January 2021 Report
Single Family Homes in Santa Clara County, Monte Sereno, All Neighborhoods Change >
Average Price$3,007,170
-10.6%
Pending Properties3
+50.0%
Sale/List Price Ratio109.8%
+13.6%
Days of Inventory50
+100.0%
Trends at a Glance
| Trends At a Glance |
Jan 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$2,790,000 (-19.4%) |
$3,462,500 |
$2,200,000 (+26.8%) |
| Average Price |
$3,007,170 (-10.6%) |
$3,364,170 |
$2,200,000 (+36.7%) |
| No. of Sales |
3 (-50.0%) |
6 |
1 (+200.0%) |
| Pending |
3 (+50.0%) |
2 |
1 (+200.0%) |
| Active |
5 (0.0%) |
5 |
8 (-37.5%) |
| Sale vs. List Price |
109.8% (+13.6%) |
96.6% |
97.8% (+12.3%) |
| Days on Market |
15 (-61.0%) |
39 |
5 (+200.0%) |
| Days of Inventory |
50 (+100.0%) |
25 |
240 (-79.2%) |
Market Commentary
Sales of single-family, re-sale homes were up 51.7% year-over-year in January. There were 590 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
This was the fifth month in a row that home sales were higher than the year before.
The average sales price for single-family, re-sale homes was up 11.7% year-over-year.
The median sales price for single-family, re-sale homes rose 15.1% compared to last year. That’s the fifteenth month in a row the median sales price has been higher than the year before.
The sales price to list price ratio went from 103.7% to 104.4%.
Pending sales were up 54.9% year-over-year.
Inventory of single-family, re-sale homes was down 4.5% compared to last year. That is the seventeenth month in a row inventory has been lower than the year before. As of February 5th, there were 484 homes for sale in Santa Clara County. The average since January 2000 is 2,703.
Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, rose ten days to 25 days compared to December. The average since 2003 is 89.
It took only twenty-three days to sell a home last month. That is the time from when a home is listed for sale to when it goes into contract.
The median sales price for condos was up 6.4% from last January. The average sales price gained 7% year-over-year.
Condo sales were up 38.7% year-over-year. There were 265 condos sold in January.
The sales price to list price ratio went from 100.5% to 100.6%.
Condo inventory rose 71.8% compared to last January.
As of February 5th, there were 371 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory rose to forty-two from thirty-two.
It took an average of thirty-four days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.