Homebuyers who were quick on the draw in early May managed to snag some relative deals in Santa Clara and neighboring Sunnyvale, even with prices still sky high across the South Bay. Local sales records for the week around May 4 show a mix of turnkey remodels and older homes that sold below their neighborhood medians. In all, the period saw about 335 residential closings and an average sale price near $2 million, based on local compilations of public records.
Standout Sale on Russet Drive
A six-bedroom, three-bath house on the 800 block of Russet Drive, roughly 2,360 square feet and built in the mid-1960s, changed hands for $2.825 million on April 27, 2026. The sale was recorded in SFGATE's weekly "Homes Sold" roundup, where it appeared as one of the highest-priced deals in the South Bay for that week.
Santa Clara Market Snapshot for the Week
According to the East Bay Times, the Santa Clara market logged 335 residential sales during the period, averaging roughly $1,102 per square foot and about $2,000,000 per transaction. One local example on May 4 was 2747 Donovan Ave, which closed for $2,208,000, per its listing on Realtor.com.
What Buyers Should Watch
Local broker groups say the spring market remains picky: well-priced, renovated homes tend to fly off the shelf, while older properties with deferred maintenance often sit a bit longer, opening up occasional value plays for buyers who move fast. A BayEast Association market update in April pointed to rising activity and tight supply across the East Bay, a pattern that spills over into Santa Clara and helps explain why the week's standout deals looked like bargains in context. BayEast reported on that shift.
How We Compiled the List
This roundup pulls from weekly sales summaries and public MLS and property records, combining the East Bay Times' Bay Area Home Report with property pages and MLS entries available on Redfin and Realtor.com. Prices and dates reflect recorded transfers and local MLS data, and the linked listings contain full sale histories and tax details for each property.
