2009 was actually a busy year for home sales in Santa Clara. Although the national press focused on the sluggish real estate market, record high foreclosures and the country's credit woes, the number of homes sold in the City of Santa Clara was not too far off from 2007 levels.
In 2007 569 homes were sold in Santa Clara compared with 539 sold in 2009. 2008 we did witness a very down year, that number dropped to just 485 homes. The biggest difference in 2009 from previous years were the number of short sales and bank owned homes that made up the total sales.
In 2009 the number of short sale homes sold in Santa Clara were 66 homes or 12% of homes sold that year. Santa Clara bank owned homes totalled 123 in 2009 or 23%. Over a third of the single family homes sold in Santa Clara in 2009 were some sort of distressed sale.
This is in stark contrast to 2007 where there was just one closed short sale in Santa Clara and no bank owned home sales.
FYI, In 2008 the number of short sale homes totalled just 16 homes or 3% of the homes sold that yearAs for bank owned homes there were 43 homes or 9% of homes sold that year in Santa Clara.
Also Don Callejon the only k-8 school is over 800 for the first time.
Peterson middle school is continuing to improve as is Laurelwood which just surpassed 900. This is a wonderful trend that I hope will continue for the Santa Clara community and the quality of the student's education.
| SANTA CLARA UNIFIED | 782 | 764 | D | 18 | ||||
| Elementary Schools | ||||||||
| Bowers Elementary | 790 | 765 | 5 | 25 | ||||
| Bracher Elementary | 861 | 835 | A | 26 | ||||
| Braly Elementary | 834 | 816 | A | 18 | ||||
| Briarwood Elementary | 798 | 762 | 5 | 36 | ||||
| C. W. Haman Elementary | 797 | 779 | 5 | 18 | ||||
| Don Callejon | 806 | 769 | 5 | 37 | ||||
| George Mayne Elementary | 816 | 827 | A | -11 | ||||
| Kathryn Hughes Elementary | 779 | 748 | 5 | 31 | ||||
| Laurelwood Elementary | 902 | 885 | A | 17 | ||||
| Millikin Elementary | 989 | 987 | A | 2 | ||||
| Montague Elementary | 761 | 733 | 5 | 28 | ||||
| Pomeroy Elementary | 797 | 768 | 5 | 29 | ||||
| Ponderosa Elementary | 849 | 847 | A | 2 | ||||
| Scott Lane Elementary | 742 | 711 | 5 | 31 | ||||
| Sutter Elementary | 854 | 851 | A | 3 | ||||
| Washington Elementary | 891 | 863 | A | 28 | ||||
| Westwood Elementary | 790 | 752 | 5 | 38 | ||||
| Middle Schools | ||||||||
| Buchser Middle | 758 | 733 | 5 | 25 | ||||
| Juan Cabrillo Middle | 756 | 715 | 5 | 41 | ||||
| Marian A. Peterson Middle | 859 | 832 | A | 27 | ||||
| High Schools | ||||||||
| Adrian Wilcox High | 727 | 739 | 5 | -12 | ||||
| Santa Clara High | 731 | 726 | 5 | 5 | ||||
| Wilson Alternative | 584 | 539 | 13 | 45 | ||||
| Small Schools | ||||||||
| Downtown College Prep Alviso | 602* | B | B | B | ||||
| ASAM Schools | ||||||||
| New Valley Continuation High | 588* | 605* | D | -17 |
Santa Clara single family home inventory dipped below 90 homes this week, the first time since April of 2007. Sales are 25% up from last year and the number of new listings have not been able to keep up with the rate of sales. This has resulted in lower inventory and multiple offer situations and some price appreciation.
Total home sales this year so far are 561 homes compared with last year around this time of just 457 homes, which is approximately a 23% increase over last year. Here is a quick look at what has been happening in August sales compared to last year’s August numbers.
| Week | Santa Clara | Week | Santa Clara | ||
| Of | Active | Pending* | Of | Active | Pending* |
| 8/17/09 | 87 | 13 | 8/18/08 | 219 | 19 |
| 8/10/09 | 92 | 16 | 8/11/08 | 220 | 12 |
| 8/3/09 | 95 | 20 | 8/4/08 | 217 | 13 |
| 7/27/09 | 103 | 21 | 7/28/08 | 221 | 12 |
| 7/20/09 | 103 | 25 | 7/21/08 | 213 | 12 |
I imagine listings will start to eventually come up due to anticipated pent up sellers, nonetheless will that number overwhelm the current buyers in this market? And foreclosures - are they just waiting to flood the market like so many think? Highly unlikely in my opinion. This really seems like the market is stablizing. If the local job market becomes healthy, do not expect prices to fall.
A note to sellers, make sure you price your homes competitively and they will sell, in some cases with multiple offers. Buyers understand inventory and understand where you stand in this market. Multiple offers are happening, not everywhere, but in most cases where there are good properties and they are priced accurately. Do not solely rely on past comps as the market is rebounding from its lows.
| MLS Num | List Price | Street Address | DOM | Sale Price | Close Date | |||
| 1 | 80920106 |
|
361 HAYES AVE | 8 | $710,000 | 5/21/2009 | ||
| 2 | 80919794 |
|
2230 ESPERANCA AVE | 8 | $795,000 | 5/29/2009 | ||
| 3 | 80919492 |
|
1739 LAINE AVE | 17 | $525,000 | 5/27/2009 | ||
| 4 | 80919047 |
|
77 ALVISO ST | 12 | $425,000 | 5/27/2009 | ||
| 5 | 80916666 |
|
736 BAIRD AVE | 0 | $555,000 | 5/15/2009 | ||
| 6 | 80916216 |
|
2363 LASS DR | 9 | $788,800 | 5/7/2009 | ||
| 7 | 80916000 |
|
3045 DIBBLE CT | 11 | $545,000 | 5/22/2009 | ||
| 8 | 80915954 |
|
2374 FATJO PL | 15 | $498,500 | 6/1/2009 | ||
| 9 | 80915709 |
|
1427 MAIN ST | 11 | $310,000 | 5/8/2009 | ||
| 10 | 80914948 |
|
1263 KIELY BL | 13 | $439,900 | 5/8/2009 | ||
| 11 | 80914950 |
|
2251 BOHANNON DR | 7 | $656,000 | 5/13/2009 | ||
| 12 | 80914899 |
|
2078 HOOVER DR | 22 | $565,000 | 5/13/2009 | ||
| 13 | 80914162 |
|
2727 ESTELLA DR | 11 | $805,000 | 5/5/2009 | ||
| 14 | 80913825 |
|
4642 WILCOX AVE | 20 | $526,000 | 5/11/2009 | ||
| 15 | 80913506 |
|
3533 GOLDEN STATE DR | 10 | $470,000 | 5/13/2009 | ||
| 16 | 80913331 |
|
441 BELLWOOD DR | 37 | $565,000 | 5/21/2009 | ||
| 17 | 80913040 |
|
2353 GLENDENNING AVE | 22 | $550,000 | 5/12/2009 | ||
| 18 | 80912737 |
|
114 WOODHAMS RD | 15 | $475,000 | 5/28/2009 | ||
| 19 | 80913116 |
|
2586 FOREST AVE | 35 | $460,000 | 4/27/2009 | ||
| 20 | 80912558 |
|
937 BAIRD AVE | 5 | $488,000 | 5/15/2009 | ||
| 21 | 80912555 |
|
2498 HART AVE | 6 | $492,000 | 5/16/2009 | ||
| 22 | 80911776 |
|
1872 WALNUT GROVE AVE | 39 | $380,000 | 5/27/2009 | ||
| 23 | 80911480 |
|
736 ASBURY PL | 53 | $720,000 | 5/26/2009 | ||
| 24 | 80911047 |
|
3529 CLINTON AVE | 14 | $520,000 | 4/20/2009 | ||
| 25 | 80911124 |
|
2279 CROCKER WAY | 34 | $660,000 | 5/14/2009 | ||
| 26 | 80910268 |
|
2612 PAINTED ROCK DR | 47 | $485,000 | 5/19/2009 | ||
| 27 | 80910013 |
|
2035 MAIN ST | 32 | $456,000 | 5/6/2009 | ||
| 28 | 80909914 |
|
3497 CABRILLO AVE | 41 | $600,000 | 5/18/2009 | ||
| 29 | 80909555 |
|
1923 MURGUIA AVE | 58 | $530,000 | 5/6/2009 | ||
| 30 | 80908308 |
|
462 ROSEMONT DR | 34 | $530,000 | 4/30/2009 | ||
| 31 | 80903998 |
|
3466 COOPER DR | 67 | $625,000 | 4/30/2009 | ||
| 32 | 80903946 |
|
2624 PEBBLE BEACH DR | 15 | $356,000 | 5/8/2009 | ||
| 33 | 80902367 |
|
1942 STANLEY AVE | 74 | $610,000 | 5/19/2009 | ||
| 34 | 80901499 |
|
1675 MARKET ST | 51 | $930,000 | 4/30/2009 | ||
| 35 | 80900722 |
|
902 HARGIS WAY | 73 | $875,000 | 5/12/2009 | ||
| 36 | 80900987 |
|
2546 GLADE DR | -- | $565,000 | 5/8/2009 | ||
| 37 | 80900529 |
|
2447 AMETHYST DR | 76 | $330,000 | 5/1/2009 | ||
| 38 | 80849832 |
|
2851 MARK AVE | 58 | $590,000 | 3/17/2009 | ||
| 39 | 80849698 |
|
312 LOWELL DR | 124 | $717,000 | 5/13/2009 | ||
| 40 | 80849597 |
|
1060 CIVIC CENTER DR | 80 | $228,000 | 5/8/2009 | ||
| 41 | 80844561 |
|
4170 TOBIN CIR | 148 | $700,000 | 4/30/2009 | ||
| 42 | 80838362 |
|
1825 BENTON ST | 186 | $593,000 | 5/29/2009 | ||
| 43 | 80831373 |
|
3567 DINNY ST | 177 | $500,000 | 5/1/2009 | ||
| 44 | 80829721 |
|
2998 CHROMITE DR | 159 | $620,000 | 5/4/2009 | ||
| 45 | 80826405 |
|
791 MONROE ST | 272 | $660,000 | 5/12/2009 | ||
| 46 | 80823818 |
|
4614 CHEENEY ST | 247 | $720,000 | 4/30/2009 | ||
| 47 | 80768884 |
|
2128 MONTEREY AVE | 189 | $440,000 | 7/20/2008 |
First off, I'm a huge believer in staging and use it in all my listings. After experiencing the difference first hand, selling an expired listing that was on the market for 5 months in just 1 week, I knew that if you are selling a house you need to have it staged. With that said I incorporated it into my listings and provide the service free to my listing clients. I invested in a storage locker and took staging courses and trained to learn the art of staging. If you are considering selling you need to read this article about staging.
When a house goes on the market homeowners and realtors do everthing they can to ensure the property looks its best. But it takes more than a colorful throw and pillow to disguise a saggy old sofa, or any other flaws the home might have. That's where a good stager comes in. Stagers are professionals who come into homes or apartments for sale and style them with furniture, artwork, and other decor items to maximize the property's appeal to potential buyers. More than just redecorating, staging appeals to the psycohology of the buyers by helping them see the property as their home, as opposed to someone else's.
While staging services used to be the sole domain of those with multi-million dollar mansions to sell it is now affordable for homeowners across the spectrum.
Staging is an investment that not only helps sellers get top dollar for their property, but can cut the time a house spends on the market in half. Currently the average number of days a house in Santa Clara County is on the market is 120 days, my staged homes are selling within a month.
There are four objectives of staging a home.
It's a misconception that ta wall full o ffamily portraits will create warmth. Its so important to deperonalize the home. When you walk into a model home, you don't feel like you're in someone else's space. That's an uncomfortable feeling, that you're invading someones space and looking at their persoanl things - persons photos, personal collections, and kind of personal items in a bathroom, trash cans. Anything that says 'someone lives here' with a big red flag, like toilet bowl brushes or bath mats on the floor, we put away prior to showing the house.
My goal when staging a house is to create a very warm, inviting and updated space and environment, so the home doesn't feel like someone has lived there or for 30 years and feels old and dreary. I want it to feel bright, fresh, and clean, ready for someone to move into immeadiately.
A lot of homes have unusual floor plans so when I come in, it's my challenge to make the home make sense to a buyer. Where does it make sense to sit and watch TV, where are the kids going to do their homewor? I consider these factors when I'm planning the staging and the furnishings.
For me it's not just about putting furniture in the house and making it look beautiful, it's really about making the space functional for the buyer, and makeing the best use of it for the way we live today not 30 years ago. The buyer may never live the way I staged the home, but it makes sense when they walk in and it appeals to them.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved