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, and up slightly from last month – somewhat 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.
|Trends at a Glance||Oct 2014||Previous Month||Year-over Year|
|Median Home Price||+5.1%||$1,025,000||$975,000||+20.6%||$850,000|
|Average Sales Price||+5.6%||$1,151,050||$1,089,780||+27.3%||$904,412|
|No. of Homes Sold||+14.3%||56||49||-27.3%||77|
|Short Sales Sold||N/A||0||0||-100.0%||2|
|Active Short Sales||N/A||0||0||-100.0%||6|
|Sales Price vs. List Price||-0.9%||101.0%||101.9%||+0.1%||100.9%|
|Average Days on Market||-10.5%||22||25||-27.3%||30|
October Santa Clara County Market Statistics (for comparison)
- Median home prices increased by 19.4% year-over-year to $875,000 from $733,000.
- The average home sales price rose by 23.1% year-over-year to $1,156,090 from $939,186.
- Home sales fell by 20.9% year-over-year to 929 from 1,174.
- Active listings fell 42.5% year-over-year to 1,708 from 2,970.
- Sales price vs. list price ratio rose by 0.4% year-over-year to 103.1% from 102.7%.
- The average days on market rose by 1.3% year-over-year to 28 from 28.
Compared To Last Month
- Median home prices improved by 2.0% to $875,000 from $857,500.
- The average home sales price rose by 4.2% to $1,156,090 from $1,108,960.
- Home sales Up by 4.5% to 929 from 889.
- Active listings dropped 13.7% to 1,708 from 1,978.
- Sales price vs. list price ratio dropped by 0.4% to 103.1% from 103.5%.
- The average days on market increased by 2.2% to 28 from 27.
The Willow Glen Condo market
And next, of Willow Glen condos: