Real Estate Report presented by Mary Pope-Handy

October 2019 Report

Single Family Homes in Santa Clara County, Campbell, All Neighborhoods Change >


Median Price
$1,376,100
-0.3%
Average Price
$1,381,830
-8.0%
No. Sold
17
-41.4%
Pending Properties
32
+88.2%
Active
40
-11.1%
Sale/List Price Ratio
103.6%
+4.4%
Days on Market
25
-37.1%
Days of Inventory
68
+46.6%

Market Barometer

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Market Commentary

The Median Sales Price for Homes Continues to Drop

The median sales price for single-family, re-sale homes in September was down for the eighth month in a row and ten of the past eleven months, year-over-year. It fell 2%. It was up 2.9% from August.

The average sales price was down for the tenth month a row, year-over-year. It fell 7.5%. On a positive note, it was up 2.9% compared to August.

The average sales price broke a ten month streak of being lower than the year before by rising 2.6%. It was up 4.4% compared to August 

The sales price to list price ratio stayed at 100.4%.

Home sales fell 17.6% from August, but they were up 2.1%, year-over-year. There were 719 homes sold in Santa Clara County last month. The average since 2000 is 987.

After fifteen months in a row of Inventory being higher than the year before, it dropped 2.4% last month.

As of October 5th, there were 1,313 homes for sale in Santa Clara County. The average since January 2000 is 2,778.

Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, rose nine days to 53 days compared to August. The average since 2003 is 89.

It is taking thirty-four days to sell a home. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos rose 0.8% from August, but, it was down 0.6% from last September.

The average sales price rose 0.6% from August, but was down 2.5% from last September.

The sales price to list price ratio stayed at 100.0%.

Condo sales were down 10.4%.

Inventory continues to expand. It has been higher than the year before sixteen months in a row. 

As of October 5th, there were 617 condos for sale in Santa Clara County. The average since January 2000 is 757.

Days of inventory rose to sixty-five.

It took an average of thirty-three days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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