Willow Glen real estate market in San Jose

Willow Glen real estate market is a strong seller's market. This Willow Glen sign is from the downtown business district.The Willow Glen real estate market in San Jose remains a strong seller’s market.

  • Average and median home prices are up monthly and yearly.
  • Homes are selling in 18 days on average – still hot.
  • The sale to list price rose to 106.7% in March – the market is heating up!

The best priced homes with no location or condition issues continue to sell quickly and with multiple offers and overbids.

Willow Glen Real Estate Market Trends: Single Family Homes

Willow Glen home prices area up monthly, but the average sale price slipped annually. The sale to list price ratio is rising, though, and the market is hot for homes priced aggressively, with good locations, and good (remodeled) condition.

Click for the complete Willow Glen real estate report:

Market overview at a glance:

 

Trends At a GlanceMar 2024Previous MonthYear-over-Year
Median Price$2,010,000 (+9.5%)$1,835,000$1,875,000 (+7.2%)
Average Price$2,223,900 (+14.7%)$1,938,830$1,985,010 (+12.0%)
No. of Sales37 (+48.0%)2535 (+5.7%)
Pending32 (+6.7%)3027 (+18.5%)
Active26 (-3.7%)2745 (-42.2%)
Sale vs. List Price106.7% (+2.4%)104.2%104.5% (+2.1%)
Days on Market18 (-16.6%)2216 (+11.7%)
Days of Inventory21 (-30.3%)3039 (-45.3%)

 

And a month earlier:

 

Trends At a GlanceFeb 2024Previous MonthYear-over-Year
Median Price$1,835,000 (-17.6%)$2,226,250$1,700,000 (+7.9%)
Average Price$1,938,830 (-10.1%)$2,156,880$1,818,890 (+6.6%)
No. of Sales25 (+25.0%)2018 (+38.9%)
Pending30 (+50.0%)2023 (+30.4%)
Active27 (+58.8%)1733 (-18.2%)
Sale vs. List Price104.2% (+2.2%)101.9%100.4% (+3.8%)
Days on Market22 (+24.1%)1844 (-50.6%)
Days of Inventory30 (+18.6%)2650 (-38.9%)

 

 

Below please find a market profile and then a couple of charts for the Willow Glen real estate market for houses and duet homes (attached single family homes – not duplexes), care of Altos Research, to which I have a subscription. Altos uses list prices, not sold prices. The data is automatically updated each week, so please bookmark this post and come back often!


Data from Altos Research for Willow Glen Real Estate Market Trends – San Jose 95125

In the latest update, Altos says single family homes are in a strong seller’s market with rising market action, and a decrease in much needed, perpetually low inventory. As of today, 35% have taken price reductions.

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Condominium inventory rising in San Jose, causing prices to soften

June 20 2014 San Jose Condo Inventory

June 20 2014 San Jose Condo Inventory

Home prices, like anything else which is bought and sold, are subject to the pressures of supply and demand.   In recent weeks, we have seen an increase in the number of condominiums and townhomes for sale in San Jose, but a slight lessening in buyer interest.  More supply with less demand equals lower prices.  This will be a bit of a shock to most home sellers, who’d read about the madness of the market in February, March and April.  But spring is nearly always stronger than summer – and we are seeing a fairly typical calming down in the Silicon Valley real estate market as we move into that milder summer market.

Since I mostly sell in the “west valley” areas of the Santa Clara Valley, I had a look at a few of them just to see what the trends look like. In this chart, please see the inventory of condominiums and townhomes for sale in 95120 (Almaden Valley), 95123 (Blossom Valley), 95124 (Cambrian) and 95125 (Willow Glen). Almaden seldom has many listings of townhouses or condos at all – over the last year, it looks as though it’s usually close to 5 at any given time. A slight uptick means 6 are available. The trend is much more dramatic in other parts of San Jose.

Home sellers: where the inventory rise is the steepest, you will probably see the most impact on the odds of selling and the price for which you can sell your home.   Home buyers:  if you see that inventory is largely unchanging, as it is in the tony Almaden Valley, the odds are good that it’s still pretty competitive for home buying and you will likely need to bring your best game forward to secure your future home.

Interested in other areas?  I work all of Santa Clara County and would be happy to help you buy or sell your condo, townhouse or single family home here.

 

June 20 2014 condo inventory 95120 95123 95124 95125

June 20 2014 condo inventory 95120 95123 95124 95125

 

 

 

Exquisitely Remodeled Willow Glen Home with Campbell Schools for Sale

Remodeled kitchen at 1548 Santa Inez Drive, San Jose (Willow Glen) CA 95125Located on a quiet, tree lined street in the St. Francis Woods neighborhood of Willow Glen, San Jose, a stunningly remodeled and spacious home at 1548 Santa Inez Drive is a dream home in a fabulous neighborhood.

Offered for sale at $875,000 – Approximately 2028 square feet on a comfortable 8250 SF lot (per county records), this lovely 3 bedroom, 2.5 remodeled bath home has truly spacious living areas, a kitchen that will knock your socks off and a backyard perfect for entertaining. Please enjoy the virtual tour, below, then get all the details next.

 

 

Highlights of this Willow Glen home for sale include:

  • 3 bedrooms with lovely crown molding & large, classic base
  • 2.5 elegantly remodeled bathrooms
  • High-end, remodeled kitchen featuring slab granite counter tops and complimentary tile back splash with granite accent pieces
    • Stainless steel sink and appliances
      • GE Profile set of ovens (2 plus warming drawer)
      • Miele 5 burner gas range
      • Bosch dishwasher
      • GE Profile microwave
    • Extra high ceiling with a canopy of recessed lights
    • Tasteful and unique two tone cabinets – wood on bottom, black on top pieces with under-cabinet lighting installed, pullouts and “lazy Susan” too
    • Loads of storage & counter space plus a pantry
    • Floor made of large tiles, theme carried from entry hall into half bath, laundry area and pantry too
  • Separate Living, Dining and Family Rooms  (more…)