San Jose is the largest city in Santa Clara County (or Silicon Valley) with about one million residents. The districts or areas within San Jose vary tremendously in many ways, including their respective real estate markets.
Today we’ll have a comparative look at the median list prices in the housing market in three areas & zip codes of San Jose: Almaden Valley (95120), Cambrian Park (95124) and Willow Glen (95125). First, how these three areas line up against each other and against San Jose as a whole in terms of the median list prices of homes for sale in the last year.
Please note: the charts below are “live” html and the commentary is appropriate as of today, Nov. 23, 2015 The charts will continue to change and be updated,though, so it’s possible that a year from now the commentary may seem disjointed. Now you’ll know why!
First, a glance at Almaden, Willow Glen, Cambrian and San Jose generally.
Almaden prces took a little dip in mid to late summer, and so did Willow Glen 95125. Cambrian 95124, though, has been very strong (as I can attest from working with buyers and sellers there recently). San Jose as a whole is close to flat.
San Jose as a whole, by price quartile is next. It is pretty level generally at this time.
Next, let’s focus on the Almaden Valley area of town by price quartile also:
As we might expect, the least volatile pricing is in the most affordable homes.
Next, Cambrian Park…
What about Cambrian Park, 95124, which is more affordable than Almaden?
Here too the most volatile segment of the Cambrian 95124 real estate market is the top tier. The lower three quartiles are mostly on an overall trend of rising, though the bottom tier has a small dip at the moment.
Willow Glen is usually priced right between Cambrian and Almaden. Overall, list prices in these tiers are all very close to where they were a year ago.
If we look at just the top quartile of all these areas, we can compare the high end pricing of them against each other.
It’s pretty mixed but prices at the end point are very similar to the beginning point – and most of them had a rise in late spring or early summer followed by a dip. Interesting to note that Almaden’s most expensive homes seem to have rising list prices now while most other areas are either flat or declining.
The Altos charts provide great info on LIST prices. To learn about sold prices, please visit my Silicon Valley RE REPORT for San Jose, Almaden, Cambrian, Willow Glen and all of Santa Clara County, San Mateo County, and Santa Cruz County too.
Also, check out current activity through the maps below.