2018 May Home Sales for Santa Clara

2018 Santa Clara May home sales consisted of 21 single family homes sold in Santa Clara, a large drop from 50 homes just sold in the previous month. After months of sellers receiving multiple offers and record high prices for their homes, the market has started to soften.  The combination of high prices, more inventory, and increasing mortgage interest rates have slowed down buyer activity.  Average days on market increased to 13 from 11 and median days on market 9. The average price of a home sold in May 2018 was $1.652M just a few thousand above last months average, but the Median price home was $1.570M, about $50K less than April’s median price.  Of the 21 homes sold in May, 17 sold over asking on average 12% over asking compared to 16% over asking in the previous month.  What you don’t see in this chart are the homes that are not selling on the market and have been sitting for a few weeks, something that just wasn’t happening in previous months. Next month’s number which will consist of homes that were put in contract in May, but closed in June will show significant price drops.

If you are considering selling your home, pricing it correctly is critical to avoid languishing on the market and receiving low ball offers.

Street AddressList PricePriceDOMBDBASq Ft
2673 Tuliptree Lane$2,550,000$2,550,000042|02,318
396 Grinnel Court$1,999,888$2,430,000532|01,508
3356 Solano Court$1,850,000$2,125,000853|13,137
2917 Kearney Avenue$1,888,000$2,000,0002233|01,774
687 Valley Way$1,695,000$1,950,000842|01,931
412 Knowles Avenue$1,998,000$1,950,0005454|03,628
1762 Oswald Place$1,399,000$1,720,000732|01,328
4370 Watson Circle$1,498,000$1,681,000932|12,036
4198 Tobin Circle$1,398,000$1,575,0001033|01,590
3705 Eastwood Circle$1,198,888$1,570,000842|01,666
2622 Toledo Avenue$1,450,000$1,570,0001032|01,340
1452 Heatherdale Ave$1,698,000$1,550,0004442|01,482
2151 3rd Street$1,299,000$1,500,000932|11,589
3061 El Sobrante St$1,199,950$1,453,0001321|01,162
638 Woodhams Rd$1,448,000$1,420,00042|01,127
2585 Crystal Drive$1,198,000$1,402,000832|01,220
2371 Monroe Street$1,299,000$1,365,0001542|01,288
2212 Francis Avenue$1,198,000$1,362,000832|01,078
933 Hilmar Street$999,000$1,225,0001531|12,044
2598 Amethyst Drive$1,050,000$1,200,000831|0897
520 Mission Street$999,500$1,100,0001232|01,140

to compare with last months April 2018  home sales CLICK HERE.

Planning to sell or just want to stay on top of the market, get our professional MARKET REPORTS by Altos Research.    Monitor inventory, prices, and market changes.

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