Market Trends Report for Santa Clara County Homes December 2015

Santa Clara County Homes_ Median and Average Prices and Sales For December 2015Low affordability, tight supply and  strong buyer demand sustain this sellers’ market, as shown by the numbers in this real estate market trends report for Santa Clara County in December 2015, which is likely to remain so well into 2016.

RichardHebertSCC-Market-Trends-Report-December-2015

 

MARKET TREND FOR SANTA CLARA COUNTY SINGLE-FAMILY HOMES
Year-Over-Year
• Median home prices increased by 13.8% year-overyear
to $970,000 from $852,500.
• The average home sales price rose by 10.1% yearover-
year to $1,220,730 from $1,109,020.
• Home sales fell by 2.8% year-over-year to 684 from
704.
• Total inventory* rose 19.9% year-over-year to 1,656
from 1,381.
• Sales price vs. list price ratio fell by 0.2% year-over-year
to 102.5% from 102.8%.
• The average days on market fell by 6.7% year-over-year
to 28 from 30.
MARKET TRENDS FOR SANTA CLARA COUNTY CONDOMINIUMS
Year-Over-Year
• Median condo prices increased by 11.4% year-over-year
to $630,000 from $565,500.
• The average condo sales price rose by 15.4% year-over-
year to $695,679 from $602,850.
• Condo sales fell by 6.8% year-over-year to 289 from
310.
• Total inventory* rose 10.6% year-over-year to 501
from 453.
• Sales price vs. list price ratio rose by 0.9% year-over-year
to 103.9% from 103.0%.
• The average days on market fell by 14.9% year-over-year
to 21 from 25.

To read the full market trends report for Santa Clara County December 2015: http://richardhebert.rereport.com

For the complete annual market trends report for Santa Clara County  (2014), which includes charts and graphs for each city in the county, click on the following link: http://rereport.com/scc/print/RichardHebertSCCAnnual.pdf