Santa Clara Home Sales July 2019

2019 July home sales in Santa Clara consisted of 56 single-family homes that closed escrow, an increase from the 46 homes sold in June.  Average days on market increased to 25 days from 19 days, and median days increased to 14 from 10. The average price of a home sold in June 2019 was $1.4M which is about $20K lower than last month’s figure of $1.42M.

The Median price home sold was $1.36M, which is about $30K lower than June’s median price. The average cost per square foot increased from $887 per sqft. to $922. Of the 56 homes sold in July, 32 sold over asking. On average 1.2% over asking compared to 3.8% over asking in the previous month.

The market picked up a bit in July with more home sales. Together with the slow listing activity, our current market is experiencing lower inventory than the Spring market. Although market inventory is tightening in Santa Clara which is a common theme we see in August, buyers are still being very patient. Homes are sitting on the market longer, and price reductions are a weekly occurrence. We began July with 83 homes on the market in all of Santa Clara and ended with 68 homes at the beginning of August.

The lower inventory and perhaps the FED’s decision to drop rates have helped some homes that were just sitting on the market go to pending status.

Last year in August we saw a similar situation where inventory dropped, and that helped some homes sell.  Last years August inventory was still about 20 homes less than August of 2019. Keep in mind we saw an influx of homes come on the market in early September when pushed down prices in the winter.  

For sellers, you definitely want to make your home stand out from the crowded field of homes. Staging and the right updates can go a long way.    Keep in mind that you don’t want to be delaying your home sale for too long as prices may continue to settle down.

Buyers, the conditions for buying are better than they have been in the last two years. Interest rates are the lowest they have been since 2016. No one is absolutely sure where the market is headed, but as we approach the Fall inventory levels should provide a good selection of homes before the slower Winter months.

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
2344 Arguello Place $1,298,000 $1,300,000 20 3 2|0 1,488 69
4949 Avenida De Los Arboles $1,198,888 $1,230,000 9 4 2|0 1,584 43
2439 Benton Street $998,000 $1,040,000 17 3 2|0 1,134 64
4427 Billings Circle $1,999,000 $2,020,000 14 4 3|1 2,408 15
151 Blake Avenue $1,498,880 $1,605,000 7 3 2|0 1,155 64
1953 Bohannon Drive $1,488,000 $1,590,000 8 3 2|0 1,631 67
3451 Bonita Avenue $1,248,000 $1,370,000 7 3 2|0 1,240 63
1022 Brackett Way $1,999,800 $2,010,000 8 4 3|1 2,408 16
641 Briarcliff Court $1,598,000 $1,598,000 48 4 3|0 1,934 58
4338 Burdick Lane $2,188,000 $2,160,000 31 4 3|1 2,989 15
3511 Butcher Drive $1,348,000 $1,338,000 11 3 2|0 1,463 65
1497 Cabrillo Avenue $1,149,000 $1,140,000 25 3 1|0 985 65
1632 Cabrillo Avenue $1,350,000 $1,390,000 9 3 2|0 1,794 65
2161 Calle De Primavera $1,489,000 $1,489,000 29 6 4|0 2,438 43
3360 Cecil Avenue $1,275,000 $1,250,000 9 3 2|0 1,320 68
3379 Creighton Place $1,495,000 $1,500,000 14 3 3|0 1,498 61
1735 Cunningham Street $1,398,000 $1,300,000 56 4 2|0 1,666 68
2086 Del Monte Avenue $1,100,000 $1,040,000 28 3 2|0 1,240 63
2223 Dianne Drive $1,399,000 $1,418,000 44 3 2|0 1,886 55
3591 Earl Drive $1,550,000 $1,500,000 16 3 2|0 1,228 63
3675 Eastwood Circle $1,299,950 $1,405,000 9 4 2|0 1,565 51
3430 Eden Drive $1,495,000 $1,620,000 5 4 2|0 1,418 58
950 Elizabeth Drive $1,295,000 $1,330,116 7 3 2|0 1,261 66
622 Enright Avenue $1,098,000 $1,100,000 7 3 1|0 980 68
2163 Esperanca Avenue $1,259,000 $1,195,000 108 4 2|1 1,599 20
1515 Farmer Place $1,548,000 $1,502,000 56 4 3|1 1,993 8
419 Fernandez Court $1,499,000 $1,500,000 109 3 3|0 2,107 64
2164 Francis Avenue $1,250,000 $1,322,000 12 3 2|0 1,298 64
2432 Gallup Drive $1,350,000 $1,350,000 13 4 2|0 1,693 54
3362 Geneva Drive $1,500,000 $1,660,000 7 3 2|0 1,714 62
937 Hicks Drive $1,348,000 $1,348,000 27 4 3|1 1,609 0
957 Hicks Drive $1,748,888 $1,722,000 21 4 4|0 2,057 0
3023 Homestead Road $1,388,000 $1,455,000 9 4 3|0 1,938 1
473 Lafayette Way $950,000 $980,000 3 3 2|0 960 104
345 Landeros Drive $1,599,999 $1,500,000 115 4 3|0 2,222 43
2289 Lenox Place $1,195,000 $1,170,000 71 3 2|1 1,667 21
746 Los Padres Boulevard $1,050,000 $1,058,000 6 3 1|1 1,085 65
371 Lowell Drive $1,599,888 $1,600,000 6 3 2|0 1,508 61
1174 Madison Street $1,189,000 $1,221,000 7 3 2|0 1,136 71
4213 Marston Lane $1,649,000 $1,680,000 6 3 3|1 2,128 16
2890 Mauricia Avenue $1,488,000 $1,700,000 8 3 2|0 1,242 57
1661 Nelson Drive $1,148,000 $1,186,000 28 3 2|0 1,351 59
2382 Nobili Avenue $1,380,000 $1,351,000 27 3 2|0 1,368 60
3597 Notre Dame Drive $1,830,500 $1,700,000 73 5 4|0 3,076 54
788 Orkney Avenue $1,025,000 $1,050,000 3 3 2|0 1,097 58
2512 Painted Rock Drive $1,348,000 $1,438,000 12 3 2|0 1,415 65
2497 Pilot Knob Drive $950,000 $910,000 7 3 1|0 897 65
125 Rodonovan Drive $1,599,950 $1,750,000 14 3 1|1 1,565 66
2342 Rosita Court $1,298,000 $1,298,000 52 3 2|0 1,540 65
653 San Miguel Avenue $1,299,888 $1,250,000 31 3 2|0 1,131 62
942 Sunlite Drive $1,195,000 $1,220,000 16 3 2|0 1,145 70
1086 Sunset Drive $1,150,000 $1,130,000 12 3 1|0 1,039 69
1010 Teal Drive $1,699,000 $1,720,000 44 4 2|0 1,649 58
2366 Warburton Avenue $1,198,000 $1,200,000 7 3 1|0 1,416 69
3085 Warburton Avenue $1,385,000 $1,384,000 26 3 2|1 1,534 62
520 Woodstock Way $1,155,000 $1,110,000 1 4 2|0 1,666 51

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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