Santa Clara Housing Market October (2020)

The Santa Clara housing market in September experienced 58 single-family homes that closed escrow, which is the same number that sold in August.   

During September there were 47 homes that accepted contracts an decrease from the prior month’s 68 homes.  During the month there were 62 new active listings that came on the market.

The average price of a home sold in September was $1.46M which is about $70K lower than last month’s figure of $1.53M.  The Median price home sold was $1.4M, which is about $80K lower than August’s median price.

The average cost per square foot decreased from $962 per Sq. Ft. to $923. Of the 58 homes sold in September, 33 sold over asking. 

On average homes that sold, sold 2.78% over asking compared to 4.17% over asking in the previous month.

We started the month of September with 51 active single-family home listings and finished with at 46 in all of Santa Clara.

The Santa Clara housing market continues to be very active.  Is it a hot market?  Not like many we have experienced in recent years, but there are lots of buyers actively looking and making offers. 

September in many respects was very similar to August.  We saw inventory yo-yo up and down between 60-40 homes.  Whenever inventory reached 60 the buying activity would drop it down to 40 and suddenly there would be an influx of new listings on the market..

Although the numbers above may be indicating a cooling market, that isn’t the case.  Certainly buyers are proceeding cautiously.  If you are studying the Altos Market Action Index (MAI) you will see its trending upwards.

Also we are noticing larger higher priced homes are selling quite well in this market.  Buyers seem to be preferring more space.

Altos Research Market Data For Santa Clara

Inventory is the big concern moving forward as we are in the Fall market.  The typical cycle is that inventory will wane this time of year and buying opportunities for buyers will become fewer.

Also we will notice the quality of homes this time of year start to drop from the quality we experience in the Spring or Summer markets.  This lower inventory generally holds prices firm and may even lead to some appreciation if the buying activity resumes healthy.

Santa Clara Market Reports

The Altos Research Market Action Index for single-family homes in Santa Clara has increased to 64 from 61 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 looming election may be something that is holding some buyers and sellers back.  After the election expect that more buyers will enter the market and that could raise prices in a time of year were they are fewer homes.

Also some sellers may have less trepidation about selling during the holidays this year since they may not be traveling or entertaining.  We will have to just wait and see how things play out. 

Buyers, you are likely focusing on good properties as you should be and noticing that offer situations are competitive.  The opportunities are likely to start drying up in the coming months, so you may want to accelerate your home purchase before prices go up or before the end of the year.

Sellers, September wasn’t much of a jump from August but things are looking good.  Inventory has been hovering around the 40s lately and that is a good thing for sellers.  Also, the Market Action Index (MAI) is trending upward signaling a stronger seller’s market.  

As always be sure to understand what you are buying or selling.   Knowing how your home or the home you are considering buying fits in the current market is important to determine the right price.

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

Santa Clara Home Sales August 2020

Santa Clara September 2020 Home Sales

Street AddressList PricePriceDOMBeds TotalBathsSq Ft TotalAge
2854 Ponderosa Way$2,398,880$2,650,000763|13,42659
177 Claremont Avenue$1,948,000$2,215,0001043|01,87763
2600 Pepperwood Lane$2,199,000$2,100,0003952|12,59847
1057 Las Palmas Drive$1,888,888$2,000,000543|01,90365
2846 Sycamore Way$1,798,880$1,980,000242|12,29059
2881 Pruneridge Avenue$1,680,900$1,812,250742|11,80960
4209 Marston Lane$1,779,000$1,800,000943|12,08317
4428 Watson Circle$1,748,800$1,748,8004132|12,03616
2096 Dianne Drive$1,599,000$1,745,000733|01,58759
4634 Cheeney Street$1,699,000$1,730,000753|02,32623
3361 Tracy Drive$1,749,888$1,725,0002032|01,26563
2325 Quinn Avenue$1,598,000$1,715,000852|12,14948
1901 Nobili Avenue$1,598,888$1,668,000743|01,96366
3389 Saint Marys Place$1,479,950$1,660,000532|01,37461
483 Juanita Drive$1,649,000$1,650,0004153|02,38968
2492 Gallup Drive$1,468,000$1,625,000742|01,61455
1975 Murguia Avenue$1,548,000$1,548,0005643|02,25973
640 Wilson Court$1,575,000$1,535,0007443|01,74065
937 Sanchez Place$1,499,999$1,525,0002943|02,4020
171 Kerry Drive$1,475,000$1,515,000332|01,23465
2201 Francis Avenue$1,548,000$1,515,0009153|02,04262
375 Alviso Street$1,350,000$1,500,0001232|02,03582
1755 Briarwood Drive$1,525,000$1,500,0001232|01,52066
435 Cypress Avenue$1,350,000$1,475,000832|01,32967
3266 San Juan Avenue$1,448,000$1,450,0002342|01,41962
640 Clara Vista Avenue$1,398,880$1,430,000332|01,39163
1447 Las Palmas Drive$1,298,000$1,430,0001232|01,35468
1670 Hood Court$1,349,950$1,420,000942|01,33062
495 Wildwood Way$1,349,000$1,405,000642|01,66652
2338 Vargas Place$1,399,000$1,399,000732|01,21366
1216 Buchanan Drive$1,298,000$1,380,372732|01,73560
3027 San Juan Avenue$1,348,000$1,341,0002532|01,09562
2200 Brown Avenue$1,300,000$1,330,0003784|02,38362
2553 Elliot Street$1,299,000$1,326,300732|01,19458
159 Brookside Avenue$1,399,000$1,325,0001643|01,30279
578 Saratoga Avenue$1,399,000$1,325,0007242|01,98673
3454 Bella Vista Avenue$1,348,888$1,320,0001132|01,57466
965 Las Palmas Drive$1,250,000$1,300,000032|01,16665
2218 Francis Avenue$1,330,000$1,300,0001132|01,07865
2355 Bohannon Drive$1,330,000$1,300,0002831|11,56367
1404 Maryann Drive$1,198,000$1,275,000432|01,35261
593 Chapman Court$1,100,000$1,260,000633|02,02995
2076 Calabazas Boulevard$1,299,950$1,250,0001333|01,93529
3735 Eastwood Circle$1,299,888$1,250,0003642|01,66651
2253 Lenox Place$1,289,000$1,249,0007542|11,59922
457 Saratoga Avenue$1,190,000$1,230,0001332|01,14668
2537 Rose Way$1,100,000$1,220,000332|01,16665
2716 Donovan Avenue$1,199,888$1,220,000842|01,33064
716 Kiely Boulevard$1,224,800$1,210,0003332|01,14564
355 Pineview Drive$1,100,000$1,205,000632|01,08066
977 Baird Avenue$1,199,000$1,199,0003542|01,69258
3058 Barkley Avenue$1,198,000$1,190,000332|01,17063
2805 Ruth Court$1,249,000$1,175,0001232|01,25465
1748 Laine Avenue$1,099,950$1,100,0001931|01,34168
3039 Agate Drive$1,098,000$1,080,000532|01,13765
4676 Armour Drive$1,060,000$1,020,000842|01,09560
1772 Main Street$949,950$935,0009631|01,022120
1765 Market Street$718,000$818,000631|01,324115

Contact Me Today

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

Vinicius Brasil, Santa Clara Real Estate Guy

Santa Clara Housing Market Archive

August 2020 home sales CLICK HERE.

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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