Santa Clara Home Sales February 2019

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February-2019

2019 February home sales in Santa Clara consisted of 39 single family homes that closed escrow, an increase from the 26 homes sold in January.  Average days on market decreased to 22 days from 35 the prior month, and median days decreased to 11 from 27. The average price of a home sold in February 2019 was $1.37M which is about $90K higher than last month’s figure of $1.28M and $70k higher than the previous month at $1.3M. The Median price home sold was $1.37M, which is above January’s median price of 1.21M. Average cost per square foot increased from $912 per sqft. to $940. Of the 39 homes sold in February, 15 sold over asking. On average 3.4% over asking compared to 1.8% under asking in the previous month.

The market has recently been experiencing multiple offers due to limited or low inventory and a shift in policy by the FED that dropped rates about half a percent.  Currently, there are 51 homes on the market as of the end of the month.  At the beginning of January, we started with just 30 homes and grew to 43 in February. The market has been very active in the last few weeks with homes selling over list price.  However, we are starting at the highest level of inventory in the last 7 years so I expect inventory levels to be higher this year.

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
756 Armanini Avenue $1,050,000 $1,100,000 10 2 1|0 836 69
225 Bret Harte Court $1,549,888 $1,420,000 84 4 3|0 1,658 63
3565 Brothers Lane $1,688,000 $1,680,000 0 4 3|1 2,462 1
3569 Brothers Lane $1,688,000 $1,680,000 16 4 3|1 2,462 0
673 Bucher Avenue $949,000 $1,052,000 18 3 2|0 1,230 65
4392 Burdick Lane $2,280,000 $2,450,000 9 5 4|0 3,113 15
2640 Castello Way $1,140,000 $1,135,000 9 4 2|0 1,158 59
2305 Cimarron Drive $1,398,000 $1,501,000 8 5 3|0 2,093 51
2186 Del Monte Avenue $1,349,000 $1,340,000 9 3 2|0 1,240 63
2526 Dixon Drive $1,299,000 $1,270,000 63 4 3|0 1,986 63
2287 Dolores Avenue $1,799,950 $1,753,400 23 4 3|1 2,420 65
3522 Eastin Place $1,388,000 $1,480,800 7 3 3|1 1,861 14
2904 El Sobrante St $1,399,500 $1,325,124 19 3 2|1 1,162 69
1545 Farmer Place $1,518,888 $1,518,888 12 3 4|0 1,998 10
3465 Forest Avenue $900,000 $1,250,000 7 3 2|0 1,141 64
3433 Fowler Avenue $1,499,000 $1,600,000 10 4 2|0 1,535 65
2888 Fresno Street $988,000 $1,150,000 9 3 1|0 1,236 71
3048 Fresno Street $888,888 $1,000,000 0 2 1|0 1,162 69
3160 Humbolt Avenue $1,388,000 $1,380,000 10 3 2|0 1,384 68
1189 Inverness Avenue $1,500,000 $1,400,000 32 3 3|0 2,011 68
2543 Johnson Place $1,248,000 $1,200,000 45 3 2|0 1,340 61
2159 Kingsbury Circle $1,095,000 $1,105,000 59 3 2|1 1,400 18
1719 Lawrence Road $1,748,000 $1,740,000 0 5 3|1 2,556 1
1637 Long Street $1,425,000 $1,445,000 53 3 2|1 1,618 67
976 Los Padres Boulevard $1,110,000 $1,100,000 14 3 1|1 1,156 67
3220 Machado Avenue $1,395,000 $1,330,000 84 3 2|0 1,078 63
991 Madeline Lane $1,148,000 $1,148,000 13 3 2|0 1,476 67
3628 Magellan Avenue $1,549,000 $1,500,000 65 3 2|0 1,147 61
654 Malarin Avenue $1,698,000 $1,666,000 21 4 3|0 1,793 67
2517 Marchese Way $1,389,000 $1,389,000 11 4 3|0 1,812 59
945 Maryann Drive $1,098,000 $1,160,000 7 3 1|0 1,036 66
2870 Mauricia Avenue $1,575,000 $1,516,000 9 3 2|0 1,242 57
3525 Notre Dame Drive $1,279,000 $1,350,000 8 3 2|0 1,328 62
3463 San Marcos Way $1,250,000 $1,400,000 8 3 2|0 1,212 65
1224 Sherwood Avenue $898,888 $898,888 7 2 1|0 744 26
1026 Sunset Drive $999,000 $1,178,000 7 4 2|0 1,495 69
3749 Swallow Way $1,728,000 $1,682,000 66 4 3|0 1,700 57
3559 Warburton Avenue $1,748,000 $1,748,000 18 5 3|1 2,554 0
3561 Warburton Avenue $1,728,000 $1,728,000 0 4 3|1 2,695 1

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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