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

San Jose, California

Downtown San Jose

San Jose Area Profile

San Jose is divided into 10 city council districts and 11 Real Estate areas. This page describes San Jose as a whole at a summary level. See the San Jose Area Pages for detailed information about each region.

Demographics: (2015)

  • Population: 1.03M
  • Median Age: 36.5
  • households: 323,133
  • Median household Income: $91,451
  • Mean Property Value: $717,100

Business

  • Employees: 515,360
  • Top 3 professions: Management; Administrative; Sales
  • Top 3 industries by # of employees: Manufacturing; Professional, Scientific, and Tech; Healthcare and Social Assistance
  • Average Commute: 28.1 Minutes

City Government

The City of San Jose is governed by a city council comprised of 10 members elected to 4-year terms from geographic districts. The Mayor is separately elected to a 4-year term, and a council member is selected as Vice Mayor. The government itself is managed by a City Manager.

San Jose City Hall with the beautiful rotunda

Things to Do in and around San Jose

GOLF:

Boating:

Other:

Hiking:

Parks and Rec:

  • Kelley Park – 1300 Senter Road San Jose, CA 95112
  • UNDER CONSTRUCTION
 
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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 San Jose

Places to Eat:

There are a number of restaurants in downtown San Jose, and each area has its own vibrant culture of food and drink.

Places to Shop:

  • Westfield Valley Fair
  • Westfield Oakridge Mall
  • Santana Row
  • Eastridge Mall
  • UNDER CONSTRUCTION
 

Education Opportunities in San Jose

K-12 Schools Serving San Jose

As a city of over one million people, listing all the K-12 schools here would be overwhelming. Please review the school lists in the specific San Jose real estate areas that interest you. You can find those areas here.

Higher Education

San Jose Real Estate Market

San Jose Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month for the past 12 months

The San Jose Real Estate Market is divided into 11 regions within the city that spans 177.5 square miles and houses more than a million people.  The graph above shows average sales price and sales price to list price ratio for sales across the city of San Jose for the past 12 months. Average home sales rose 25% in 2017 and 12.2% so far this year, which puts prices on pace to exceed last year’s gains.then rolled over as more inventory came on the market. Average prices are down nearly 7% since May while the average Sales Price to List Price Ratio has plummeted from a high near 114% to less than 106% in July.

San Jose Real Estate Trends: Sales by price range for the past 12 months

The histogram above breaks down San Jose real estate sales by price range. Here we see peaks in the $600,000 to $1,000,000 bands that correspond with a similar pattern in 2017. Different from 2017, we see a large increase in the $1,200,000 to $1,400,000 band indicating that sellers with equity are beginning to cash in.

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.

Here we see that in most portions of the market, homes sell in an average of 12 days or less. Only at the low and high ends do homes stay on the market for very long. This is usual.

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 graph of sale price divided by list price, we see that in all but the highest price category, sellers are benefiting from demand-inspired bidding that drives prices up 4.8% to 14.2% compared to 7.5% to as high as 15.8% in May when the market peaked. This is good news for buyers, but disappointing to sellers. 

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

San Jose Single Family Home Sales in the past 12 months:

The photos below bracket the Single Family Home and Condo/Town Home housing markets in San Jose showing lowest and highest value sales in 2017.

This 2,640 sf 2br/2ba Single Family Residence on a 2,640 sf lot in Alum Rock that sold in August 2017 for $392,000 holds the low price mark for the past 12 months in San Jose.

This 2,329 sf 2br/2ba home on 12.95 acres in Almaden Valley set the high price mark for San Jose single family home sales when it sold for $5,500,000 in May, 2018.​

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

This 456 sf 1br/1ba Alum Rock condo with an 1,875 sf lot set the low price mark for the San Jose in the past 12 months when it sold for $301,000 in August, 2017.

This 2,368 sf 4br/3.5ba condominium in Santa Row reached the second-highest condominium and townhouse sale price in May, 2018 with its price tag of $2,350,000. The highest priced property in the category sold in February, 2018 for $2,650,000, but there are no pictures to show!​

Help me with San Jose 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.