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 39 Santa Clara town homes/condos for sale, down from 48 last week.
There are currently 60 pending sales of Santa Clara single family homes, up from 46 last week.
There are currently 46 pending sales of Santa Clara town homes/Condos, up from 42 last week.
In July of 2013 there were 61 single family Santa Clara homes sold, the same as in June, ranging in price from $410,000 to $1,520,000. The lowest priced home is about the same as teh lowest price in June, but the highest price home is much higher, by about 300K. This is probably a fluke.
In June of 2013 there were 39 Santa Clara Town Homes/Condos sold, almost 20% more than in June. They ranged in price from $190,000 to $815,000. This is about the same as in June. Has the appreciation started to slow down? I think so.
Santa Clara single family home listings are finally up from before the holiday. Condos are down 10% from last week but they had been up 20% over the previous 2 weeks so this is not surprising. Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.
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.