When mentioning the City of Santa Clara, what immediately comes to mind is its status as a hub within Silicon Valley. It's home to numerous high-tech companies such as Applied Materials, Intel, Nvidia, Oracle, Ericsson, and more. With a population of approximately 130,000, this city primarily comprises young adults between the ages of twenty and forty. Whether you're looking to settle down individually or with a family, Santa Clara promises a wonderful living experience.
The city of Santa Clara is situated at the heart of the South Bay, bordered by Sunnyvale to the west and San Jose to the east. It's very close to San Jose International Airport and neighboring Cupertino. Major transportation arteries in the city include Highway 101 and Route 82 running east-west, as well as San Tomas Expressway and Lawrence Expressway running north-south. Commuting to work in Silicon Valley is a breeze, with quick access to these routes.
According to the July 2021 census data, the population of Santa Clara is around 127,000, with a median age of 33.9 years. The demographic breakdown is as follows: 36.4% White, 45.9% Asian. For specific population composition data, please refer to the official image from the Santa Clara City Government.
In the city of Santa Clara, there are 35 parks and aquatic centers. An interactive map is available on the government's official website for reference, as shown in the following image.
These 35 parks and aquatic centers are spread throughout the entire city, making it very convenient for residents to go for a walk or swim during the summer.
The city of Santa Clara has three libraries: Central Park Library, Mission Branch Library, and Northside Branch Library. They are open from Monday to Saturday and offer a variety of activities not only suitable for children, such as storytelling sessions, but also for youth and adults. These activities are diverse and enriching.
The Levi's Stadium, Great America Theme Park, and Santa Clara University are all located in this young, vibrant city, making your life convenient and fulfilling.
Santa Clara has a total of six zip codes, but two of them are designated for P.O. Box addresses. One of these P.O. Box zip codes covers Santa Clara University. Therefore, our analysis of real estate purchases focuses on the areas within the three remaining zip codes, which are 95050, 95051, and 95054. Overall, the higher-priced housing areas are concentrated in the southeast corner of the city.
The 95050 area is located on the east side of the city and is home to approximately 30% of Santa Clara's population. Downtown Santa Clara is situated within this area, featuring numerous historical buildings, as well as restaurants and shops. Being close to the San Jose International Airport, Downtown may experience some airplane noise due to flight paths.
Within the 95050 area, the Old Quad community stands out as a historically rich neighborhood known for its Victorian-style homes and tree-lined streets. It is located near Santa Clara University.
To the south of the 95050 area lies the Westwood community, which is also highly popular. Here, you can find the Pruneridge Golf Course and Henry Schmidt Park.
The 95051 area is situated on the west side of the city and is home to nearly 48% of the population. Within this area, Santa Clara Southwest, located between Pruneridge Ave and Stevens Creek, boasts higher housing prices compared to other parts of Santa Clara. The vacancy rate for homes here is relatively low, making it a desirable area with good school districts.
Another community within this area is Camino Del Prado / Casa Del Rey, situated east of Lawrence Expressway. This neighborhood is close to the renowned private school Basis and features higher median housing prices.
Near Central Park in this area, the environment is exceptionally beautiful. Purchasing a home in this vicinity offers the opportunity to enjoy a wonderful community atmosphere. Central Park not only features a clear lake and lush greenery but also playgrounds, basketball courts, tennis courts, and more, making it ideal for family living.
The 95054 area is located in the northern part of the city and is home to nearly 20% of the population. This area features many newly constructed homes at affordable prices. For those interested in new homes, the Rivermark community is a great option. It offers numerous newly built townhouses or apartments, making it ideal for first-time homeowners.
Within Rivermark Village, there are plenty of dining and shopping options, making it a fantastic place for leisure and entertainment.
Over the past year (from February 2023 to February 2024), the housing prices in Santa Clara City have remained relatively stable. In January and February of this year, the price per square foot was approximately $1200.
According to MLS data, in February 2024, a total of 19 single-family homes were sold in Santa Clara City, marking a 36% increase from the previous month. The median price of homes this month was $1.96 million, up 15% from the previous month. The average time homes spent on the market was 8 days, a decrease of one day from the previous month. On average, homes were sold for 12% above the listing price, representing a 3% increase from the previous month.
The above is the analysis of the housing price trend of single-family houses in Santa Clara by KathyWangHomes team. If you would like to download the Santa Clara single-family market report for February 2024,pleaseclick here to download.If you would like to know the latest market trends in Santa Clara, please contact us. We'll help you to turn your dreams into reality.
