Market Report - The Brasil Group
Santa Clara, CA
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
Santa Clara, CA
Sun Sep 15 2024
This week the median list price for Santa Clara, CA is $996,500 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $996,500 | |
| Median Price of New Listings | $998,000 | |
| Per Square Foot | $780 | |
| Average Days on Market | 53 | |
| Median Days on Market | 35 | |
| Price Decreased | 23% | |
| Price Increased | 2% | |
| Relisted | 11% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,410,000 | 1,716 | 0 - 4,500 sqft | 3 | 3 | 19 | 1 | 1 | 28 |
| $1,178,888 | 1,426 | 0 - 4,500 sqft | 2 | 2 | 2 | 4 | 1 | 49 |
| $810,000 | 1,160 | 0 - 4,500 sqft | 2 | 2 | 16 | 2 | 0 | 28 |
| $558,888 | 716 | 0 - 4,500 sqft | 1 | 1 | NaN | 2 | 1 | 56 |