Santa Clara Real Estate Sales Report for period (08/01 - 09/01)

Santa Clara Real Estate SOLD Prices & Market Summery

The notable changes in market last month August report was that number of Santa Clara Homes For Sales that went pending "i.e accepted the buyer's offer but not closed yet" increase from 7 units to 33 units (i.e ~400+%) jump in a month time. Sudden increase in pending units is usually caused by closing delays associated with Foreclosed & short sales transactions , where selling party is typically lending institution, rather than individual. This is also the another indication that buyers started to absorb the inventory but usually on good deals only. So for Santa Clara home sellers & individual owners ,what does it mean? Do we have Buyers in market -YES we do -in fact quite a bit of side liners watching to jump into action, but be prepared to compete aggressive against institution sellers with Asking prices. For current buyers - you want a good deal ,then be prepared to deal with these institutions & don't be suprise to find yourself competing with other buyers who are also bottom fishing.

Single Family Santa Clara Homes
Total Average # of Days to Sell :48
Average Sold Prices : 654,515
Median Sold Prices : 616,500
% Ratio of Sold Price To Ask Price : 98.01 %

Santa Clara Condos & Townhomes
Total Average # of Days to Sell :50
Average Sold Prices : 467,404
Median Sold Prices :412,000
% Ratio of Sold Price To Ask Price : 97.06 %

Total # of Active Santa Clara Real Estate For Sale : 344
(Single family) Santa Clara Homes For Sale : 236
Santa Clara Condos & Santa Clara Townhomes For Sale : 108

Total # of SOLD Santa Clara Real Estate : 67
SOLD (Single family) Santa Clara Homes : 42
SOLD Santa Clara Condos & Santa Clara Townhomes :25

Total # of (New On Market) Santa Clara Homes For Sale :124
Newly Listed: (Single family) Santa Clara Homes For Sale : 89
Newly Listed: Santa Clara Condos & Santa Clara Townhomes For Sale :35

Total # of Santa Clara Real Estate that went “Pending” : 33
(i.e. Seller Accepted the offer but not closed the transaction yet)
Pending: (Single family) Santa Clara Homes : 23
Pending: Santa Clara Condos & Santa Clara Townhomes : 10

Total # of Santa Clara Real Estate that went “Expired” : 24
(i.e. whatever reason OWNER can not sell)
Expired: (Single family) Santa Clara Home : 13
Expired: Santa Clara Condos & Santa Clara Townhomes :11

Total # of Santa Clara Real Estate that were (either Withdrawn or Cancelled) :50
(i.e. owner intentionally decided Not to sell)
Withdrawn or Cancelled: (Single family) Santa Clara Home :33
Withdrawn or Cancelled: Santa Clara Condos & Santa Clara Townhomes :17

*All data deem reliable but not guaranteed. Consumer should NOT make any purchase, selling or leasing decision based on the information provided. Author shall NOT be responsible for any financial losses by any party as consequence of either direct or indirect use of the data & information provided.