Not enough inventory, plenty of buyers.
There are currently 32 single family Santa Clara homes for sale, down from 36 last week.
There are currently 18 Santa Clara town homes/condos for sale, down from 19 last week.
There are currently 61 pending sales of Santa Clara single family homes, up from 56 last week.
There are currently 35 pending sales of Santa Clara town homes/Condos, up from 33 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 lower than last week but the pending sales are higher showing continued activity. I still expect even more increase in inventory, but possibly not til 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.