Santa Clara Home Sales October 2019

2019 October home sales in Santa Clara consisted of 45 single-family homes that closed escrow, a slight increase from the 44 homes sold in September.  Average days on market decreased to 26 days from 34 days, and median days decreased to 16 from 17. The average price of a home sold in October 2019 was $1.2M which is about $40K lower than last month’s figure of $1.24M.

The Median price home sold was $1.2M, which is about $40K lower than September’s median price. The average cost per square foot decreased from $912 per sqft. to $892. Of the 45 homes sold in October, 14 sold over asking. On average homes sold -0.1% under asking compared to -1% under asking in the previous month.

We started the month of October with 45 active listings and finished with 40 active listings.  There were 53 new listings that came on in October, and 56 homes that entered into contract.

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 o

As we enter into the holiday season the seasonal shift of fewer homes coming on the market.  When home inventory drops in our market we start to see homes selling faster and home prices increasing as the instances of multiple offers on homes become more frequent.  This coupled with lower interest rates is positioning the market to go up in the next few months.

Not all buyers may not yet be adjusting to this, after all, they have been hearing from their agents and news outlets that the market has been dropping.  So buyer attitudes may be that they don’t feel rushed and are still being picky about their home purchase.

We are noticing homes selling faster now, not all homes, but desirable homes that are priced right are getting most if not all the attention.  Meanwhile, other homes may be sitting on the market.  While this trend of lower inventory continues buyers will start to notice home prices increasing and it may motivate them to buy a home soon.

Keep in mind that the economic situation can be volatile.  There are still concerns about the ongoing trade war with China and that situation could escalate and disrupt buyer attitudes.

Santa Clara Home Sales October 2019

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
1588 &1590 Newhall Street $2,088,000 $1,950,000 35 5 4|0 2,532 0
3315 Mauricia Avenue $1,795,000 $1,880,000 9 4 2|0 1,568 61
160 Arcadia Avenue $1,750,000 $1,660,000 58 3 2|0 1,724 61
1127 Chapel Drive $1,595,000 $1,620,000 70 5 3|0 2,511 71
3320 Tracy Drive $1,400,000 $1,600,000 8 3 2|0 1,420 62
3278 Loma Alta Drive $1,588,000 $1,578,000 11 3 2|0 1,635 56
2295 Alcalde Street $1,499,800 $1,470,000 26 3 2|1 2,106 22
631 Clara Vista Avenue $1,499,999 $1,460,000 14 3 2|1 1,641 62
500 Kiely Boulevard $1,475,000 $1,435,000 61 4 2|0 1,742 56
663 Salberg Avenue $1,350,000 $1,425,000 9 3 2|0 1,230 65
30 Alviso Street $1,399,000 $1,399,000 90 4 3|0 1,899 73
2961 Mark Avenue $1,299,950 $1,390,000 14 4 2|0 1,653 61
472 Clarkwood Court $1,349,998 $1,350,000 6 4 2|0 1,666 50
956 Pomeroy Avenue $1,399,950 $1,350,000 59 3 2|0 1,733 55
688 Woodhams Road $1,348,000 $1,330,000 12 3 2|0 1,368 66
2639 Forbes Avenue $1,238,000 $1,300,000 6 3 2|0 1,568 65
2129 Avenida De Las Flores $1,298,000 $1,298,000 39 4 2|0 1,584 43
2743 El Sobrante Street $1,148,000 $1,297,500 8 3 2|0 1,285 63
185 N Henry Avenue $1,325,000 $1,280,000 8 3 2|1 1,321 67
1941 Saint Lawrence Drive $1,189,000 $1,235,000 6 3 2|0 1,212 65
2113 Santa Cruz Avenue $1,140,888 $1,235,000 7 3 2|0 1,078 64
2815 Rebeiro Avenue $1,148,000 $1,228,000 3 3 2|0 1,145 63
1263 Carmel Way $1,275,000 $1,210,000 27 3 2|0 1,129 70
1530 Alviso Street $1,150,000 $1,200,000 20 3 2|1 1,361 0
2595 Dixon Drive $1,225,000 $1,175,000 16 3 2|0 1,166 64
1742 Nobili Avenue $1,198,000 $1,165,000 34 3 2|0 1,458 65
2816 Steinhart Court $1,200,000 $1,160,000 20 3 2|0 1,245 63
2828 Chromite Drive $1,199,888 $1,150,000 1 3 2|0 1,468 61
1412 Heatherdale Avenue $999,000 $1,125,000 9 3 1|0 1,092 73
1891 Bowers Avenue $1,049,888 $1,100,000 9 3 2|0 1,095 61
2804 Augusta Court $1,100,000 $1,100,000 11 4 2|0 1,095 61
2094 Sheraton Drive $1,099,000 $1,099,000 30 4 2|0 1,248 58
1791 Columbus Place $1,098,000 $1,050,000 6 3 2|0 1,192 63
2801 Cozumel Circle $1,099,800 $1,039,000 53 3 2|0 1,538 30
2171 Bowers Avenue $1,050,000 $1,036,000 28 3 2|0 1,008 60
1142 Maryann Drive $949,000 $989,000 7 3 1|1 1,330 65
656 Flannery Street $1,100,000 $950,000 33 4 2|0 1,127 66
1284 Fremont Street $987,888 $945,000 41 3 2|0 1,561 95
1669 Lexington Street $950,000 $928,888 60 1 1|0 968 93
1674 Main Street $928,000 $928,000 9 2 1|0 888 113
2636 Glade Drive $925,000 $925,000 4 3 2|0 942 64
1206 Sherwood Avenue $988,000 $900,888 17 2 1|0 1,584 72
4606 Armour Drive $958,000 $900,000 28 4 2|0 1,167 59
4390 Bassett Street $910,000 $900,000 63 3 2|0 1,246 84
861 Harrison Street $970,000 $900,000 69 3 1|0 1,053 113

See Previous Months

September 2019 home sales CLICK HERE.

August 2019 home sales CLICK HERE.

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.

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