San Jose Real Estate Market
If you are a real estate professional, you must equip yourself with fully update information about the market, and then you will thrive. It is because of every buyer and seller always ask you “How is the market going?” when they prepare to buy or sell home. They also need persuadable proof that you can provide them as a local market expert.
Most people know San Jose as the heart of Silicon Valley, California. There are around 950,000 people living in this third-largest city in the state. With the housing boom, the price of real estate increase strongly. Many people, especially real estate shoppers wonder how the market around here will be. In fact, compared to other area, the San Jose real estate market is quite well.
There are around two thousand San Jose homes for sale at present. Further more, there are about five thousand homes in auction, bank owned or pre-foreclosure phases. San Jose homes for sale with median price have increased about three thousand dollars compared to last year. A San Jose homes for sale price is from four hundred seventy five to five hundred thousand dollars in average. The median price per square foot for homes in San Jose is about $307. The price goes up but the number of completed home sales decreases over thirty percent compared to last year.
Let’s have a general view of home price in San Jose. Home in Evergreen and Willow Glen is about 700,000 dollars when home in Edenvale, Alum Rock, and Berryessa is in range of 400,000 to 500,000 dollars. Real estate in South San Jose, Evergreen, Almaden Valley, Willow Glen and West Valley strongly showed the marketplace when it costs from 400,000 dollars up to over one million dollars, depending upon location and specific homes.
There are many San Jose homes for sale and this helps home buyers easily find something with their budget. In fact, there are some homes can be sold under 100,000 dollars meanwhile some can be purchased in several million. There are many Californians love to buy a home in or near San Jose because San Jose has a respected school system, a great location for entertainment and relaxation locations such as museums and national parks, a low crime rate …