Willow Glen is perhaps the most charming residential area of the city of San Jose with its old style architecture, tree lined streets and quaint downtown area on Lincoln Avenue and nearby. For folks working in downtown San Jose, the Willow Glen area (roughly the same as 95125 zip code, though a bit of 95124 is included also) is extremely convenient. Values are up very substantially over last year, but down slightly from last month – not entirely atypical for the fall.
Click for the complete Willow Glen real estate report with all of the numbers, stats and trends from the closed sales of houses for last month. Further down in this article you’ll find the Altos Research charts as well.
|SEP 2014||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||-6.8%||$975,000||$1,045,900||+20.7%||$807,500|
|Average Sales Price||-3.9%||$1,089,780||$1,134,500||+21.5%||$896,608|
|No. of Homes Sold||-9.3%||49||54||-18.3%||60|
|Short Sales Sold||N/A||0||0||N/A||0|
|Active Short Sales||N/A||0||0||-100.0%||5|
|Sales Price vs. List Price||+1.0%||101.9%||100.9%||+1.0%||100.8%|
|Average Days on Market||+5.9%||25||23||+19.5%||21|
September Market Statistics
- Median home prices increased by 15.9% year-over-year to $857,500 from $740,000.
- The average home sales price rose by 21.0% year-over-year to $1,108,960 from $916,356.
- Home sales fell by 21.9% year-over-year to 889 from 1,139.
- Total inventory* fell 39% year-over-year to 1,978 from 3,244.
- Sales price vs. list price ratio rose by 0.7% year-over-year to 103.5% from 102.8%.
- The average days on market rose by 8.0% year-over-year to 27 from 25.
Compared To Last Month
- Median home prices slipped by 1.4% to $857,500 from $870,000.
- The average home sales price fell by 3.9% to $1,108,960 from $1,154,130.
- Home sales Down by 2.3% to 889 from 910.
- Total inventory* increased 0.4% to 1,978 from 1,971.
- Sales price vs. list price ratio increased by 0.3% to 103.5% from 103.2%.
- The average days on market increased by 6.5% to 27 from 26.
The Willow Glen Condo market
And next, of Willow Glen condos: