Not enough inventory, plenty of buyers.
There are currently 27 single family Santa Clara homes for sale, up from 24 last week.
There are currently 12 Santa Clara town homes/condos for sale, down from 14 last week.
There are currently 46 pending sales of Santa Clara single family homes.
There are currently 43 pending sales of Santa Clara town homes/Condos, up from 38 last week.
In Feb. of 2013 there were 20 single family Santa Clara homes sold ranging in price from $399,000 to $1,155,000.
In Feb of 2013 there were 19 Santa Clara Town Homes/Condos sold ranging in price from $265,000 to $833,000
These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.
If you would like to search for homes for sale please feel free to visit my website for a custom search.
If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.