Market Report - The Brasil Group

Santa Clara, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Santa Clara, CA

Sat Jun 10 2023
This week the median list price for Santa Clara, CA is $1,289,000 with the market action index hovering around 63. This is less than last month's market action index of 68. Inventory has increased to 24. Click here to stay informed with the Santa Clara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Santa Clara, CA

Sat Jun 10 2023
This week the median list price for Santa Clara, CA is $1,289,000 with the market action index hovering around 63. This is less than last month's market action index of 68. Inventory has increased to 24. Click here to stay informed with the Santa Clara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $1,289,000
Median Price of New Listings $693,888
Per Square Foot $859
Average Days on Market 48
Median Days on Market 49
Price Decreased 25%
Price Increased 21%
Relisted 0%
Inventory 24
Median Rent
Market Action 63
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,639,999 1,890 4,500 - 6,500 sqft 4 3 2 0 0 77
$1,384,504 1,521 4,500 - 6,500 sqft 2 2.3 10 0 1 45
$1,022,500 1,213 0 - 4,500 sqft 2 2 46 3 1 7
$539,500 705 0 - 4,500 sqft 1 1 52 3 3 56