Market Conditions for Blossom Valley in San Jose, California
Reported by Pat Chadwell, Broker, ePro, CRS, SRES, Realtor
Updated May 4, 2012.
Current Market Rating: 4
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Current Price Trend: 4
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There are currently 41 active listings in Blossom Valley ranging in price from $250,000-$1,995,000. The current median list price is $525,000. Last year there were 131 active listings with a median price of $500,000. The number of listings is down by a whopping 69%!
There were 60 pending sales in the last 30 days. List price range for pending sales is $350,000-$1,299,000. This number is getting severely impacted by the lack of inventory. The buyers are out there in full force.
There were 35 closed sales in April. Again these numbers would be a lot higher with more inventory.
The condo/townhome market has 18 active listings. April 2011 there were 115 active listings. The number of listings is currently down 84%. There are currently 52 pending sales in the last 30 days. The closed sales of 42 in April are up 24% from last year.
As of April 30, 2012 active listings in Santa Clara County are a scant 1621, of that the single family homes were 1263 and condo/townhomes were 358. This number is continuing to decline. These numbers were down 55% from last year's figure!
The number of homes and townhome/condos that went into contract over the last 30 days was 1779 (single family - 1318, condo/townhome - 461). This figure was less than last year. However, if we had the inventory we would have sold a lot more homes! Many areas of seeing multiple offers on homes.
The number of closed sales in March were 1368 (987 were single family homes and 381 were condo/ townhomes). The closed sales up 7% over last year. Again, if we had more inventory these numbers would be through the roof!
Understanding your options both in Real Estate and lending is critical now as guidelines have changed making the real estate market fluid. Want to know your options? Call me!
For more information on this local market, call 855-927-6565 or email me at pat@patchadwell.com. Pat Chadwell, Broker, CRS, ePro, SRES, CDPE, CIAS, SFR. I have 28 years helping clients with their Real Estate needs.
ZIP Codes: 95123, 95136 Approximate Location Boundaries: Blossom Valley
Location Characteristics: Situated in south San Jose, just northeast of the breathtaking Los Capitancillos Ridge that separates it from Almaden Valley, Blossom Valley's well regarded schools, recreational amenities, outstanding Mediterranean climate and convenient location make it one of the region's best family neighborhoods.
Populated by soccer moms and little league coaches and interspersed with vestiges of San Jose's agricultural history, Blossom Valley is a short drive from downtown San Jose's cultural resources and Silicon Valley's high technology work centers.
Blossom Valley has all manner of convenient retail shopping, from home improvement to neighborhood shopping and services. The newly renovated Oakridge regional shopping center is anchored by Macy's and Sears and has more than 100 specialty stores.
An excellent highway system and light rail service connects the community to all parts of the valley, and makes it easy to escape to Northern California's ski slopes and mountains to the east, the beaches to the west or San Francisco to the north
About Pat Chadwell:
Pat has 28 years experience selling residential real estate, 22 years as a broker. Our professional team is knowledgeable, competent and high tech.
What Clients Say: Your competence and skill in handling situations and knowing how to communicate with people is as impressive as your kindness and reassuring manner.
Your attention to detail, knowledge of the market, and skill in sales made a difference.
Pat’s confidence, knowledge and her ability to communicate well and handle perspective clients was clearly evident.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
