Not enough inventory, plenty of buyers.
There are currently 45 single family Santa Clara homes for sale, up from 42 last week.
There are currently 41 Santa Clara town homes/condos for sale, the same as last week.
There are currently 62 pending sales of Santa Clara single family homes, down from 66 last week.
There are currently 40 pending sales of Santa Clara town homes/Condos, down from 43 last week.
In Aug of 2013 there were 51 single family Santa Clara homes sold, 10 less than in July, ranging in price from $525,000 to $1,500,000. The lowest priced home is $115,000 higher than the lowest price in July, but the highest price home is about the same, and in the same new development.
In August of 2013 there were 41 Santa Clara Town Homes/Condos sold, almost the same as in July. They ranged in price from $230,000 to $825,000. This is about the same as in June and July. Has the appreciation started to slow down? I think so.
There are a few more homes for sale this week which is good news. 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.
- See more at: http://activerain.com/blogsview/4199477/santa-clara-ca-real-estate-market-update-9-21-2012#sthash.0cJjuQou.dpuf