Santa Clara Statistics – inventory rising

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The number of active single family homes in Santa Clara is 141, pending sales in the last 30 days were 66 and closed sales in October are 16 (as of 10/15). Santa Clara inventory is increasing with most other areas decreasing. Pending sales are staying high but closings are not.

The price range for the active homes ranged from $299,000-$1,450,000. The median list price is $600,000. Last year the median price was $630,000. The listing price range for the pending sales is $299,000-$1,099,000.

The Santa Clara Statistics for the number of townhomes/condos on the market is 94.  This is an 80% increase over last year figure.  The pending sales for the last 30 days are at 14. These sales are off about 50% over previous months. and closed sales in October are 3 (as of 10/15). The pending sales are continuing to drop and closed sales have followed as well.

As of October 15th, in Santa Clara County the inventory for active listings of single family homes was 3197 and condo/townhomesis 1385. Totaling 4582 for both. Although the inventory is starting to reduce, this is an 53% increase over last year. The condo listings have jumped 80% since last year while single family homes were only up 44%.

The number of homes and townhome/condos that went into contract over the last 30 days was 1879 (single family – 1403, condo/townhome – 476). This was an increase over last month. This figure is also about even to last year.

The number of closed sales in October (as of 10/15) is 392 (283 were single family homes and 109 were condo/townhomes).

For market conditions  in other areas – 

 Check out market conditions in other areas: http://realtytimes.com/rtmcrmember/patdulleck

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