Santa Clara Housing Market September (2020)

The Santa Clara housing market in August experienced 58 single-family homes that closed escrow, which was more than the 53 which sold in July.   

During August there were 68 homes that accepted contracts an increase from the prior month’s 59 homes.  During the month there were 74 new active listings that came on the market.

The average price of a home sold in August was $1.53M which is about $20K higher than last month’s figure of $1.51M.  The Median price home sold was $1.48M, which is about $20K lower than July’s median price.

The average cost per square foot decreased from $966 per Sq. Ft. to $962. Of the 58 homes sold in August, 45 sold over asking. 

On average homes that sold, sold 4.17% over asking compared to 2.61% over asking in the previous month.

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

August, which is typically a slower month for sales in the Summer we saw an increase over July as the market continues to heat up with more buyers.  

The slow spring may be responsible as we are seeing more transactions happening this time of year.  Although there are more listings coming up buyers are keeping up with new inventory and multiple offers situations are becoming more frequent.

Last month we saw an increase of the percentage that sold homes are selling over asking, another indicator of a stronger sellers market.

Altos Research Market Data For Santa Clara

In September we are still noticing inventory operating in a range of 45 to 55 homes on the market, at one point it reached 60 homes but dropped back down.  As of today 9/12/2020 there are 47 homes listed for sale in Santa Clara. 

Homes in good neighborhoods, and locations are selling quickly with multiple offers while some homes on busy streets or that have other adverse characteristics are still lingering on the market.

Santa Clara Market Reports

The Altos Research Market Action Index for single-family homes in Santa Clara has increased to 61 from 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 Altos Market Action Index (MAI) continues to trend upward gradually another indicator that the market is becoming a stronger sellers market. 

Remember that September can be a transition month where we move from the Summer market to the Fall market with dropping inventory.  With so many changes this year its difficult to predict if we will follow the same pattern of lower inventory in the Fall and a tighter market for buyers.

Buyers, be sure to 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 layouts and in desirable locations. 

Sellers, with lower inventory and strong buyer demand, the market continues to favor listings .  Homes are seeing more and more 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 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

Street AddressList PricePriceDOMBeds TotalBthsSq Ft TotalAge
3671 Warbler Avenue$2,388,000$2,501,0001132|12,35025
190 Arcadia Avenue$2,299,950$2,350,0002542|12,4327
947 Wood Duck Avenue$2,095,000$2,070,0003442|12,70127
4235 Stewart Lane$1,930,000$1,971,000742|12,62718
121 Brian Lane$1,798,000$1,865,0001033|01,50563
470 Norwood Circle$1,898,000$1,850,0001042|12,10413
535 Barto Street$1,765,000$1,850,000932|01,64557
2951 Miles Drive$1,699,000$1,810,000732|01,66263
1430 Madison Street$1,848,000$1,810,0007443|02,0640
2369 Fordham Drive$1,799,000$1,785,000753|02,08863
653 Los Olivos Drive$1,650,000$1,760,000843|01,86265
660 Nazareth Court$1,650,000$1,750,000432|11,77360
2466 Armstrong Place$1,588,000$1,728,000742|01,88565
477 Luther Drive$1,499,000$1,715,000342|01,44260
2584 Bonnie Drive$1,548,000$1,710,000852|12,14948
3223 Colgate Avenue$1,600,000$1,700,000632|01,48257
2960 Mark Avenue$1,700,000$1,695,0006853|02,27263
2089 Fordham Drive$1,498,000$1,688,8881132|01,42561
3042 Via Siena Place$1,668,000$1,680,000032|11,7625
2236 Duvall Court$1,598,800$1,675,0001043|02,22322
771 Fairlane Avenue$1,538,888$1,635,0002542|01,65161
3157 Dallas Court$1,598,000$1,620,0005043|01,91062
2462 Gallup Drive$1,449,888$1,620,0001042|01,69355
3458 Flora Vista Avenue$1,599,000$1,610,0002543|01,51066
1489 Oliver Place$1,499,000$1,568,0001344|02,00415
3658 Eastwood Circle$1,445,000$1,535,0001043|01,66651
1276 Buchanan Drive$1,495,000$1,520,000842|01,41860
1791 Briarwood Drive$1,358,888$1,510,000232|01,21266
2513 Ramke Place$1,398,889$1,485,000532|01,34063
598 Bancroft Street$1,498,800$1,485,0003242|01,65161
3538 Druffel Place$1,398,000$1,480,0001333|11,83910
2904 Butte Street$1,497,000$1,475,000 33|01,51273
2960 Jerald Avenue$1,425,000$1,460,0001242|01,33064
1457 Los Padres Boulevard$1,298,000$1,427,000431|11,34764
1078 Fairfield Avenue$1,350,000$1,420,000632|01,41468
2811 Fargher Drive$1,388,000$1,415,000932|11,63931
2182 Bowers Avenue$1,349,000$1,414,000632|01,20761
878 Leith Avenue$1,299,000$1,410,000633|01,62859
2774 Barkley Avenue$1,400,000$1,410,000042|01,33064
4170 Tobin Circle$1,399,800$1,405,000033|01,59018
413 Greenwood Drive$1,395,000$1,405,0001442|01,66651
2530 Forbes Avenue$1,349,888$1,400,000832|01,64863
681 Marshall Court$1,199,000$1,380,000331|01,12466
1972 Harrison Street$1,348,000$1,365,000531|11,60172
2043 Larsen Court$1,399,950$1,335,0002463|01,77062
290 Alviso Street$1,188,000$1,305,000121|01,300120
1168 Las Palmas Drive$1,250,000$1,300,000332|01,38065
143 Brookside Avenue$1,300,000$1,300,0002643|01,40080
1875 De La Pena Avenue$1,299,950$1,260,0001032|01,48373
1145 Market Street$1,050,000$1,255,000632|01,08883
628 San Miguel Avenue$1,200,000$1,230,000422|01,08063
975 Hilmar Street$1,255,000$1,155,0001832|01,86867
2663 Wallace Street$999,888$1,140,000631|090064
4680 Wilcox Avenue$1,098,000$1,135,0001632|11,35122
2605 Painted Rock Drive$1,050,000$1,050,0002442|01,44766
1425 Benton Street$999,000$999,000621|01,08079
643 Scott Boulevard$899,000$938,000721|099073
1485 Walnut Grove Avenue$899,950$932,000621|092474

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

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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