April 2021 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$1,959,080
+1.5%
Pending Properties1,297
+0.6%
Sale/List Price Ratio110.0%
+1.0%
Days of Inventory15
-25.9%
Trends at a Glance
| Trends At a Glance |
Apr 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,647,500 (+3.0%) |
$1,600,000 |
$1,380,000 (+19.4%) |
| Average Price |
$1,959,080 (+1.5%) |
$1,930,800 |
$1,612,900 (+21.5%) |
| No. of Sales |
1,214 (+41.5%) |
858 |
557 (+118.0%) |
| Pending |
1,297 (+0.6%) |
1,289 |
502 (+158.4%) |
| Active |
645 (+8.4%) |
595 |
1,028 (-37.3%) |
| Sale vs. List Price |
110.0% (+1.0%) |
108.9% |
103.2% (+6.5%) |
| Days on Market |
15 (-18.2%) |
18 |
16 (-6.0%) |
| Days of Inventory |
15 (-25.9%) |
21 |
54 (-71.2%) |
Market Commentary
The median sales price for single-family, re-sale homes set a new high for the third month in a row. It was $1,647,500 last month, a gain of 18.5% compared to last year. That’s the eighteenth 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 also set a new high for the third month in a row. It was up 21.1% year-over-year.
The sales price to list price ratio went from 108.9% to 109.9%. Multiple offers continue to be the norm.
Sales of single-family, re-sale homes were up 119.5% year-over-year in April. There were 1,214 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
This was the eighth month in a row that home sales were higher than the year before.
Pending sales were up 119.8% year-over-year.
Inventory of single-family, re-sale homes was down 23.5% compared to last year. That is the twentieth month in a row inventory has been lower than the year before. As of May 5th, there were 645 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 six days to 15 days compared to March. The average since 2003 is 89.
It took only fifteen 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 8.8% from last April. The average sales price gained 5.7% year-over-year.
Condo sales were up 176.4% year-over-year. There were 561 condos sold in April.
The sales price to list price ratio went from 102.9% to 104.6%.
Condo inventory rose 5% compared to last April.
As of May 5th, there were 377 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory dropped ten days to nineteen.
It took an average of twenty days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.