Market Report - The Brasil Group

Santa Clara, CA 95051

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Santa Clara, CA 95051

Sat Jun 10 2023
This week the median list price for Santa Clara, CA 95051 is $1,100,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has increased to 15. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 95051

Sat Jun 10 2023
This week the median list price for Santa Clara, CA 95051 is $1,100,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has increased to 15. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 $1,100,000
Median Price of New Listings $670,000
Per Square Foot $816
Average Days on Market 47
Median Days on Market 49
Price Decreased 27%
Price Increased 13%
Relisted 0%
Inventory 15
Median Rent
Market Action 56
Strong Seller's Market

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$1,798,000 2,202 4,500 - 6,500 sqft 4 3.8 3 0 0 63
$1,490,000 1,771 0 - 4,500 sqft 2 2.5 23 0 0 31
$827,500 1,177 0 - 4,500 sqft 2 2 53 3 1 28
$482,000 639 0 - 4,500 sqft 1 1 52 2 2 42