Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Fulfilling Dreams, one Home at a Time.

Whether you are selling, buying, or investing, our goal is to meet your Real Estate needs so well that you 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




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Mountain Biking


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Education Opportunities

K-12 Schools Serving Central San Jose

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Central San Jose Real Estate Market

MLS-9 Central San Jose
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 about 10% in 2019, with a traditional winter dip evidenced in December. Demand drove prices up in January then helped hold them up during the imposition of COVID restriction beginning in March.  Overall, Central San Jose average prices have returned to 2018 peaks.

Bidding, represented by the red line showing the average sales to list price ratio, has decreased from an average of 16% above list in 2018 to within about 1-2.5% of list currently, which indicates continuing demand but not the rampant price fervor of 2018.

MLS-9 Central San Jose Sales by Price Range
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. 

MLS-9 Central San Jose Average Days on Market by Price Range
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, about 2-3 times as long as the peak market in 2018, and consistent with other areas of San Jose.

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 in most price ranges Central San Jose homes sell, above list, indicating that sellers are pricing properties well.

MLS-9 Central San Jose Sales to List Price Ratio by Price Range
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, 2019, 2020 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.