Not enough inventory, plenty of buyers.
There are currently 34 single family Santa Clara homes for sale, up from 25 last week.
There are currently 15 Santa Clara town homes/condos for sale, up from 6 last week.
There are currently 46 pending sales of Santa Clara single family homes, down from 49 last week.
There are currently 37 pending sales of Santa Clara town homes/Condos, down from 39 last week.
In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb., ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.
In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb., ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.
These numbers are much better than last week, but it was Easter/Passover, so it is not a surprise. I still expect even more increase in inventory, but possibly not till late spring or early summer till we see a significant difference. If we can add another 10 homes and condos next week I will be very happy.
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.