Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Santa Clara, California

Santa Clara Convention Center

Santa Clara Area Profile

Demographics:

Business and Economy:

City Government

The City of Santa Clarais governed by a city council comprised of 7 members (6 plus the mayor) elected to staggered 4-year terms. The Mayor is elected also to a 4-year term. The government itself is managed by a City Manager.

Santa Clara City Logo

Things to Do in and around Santa Clara

GOLF:

Boating:

Other:

  • Baylands Park, 999 E. Caribbean Drive
  • Santa Clara Swim Center
  • Santa Clara Soccer Center

Hiking:

Parks and Rec:

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Cycling

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Mountain Biking

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Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping in Santa Clara

Places to Eat:

There are a number of restaurants in downtown Santa Clara and across the area that range from casual dining to formal, with cuisine from around the world.

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Places to Shop:

  • Westfield Valley Fair – 2855 Stevens Creek Blvd, Santa Clara
  • Santa Clara Square –  2795 Augustine DriveSanta, Santa Clara
  • Franklin Square – 1100-1300 Franklin St, Santa Clara
  • Rivermark Village – 3945 Rivermark Plaza, Santa Clara

Education Opportunities in Santa Clara

K-12 Schools Serving Santa Clara

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

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Higher Education

Santa Clara Real Estate Market

Santa Clara Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Sunnyvale over the past 12 months. Prices continued advancing through May, 2018, though at a less frenetic pace than in 2017, then declined slightly as more inventory hit the market. In general Santa Clara homes held value while the rest of the county slumped 10-20% through December. Come December, Santa Clara seemed to decide suddenly to catch up with the rest of the county and took a significant step down. Since then, however, Santa Clara sales have nearly made up for those losses.

The red line indicates the average sale price to list price ratio. Here we see bidding dropping off from a peak of 14% over list in May to bottom near 2% below list. Since then, continued demand for Santa Clara homes and their proximity to tech giants has pushed bidding, and therefore prices, up.

Santa Clara City Real Estate Trends: Sales by Price Range for the past 12 months

The histogram above breaks down the past 6 months in Santa Clara homes sales by price range. Here we see two peaks in the market: single family homes between $1,200,000 and $1,600,000, and condo/townhouses from $600,000 to $800,000.

Santa Clara Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Demand is keeping time on market low for all but the highest price category where four homes took 78 days or more to sell.

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.

Here we see that, on average, Santa Clara homes in most price brackets sold in about 3-4 weeks, up from 11-16 days a year ago, giving buyers more time to shop.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. 

Here we see that homes in most categories sold for a few percent above list, which is down from a year ago when most price ranges averaged 9% or more above list. This rate demonstrates continued demand.

Santa Clara Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Help me with Santa Clara Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.