Not enough inventory, plenty of buyers.
There are currently 32 single family Santa Clara homes for sale, the same as last week.
There are currently 21 Santa Clara town homes/condos for sale, up from 18 last week.
There are currently 62 pending sales of Santa Clara single family homes, up from 61 last week.
There are currently 41 pending sales of Santa Clara town homes/Condos, up from 35 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 a little higher than last week with the pending sales 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.