March was yet another busy month in Santa Clara real estate. 87 homes came on the market in March, 46 homes closed and the days on market averaged around 34 days. Sellers should have been content with performance since on average 100.23% of the home list price was achieved, another indicator that values are increasing.
Out of the homes sold 7 were bank owned or REO homes and 6 were short sales, so just 13 total distressed sales in all or about 28% of total sales.
| List Price | Street Address | DOM | Sale Price | Close Date | Additional Listing Info | |||
| 1 |
|
1736 OSWALD PL | 6 | $490,000 | 3/26/2010 | Normal | ||
| 2 |
|
4556 CHEENEY ST | 11 | $637,000 | 3/25/2010 | Normal | ||
| 3 |
|
466 GIANNINI DR | 4 | $920,000 | 3/24/2010 | Normal | ||
| 4 |
|
3079 BARKLEY AVE | 7 | $626,200 | 3/23/2010 | Normal | ||
| 5 |
|
607 CRESTVIEW DR | 6 | $569,000 | 3/23/2010 | Normal | ||
| 6 |
|
753 VALLEY WAY | 9 | $738,000 | 3/16/2010 | Normal | ||
| 7 |
|
613 SAN MIGUEL AVE | 23 | $560,000 | 3/24/2010 | Normal | ||
| 8 |
|
270 WESTRIDGE DR | 10 | $600,000 | 3/2/2010 | Normal | ||
| 9 |
|
4405 LAIRD CIR | 20 | $752,000 | 3/25/2010 | Normal | ||
| 10 |
|
1751 HOMESTEAD RD | 8 | $890,000 | 3/31/2010 | Normal | ||
| 11 |
|
1112 CROWLEY AVE | 7 | $585,000 | 3/11/2010 | Normal | ||
| 12 |
|
1475 BARBARA DR | 9 | $627,500 | 3/10/2010 | Normal | ||
| 13 |
|
2392 BOXWOOD DR | 8 | $585,000 | 3/16/2010 | Normal | ||
| 14 |
|
1762 HIGGINS AVE | 13 | $536,000 | 3/12/2010 | REO | ||
| 15 |
|
4132 MARSTON LN | 9 | $1,190,000 | 3/16/2010 | Normal | ||
| 16 |
|
4238 TOBIN CIR | 10 | $765,000 | 3/16/2010 | Normal | ||
| 17 |
|
1817 CLIFFORD ST | 6 | $500,000 | 3/9/2010 | Normal | ||
| 18 |
|
3557 SUNNYDAYS LN | 26 | $602,101 | 3/20/2010 | Normal | ||
| 19 |
|
1930 LARSEN PL | 22 | $520,000 | 3/26/2010 | Normal | ||
| 20 |
|
3410 TRACY DR | 7 | $770,000 | 3/5/2010 | Normal | ||
| 21 |
|
3240 ORTHELLO WAY | 6 | $680,000 | 3/16/2010 | Normal | ||
| 22 |
|
2803 RAMONA CT | 21 | $555,000 | 3/4/2010 | REO | ||
| 23 |
|
785 ORKNEY AVE | 9 | $480,000 | 3/19/2010 | Normal | ||
| 24 |
|
2163 BENTON ST | 10 | $512,000 | 2/26/2010 | Normal | ||
| 25 |
|
2180 EL CAPITAN AVE | 6 | $440,000 | 3/11/2010 | REO | ||
| 26 |
|
1778 HIGGINS AVE | 45 | $570,000 | 3/9/2010 | Normal | ||
| 27 |
|
365 SLOAT CT | 50 | $710,000 | 3/30/2010 | Normal | ||
| 28 |
|
1862 MARKET ST | 30 | $526,000 | 3/5/2010 | REO | ||
| 29 |
|
3490 NOTRE DAME DR | 43 | $615,000 | 2/25/2010 | Normal | ||
| 30 |
|
1177 MORTON AVE | 57 | $580,000 | 3/12/2010 | Normal | ||
| 31 |
|
429 KIELY BL | 63 | $660,000 | 3/22/2010 | Normal | ||
| 32 |
|
2851 FARGHER DR | 81 | $695,700 | 3/24/2010 | Normal | ||
| 33 |
|
2055 KIMBERLIN PL | 91 | $592,000 | 3/30/2010 | REO | ||
| 34 |
|
2188 TULIP RD | 61 | $849,000 | 3/9/2010 | Normal | ||
| 35 |
|
3528 SHAFER DR | 55 | $506,000 | 3/11/2010 | Normal | ||
| 36 |
|
2780 GLORIETTA CIR | 10 | $826,000 | 1/14/2010 | Normal | ||
| 37 |
|
1284 CROWLEY AVE | 16 | $505,000 | 3/26/2010 | Short Sale | ||
| 38 |
|
2109 MAIN ST | 68 | $325,000 | 3/9/2010 | REO | ||
| 39 |
|
2223 NEWHALL ST | 97 | $470,000 | 3/17/2010 | Short Sale | ||
| 40 |
|
2522 BORAX DR | 0 | $340,000 | 3/11/2010 | Short Sale | ||
| 41 |
|
3178 AGATE DR | 27 | $615,000 | 3/30/2010 | Short Sale | ||
| 42 |
|
1807 HENNING PL | 77 | $696,000 | 3/11/2010 | Normal | ||
| 43 |
|
1303 KIELY BL | 15 | $354,000 | 3/5/2010 | REO | ||
| 44 |
|
875 POPLAR ST | 157 | $700,000 | 1/8/2010 | Normal | ||
| 45 |
|
2799 AGATE DR | 393 | $310,000 | 2/26/2010 | Short Sale | ||
| 46 |
|
2248 SCHOTT CT | 330 | $531,000 | 3/10/2010 | Short Sale |
Inventory has also been climbing. Currently inventory in Santa Clara is hovering around 95 homes for sale and will soon break the century mark. With the home buyer credit soon to expire, the second half of the year may really see a slow down in buyer activity and with increased inventory prices may stabilize or even drop.
[altos_chart st=”CA” cid=”87″ zid=”2897636″ rt=”sf” ra=”a,c” q=”a” left=”median_inventory” size=”m” timeSpan=”e” endDate = “2010-04-16” /]
