January 26, 2013 Willow Glen Real Estate Update

The inventory of homes for sale in Willow Glen continues to be very low, just 46 which is less than half than the 102 for sale this time last year. That limited supply combined with strong demand fueled by low interest rates and Willow Glen’s excellent reputation continues to push Willow Glen real estate prices upward: 11 houses sold this week for an average of $888,445, which is 4% higher than the $854,000 average sale price over the last 12 weeks.

As you can see by the list below, the homes fell into a few price clusters: 4 of the 11 sold for over $1.35 million, 2 for right around a million, 4 between $679 and 775k, and one for half a million. As you’d expect in such a tight market things are selling very quickly. If you factor out two outliers (on Broadway and Husted) the other 9 were on market for an average of just 9 days! Clearly anybody looking to buy in this area needs to have their pre-approvals squared away and be ready to pounce with clean, aggressive offers.

[expand title=”See List of Houses Sold in Willow Glen This Week” swaptitle=”Close”]

Sold For Beds/Baths Days on Market
2120 Briarwood List $1,549,000 5/3.5 13
2823 Cardinal Lane List $1,475,000 5/3.5 4
1087 Broadway $1,449.000 4/3.5 122
1592 Keesling Ave $1,350,000 4/4.5 2
1269 Pine Ave $998,500 3/3 8
1437 Cherry Garden Lane $998,000 5/3 9
2517 Plummer Ave $774,000 4/3 13
1116 Husted Ave $759,000 2/1.5 43
2301 Shibley Ave $689,000 3/1 14
1604 Husted Ave $679,000 4/2 9
2790 La Jolla Ave $499,950 3/2 10
Average $888,445 22.5

[/expand]

Willow Glen’s Brand New Listings

15 homes have come up for sale in Willow Glen the last week. There’s pretty good price distribution among the new listings: two high-end homes for around $1.9M, two down around half a million and between that the distribution is pretty even.

photo(52)As part of Thursday’s weekly broker tour I saw 8 of these houses. The large home on Cherry listed for $1.895M is beautiful. We saw this home just a few months ago before an extensive remodel, and they did a really nice job. High-quality construction and some well thought out changes that have opened up the floor plan really improved the value of this home. What a difference a few months makes. It has a few touches of bling inside, which you know I live, like the lights shown to the right.

[expand title=”See New Listings in Willow Glen” swaptitle=”Close”]

Listed For Beds Baths Sq Feet Lot Size
1593 Cherry Glen Way $1,895,000 5 5.5 4,248 14,555
946 Terra Bella Avenue $1,885,000 6 3.5 4,500 9,700
961 Pine Avenue $1,280,000 4 2.5 2,471 6,000
1053 Carolyn Avenue $1,225,850 5 3 2,269 8,200
1560 Darlene Avenue $1,149,000 4 3 2,381 6,848
1846 Schooldale Drive $980,000 4 2 1,841 8,000
1206 Clark Street $899,000 3 2 1,520 9,200
1001 Pine Avenue $879,000 3 2.5 1,587 5,880
1551 Hicks Avenue $850,000 3 3 2,181 7,800
1183 Malone Road $849,950 3 2 1,563 5,733
2194 Coastland Avenue $825,000 2 3 1,692 20,574
1978 Kirby Way $650,000 3 2 1,356 6,000
1337 Prevost Street $599,988 3 1 1,170 5,720
2965 Quinto Way $525,000 3 1 1,136 5,225
2443 Azevedo Parkway $499,000 3 2.5 1,894 1,845

[/expand]

 
If you want to learn about any of these houses or see them for yourself, call me at 408-887-3225. Also, I have a few listings coming on market soon so follow Willow Glen Charm on Facebook to be the first to know about them.