San Francisco - The Golden Gate to Your Second Home
Key Statistics, San Jose, CA: Median Sales Price (32.43%), Median Days on Market (-43.38%), and Number of Units Sold (-28.93%), Sales Price to List Price Ratio (Feb 09 98% - Feb 10 100%)
San Jose Homes
The city experienced a 32.43% increase in median sales price from last year going up from $400,742 (Feb. 09) to $530,684 (Feb. 2010). Median days on market data for San Jose shows that houses are selling faster than Feb 09. It took 104 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 59 days (a 43.38% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 643 units were sold compared to 457 for Feb 10 (-28.93% change). Four hundred seventy five to five hundred thousand dollars is the average cost of purchasing a home in San Jose. Paradoxically, the average per square foot price decreased about 1.7 percent. Unfortunately, the number of home sales completed in this area decreased over thirty percent from last year.
Some of the most popular areas for real estate purchases in San Jose are the communities of Evergreen and Willow Glen, with average listing prices of homes around 700,000 dollars. Edenvale, Alum Rock, and Berryessa are also among the most popular areas (in terms of home sales) in San Jose, and feature homes in the 400,000 to 500,000 dollar range. South San Jose, Evergreen, Almaden Valley, Willow Glen and West Valley are communities which have recently made strong showings in the real estate marketplace, with average home prices ranging anywhere from 400,000 dollars up to over one million dollars, depending upon location and specific homes.
A wide variety of homes and properties are listed for sale and home buyers of all income levels are likely to find something within their budget. Some homes in the area can be purchased in the low 100,000 dollar range, and as high as several million. With a crime rate well below the state average, a respected school system, and a great location that is a short drive away from countless entertainment and relaxation locations such as museums and national parks, it's no wonder so many Californians are choosing to purchase a home in or near San Jose.
On a recent episode of HGTV's "Selling New York," the CORE real estate group took over the marketing and sales for a historic building located in Chelsea. Upon visiting the model units to assess what was needed to get the units sold, the Realtors noticed an inconsistency in the current marketing efforts with the overall theme of the building. What is more is that public transportation can take you anywhere, even as far as Berkley or San Jose, California, where the sunshine is a little more consistent. San Francisco is the ideal city to purchase a home because it has something for everyone, while maintaining the laid back vibe California is famous for. It is an expensive city, but the standard of living is among the highest in the country. New Homes San Jose CA