Not enough inventory, plenty of buyers.
There are currently 25 single family Santa Clara homes for sale, down from 26 last week.
There are currently 6 Santa Clara town homes/condos for sale, down from 8 last week.
There are currently 49 pending sales of Santa Clara single family homes, down from 51 last week.
There are currently 39 pending sales of Santa Clara town homes/Condos, the same as last week.
In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb., ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.
In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb., ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.
These numbers are still low, and even lower than last week, but it was Easter/Passover, so it is not a surprise. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference. What is encouraging is that the number of sales has gone up dramatically, despite low weekly inventory. This is an indication that there are more homes coming to market, just selling faster.
If you would like to search for homes for sale please feel free to visit my website for a custom search.
If you have any questions about buying or selling a home in Santa Clara please feel free to contact me.