Santa Clara Housing Market August (2020)

The Santa Clara housing market in July experienced 53 single-family homes that closed escrow, which was considerably more than the 41 which sold in June.   

During July there were 59 homes that accepted contracts an increase from the prior month’s 50 homes.  During the month there were 72 new active listings that came on the market.

The average price of a home sold in July was $1.51M which is about $40K higher than last month’s figure of $1.47M.  The Median price home sold was $1.5M, which is about $100K higher than June’s median price.

The average cost per square foot decreased from $984 per Sq. Ft. to $966. Of the 53 homes sold in July, 32 sold over asking. 

On average homes that sold, sold 2.61% over asking compared to 0.34% over asking in the previous month.

We started the month of July with 50 active single-family home listings and finished with 51 in all of Santa Clara.

More transactions and sales in July, as the market heated up in a season where we traditionally experience a market slow down.  

The buying activity increased last month but so did the listing activity.  72 homes were listed in July and inventory ended at pretty much the same levels . 

The median price of a home sold was higher not necessary just due to more appreciation but larger homes were being sold as evidenced by the lower average price per square foot.

Altos Research Market Data For Santa Clara

This month inventory operated in a range of 45 to 55 homes on the market.  Never dropping below 40 and never reaching 60. 

The Santa Clara housing market is very diverse and offers a broad range of homes and neighborhoods.  As a result, buyers are focusing more on homes that are move in ready or in highly desirable areas or locations.  

Homes that are not presented well, updated, or are affected by an undesirable attribute such as a busy street or noisy location are being looked over and taking much longer to sell.  

Santa Clara Market Reports

The Altos Research Market Action Index for single-family homes in Santa Clara has held steady at 55 where it was last month.  For more detailed reports on Santa Clara and Santa Clara Zip codes, you can access the reports here.

Santa Clara Report

95051 Report

95050 Report

95054 Report

The homes that did sell in July sold on average sold 2.6% over asking, which was higher than last month’s .34% indicating that offers are getting more competitive and bidding is increasing.

Adding to the problems for home buyers is that inventory is roughly about 25% lower than lower than July-August 2019.  With limited options, buyers are faced with competing for scarce quality Santa Clara housing. 

Buyers, September has been a transition month in previous markets.  It has been a month where inventory plateaus and begins to drop.  This means moving forward conditions for buyers are not likely to get any better.   

To make sure you don’t loose out on any good opportunities, be clear on your objectives and don’t overlook homes that may not be updated but are good buys.  Such as homes in sought after neighborhoods, good layout and in good locations. 

Sellers, with home inventory staying low the conditions for selling have continued to be favorable.  Homes are seeing multiple offers and selling faster than previous months.  

Be sure to understand how your home fits in the current market, so you know what improvements you need to make if any to get your home sold quickly and for a great price.

If you have any questions about your home’s value or the current market, please feel free to reach out I am happy to hear from you.

Santa Clara Home Sales July 2020

Street AddressList PricePriceDOMBeds TotalBthsSq Ft TotalAge
3172 Mckinley Drive$1,999,999$2,250,000743|02,03163
3335 Mauricia Avenue$1,975,000$2,050,0001432|01,43262
26 Rodonovan Drive$1,898,000$2,025,0001242|11,82567
3487 Toomey , #homesite 67$1,990,000$1,990,0002633|22,4620
3874 Pruneridge Avenue$1,799,950$1,920,000832|01,50861
124 Cronin Drive$1,850,000$1,900,000132|01,38863
290 Manzanita Avenue$1,998,000$1,900,000742|11,74957
4321 Marston Lane$1,830,000$1,850,000543|12,08318
2135 Sherwin Avenue$1,649,000$1,838,0001332|01,7632
2818 Toyon Drive$1,750,000$1,775,000042|02,05945
875 Circle Drive$1,789,000$1,760,0002442|12,37211
386 Hayes Avenue$1,700,000$1,750,000743|01,66265
3472 Elmhurst Avenue$1,710,000$1,711,0001532|01,29263
940 Capitola Way$1,400,000$1,650,0001042|01,84556
1006 Capitola Way$1,111,888$1,601,0004653|02,41155
1226 Morton Avenue$1,495,000$1,600,000332|01,86764
291 Woodhams Road$1,698,000$1,600,0002732|01,60166
656 Malarin Avenue$1,528,000$1,580,0001342|01,58569
688 Monroe Street$1,650,000$1,580,0004744|02,783129
939 Sanchez Place$1,599,950$1,555,000043|02,2880
4774 Cheeney Street$1,495,000$1,540,000042|12,08622
3187 Dallas Court$1,450,000$1,535,0001132|11,55062
2086 Dianne Drive$1,489,000$1,530,000842|11,99860
3464 BONITA Avenue$1,599,000$1,525,0001843|01,64664
2762 Sonoma Place$1,549,999$1,514,1012732|01,66265
2678 Elliot Street$1,548,000$1,510,0002333|02,21161
740 Robin Drive$1,548,000$1,500,0001932|11,97470
1254 Blackfield Drive$1,499,000$1,500,0005132|01,51666
1656 Betty Court$1,499,999$1,475,0001343|01,91763
2512 Rose Way$1,399,999$1,465,000832|01,51765
5049 Avenida De Lago$1,325,000$1,460,0001053|01,85044
4202 Tobin Circle$1,399,900$1,437,500833|11,65718
2881 Mark Avenue$1,349,000$1,400,0001232|01,23762
3434 Victoria Avenue$1,299,950$1,365,000832|01,55966
2013 Cabrillo Court$1,350,000$1,360,0001642|01,36860
2586 Dixon Drive$1,299,000$1,350,0001732|01,16665
2225 Gianera Street$1,280,000$1,350,0001142|11,59921
2464 Brannan Place$1,195,000$1,331,000832|01,23164
749 Bucher Avenue$1,295,000$1,295,0001332|01,39066
3256 El Sobrante Street$1,338,800$1,280,0004021|089671
2445 Alvarado Drive$1,299,000$1,280,0005942|01,28852
2170 San Rafael Avenue$1,299,000$1,275,0001332|01,30065
1602 Eisenhower Drive$1,350,000$1,270,0002043|02,05060
683 Bucher Avenue$1,248,000$1,268,000631|01,12466
2533 Hayward Drive$1,258,000$1,260,000632|01,16665
2365 Fatjo Place$1,356,588$1,255,0002542|01,63070
2636 Glade Drive$1,269,999$1,230,0004532|094265
2185 Menzel Place$1,099,000$1,207,000532|01,18166
2040 Benton Street$1,195,000$1,150,0003531|01,03670
2985 Fresno Street$1,100,000$1,125,000021|01,06473
2532 Rose Way$1,150,000$1,075,0003132|01,16665
661 Park Court$950,000$1,060,000521|01,04096
4646 Armour Drive$1,060,000$1,060,000932|01,24260

Contact Me Today

Have a question?  Interested in setting an appointment to talk about your real estate plans?  Contact me today.

Santa Clara Housing Market Archive

July 2020 home sales CLICK HERE.

June 2020 home sales CLICK HERE.

May 2020 home sales CLICK HERE.

April 2020 home sales CLICK HERE.

March 2020 home sales CLICK HERE.

January 2020 home sales CLICK HERE.

December 2019 home sales CLICK HERE.

November 2019 home sales CLICK HERE.

October 2019 home sales CLICK HERE.

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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