Mary Pope-Handy's Market Report
Santa Clara, CA
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Santa Clara, CA
Sat Jul 04 2020
This week the median list price for Santa Clara, CA is $1,529,950 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has held steady at or around 57.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,529,950 | |
| Per Square Foot | $898 | |
| Days on Market | 51 | |
| Price Decreased | 21% | |
| Price Increased | 5% | |
| Relisted | 2% | |
| Inventory | 57 | |
| Median Rent | $3,400 | |
| Most Expensive | $2,383,000 | |
| Least Expensive | $950,000 | |
| Market Action | 53 | |
| Strong Seller's Market | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,996,500 | 2,438 | 0 - 4,500 sqft | 4 | 3 | 0 | 2 | 3 | 31 |
| $1,599,975 | 1,860 | 6,500 - 8,000 sqft | 4 | 3 | 62 | 1 | 3 | 31 |
| $1,399,975 | 1,558 | 4,500 - 6,500 sqft | 4 | 2 | 62 | 4 | 5 | 56 |
| $1,150,000 | 1,166 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 2 | 1 | 83 |