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.
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.
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.
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.