Willow Glen Real Estate Update; May 10

IMG_0767The neighborhood is abuzz about tomorrow morning’s Willow Glen 5k, and I’m psyched because the thousands of participants will be running right past my listing at 1571 Lincoln that will be coming on market shortly!

17 houses sold this week for an average of $898,250, which is up slightly from last week of $897,398, and an 18% price increase over this time last year. Houses continue to go fast, too — days on market this past week was 20 days, down from 25 days last week. If you’re looking to sell it’s a great time, and if you’re trying to buy make sure your realtor is ON IT because most homes are still getting multiple offers, over asking, with all cash common.

These stats reflect the findings of this article in CBS Marketwatch which named San Jose the third hottest real estate market in the country. According to their research since our home values bottomed out in the third quarter of 2009 they’re up 22.1% to $676,000 — the highest median value among large metros nationwide. They also pointed out that San Jose’s unemployment rate dropped from 9.2% in February 2012 to just 7.6% in January of this year. Finally, constructions jobs grew 12.3% from February 2012 to 2013, which is usually a positive sign for housing markets.

What’s New in Willow Glen Real Estate

Here are all of the 19 Willow Glen homes that have come up for sale in the last seven days, and the 24 that will be held open in 95125 this weekend.

MarkhamOne of my favorite listings in this week’s broker tour was 2346 Markham near Curtner. Check out the cool chandelier and beautiful open kitchen of this 4/2 which is listed for $1,075,000.

Coming Soon

In addition to the house on Lincoln I mentioned above, I’ve got a few listings coming on market shortly. Call me at 408-887-3225 to get the scoop on any of these great places before they hit the market.

  • Front(1)1118 Claycomb Ct., 95118
    Off Almaden Expressway at Cherry
    3/2.5 1,693 sq ft Townhouse with a 2 car garage
    $439,000, HOA $320
  • 809 Auzerias Ave #332, 95126
    2/2 1,235 square foot condo
    Newer construction that used to be the Dole plant Granite and views.
    $399,000, HOA $330
  • peckham216 Peckham Ct.
    3/3.5 1,485 square foot townhouse
    New construction in Japantown
    $519,000, HOA $73
  • 1571 Lincoln Ave
    Charming DUPLEX steps from dowtown
    2/2 and 3/1 on a HUGE 10,716 square foot lot
    $899,000
  • 620 Fenley Ave. 95117
    4/2 on an 8,024 square foot lot
    $699,000