Willow Glen Real Estate Update, March 2, 2013

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12 houses sold in Willow Glen last week for an average of $919,542, which is 18% higher than this time last year, and up from the average over the last 12 weeks, $851,072. Meanwhile, 13 new listings came on market in the last week of February, with an average list price of $864,288. That leaves us with inventory of 48 homes for sale in Willow Glen, up from the 12 week average of 40. Inventory is still half of what it was at this time last year though. I know of 7 new listings coming to MLS soon, with many of them in the $700 to $800K range.

wg-update-feb-28-grillMy favorite new listing on last week’s broker tour was 1958 Ellen Ave. It’s a 1,744 square foot 3/2 on a 5,100 square foot lot listed for $880,000. It’s got a great layout, is ready to move in, and I expect it to sell quickly. The yard is well appointed for outdoor living and entertaining. I loved the alligator in the water feature and the creative use of cinder block for a BBQ.

As always, if you’d like to see these houses or find out what’s on market that might meet your needs, call or text me at 408-887-3225.