Pan of Santa Teresa and Blossom Valley

Pan of Santa Teresa and Blossom Valley

Blossom Valley’s prices are up and sales are happening quickly. The market is heating up, and the best properties, homes in good shape which are priced aggressively, have the strongest seller’s market. It can vary based on price point, schools, zip codes, etc., but the entire area is in high demand!

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 March 9th, both zip codes are in a strong seller’s market. Days on market are dropping in both areas and 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 really hot now in the Blossom Valley real estate market! The market is much fiercer than last month with prices up, sales and inventory up, properties taking half as long to sell, and the sale to list price ratio is a whopping 108%! Not bad if you’re a seller!

 

Trends At a Glance Feb 2020 Previous Month Year-over-Year
Median Price $1,077,500 (+6.5%) $1,011,500 $1,003,510 (+7.4%)
Average Price $1,092,770 (+5.8%) $1,033,180 $1,043,330 (+4.7%)
No. of Sales 34 (+54.5%) 22 34 (0.0%)
Pending 27 (+8.0%) 25 38 (-28.9%)
Active 20 (+5.3%) 19 56 (-64.3%)
Sale vs. List Price 108.0% (+4.4%) 103.5% 104.1% (+3.7%)
Days on Market 22 (-50.5%) 44 17 (+26.1%)
Days of Inventory 16 (-36.4%) 26 44 (-63.0%)

 

And the month prior:

 

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%)

 

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 unusually close together, closer than they ever were in 2019, and they’ve even changed place for which is the more expensive market!

 

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 when homes are priced for today’s market. For 95136, that means lower prices than last spring, though that may not last for long as we inch closer to spring and the market heats up again. In 95123, however, that means priced where it was in spring of last year or, in some instances, even higher!

 

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 a little over a month, prices are holding their own, and the sales to list price ratio is up.

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 with condos in both sectors well in 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 sales and pending sales are on the rise, as is the sales to list price ratio. Demand remains strong with a seller’s market for condos this February.

 

Trends At a Glance Feb 2020 Previous Month Year-over-Year
Median Price $565,000 (-2.4%) $579,000 $560,000 (+0.9%)
Average Price $557,361 (-7.2%) $600,400 $564,667 (-1.3%)
No. of Sales 18 (+80.0%) 10 (+100.0%)
Pending 25 (+19.0%) 21 22 (+13.6%)
Active (-10.0%) 10 24 (-62.5%)
Sale vs. List Price 101.0% (+1.7%) 99.3% 101.3% (-0.3%)
Days on Market 38 (-15.3%) 45 35 (+8.5%)
Days of Inventory 14 (-53.3%) 30 72 (-80.6%)

 

And the month before:

 

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 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

 

 

 

 

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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.
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Special focus on:
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Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Real estate statistics and trends for Santa Clara County, San Mateo County, and Santa Cruz County

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