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. have hovered around $1,000,000 so far in 2018 after a meteoric 33% gain in 2017, usually attributed to announcements by Google and Adobe for major expansions in downtown San Jose. Bidding wars remained prevalent in the area until about May when, like many areas in the County, bidding tailed off from the highs of 16% above list to about 8% in July. Most homes in Central San Jose sold in 10 days or less, attesting to the fast-paced market.

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 50% of 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 13 days or less, with only the $1,800,000 to $2,000,000 range coming close to not being considered a seller’s market.

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 3.1% and 19.4% above list; with the peak market range averaging about 13% over list.

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

The photos below show the lowest and highest sale price homes in Central San Jose so far in 2017

Central San Jose Single Family Home Sales in the last 12 months:

This 946 sf 2br/1ba on a 5,400 sf lot set the low mark for single family home sales prices in the past 12 months when it sold above list for $455,000 in September, 2017.

This 5,459 sf 3br/3ba home on a 17,473 sf lot sold for $2,750,000 in April, 2018 and holds the high price mark for single family homes in Central San Jose for the period

Central San Jose Condo and Town Home Sales in the last 12 months:

This 633 sq 1br/1ba condo that sold for $375,000 in October, 2017 holds the low price mark for Central San Jose condominiums and townhouses for the period.

A 1,502 sf 2br/2ba condo set the high price mark for the period for Central San Jose condominiums and townhouses when it sold for $1,450,000 in April, 2018.

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.