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

Map showing the Evergreen area of San Jose, MLS Area 3

Things to Do in and around Evergreen

GOLF:

Boating:

  • Lake Cunningham Native Garden – 2305 S White Rd, San Jose

Other:

Hiking:

Parks and Rec:

Montgomery Hill Park

Cycling

 

UNDER CONSTRUCTION

Mountain Biking

UNDER CONSTRUCITON

Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping in and around Evergreen

Places to Eat:

  • Caspian Village – Mediterranean – 2881 The Villages Pkwy, San Jose
  • Evergreen Inn and Pub – 3273 S White Rd, San Jose
  • Village Grill – 4075 Evergreen Village Square #120

Places to Shop:

  • Eastridge Shopping Center – Tully Rd, San Jose
  • Evergreen Plaza – 3212 S White Rd
  • Canyon Creek Plaza shopping center – 5645 Silver Creek Valley Rd, San Jose
  • Silver Creek Plaza – E Capitol Expy & Aborn Road, San Jose

Education Opportunities

Higher Education

Evergreen Real Estate Market

Evergreen 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 across the Evergreen area of San Jose over the past 12 months. Average sales prices declined more that 27% from May to December 2018, erasing gains for the prior year. Since then, prices have climbed a more modest 11%, though appear to be rolling off somewhat in April, suggesting the market will not sustain that rate of increase. Meanwhile, bidding has fallen from about 8% over list to about 1%, meaning selecting an offer price is somewhat less challenging.

Homes sales in the Evergreen area of San Jose by price range over the past 12 months

The histogram above breaks down Evergreen area sales over the past 12 months by price range. Here we see that despite Silicon Valley’s reputation for multi-million-dollar estates, the data shows almost half of the homes in Evergreen sold for under $1,100,000. Note, this price break was $1,000,000 in 2017 and $1,200,000 last fall. 

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 breaks down average days to sell by price range. Here we see that for most price ranges, Evergreen homes sold in an average four to five weeks compared to less than two weeks a year ago.

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%. However, the high-end properties, the ones that sit on the market a long time in the graph above, those often sell for less than list, sometimes when the sellers give up on waiting for their desired price.

This histogram breaks down average sales price to list price ration by price range. Here we see that for most price ranges, winning offers are within 1% of list.

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

Help me with Evergreen Real Estate

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.