Shelter in Place Activity

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Real Estate

4/29/2020

We are facing more weeks of the Shelter in Place – and I think everyone would agree that are many many challenging aspects (a huge understatement)  However, we are adapting and moving forward in the residential Real Estate world. The mid to lower range properties that are vacant and priced correctly tend to be turning into pending sales at a solid pace.  List prices reflect a slight decrease over prior month list prices- but not significant.

Santa Clara County inventory Active Properties

Single Family                      Condo/Townhomes

As of      3/31       745                                      317

4/7         820                                      345

4/14       868                                      380

4/21       907                                      405

4/27       952                                      411

Single family inventory increased by 45 homes this past week and Condo/Townhomes increased by 6 units.

We’ve seen a steady number of new listings coming on the market throughout SIP

New listings Santa Clara county                  Single family                      Condo/Townhomes

Week of 4/24                                                  112                                      39

Week of 4/17                                                  89                                         23

Week of 4/10                                                  89                                         24