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

Santa Teresa, San Jose

MLS Map of the Santa Teresa real estate area

Things to Do in and around Santa Teresa

GOLF:

Boating:

Other:

Hiking:

Parks and Rec:

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Cycling

Road bike opportunities exist for loops ranging a few miles to 50, 60, or more miles.

  • The Bike path along 87 provides access to down town San Jose and beyond.
  • loops through Almaden Valley to Llagas Road, Bailey Road, and others yield 18-30 mile rides
  • loops through Almaden to Morgan Hill and Gilroy extend range to 36-55 miles
  • Alternatively, routes through Los Gatos and Saratoga out to Cupertino provide variety and extended rides as far as San Francisco’s Golden Gate Park and beyond.

Mountain Biking

opportunities exist at many of the county parks and recreation areas. Please drop us a note and tell us about your favorite places and we will add them

Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping

Places to Eat:

UNDER CONSTRUCTION

Places to Shop:

  • Westfield Oakridge Mall
  • UNDER CONSTRUCTION
 

Education Opportunities in and near Santa Teresa

K-12 Schools Serving Santa Teresa

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

UNDER CONSTRUCTION

Higher Education

Santa Teresa Real Estate Market

Santa Teresa 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 Santa Teresa area of San Jose over the past 12 months. Average sales prices in Santa Teresa have increased consistently this year, recovering much of the 17% drop experienced from June to November 2018. This increase is almost 11%. As in many areas, over-bidding has tailed off somewhat as inventory has increased, but still, most homes sell for around 2% over list.

Santa Teresa Real Estate Trends: Sales by Price Range over the past 6 months

In the histogram above we see that peak sales occur in the $800,000-$1,000,000 price band with about half the homes sold under $1,000,000.

Santa Teresa 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. Demand is high in Santa Teresa as evidenced by the short average time to sell in each price category.

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 demand is keeping time on market in the $1,000,000 to $1,200,000 range below 4 weeks while other price points tend to be much higher.

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%. 

Here we see demand for homes over $1,000,000 in the past 6 months causing bids to average 4% over list while the area itself averages about 2% over.

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

Help me with Santa Teresa 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.