Tag Archives: Homes for Sale San Jose CA

FEB. 2020 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The real estate market turned quickly and heated up with multiple offers late DEC 2019, JAN and FEB 2020. The market can turn on a dime, and has shown this again. Mortgage interest rates dipped below 3.5%, and the real estate inventory dwindled. With a low supply, and still high demand, with favorable mortgage rates, bidding wars returned! For example, 635 Yosemite Avenue, Mountain View 94041 was listed on 01/30/2020 for $2,448,000 and SOLD 27% “over-asking” to CLOSE at $3,100,000.

As of March 4, 2020, the Bay Area Real Estate currently has 997 ACTIVE Status units (Single Family, Condo and Townhomes available for sale) in the Santa Clara County. FEB 2020 recorded 806 Home SALES ranging from $359,000 (1062 Summershore Court, San Jose 95122) to $8,100,000 (28011 Elena Road, Los Altos Hills 94022), with 28 Average Days on Market DOM. The Average Close Price was $1,337,243 with 46% of the Sales selling between $800,000 – $1,400,000.

CONTACT: Jeni Pfeiffer, Associate Broker, Realtor®

SELLER SLIP-UPS according to C.A.R.

Here is advice for Sellers, directly from the California Association of Realtors. SELLERS . . please let the Buyers view your home comfortably, so they can imagine themselves living there. It will greatly benefit your successful sale.

Seller Slip-Ups_Jeni Pfeiffer


July 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,126 ACTIVE Status units (available for sale) in the Santa Clara County. July 2019 recorded 1,238 Single Family, Condo and Town Home SALES ranging from $11,080,000 (543 Seale Avenue, Palo Alto 94301) to $330,000 (247 N Capitol Avenue,#227, San Jose 95127) with 26 Average DOM. The average price was $1,385,492 with 50% of the Sales selling between $700,000 – $1,300,000. Properties priced 10 – 15% below the height of 2018 prices are now selling. Over-priced properties are lingering on the market. Low mortgage interest rates, currently in the 3% range, are favoring Buyers.

San Jose Eichlers’ Appreciation from $14,800 – $925,999_Rose Glen Neighborhood

Dave Weinstein, of Eichler Network, recently published a fascinating article about “Rose Glen” San Jose Eichler owner, Karina Marshall, sleuthing to learn more about the history of her housing tract, designed by A. Quincy Jones in the early 50’s post WWII. I have represented Buyers for Eichlers in this wonderful, original Eichler housing tract neighborhood in San Jose. Karina located this advertisement for Eichler Homes priced between $14,800 – $16,750 featuring luxurious architect-designed homes with such custom extras as engineered radiant heating, Armstrong Cork floors, wood paneled walls, concrete patios and welcoming Vets.

Morepark ad for Eichlers, Courtesy EichlerNetwork

Morepark ad for Eichlers, Courtesy EichlerNetwork

The Eichler Homes have become Iconic and highly sought after. The Rose Glen Neighborhood’s most recent Eichler sales are:

  • $820,000 – 831 Menker Avenue , San Jose 95128,  SOLD on 05/15/2015
  • $925,999 – 861 Richmond Avenue , San Jose 95128,  SOLD on 06/15/2015

How’s that for appreciation? CLICK HERE for The CA Modernist article “Newcomer Rediscovers Neighborhood’s History” by Dave Weinstein

861 Richmond San Jose Sells for $925,999, 06/15/2015. Photo Courtesy Shelly Potvin, Coldwell Banker

861 Richmond San Jose Sells for $925,999, 06/15/2015. Photo Courtesy Shelly Potvin, Coldwell Banker