Market Report - The Brasil Group

Santa Clara, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Santa Clara, CA

Wed Jul 06 2022
This week the median list price for Santa Clara, CA is $799,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 51. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Wed Jul 06 2022
This week the median list price for Santa Clara, CA is $799,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 51. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $799,000
Median Price of New Listings $791,934
Per Square Foot $757
Average Days on Market 36
Median Days on Market 21
Price Decreased 31%
Price Increased 8%
Relisted 4%
Inventory 51
Median Rent
Market Action 70
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this 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
$1,486,500 1,676 0 - 4,500 sqft 3 3 12 6 2 35
$870,000 1,161 0 - 4,500 sqft 2 2 31 5 0 21
$761,000 1,047 0 - 4,500 sqft 2 2 38 5 1 21
$648,000 825 0 - 4,500 sqft 1 1 44 6 3 21