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

South San Jose

Map of South San Jose, MLS Area 11

Things to Do in and around South San Jose

GOLF:

Boating:

Other:

Hiking:

Parks and Rec:

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Cycling

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Mountain Biking

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Theater, Concerts, and Museums near South San Jose

Area Theater and Concert Venues and Organizations:

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Dining and Shopping in and around South San Jose

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Education Opportunities in South San Jose

K-12 Schools Serving South San Jose

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

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Higher Education

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South San Jose Real Estate Market

South San Jose 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 South San Jose area of San Jose in the past 12 months. By May, 2018, average sales prices had risen over 17%, matching the total gain of 2017. However, prices fell off almost 13% by November and then have recovered about a quarter of that decline. Here we see bidding peaked at more than 12% above list in April and plummeted with inventory and general market slowing to near list. Bids have remained within 2% of list since last September. 

South San Jose Estate Trends: home sales in South San Jose by Price Range.

The histogram above allocates South San Jose homes sales by price range over the past 12 months.  Here we see the predominance of the market is in the $600,000 to $1,000,000 price range, with condos and townhouses occupying the $600,000 to $800,000.

South 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 all but a few outliers at the bottom price bracket, homes in South San Jose are priced to move quickly.

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.

The histogram here shows that, on average, across most price ranges in South San Jose, homes sold in about 5-6 weeks, up from 2-3 weeks last year.

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%.

As shown in this graph, sales in the area average within 1% of list except for the lowest band of fixer-uppers and the single sale in the $1,400,000 to $1,600,000 range.

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

Help me with South 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.