The real estate market in San Jose’s Blossom Valley area

Pan of Santa Teresa and Blossom Valley

Pan of Santa Teresa and Blossom Valley

The Blossom Valley real estate market heated up through the first quarter of 2024 and are even hotter as we enter spring. It continues to be a strong seller’s market! Homes in good shape which are priced appropriately regularly sell quickly and well above list price, despite new hurdles for buyers to overcome over the last two years. While trends can vary based on price point, schools, zip codes, etc., the entire area is still in high demand.

Here are some bullet points from the latest statistics:

  • Closed sales are a little behind this time last year, as is available inventory, but pending sales have skyrocketted
  • The average sale to list price ratio soared above last month and last year!
  • Days on market show a speedy turnover with a 16 day average and even faster market absorption (days of inventory) at just 11 days

Often we see month-over-month softening into the end of the year with lower inventory and demand over the busy holiday season, followed by an increase in activity (and rising prices) as the market moves towards spring. That said, the market remained strong through winter and began experiencing rapidly increasing activity earlier than usual. It’s definitely a hot market in Blossom Valley this spring!

About Blossom Valley

The Blossom Valley area of San Jose is on the south end of the city and covers the 95123 and 95136 zip codes. For our MLS, it’s “area 12.” A more affordable section of Silicon Valley, it has much to offer in addition to more reasonable housing prices. Many areas enjoy views of the Santa Teresa Foothills or the Communications Hill knolls or even the coastal foothills in the distance and Mt Umunhum. One corner of it sits alongside beautiful Almaden Lake, too. Another corner is located at the crossroads of Highways 85 and 87, making it an easy commute destination for those working in downtown San Jose. And there’s an abundance of shopping and dining opportunities.

Now for some market data.

Live Altos Reports

We’ll start with the Altos Reports, which gague the market based on active listings, not sales, and is updated about once per week.

95123 real estate market trends, automatically updated weekly:

Blossom Valley Real-Time Market Profile by Altos Research

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