Santa Clara Home Sales September 2019

2019 September home sales in Santa Clara consisted of 44 single-family homes that closed escrow, a slight increase from the 43 homes sold in August.  Average days on market increased to 34 days from 29 days, and median days increased to 17 from 15. The average price of a home sold in September 2019 was $1.24M which is about $130K lower than last month’s figure of $1.37M.

The Median price home sold was $1.24M, which is about $60K lower than August’s median price. The average cost per square foot increased from $827 per sqft. to $912. Of the 44 homes sold in August, 17 sold over asking. On average homes sold -1% under asking compared to +0.8% over asking in the previous month.

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 offers

September was the first month a number of years that homes sold on average less than their list price.  The Summer market we just experienced was exceptionally slow.  When September hit we noticed that inventory increased slightly but then started to fall later in the month.

In late September we started to see homes that had been sitting on the market finally get into contract.  What we were experiencing in late September and in the current month of October is a tightening of the market.  Where inventory is dropping, in this case due to heightened buying activity and slower listing activity.

With the FED worried about the economic slow down they have started to lower rates and that has contributed to a hotter market.  Although the last few months we had experienced dropping home values, I expect the market to stabilize and even price increases as we move into the holidays.

Santa Clara Home Sales September 2019

 

Street Address List Price Price DOM Beds Total Bths Sq Ft Total Age
104 Michael Way $1,450,000 $1,650,000 14 3 2|0 1,274 64
1795 Roll Street $1,389,000 $1,270,000 65 3 2|0 1,694 68
4496 Lakeshore Drive $1,388,888 $1,300,000 62 3 2|0 1,962 42
3519 Haig Street $949,000 $930,000 17 3 2|0 1,097 58
2175 Hoover Drive $1,200,000 $1,210,000 13 3 2|0 1,181 56
2381 Donner Place $1,295,000 $1,235,000 38 4 2|0 1,350 64
3458 Bella Vista Avenue $1,199,850 $1,200,000 8 3 2|0 1,212 65
2939 Marietta Drive $1,488,000 $1,465,000 59 3 3|0 1,641 61
3225 Machado Avenue $1,338,000 $1,313,800 42 3 2|0 1,078 64
2205 Menzel Place $1,200,000 $1,210,000 9 3 2|0 1,400 65
1420 Bellomy Street $899,000 $865,000 51 2 2|0 820 139
3596 Rowena Court $999,998 $925,000 188 3 1|0 1,008 58
2562 Scanlan Place $1,245,000 $1,250,000 6 3 2|0 1,340 62
2139 3rd Street $1,199,999 $1,136,000 122 3 2|1 1,589 19
3361 Granada Court $1,248,000 $1,230,000 21 3 2|0 1,166 65
1134 Monroe Street $888,888 $930,000 8 2 2|1 1,126 32
1421 Bergin Place $1,299,000 $1,250,000 113 3 2|0 1,375 65
2063 Pruneridge Avenue $998,000 $945,000 13 3 1|0 1,016 65
2133 Pruneridge Avenue $1,090,000 $1,100,000 12 3 1|0 1,016 65
2318 Stanford Place $1,688,000 $1,638,000 48 3 2|0 2,002 62
2244 Emmett Court $1,428,000 $1,410,000 16 3 2|0 1,368 62
2476 Armstrong Place $1,199,950 $1,237,000 1 3 2|0 1,170 64
1953 Murguia Avenue $1,498,880 $1,550,000 7 3 2|0 1,876 72
1905 Morse Street $850,000 $900,000 5 2 1|0 872 78
673 Bucher Avenue $1,398,800 $1,361,100 28 3 2|0 1,230 65
930 Wren Avenue $1,888,888 $1,765,888 18 4 2|1 2,140 25
1669 Berna Street $1,199,000 $1,240,000 5 2 2|0 1,524 24
3218 Agate Drive $1,117,777 $1,060,000 88 3 2|0 897 64
2514 Hayward Drive $1,289,000 $1,310,000 20 3 2|0 1,166 64
4288 Macedo Place $998,000 $985,000 17 3 2|1 1,199 18
2694 Maplewood Lane $2,395,000 $2,370,000 43 5 3|0 3,133 49
511 Bellwood Drive $1,495,000 $1,480,000 8 6 3|0 2,248 54
3487 San Marcos Way $1,200,000 $1,150,000 22 3 1|0 1,097 64
577 Woodstock Way $1,249,000 $1,325,000 8 3 2|0 1,888 52
2237 3rd Street $1,249,000 $1,245,000 55 4 2|1 1,705 19
4706 Wilcox Avenue $1,169,000 $1,157,000 105 3 2|1 1,599 21
3187 San Juan Avenue $1,188,000 $1,258,000 7 3 2|0 1,095 61
930 Monroe Street $1,600,000 $1,730,000 0 3 1|1 2,667 113
670 Bucher Avenue $1,350,000 $1,300,000 14 3 2|0 1,230 65
3487 Victoria Avenue $1,099,000 $1,120,000 11 3 2|0 1,080 65
1037 Harrison Street $849,900 $930,000 30 2 1|0 1,274 119
2338 Vargas Place $1,025,000 $915,000 11 3 2|0 1,053 65
2112 Monroe Street $1,025,000 $1,025,000 2 4 1|0 1,385 65
3426 Flora Vista Avenue $1,300,000 $1,240,000 35 3 2|0 1,080 65

 

See Previous Months

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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