Sales August 2019

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
2751 Forbes Avenue $1,430,000 $1,300,000 51 3 3|0 1,931 64
1463 Blackfield Drive $1,199,900 $1,100,000 54 4 2|0 1,790 67
2349 Menzel Place $1,379,000 $1,270,000 40 4 3|0 1,807 65
1901 Worthington Circle $1,998,000 $1,881,350 13 4 3|0 2,390 6
4003 Cheeney Street $998,000 $940,000 57 2 1|0 1,164 72
673 Malarin Avenue $1,298,000 $1,235,000 90 4 3|0 1,946 68
2734 Barkley Avenue $1,340,000 $1,278,000 50 8 4|0 2,218 63
4672 Wilcox Avenue $1,199,999 $1,156,000 63 3 2|1 1,599 21
4173 Marston Lane $1,499,800 $1,450,000 30 3 2|1 1,754 16
3216 San Juan Avenue $1,699,500 $1,652,000 47 4 3|0 1,885 0
2455 Painted Rock Drive $1,200,000 $1,170,000 4 3 2|0 1,448 65
590 Park Court $1,149,000 $1,125,000 57 3 1|0 1,434 94
2665 Maplewood Lane $1,999,950 $1,968,000 71 3 2|0 2,146 49
2481 Austin Place $1,250,000 $1,240,000 7 3 2|0 1,340 62
2497 Hart Avenue $1,350,000 $1,340,000 26 3 2|0 1,340 62
1711 Santa Cruz Avenue $1,680,000 $1,670,000 42 3 3|0 2,168 9
2360 Harrison Street $1,199,999 $1,192,999 7 3 2|0 1,229 64
1679 Los Padres Boulevard $1,100,000 $1,100,000 9 3 2|0 1,121 69
462 Muriel Court $1,898,000 $1,898,000 64 5 3|0 2,423 59
1922 Worthington Circle $1,499,000 $1,499,000 95 3 2|1 1,905 5
1186 Los Padres Boulevard $1,199,000 $1,200,000 14 3 1|1 1,330 65
412 Greenwood Drive $1,198,000 $1,200,000 20 3 2|0 1,543 52
2388 Manhattan Place $1,350,000 $1,355,000 45 3 2|0 1,034 61
998 Garrity Way $1,999,000 $2,007,000 54 3 2|1 3,044 17
4645 Armour Drive $1,075,000 $1,080,000 5 5 3|0 1,994 59
724 Nicholson Avenue $1,398,000 $1,412,000 10 3 2|0 1,254 64
2639 Toledo Avenue $1,325,000 $1,340,000 8 3 2|0 1,166 65
2612 Monticello Way $1,549,000 $1,570,000 23 4 3|0 1,591 59
3126 San Juan Avenue $1,349,000 $1,380,000 8 4 3|0 2,033 61
4250 Marston Lane $1,688,000 $1,730,000 8 4 3|1 2,083 17
4724 Mangrum Drive $975,000 $1,000,000 51 4 2|0 1,167 59
546 Woodstock Way $1,198,000 $1,230,000 15 4 2|0 1,666 51
4171 Rivermark Parkway $2,249,000 $2,325,000 10 5 4|0 3,113 16
1863 Clifford Street $849,000 $880,000 7 2 1|0 766 73
4669 Snead Drive $1,050,000 $1,090,000 8 3 2|0 1,095 59
1791 Clay Street $1,298,000 $1,350,000 9 3 2|0 1,375 130
2632 Toledo Avenue $1,495,000 $1,597,000 12 4 2|0 1,884 62
1189 Inverness Avenue $1,448,888 $1,560,000 6 3 3|0 2,011 68
795 Hilmar Street $1,175,000 $1,270,000 7 3 2|0 1,400 78
3146 San Juan Avenue $1,288,000 $1,395,000 31 3 2|0 1,095 61
285 Crestview Drive $1,198,000 $1,305,000 7 3 2|0 1,351 63
1671 Triton Court $1,100,000 $1,200,000 8 3 2|1 1,730 29
2612 Meadowbrook Drive $799,000 $955,000 7 2 1|0 754 64

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.

Check out your home’s current value online, quick and free with our new Santa Clara Home Valuation Tool.

http://MySantaClaraHome.com

Planning to sell or just want to stay on top of the market, get our professional MARKET REPORTS by Altos Research.    Monitor inventory, prices, and market changes.

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