51 Homes in Santa Clara sold in July of this year. 10 of those homes were short sales and 11 were bank owened or REO. Total distressed sales were around 40% of total sales. Last month 49 homes sold in Santa Clara and 18 of those homes were distressed sales. Which isn’t too far off from this month’s numbers. May had 71 sold homes and 16 distressed sales. Overall sales have been slowing down for the last two months and while roughly same number of distressed sales have been occuring.

If you have been following the Santa Clara real estate market closely you would have noticed that inventory has been increasing. Mostly on the low end, but also in other market segments as well. Its good to see that homes are still selling, especially distressed properties, short sales and bank owned homes, which still continue to hit the market and are likely to do so for years to come.

Where do we go from here? This year has been a decent year for sellers and an improvement over the last few years. With interest rates so low we can expect the housing market to remain strong in the area. We are likely experiencing a seasonal adjustment. Typically the summer months do die down in sales so this is no shock. What is important now is monitoring inventory levels and how long homes are staying on the market. This will determine the likelihood of whether or not prices will hold or drop.

	List Price	Street Address	DOM	Sale Price	Close Date	Additional Listing Info
1	$329,000	1785 LONG ST	—	$240,000	7/28/2010	Normal Sale
2	$346,791	2525 AMETHYST DR	14	$380,000	7/21/2010	Short Sale
3	$375,000	1372 DON AVE	6	$410,000	7/7/2010	Short Sale
4	$390,000	1765 FRANCK AVE	41	$350,000	7/9/2010	Bank Owned
5	$399,000	1402 PACHECO ST	53	$425,000	7/1/2010	Short Sale
6	$399,000	612 ENRIGHT AVE	5	$439,000	7/22/2010	Short Sale
7	$427,000	3217 SAN JUAN AVE	9	$452,000	7/30/2010	Bank Owned
8	$459,000	2311 REGINA CT	89	$475,000	7/7/2010	Short Sale
9	$459,900	1780 SANTA CLARA ST	21	$420,000	7/27/2010	Bank Owned
10	$474,900	916 BAIRD AVE	81	$460,000	6/30/2010	Bank Owned
11	$475,000	871 CLYDE AVE	13	$475,000	7/7/2010	Short Sale
12	$475,000	242 MARIA ST	89	$470,000	7/16/2010	Bank Owned
13	$478,250	2268 BRAY AVE	57	$455,000	7/30/2010	Court Confirmation Is Required
14	$479,800	759 ORKNEY AVE	16	$470,000	6/23/2010	Bank Owned
15	$499,000	983 BLOSSOM DR	112	$510,000	7/2/2010	Short Sale
16	$499,000	2486 JOHNSON PL	6	$510,000	7/22/2010	Normal Sale
17	$500,000	2504 JOHNSON PL	7	$550,000	7/15/2010	Short Sale
18	$510,000	2625 SONOMA PL	12	$490,000	7/8/2010	Bank Owned
19	$515,000	756 BAIRD AVE	7	$521,000	6/24/2010	Normal Sale
20	$535,000	1049 LEITH AVE	19	$525,000	7/14/2010	Normal Sale
21	$538,000	588 N MONROE ST	8	$532,000	7/9/2010	Normal Sale
22	$538,000	2263 KENWOOD AVE	481	$525,500	6/30/2010	Short Sale
23	$549,000	965 LAS PALMAS DR	39	$542,000	7/29/2010	Normal Sale
24	$549,999	1913 BEECH ST	—	$565,000	6/18/2010	Short Sale
25	$550,000	2344 BOXWOOD DR	58	$550,000	7/19/2010	Normal Sale
26	$559,800	2305 ROSITA AVE	42	$554,800	7/30/2010	Normal Sale
27	$585,000	160 MARK TWAIN CT	567	$550,000	7/27/2010	Normal Sale
28	$585,000	2232 DE PAUL PL	8	$610,000	7/28/2010	Normal Sale
29	$585,000	3032 MILLAR AVE	62	$495,000	7/16/2010	Bank Owned
30	$589,888	2474 GLENDENNING AVE	8	$602,000	6/29/2010	Normal Sale
31	$589,950	2375 CABRILLO AVE	13	$595,000	7/8/2010	Normal Sale
32	$590,000	1166 FAIRFIELD AVE	16	$600,000	7/30/2010	Normal Sale
33	$599,900	4315 FILLMORE ST	64	$585,000	7/15/2010	Normal Sale
34	$607,900	3483 LONDONDERRY DR	15	$620,500	7/20/2010	Bank Owned
35	$618,000	3098 BUTTE ST	22	$618,000	6/5/2010	Normal Sale
36	$629,900	1183 CIVIC CENTER DR	182	$597,000	6/30/2010	Bank Owned
37	$640,000	2262 LENOX PL	8	$639,000	7/16/2010	Normal Sale
38	$675,000	510 N HENRY AVE	14	$680,000	7/14/2010	Normal Sale
39	$675,900	1244 BROADLEAF LN	13	$720,000	7/23/2010	Bank Owned
40	$677,766	3479 MACHADO AVE	12	$675,000	7/7/2010	Normal Sale
41	$688,888	2895 STEVENSON ST	58	$675,000	7/29/2010	Normal Sale
42	$694,800	4300 VERDIGRIS CIR	15	$710,000	6/4/2010	Normal Sale
43	$705,000	455 N CYPRESS AVE	48	$680,000	7/30/2010	Normal Sale
44	$775,000	2118 BAILEY PL	9	$788,000	7/20/2010	Normal Sale
45	$779,000	4230 TOBIN CIR	10	$758,000	7/27/2010	Normal Sale
46	$789,990	3563 DRUFFEL PL	32	$761,774	7/21/2010	Normal Sale
47	$849,000	453 FULTON CT	18	$829,000	7/29/2010	Normal Sale
48	$899,500	2792 SONOMA PL	3	$900,000	7/9/2010	Normal Sale
49	$910,000	4145 TOBIN CIR	1	$910,000	7/2/2010	Normal Sale
50	$930,000	4250 MARSTON LN	7	$930,000	7/23/2010	Normal Sale
51	$998,800	4425 RIVERMARK PY	9	$998,800	7/7/2010	Normal Sale