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: 

Economy:

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 declined 17.5% from May to December 2018, then held relatively flat until March. At the end of April, prices had risen more than 9% from December’s low, behaving more like a usual winter slump with spring rise that we have not seen for several years in Silicon Valley.  At the same time, overbidding fell sharply from more than 12% above list on average to just below list in January. Bidding has climbed along with prices up to only about 2% over list on average.

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 the peak remains solidly in the $600,000 to $1,000,000 bands where it has been at least since 2017.

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 about a month, more than twice as long as one 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%. 

In this graph of sale price divided by list price, we see that in all but the highest price categories, sales prices are averaging less than 2% above list, down from 14% a year ago. 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

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.