Real Estate Report presented by Mary Pope-Handy

November 2021 Report

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


Median Price
$1,737,500
+5.9%
Average Price
$1,837,810
+9.1%
No. Sold
44
-22.8%
Pending Properties
51
-16.4%
Active
11
-26.7%
Sale/List Price Ratio
115.2%
+4.0%
Days on Market
13
-6.7%
Days of Inventory
7
-8.2%

Market Barometer

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Market Commentary

Home Sales Down, Prices Up

Sales of single-family, re-sale homes were down for the third month in a row, year-over-year, in November. Sales fell 10.2%. There were 857 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.

The median sales price for single-family, re-sale homes rose 3.4% from October. It was up 21.7% compared to last year. That’s the twenty-fifth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes rose 4.8% from October. It was up 19% year-over-year.

The sales price to list price ratio went from 109.4% to 110.4%. Multiple offers continue to be the norm.

Pending sales were up 18% year-over-year.

Inventory of single-family, re-sale homes was down 53.4% compared to last year. That is the twenty-seventh month in a row inventory has been lower than the year before. As of December 5th, there were 309 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, fell from 15 days to 10 days. The average since 2003 is 89.

It took only sixteen 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 9.4% compared to last November. The average sales price gained 8.9% year-over-year.

Condo sales were up 17.3% year-over-year. There were 434 condos sold in November.

The sales price to list price ratio went from 103.9% to 104%.

Condo inventory fell 60.7% compared to last November. 

As of December 5th, there were 202 condos for sale in Santa Clara County. The average since January 2000 is 757.

Days of inventory fell nine days to thirteen.

It took an average of twenty-two 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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