Willow Glen in San JoseWillow 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. Inventory hasn’t improved since last year, and homes continually sell close to list price quickly, in just over a month. Willow Glen remains in a sellers market.

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.

Willow Glen Stats At A Glance

Year-Over-Year

  • Median home prices fell by 5.6% year-over-year to $1,175,000 from $1,245,000.
  • The average home sales price dropped by 4.2% year-over-year to $1,250,760 from $1,305,670.
  • Home sales rose by 39.4% year-over-year to 46 from 33.
  • Active listings fell 14.9% year-over-year to 74 from 87.
  • Sales price vs. list price ratio fell by 0.1% year-over-year to 102.2% from 102.3%.
  • The average days on market rose by 0.3% year-over-year to 29 from 29.

Compared To Last Month

  • Median home prices slipped by 0.2% to $1,175,000 from $1,177,250.
  • The average home sales price fell by 2% to $1,250,760 from $1,276,250.
  • Home sales up by 64.3% to 46 from 28.
  • Active listings increased 7.2% to 74 from 69.
  • Sales price vs. list price ratio increased by 2.2% to 102.2% from 100.0%.
  • The average days on market dropped by 23% to 29 from 38.

A little cooling won’t take us out of a deep sellers market, but it should ease conditions slightly for long-term buyers.

And next, of Willow Glen condos:

Major data shifts are common in condo markets where there is typically less inventory and a greater range of property types, so don’t judge this market by percentiles alone. Now, to put things in perspective – look at the number of listings. There were only 8 active (plus one active foreclosure), 5 sold (plus one foreclosure sold), and 8 pending in the condo market. That’s a little more than last month, but still a small pool for tracking data. The average turnover fell to 37 days on market from 77. That being said, things are fairly consistent since last month with homes selling steadily over list price at 103.4% on average, and having remained close to 101% of list price for many months. Together, this shows that Willow Glen condos are still in a sellers market with a normal amount of data fluctuation.

And from last month:

Willow Glen Condo/Townhome Stats At A Glance:

Year-Over-Year

  • Median home prices fell by 15.5% year-over-year to $710,000 from $840,000.
  • The average home sales price dropped by 0.4% year-over-year to $742,760 from $746,000.
  • Home sales rose by 66.7% year-over-year to 5 from 3.
  • Active listings rose 60.0% year-over-year to 16 from 10.
  • Sales price vs. list price ratio fell by 3.1% year-over-year to 103.4% from 106.7%.
  • The average days on market rose by 431.5% year-over-year to 37 from 7.

Compared To Last Month

  • Median home prices improved by 11.9% to $710,000 from $634,614.
  • The average home sales price rose by 16.1% to $742,760 from $639,871.
  • Home sales up by 66.7% to 5 from 3.
  • Active listings increased 14.3% to 16 from 14.
  • Sales price vs. list price ratio increased by 2.8% to 103.4% from 100.6%.
  • The average days on market dropped by 51.7% to 37 from 77.
 

What about home prices for listings in Willow Glen? Continue reading to view the live Altos Research charts.

Below please find the Altos Charts (to which I have a subscription). NB Altos uses LIST prices, not solds (also they go by zips or cities, so don’t cover Willow Glen per se with it’s partial entry into the 95124 zip).

1 – Houses in the 95125 zip code – history, all prices combined.

Real Estate Market Chart by Altos Research www.altosresearch.com

2 – Houses in the San Jose, 95125 zip code, by price quartile over last 180 days

Real Estate Market Chart by Altos Research www.altosresearch.com

3 – Condominiums and townhouses in Willow Glen, San Jose 95125 – all quartiles combined over the last few years for median list price:

Real Estate Market Chart by Altos Research www.altosresearch.com

4 – Condo and townhomes, median list price, by quartile, last 180 days only:

Real Estate Market Chart by Altos Research www.altosresearch.com

 

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.

Willow Glen homes for sale

Browse residential properties – houses, duet homes, condos and townhomes in Willow Glen which are listed for sale on the MLS by type below.

1. Listings of houses for sale in Willow Glen, San Jose 95125

  1. 4 beds, 3 full baths
    Home size: 1,904 sq ft
    Lot size: 10,454 sqft
  2. 3 beds, 1 full bath
    Home size: 1,151 sq ft
    Lot size: 6,240 sqft
  3. 3 beds, 2 full baths
    Home size: 1,523 sq ft
    Lot size: 7,710 sqft
  4. 3 beds, 2 full, 1 half baths
    Home size: 1,500 sq ft
    Lot size: 5,314 sqft
  5. 3 beds, 2 full baths
    Home size: 1,717 sq ft
    Lot size: 6,926 sqft

See all Real estate in the 95125 zip code.
(all data current as of 3/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

2. Listings of townhouses or townhomes for sale in Willow Glen, San Jose 95125

  1. 4 beds, 3 full, 1 half baths
    Home size: 1,963 sq ft
    Lot size: 1,263 sqft
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,954 sq ft
    Lot size: 2,134 sqft
  3. 3 beds, 3 full baths
    Home size: 1,480 sq ft
    Lot size: 827 sqft
  4. 3 beds, 3 full, 1 half baths
    Home size: 1,346 sq ft
    Lot size: 1,263 sqft
  5. 2 beds, 2 full, 1 half baths
    Home size: 1,445 sq ft
    Lot size: 1,393 sqft

See all Real estate in the 95125 zip code.
(all data current as of 3/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

3. Listings of condominiums (condos) for sale in Willow Glen, San Jose 95125

  1. 2 beds, 2 full baths
    Home size: 1,144 sq ft
    Lot size: 1,568 sqft
  2. 4 beds, 4 full baths
    Home size: 1,800 sq ft
    Lot size: 3,005 sqft

See all Real estate in the 95125 zip code.
(all data current as of 3/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

 

Translation

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
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