The San Jose real estate market is a strong seller’s market, though pricing is close to flat for November sales (contracts ratified in October) as compared to the prior month and year. However, in November we saw a big uptick in buyer interest. We see this in the San Jose housing market data, below, but I’m also seeing it in my real estate practice.
First please find the Altos Research Charts, a live feed of data on the housing markets in San Jose. You will then also find the RE Report, charts with statistics comparing sales in the last month and comparing them month-over-month and year-over-year. These are both the usual tools I use to gauge a market. Directly below are links to the market analysis of specific neighborhoods in San Jose. Some of these, where I work the most, are updated monthly, and others are updated every few months.
Altos Charts for the San Jose real estate market as a Whole – automatically updated each week – single family homes
First, the market profile and then the basic charts for single family homes or houses in San Jose. FYI, Altos uses LIST prices. The RE Report further down uses SOLD prices (which is part of the reason why I utilize both).
This reak time market San Jose housing market profile (last updated 12/24/2019 as of this writing) shows on the graph a steady decline of the list prices, declining inventory, rising days on market, and declining rent rates. That being said, the Market Action Index still shows a Strong Seller’s Market that’s going nowhere fast. The Median List Price (for condos and houses combined) is approximately $1,100,00.
If you love older residential areas with classic architecture and a canopy of street trees, you’ll want to know about the Buena Vista neighborhood in San Jose. Situated between downtown and the Valley Fair & Santana Row areas, close to Burbank and Midtown, it’s truly “close to everything” and oozing with charm.
Where is the Buena Vista neighborhood? Roughly, it includes areas north of Hwy 280, south of San Carlos, east of Leigh and west of Meridian. It is considered part of Central San Jose by the local MLS.
This historic district has has a voluntary neighborhood association (Buena Vista Neighborhood Association or BVNA) for members, with extremely low dues, though residents who are not dues paying members may attend the monthly meetings. The BVNA website has a wealth of information on the area, including photos of “then and now,” maps (also historic and current), minutes and newsletters and much more. Please have a look to learn more about this corner of Silicon Valley with lovely old homes and tree lined streets, or check out the YouTube video below, which is also on their site:
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(all data current as of 1/26/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.