Market Conditions for Willow Glen in San Jose, California
Reported by Pat Chadwell, CRS, ePro, SRES, REALTOR
Updated May 3, 2012.
Current Market Rating: 3
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Current Price Trend: 4
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The number of active single family homes is 65, pending sales for the last 30 days were at 61 and closed sales in April were 58. Active listings are about 61% lower than last year. Pending sales are up 13%. Closed sales are up 71%!
The price range of the active listings is $329,000-$2,599,000. The median list price is $799,000. The list price range for the pending sales is $291,000- $2,499,000.
There curently 7 condo/townhomes on the market with 20 pending in the last 30 days and 15 closed sales in April. Active listing are about 79% lower and closed sales are up 500% over last year's numbers.
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 Code: 95125 Location Characteristics: Willow Glen is a uniquely charming neighborhood of San Jose with its own main street, Lincoln Avenue, Willow Glen is lush with tree-lined streets, punctuated with architecturally distinctive single family homes, many of them Victorian and Spanish-style built in the 1920s and 1930s.
The Lincoln Avenue downtown business district is lined with sidewalk cafes, Italian delis, home design stores and clothing boutiques.
Located three miles southwest of downtown San Jose, Willow Glen is bordered by the Guadalupe River, the Los Gatos Creek and Coe and Curtner Avenues‹the Willow Glen community is an ideal setting for new families where virtually every home is unique and beautiful, with small town curb appeal.
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.
