Santa Clara Ca. Real Estate Market Update 5/11/2013

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/VDR

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 46 single family Santa Clara homes for sale, up from 40 last week.

There are currently 17 Santa Clara town homes/condos for sale, down from 20 last week.

There are currently 59 pending sales of Santa Clara single family homes, down from 60 last week.

There are currently 40 pending sales of Santa Clara town homes/Condos, down from 42 last week.

In April of 2013 there were 39 single family Santa Clara homes sold, 3 less than the number in March.,  ranging in price from $540,000 to $1,250,000. This shows an increase in price range of 10% for the lowest priced home sold. The highest is the same as March.

In April of 2013 there were 27 Santa Clara Town Homes/Condos sold, only one more than in March.  They ranged in price from $225,000 to $805,000. Again the low end is about 10% higher and the high end about the same. what is more significant is that the lowest priced condo at $225,000 was a short sale so the contract date was many months earlier. The lowest priced traditonal sale was $275,000.  The lowest price traditional sale in March was $225,000. This shows over a 20% increase in the low end.

 Single family homes for sale are up and condos are down. Both catagories are still too low. 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-928

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Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

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Tags:
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Rainmaker
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Rebecca Howard
Coldwell Banker Residential Brokerage - Orland Park, IL
Recognized | Respected | Recommended
Hi Marcy. You go through great pain to do the research here. It looks great. What kind of public feedback do you get from the work?
May 11, 2013 10:58 AM #1
Rainmaker
160,916
Simone Bercu
Metro Referral - Palm Beach Gardens, FL
Not state specific Real Estate - GRI, e-PRO, AB

Marcy, the low inventory is an issue in many markets.

May 11, 2013 10:59 AM #2
Rainmaker
468,350
Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Rebecca,

I do not generally get public feedback on specific posts, but after 5 years of blogging I have great SEO and a lot of people contact me from my internet presence.

May 11, 2013 11:02 AM #3
Rainmaker
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Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Simone,

I hear about low inventory every day from other realtors.

May 11, 2013 11:04 AM #4
Rainer
162,575
Alan Harris
Keller Williams Realty - San Diego, CA
San Diego Real Estate Broker with Keller Williams

The low inventory trend is also happening here in San Diego, Marcy. Thank you for sharing these info with us!

May 11, 2013 04:14 PM #5
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Marcy Moyer

Probate, Trust, and Investment Specialist
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