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December 2009 Single Family Home Sales in Santa Clara

Friday, January 29th, 2010

54 home closings in the month of December last year for the city of Santa Clara real estate. Not too shabby for a December in any year.  The end of the year last year experienced a rush of buying, more so than previous years.  Also note that many of the sale prices were close to list or even over.

List Price Street Address DOM Sale Price Close Date
1
$279,000
2472 BORAX DR 8 $330,000 12/4/2009
2
Price reduced from $399,000 (-$10,000) $389,000
1951 WALNUT GROVE AVE 152 $375,000 12/16/2009
3
$450,000
975 DI GIULIO AVE 60 $425,000 12/16/2009
4
$421,740
3595 SHAFER DR 78 $427,500 12/24/2009
5
Price reduced from $460,350 (-$23,017) $437,333
1724 CABRILLO AVE 27 $440,000 12/22/2009
6
$399,000
1182 MARYANN DR 12 $440,000 12/30/2009
7
Price reduced from $475,000 (-$25,000) $450,000
2314 AUGUSTA PL 262 $450,000 12/8/2009
8
$454,410
3859 DE LA CRUZ BL 5 $450,000 12/3/2009
9
$449,500
1738 COLUMBUS PL 43 $460,000 11/21/2009
10
Price reduced from $465,000 (-$15,100) $449,900
680 CLARA VISTA AVE 2 $472,500 12/22/2009
11
$459,900
2305 AMETHYST DR 11 $481,000 12/16/2009
12
$475,000
2184 FRANCIS AVE 20 $490,000 12/16/2009
13
$449,000
2262 BOWERS AVE – $500,000 12/11/2009
14
$519,000
1937 BENTON ST 30 $519,000 12/15/2009
15
$525,000
2149 BOHANNON DR 26 $525,000 5/29/2009
16
$529,000
3326 GRANADA AVE 6 $536,000 12/2/2009
17
$544,500
2876 ADDISON PL 43 $541,000 12/22/2009
18
$549,000
3406 BELLA VISTA AVE 11 $549,000 12/22/2009
19
Price reduced from $599,000 (-$24,000) $575,000
1665 GRAHAM LN 77 $575,000 12/21/2009
20
$599,000
2359 BRAY AVE 21 $590,000 12/15/2009
21
$599,000
2311 WOODLAND AVE 20 $610,000 12/1/2009
22
$568,000
3388 SAINT MARYS PL 7 $616,000 12/10/2009
23
Price increased from $620,000 (+$4,000) $624,000
760 BELLOMY ST 9 $620,000 12/31/2009
24
$609,000
2478 TULIP RD 8 $620,000 12/3/2009
25
$649,000
3089 AGATE DR 44 $621,000 11/24/2009
26
Price increased from $619,950 (+$20,000) $639,950
1275 MEADOWLARK AVE 29 $625,000 12/10/2009
27
Price increased from $539,999 (+$110,001) $650,000
414 DAYTON AVE 6 $641,875 12/23/2009
28
Price reduced from $675,000 (-$25,050) $649,950
2048 LOVELL PL 34 $642,000 12/22/2009
29
$649,000
3111 MEMBRILLO CORTE 11 $655,000 11/13/2009
30
$695,000
4082 DAVIS ST 7 $685,000 12/9/2009
31
$695,000
2004 GAMMELL BROWN PL 7 $705,000 12/16/2009
32
$649,999
3291 LOMA ALTA DR 6 $707,550 12/9/2009
33
Price reduced from $789,000 (-$39,000) $750,000
692 FAIRLANE AVE 69 $738,000 12/4/2009
34
$757,370
3560 DRUFFEL PL 54 $739,990 11/5/2009
35
$688,888
2318 LASS DR 13 $741,000 12/18/2009
36
$813,156
3570 DRUFFEL PL 49 $742,167 11/27/2009
37
$749,000
779 BAYLOR DR 7 $745,000 12/18/2009
38
$818,509
3571 WOLF PL 57 $756,500 11/13/2009
39
$759,000
711 RIDGE RD 2 $760,150 12/17/2009
40
$758,000
2214 LASS DR 13 $780,000 11/30/2009
41
$789,930
4220 VERDIGRIS CIR 5 $798,000 12/1/2009
42
$823,000
2740 PRUNERIDGE AVE 51 $823,000 12/7/2009
43
Price reduced from $949,000 (-$61,000) $888,000
476 BIRCH WAY 117 $840,000 12/16/2009
44
$859,000
640 MEADOW AVE 19 $845,000 12/3/2009
45
Price increased from $825,000 (+$24,000) $849,000
56 RODONOVAN DR 24 $855,000 12/2/2009
46
$999,950
343 LESTER CT 11 $980,000 12/2/2009
47
$995,000
340 FONTANA DR 9 $1,005,000 12/10/2009
48
$999,950
2816 MESQUITE DR 6 $1,010,000 12/29/2009
49
$1,049,800
726 MONROE ST 11 $1,025,000 12/10/2009
50
$988,000
112 TYLER AVE 23 $1,050,000 11/19/2009
51
Price reduced from $1,195,000 (-$97,000) $1,098,000
2609 NEVES CT 33 $1,082,000 12/8/2009
52
$1,099,800
819 E RIVER PY 18 $1,110,000 12/11/2009
53
$1,198,000
353 LESTER CT 20 $1,160,000 12/8/2009
54
$1,167,500
4146 MARSTON LN 0 $1,167,500 12/7/2009

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2009 Home Sales in Santa Clara

Wednesday, January 27th, 2010

2009 was actually a busy year for home sales in Santa Clara. Although the national press focused on the sluggish real estate market, record high foreclosures and the country’s credit woes, the number of homes sold in the City of Santa Clara was not too far off from 2007 levels.

In 2007 569 homes were sold in Santa Clara compared with 539 sold in 2009.  2008 we did witness a very down year, that number dropped to just 485 homes. The biggest difference in 2009 from previous years were the number of short sales and bank owned homes that made up the total sales.

In 2009 the number of short sale homes sold in Santa Clara were 66 homes or 12% of homes sold that year. Santa Clara bank owned homes totalled 123 in 2009 or 23%.  Over a third of the single family homes sold in Santa Clara in 2009 were some sort of distressed sale.

This is in stark contrast to 2007 where there was just one closed short sale in Santa Clara and no bank owned home sales.

FYI, In 2008 the number of short sale homes totalled just 16 homes or 3% of the homes sold that yearAs for bank owned homes there were 43 homes or 9% of homes sold that year in Santa Clara.

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Santa Clara Sold Homes September 2009

Tuesday, October 13th, 2009

September saw 65 home sell in Santa Clara as the market continued to pick up. October also shows no signs of slowing down either as Santa Clara homes continue to sell quickly. In my last two listings Hillsdale and San Rafael I have had multiple offers, the open houses were crowded, and even listings that were previously quiet are getting more and more traffic. Buyers seem very anxious and persistent to go out and buy a home. Inventory however has creeped its way back up above 90 homes after breifly going down as low as 70 homes.

I expect Santa Clara home inventory to drop as we progress into the holidays but this is an important variable to monitory. To view more Santa Clara stats be sure to sign up for my weekly stat report.

List Price Street Address DOM Sale Price Close Date
1
Price reduced from $374,900 (-$30,000) $344,900
3119 AGATE DR 228 $340,000 9/3/2009
2
$359,950
1194 LEXINGTON ST 39 $380,000 8/31/2009
3
$373,900
2637 ICEFIELD CT 93 $355,000 8/28/2009
4
$379,900
2191 FRANCIS AVE 42 $402,000 9/23/2009
5
Price reduced from $399,900 (-$10,000) $389,900
1333 KIELY BL 79 $375,000 9/4/2009
6
Price reduced from $475,000 (-$76,000) $399,000
2357 VARGAS PL 148 $425,000 9/11/2009
7
$399,000
445 JEFFERSON ST 25 $400,000 9/10/2009
8
Price reduced from $410,000 (-$10,500) $399,500
49 LINDEN DR 74 $380,000 9/1/2009
9
$399,900
2871 MONROE ST 6 $462,000 9/3/2009
10
Price reduced from $559,998 (-$159,999) $399,999
490 MONROE ST 41 $520,000 9/17/2009
11
$399,999
3057 MONROE ST 11 $450,000 9/28/2009
12
$408,375
2292 BENTON ST 34 $460,000 9/22/2009
13
$419,500
2108 HOOVER DR 13 $500,000 9/17/2009
14
Price reduced from $469,900 (-$39,900) $430,000
3173 CABRILLO AVE 306 $460,000 9/17/2009
15
Price reduced from $460,900 (-$22,000) $438,900
1360 VIA DONDERA 66 $405,000 9/11/2009
16
$468,000
2163 AMETHYST DR 11 $493,000 9/18/2009
17
$474,500
2038 SAN RAFAEL CT 94 $470,000 9/18/2009
18
Price increased from $459,000 (+$30,000) $489,000
1876 FILLMORE ST 13 $487,250 9/23/2009
19
$494,505
1854 CATHERINE ST 66 $494,000 9/25/2009
20
$499,000
1183 ALICE DR 15 $485,000 9/3/2009
21
$499,900
2028 LOS PADRES BL 33 $500,000 9/25/2009
22
Price reduced from $566,500 (-$66,600) $499,900
1510 NELSON CT 175 $532,000 9/9/2009
23
Price reduced from $579,950 (-$69,950) $510,000
1784 LOS PADRES BL 21 $510,000 9/18/2009
24
$515,000
2885 STEVENSON ST 9 $640,300 9/17/2009
25
$525,000
1234 FAIRFIELD AVE 40 $518,000 8/29/2009
26
Price reduced from $547,500 (-$22,500) $525,000
2188 SANTA CRUZ AVE 59 $515,000 9/11/2009
27
$532,500
1999 LARSEN PL 23 $520,000 9/29/2009
28
$539,000
2516 ROSE WAY 40 $585,000 9/23/2009
29
$544,500
841 BAIRD AVE 22 $538,500 9/30/2009
30
$549,950
716 KIELY BL 9 $612,000 9/15/2009
31
$555,000
2707 DONOVAN AVE 43 $530,000 8/27/2009
32
Price reduced from $588,000 (-$15,000) $573,000
2051 BOHANNON DR 19 $515,000 9/4/2009
33
$575,000
3429 FOWLER AVE 21 $542,000 9/15/2009
34
$579,950
2381 CORY AVE 65 $545,000 9/2/2009
35
Price reduced from $599,000 (-$19,000) $580,000
2417 HOMEWOOD DR 114 $550,000 9/15/2009
36
$585,000
2720 COLUMBUS PL 5 $605,000 9/10/2009
37
$595,000
3481 SAN MARCOS WAY 51 $595,000 8/31/2009
38
$599,000
346 PINEVIEW DR 9 $599,000 8/21/2009
39
Price reduced from $620,000 (-$21,000) $599,000
3879 DE LA CRUZ BL 314 $620,000 9/18/2009
40
Price increased from $559,900 (+$40,000) $599,900
3495 FOREST AVE 21 $550,000 9/4/2009
41
$599,900
1971 HASTINGS CT 20 $606,000 9/9/2009
42
Price reduced from $629,000 (-$20,000) $609,000
3515 CECIL AVE 82 $609,000 9/1/2009
43
$610,000
947 MADELINE LN 8 $650,000 9/9/2009
44
$618,000
570 PARK CT 8 $630,000 9/1/2009
45
$620,000
2199 KINGSBURY CIR 12 $610,000 9/18/2009
46
Price reduced from $650,000 (-$20,100) $629,900
1091 JEFFERSON ST 43 $615,000 9/9/2009
47
Price reduced from $649,000 (-$10,000) $639,000
2937 FRESNO ST 84 $635,000 7/30/2009
48
$639,900
1995 MURGUIA AVE 14 $600,000 9/21/2009
49
Price reduced from $739,000 (-$99,050) $639,950
4433 LAIRD CIR 188 $639,950 9/9/2009
50
$659,900
3035 DIBBLE CT 17 $605,000 9/17/2009
51
$695,000
283 REDWOOD AVE 9 $738,500 9/4/2009
52
$699,000
833 LIPPERT PL 6 $678,000 9/22/2009
53
$699,000
290 HILLSDALE AVE 1 $731,000 9/4/2009
54
$719,999
2310 GIANERA ST 9 $730,000 9/2/2009
55
Price reduced from $779,000 (-$30,000) $749,000
3869 MELODY LN 80 $726,488 9/15/2009
56
Price reduced from $799,900 (-$49,950) $749,950
2571 DIXON DR 71 $740,000 9/18/2009
57
$769,000
121 BRIAN LN 14 $755,000 9/22/2009
58
Price reduced from $799,000 (-$21,000) $778,000
4337 WATSON CIR 57 $755,000 9/1/2009
59
Price reduced from $839,000 (-$40,000) $799,000
2975 RIDGE CT 55 $787,500 9/25/2009
60
$799,000
196 RODONOVAN DR 37 $801,000 9/11/2009
61
$799,500
1123 LOYOLA DR 15 $770,000 9/9/2009
62
$832,589
469 OAKWOOD DR 16 $760,000 9/11/2009
63
$850,000
3313 GENEVA DR 36 $802,775 9/29/2009
64
$899,000
4214 MARSTON LN 8 $880,000 9/1/2009
65
$1,148,000
301 MADRONE AVE 23 $1,030,000 9/9/2009

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Santa Clara Real Estate Inventory and Statistics

Monday, August 24th, 2009

Santa Clara Real Estate Inventory and Statistics

Santa Clara single family home inventory dipped below 90 homes this week, the first time since April of 2007.  Sales are 25% up from last year and the number of new listings have not been able to keep up with the rate of sales.  This has resulted in lower inventory and multiple offer situations and some price appreciation.

Total home sales this year so far are 561 homes compared with last year around this time of just 457 homes, which is approximately a 23% increase over last year.  Here is a quick look at what has been happening in August sales compared to last year’s August numbers.

 

 

Week Santa Clara Week Santa Clara
Of Active Pending* Of Active Pending*
8/17/09 87 13 8/18/08 219 19
8/10/09 92 16 8/11/08 220 12
8/3/09 95 20 8/4/08 217 13
7/27/09 103 21 7/28/08 221 12
7/20/09 103 25 7/21/08 213 12

I imagine listings will start to eventually come up  due to anticipated pent up sellers, nonetheless will that number overwhelm the current buyers in this market?  And foreclosures – are they just waiting to flood the market like so many think? Highly unlikely in my opinion.  This really seems like the market is stablizing.  If the local job market becomes healthy, do not expect prices to fall.

A note to sellers, make sure you price your homes competitively and they will sell, in some cases with multiple offers.  Buyers understand inventory and understand where you stand in this market.  Multiple offers are happening, not everywhere, but in most cases where there are good properties and they are priced accurately.  Do not solely rely on past comps as the market is rebounding from its lows.

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Latest Santa Clara Real Estate Statistics

Saturday, June 13th, 2009

Santa Clara home inventory is under 120 homes for the first time since early January. Typically we see inventory climbing throughout the year, but this year inventory has been settling since February. Here is a close look at the three Santa Clara codes and how they have been performing.

Santa Clara Home Inventory by Zip Code

Santa Clara Home Inventory by Zip Code

 Home inventory for Santa Clara in 95051 and 95050 has plateued since late March.  A significant decrease in inventory for 95054 has occurred.  This area was much affected by bank foreclosures and short sales, and to some extent still is, however, these have dropped and buyers have rushed in to get the deals.

Santa Clara Average Days on Market by Zip Code

Santa Clara Average Days on Market by Zip Code

 Although 95054 has experienced the largest drop in inventory 95051 has the shortest average days on market.  Which is a surprise being that it has the most homes in Santa Clara.  Average days on market have been climbing for 95051 and climbing sharply for 95050.  As for 95054 the rate is now dipping as more inventory is moving. 

Measure of Supply and Demand
MAI, Measure of Supply and Demand

The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Although the Market Action Index still indicates a strong buyers market the index has improved across the board for all zip codes, especially 95054.

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

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