Market Report - The Brasil Group
Santa Clara, CA 95054
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
Santa Clara, CA 95054
Sat Apr 20 2024
This week the median list price for Santa Clara, CA 95054 is $1,037,000 with the market action index hovering around 61. This is less than last month's market action index of 69. Inventory has increased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,037,000 | |
| Median Price of New Listings | $912,000 | |
| Per Square Foot | $845 | |
| Average Days on Market | 15 | |
| Median Days on Market | 11 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 61 | |
| Strong Seller's Market | ||
Despite this week’s down tic, price trends in this zip code have been moving up in the last few weeks. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,490,000 | 1,716 | 0 - 4,500 sqft | 3 | 2.5 | 22 | 0 | 0 | 14 |
| $1,250,000 | 1,464 | 0 - 4,500 sqft | 2 | 3 | 19 | 0 | 0 | 7 |
| $1,037,000 | 1,204 | 0 - 4,500 sqft | 2 | 2 | 35 | 1 | 0 | 10 |
| $766,944 | 1,256 | 0 - 4,500 sqft | 2 | 2 | 42 | 1 | 0 | 24 |