Market Report - The Brasil Group

Santa Clara, CA 95051

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Santa Clara, CA 95051

Mon Dec 11 2023
This week the median list price for Santa Clara, CA 95051 is $736,000 with the market action index hovering around 64. This is an increase over last month's market action index of 56. Inventory has decreased to 6. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Santa Clara, CA 95051

Mon Dec 11 2023
This week the median list price for Santa Clara, CA 95051 is $736,000 with the market action index hovering around 64. This is an increase over last month's market action index of 56. Inventory has decreased to 6. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $736,000
Median Price of New Listings $988,000
Per Square Foot $731
Average Days on Market 36
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 64
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,099,000 1,470 0 - 4,500 sqft 2 2.5 38 0 2 42
$988,000 1,311 0 - 4,500 sqft 3 1.5 51 1 1 0
$736,000 984 0 - 4,500 sqft 2 1.8 34 0 0 63
$456,500 651 0 - 4,500 sqft 1 1 52 0 0 24