As you can see by the chart, the market collapse slowed real estate activity, with 20% less homes sold in Willow Glen in 2008 than 2007. Volume bounced back in 2009, but with an average sale price 25% lower than 2007’s $932,000.
The last three years have been stable, with volume and average sale price both climbing — slow and steady wins the race, right?
It’s hard to predict how a presidential election will impact the real estate market, but 2012 has great potential for both buyers and sellers. There are about 30% fewer houses on market than at this time last year, and buyers have access to very low rates.
If you wonder how much your house is worth or have questions about Willow Glen real estate, call me at 408-887-3225 or email me.