Pan of Santa Teresa and Blossom Valley

Pan of Santa Teresa and Blossom Valley

Blossom Valley’s prices are down from a year ago, but the market remains strong for homes in good shape which are priced aggressively. It can also vary based on price point, schools, zip codes, etc.

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, Blossom Valley 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, as with the photo below. 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.

 

95123 real estate market trends, automatically updated weekly:

 

Blossom Valley Real-Time Market Profile by Altos Research

 

95136 real estate market trends, automatically updated weekly:

 

Real-Time Market Profile by Altos Research for 95136

 

As of February 7th, both zip codes are in a strong seller’s market. Inventory has dropped in both areas, as has the median price, but demand is high.

 

Market stats for the Blossom Valley area of San Jose. Follow this link for the complete Real Estate Report.

Monthly Trends at a Glance: Strong Market in Blossom Valley

Things are heating up again in the Blossom Valley real estate market. Though sales are down, pending and active are up and the sale to list price ratio is over 103%, so not bad if you’re a seller!

 

Trends At a Glance Jan 2020 Previous Month Year-over-Year
Median Price $1,011,500 (+6.8%) $947,500 $974,975 (+3.7%)
Average Price $1,033,180 (+4.9%) $984,858 $973,620 (+6.1%)
No. of Sales 22 (-38.9%) 36 32 (-31.3%)
Pending 25 (+31.6%) 19 23 (+8.7%)
Active 19 (+35.7%) 14 45 (-57.8%)
Sale vs. List Price 103.5% (+3.1%) 100.4% 99.9% (+3.5%)
Days on Market 44 (+29.5%) 34 37 (+16.7%)
Days of Inventory 26 (+122.1%) 12 42 (-38.6%)

 

And the month prior:

 

Trends At a Glance Dec 2019 Previous Month Year-over-Year
Median Price $945,000 (+2.3%) $924,000 $950,000 (-0.5%)
Average Price $985,854 (+2.7%) $959,791 $977,912 (+0.8%)
No. of Sales 35 (-18.6%) 43 41 (-14.6%)
Pending 19 (-44.1%) 34 26 (-26.9%)
Active 14 (-41.7%) 24 36 (-61.1%)
Sale vs. List Price 100.3% (+0.2%) 100.1% 101.2% (-0.9%)
Days on Market 35 (+11.5%) 31 36 (-3.9%)
Days of Inventory 12 (-25.9%) 16 26 (-54.4%)

 

Next, “live,” automatically updating Altos Charts for San Jose 95123 and 95136 and single family homes (houses and duet homes). These use list prices, not sales prices.

The median list price of both 95123 and 95136, all prices, single family homes (houses and duet homes, if there are any).

The graph shows both markets typically following similar trends with 95123 at a lower price and generally with less stability than 95136. Recently, however, the two charts are coming closer together than they were in 2019.

 

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

 

Next, the median list price for just the San Jose 95123 area of Blossom Valley, and separated by price quartile:

Here, all quartiles follow very similar trends with more dramatic shifts happening in the luxury market and more subtle changes expressed farther down. That’s not uncommon.

 

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

 

And next, the median list price of just San Jose 95136 by price quartile:

Here, the quartiles aren’t quite as in-sync with each other, but follow similar trends.

 

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

 

These are the numbers for listings and closings of single family homes last month – please click on this RE Report Link for much more Blossom Valley real estate data, including past months.

 

Monthly Trends at a Glance: Strong Market in Blossom Valley

This area, like most of the valley, turns towards the seller’s favor as long as the homes are priced for today’s market (meaning lower prices than last spring).

 

The condo market in Blossom Valley

Condominium and townhouse real estate in San Jose’s Blossom Valley area:

And now let’s look at the Blossom Valley real estate statistics and trends for closed sales of condos and townhomes last month. Days on market are just over 50 days, which is fast at under 2 months, but a longer average than in summer when the market was hotter. Prices are holding their own pretty well.

Blossom Valley Condo Real Estate Market Trends at a Glance

The live Altos chart for 95123:

 

Altos Research Real-Time Market Profile for Condos in San Jose, 95123

 

And for 95136:

 

Altos Research Real-Time Market Profile for Condos in San Jose, 95136

 

The market has been relatively stable. A recent rise in price per square foot and a decline in days on market with shrinking inventory compel condos in both sectors towards a strong seller’s market.

The Blossom Valley real estate market for condos and townhomes

The Blossom Valley condo market shows overall surprisingly stable prices. Inventory is stable, though dramatically less than in 2019, but pending sales rose significantly. Demand remains strong with an active condo market in January.

 

Trends At a Glance Jan 2020 Previous Month Year-over-Year
Median Price $579,000 (+0.3%) $577,500 $615,000 (-5.9%)
Average Price $600,400 (+0.1%) $599,750 $613,417 (-2.1%)
No. of Sales 10 (-54.5%) 22 24 (-58.3%)
Pending 21 (+61.5%) 13 13 (+61.5%)
Active 10 (0.0%) 10 30 (-66.7%)
Sale vs. List Price 99.3% (-0.5%) 99.8% 98.4% (+0.9%)
Days on Market 45 (-10.7%) 51 31 (+47.8%)
Days of Inventory 30 (+120.0%) 14 38 (-20.0%)

 

And the month before:

 

Trends At a Glance Dec 2019 Previous Month Year-over-Year
Median Price $565,000 (+0.9%) $560,000 $530,000 (+6.6%)
Average Price $583,289 (+2.9%) $566,789 $555,588 (+5.0%)
No. of Sales 19 (-34.5%) 29 17 (+11.8%)
Pending 15 (-37.5%) 24 25 (-40.0%)
Active (-57.1%) 21 20 (-55.0%)
Sale vs. List Price 100.3% (-0.7%) 101.0% 100.0% (+0.4%)
Days on Market 50 (+59.8%) 31 45 (+10.8%)
Days of Inventory 14 (-32.3%) 21 35 (-59.7%)

 

And some more live graphs, comparing condos between both zip codes:

Median list price seems to have slowed, possibly reversed, it’s decline from spring and summer peaks in the condos of zip codes 95136 and 95123.

 

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

 

Now the median price for just 95123 with a look at the 4 pricing tiers:

All tiers follow similar trends with a decline in the last quarter of the year. Shifts are generally more dramatic higher up on the chart.

 

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

 

And next the median list price in just San Jose 95136, also with 4 pricing levels:

Here the trends are very in-sync with one another.

 

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

 

 

 

 

ArabicChinese (Simplified)DutchEnglishFilipinoFrenchGermanGreekItalianKoreanLatinPersianPortugueseRussianSerbianSpanishUkrainianVietnamese

Join our monthly newsletter

* indicates required

Click to view the Privacy Policy

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
License# 01153805


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
Mary’s other resources
Silicon Valley real estate report
Real estate statistics and trends for Santa Clara County, San Mateo County, and Santa Cruz County

Live in Los Gatos blog
Los Gatos neighborhoods, history, businessses, parks, restaurant reviews, and more

Valley Of Heart's Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

popehandy.com
Silicon Valley real estate,
focus on home selling
Categories