Not enough inventory, plenty of buyers.
There are currently 40 single family Santa Clara homes for sale, up from 36 last week.
There are currently 41 Santa Clara town homes/condos for sale, up from 38 last week.
There are currently 66 pending sales of Santa Clara single family homes, up from 64 last week.
There are currently 41 pending sales of Santa Clara town homes/Condos, down from 45 last week.
In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.
In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug. They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.
There are a 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/4220252/santa-clara-ca-market-update-10-14-2013#sthash.6cT7mVyu.dpuf