Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Fulfilling Dreams, one Home at a Time.

Whether you are selling, buying, or investing, our goal is to meet your Real Estate needs so well that you 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

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South San Jose Real Estate Market

MLS-11 South San Jose Real Estate Price Trends
South San Jose Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows that average sale prices in South San Jose have hovered around $750,000 for the past year, with a slight winter dip in January and generally shrugging off the impact of COVID-19 restrictions that began in March.

The red line tracks the average sales price to list price ratio and here we see demand was strong in the early part of the year and abated only somewhat during COVID. This is good news for sellers in the area.

MLS-11 South San Jose Residential Sales by Price Range
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 $400,000 to $1,000,000 price range, with condos and townhouses nearly all of the $400,000 to $600,000 band and about a third of the $600,000 to $1,000,000 market segment.

MLS-11 South San Jose Average Days on Market
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 2 to 3 weeks, however this data is corrupted by the fact that the MLS system did not count days on market during the COVID Shelter-in-Place orders. 

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 above list in all price bands, with demand driving the upper end to 5-9% over list.

MLS-11 South San Jose Average Sales to List Price Ratio by Price 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, 2019, 2020 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.