Santa Clara Home Sales June 2019

2019 June home sales in Santa Clara consisted of 46 single-family homes that closed escrow, a decrease from the 64 homes sold in May.  Average days on market decreased to 19 days from 23 days, and median days decreased to 10 from 12. The average price of a home sold in June 2019 was $1.42M which is about $80K lower than last month’s figure of $1.50M.

The Median price home sold was $1.39M, which is about $100K lower than May’s median price. The average cost per square foot decreased from $968 per sqft. to $887. Of the 46 homes sold in June, 27 sold over asking. On average 3.8% over asking compared to 2.2% over asking in the previous month.

June saw a significant slow down in home sales in Santa Clara. We began June with 67 homes on the market in all of Santa Clara and ended with 83. At the highest point in June, there were 92 homes listed.

Inventory increased in June, but not at the levels we have seen from previous months. It seems like the market is finding its feet. There are some price reductions for overpriced homes, but well-priced homes are selling and selling quickly and over list price.

Last year inventory in the Summer dried up and the market tightened up in August. We may see a repeat of that this year. This month, however, the FED is meeting and some are speculating that they will reduce interest rates. This may motivate more buying, like it did earlier in the year when the FED paused its rate hikes. In the meantime, sellers remain cautious about overpricing and buyers prices have settled, not sure they will settle much more during the Summer.

 

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
2344 Arguello Place $1,298,000 $1,298,000 20 3 2|0 1,488 69
658 Armanini Avenue $1,298,888 $1,400,000 10 3 2|1 1,686 69
723 Armanini Avenue $1,688,888 $1,755,000 7 3 2|1 1,883 69
746 Armanini Avenue $895,000 $1,025,000 5 2 1|0 836 69
2129 Avenida De Las Flores $920,000 $1,000,000 9 4 2|0 1,584 43
636 Barto Street $1,248,000 $1,330,000 16 4 2|0 1,092 66
2272 Benton Street $1,150,000 $1,191,000 8 3 1|0 1,083 68
1646 Berna Street $1,398,000 $1,470,000 7 3 2|0 1,547 68
1953 Bohannon Drive $1,488,000 $1,488,000 8 3 2|0 1,631 67
2245 Bohannon Drive $1,449,950 $1,400,000 30 5 2|0 1,565 67
944 Capitola Way $1,460,000 $1,585,000 6 4 2|0 2,128 55
148 Douglane Avenue $1,499,000 $1,505,000 9 4 2|1 1,899 70
3560 Druffel Place $1,399,000 $1,450,000 9 3 3|1 1,839 10
2237 Forbes Avenue $1,098,000 $1,110,000 7 3 1|0 1,052 68
3312 Geneva Drive $1,895,000 $1,850,000 14 3 2|0 1,996 62
663 Hamilton Lane $1,199,000 $1,290,000 11 4 2|0 1,127 66
947 Hicks Drive $1,348,000 $1,348,000 7 4 3|1 1,609 0
2085 Hogan Drive $1,188,000 $1,150,000 8 4 2|0 1,707 59
3029 Homestead Road $1,950,000 $1,950,000 0 5 4|1 2,285 0
3031 Homestead Road $1,588,000 $1,750,000 10 4 3|0 2,198 1
2417 Johnson Place $1,249,000 $1,365,000 8 3 2|0 1,231 63
2059 Kimberlin Place $1,458,000 $1,500,000 13 4 3|0 2,068 27
4433 Laird Circle $1,350,000 $1,335,000 9 3 3|0 1,590 14
961 Las Palmas Drive $1,248,000 $1,200,000 37 3 2|0 1,166 64
3654 Londonderry Drive $995,000 $1,350,000 74 4 2|1 1,800 64
2527 Malone Place $1,398,888 $1,610,000 11 4 3|0 2,177 62
2367 Manhattan Place $1,299,000 $1,335,000 0 3 2|0 1,095 61
2603 Meadowbrook Drive $1,650,000 $1,610,000 19 3 2|0 1,936 11
930 Monroe Street $1,600,000 $1,600,000 0 3 1|1 2,667 113
2872 Orthello Way $1,500,000 $1,580,000 0 3 2|0 1,987 68
610 Park Court $1,125,000 $1,090,000 90 4 2|0 1,416 94
1445 Pomeroy Avenue $1,375,000 $1,290,000 80 4 2|0 2,300 67
2316 Remo Court $1,100,000 $1,160,500 12 4 2|0 1,352 42
780 Ridge Road $1,295,000 $1,370,000 8 4 2|0 1,310 64
669 Salberg Avenue $1,299,000 $1,575,000 4 4 2|0 1,652 65
3491 San Marcos Way $1,398,000 $1,410,000 34 3 2|0 1,400 64
993 Scott Boulevard $1,088,888 $1,088,000 22 3 2|0 1,468 67
1927 Stanley Avenue $1,355,000 $1,360,000 40 3 2|0 1,595 60
2348 Susan Drive $1,299,998 $1,210,000 41 3 1|1 1,628 61
2184 Talia Avenue $1,549,000 $1,550,000 13 3 2|0 1,550 67
2345 Thompson Place $1,225,000 $1,305,000 9 2 3|0 1,141 69
3360 Tracy Drive $1,799,888 $2,050,000 4 4 3|0 2,482 62
1361 Via Dondera $1,468,000 $1,453,000 18 4 3|0 2,446 65
3066 Via Siena Place $1,868,000 $1,800,000 17 4 2|1 1,931 4
2366 Warburton Avenue $1,198,000 $1,198,000 4 3 1|0 1,416 69
753 Yale Lane $1,499,000 $1,600,000 12 3 2|0 1,442 58

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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