How’s the real estate market in the Willow Glen area of San Jose? Like the greater Silicon Valley region, Willow Glen is comprised of many smaller micro-markets. It will be different in north Willow Glen, Palm Haven, The Willows, or in a walk-to-town area than it will be in the Dry Creek area or St. Francis Woods neighborhood – let alone differences for school districts, price point, zip code and home type! It’s a patchwork of all these smaller markets, in other words. What’s happening in one segment might be very different than in another. Disclaimers aside, overall it is a seller’s market in Willow Glen right now.
Overall, listing and sales activity seems to be strong in Willow Glen right now, and prices up year over year (though slipping some month over month). The closed sale info is “history” so please take that with a big grain of salt. Below are the basic numbers, stats and trends from the closed sales of houses for last month. Further down in the article you’ll find the Altos Research charts as well.
|TRENDS AT A GLANCE||JUN 2014||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||-6.7%||$933,000||$1,000,000||+3.7%||$900,000|
|Average Sales Price||-2.5%||$1,060,800||$1,087,790||+3.3%||$1,026,880|
|No. of Homes Sold||+10.3%||75||68||-14.8%||88|
|Short Sales Sold||N/A||0||0||-100.0%||4|
|Active Short Sales||N/A||0||0||-100.0%||6|
|Sales Price vs. List Price||-0.2%||102.9%||103.2%||-0.2%||103.2%|
|Average Days on Market||+2.3%||18||17||-24.7%||23|
And the month before: