Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Things to Do in and around Central San Jose

GOLF:

Boating:

Other:

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Cycling

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Mountain Biking

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Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping

Places to Eat:

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Places to Shop:

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Education Opportunities

K-12 Schools Serving Central San Jose

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

Higher Education

Central San Jose Real Estate Market

Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Central San Jose in the past 12 months. After peaking above $1,000,000 in 2018, average sales prices declined nearly 20% before finally beginning to recover in the past few months. Bidding, represented by the red line, has decreased from an average of 16% above list to within about 1% of list currently.

Central San Jose Real Estate Trends: Number of homes sold by price range over the past 12 months

The histogram above plots number of sales by price range for Central San Jose over the past 12 months. Here we see that the peak of the market between $600,000 to $1,000,000 accounts for about 2/3 of all homes sold in Central San Jose. 

Central San Jose Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. 

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.

This histogram plots average days to sell by price range in Central San Jose. Here we see that for most price ranges, homes sell in 2-4 weeks, significantly faster than most areas of Silicon Valley.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%.

In this histogram, which plots average sales price to list price ratio by price range, we see that Central San Jose homes sell, on average, for between about 3% below list to almost 4% above, compared to 3.1% and 19.4% above list last summer.

Central San Jose Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Help me with Real Estate in Central San Jose

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.