3 minute read
Market Report 10.22 KW Thrive
Market Update
S o u t h B a y A r e a | O c t o b e r 2 0 2 2
Advertisement
757
New Listings
684
Sold Listings
1.6
Months of Inventory
$1.58M
Median Sale Price
99.9%
Median Sale vs List Price
28
Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 010/2021 thru 10/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Realty Thrive. 408.850.6900 Each Office is independently owned and operated.
Santa Clara at a
glance
CONDOS & TOWNHOMES
326
New Listings
249
Sold Listings
1.9
Months of Inventory
$891K
Median Sale Price
100%
Median Sale vs List Price
26
Avg Days on Market
LISTINGS FOR SALE VS SOLD LISTINGS
SANTA CLARA | OCTOBER 2021 - OCTOBER 2022
1,500
1,000
500
0
Oct 2021
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
July 2022
Aug 2022
Sept 2022
Oct 2022
SINGLE FAMILY HOMESLast 12 months, year-over-year
750
500
250
0
Oct 2021
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
June 2022
Jul 2022
Aug 2022
Sept 2022
Oct 2022
CONDOSLast 12 months, year-over-year
SANTA CLARA | OCTOBER 2022
$2,000,000
Single Family Homes
OVERBIDS AVG DAYS ON MARKET MEDIAN SALES PRICE
$1,500,000
$1,000,000
$500,000
$0
30
20
10
0
125%
100%
75%
50%
25%
0%
Oct 2021
Oct 2021
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Nov 2021
Dec 2021
Jan 2022
Feb 2022
March 2022
Apr 2022
May 2022
Jun 2022
Oct 2021
Nov 2021
Dec 2021
Jan 2022
Feb 2022
March 2022
Apr 2022
May 2022
June 2022
July 2022
July 2022
July 2022
Aug 2022
Aug 2022
Aug 2022
Sept 2022
Sept 2022
Sept 2022
Oct 2022
Oct 2022
Oct 2022
The median sales price is down from $1.62 Million in Oct. 2021 to $1.58 Million in Oct. 2022
Condos & Townhomes
The median sales price has decreased from $925k last Oct. 2021 to $891k in Oct. 2022
Single Family Homes
The average days on market has gone up from 14 days last Oct. 2021 to 28 days in Sept. 2022.
Condos & Townhomes
The average days on market last Oct. 2021 was 21 days and has increased to 26 days in Sept. 2022.
Single Family Homes
The overbid percentage has decreased from 109.2% in Oct. 2021 to now 99.9% in Oct. 2022.
Condos & Townhomes
The overbid percentage has gone down from 103.7% last Oct. 2021 to 100% a year later in Oct 2022
