Willow Glen Real Estate Update; July 12, 2013

The average price of homes for sale in Willow Glen is $731,144 right now, up 13% over this week last year. 10 homes sold this week, compared with 17 this week last year. There are 70 homes for sale in Willow Glen right now, and they’re going fast — average days on market is just 20 days.

Here is a list and map of the 53 properties in 95125 that will be host open houses this weekend, including my own listing at 1680 Arbor Drive, a charming 1,790 square foot 4/2 on a large 8,778 square foot lot. It’s close to downtown and has been nicely remodeled throughout.

Here’s a list and map of all 28 homes that have come up for sale in Willow Glen in the last 7 days. This week’s weekly broker tour was abbreviated and only feaured four homes, but they were some real charmers! Here’s a few highlights that stood out to me.

  • photo 1This beautiful bocce ball court is a highlight of the 5/3 at 2294 Constitution Drive. Featuring solar panels and zoned for Booksin, it’s listed for $1,199,500.
  • photo 2This contemporary pass-through fireplace caught my eye in the newly built 5/5.5 at 2286 Markham Ave. It’s listed for $1,650,000.
  • paris-bathroomI’m a sucker for chandeliers, and this one was just part of why I fell in love with this Paris-themed bathroom at 1869 Bird Avenue. The 4/2 also features a really cool koi pond in the yard. It’s listed for $1,149,000.

These are just a few of the many listings coming up for sale these days, and I know of others that will be coming on market in the coming weeks and months, so if you’re looking for something, call me at 408 887-3225.

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

Willow Glen Real Estate Update, March 2, 2013

WG-listing-prices_030213

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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.

Willow Glen Home Prices and Inventory Creeping Up

Last week 7 Willow Glen houses for sale went into contract for an average of $779,836, which is 18% higher than the average sale price this week last year. Prices ranged from $499,000 (2443 Azevedo) to $1,435,000 (1117 Nevada). 10 homes went up for sale in the last week, with an average price of $1,010,475. That’s obviously higher than the average of recently sold homes so it will be interesting how prices shift as those homes sell. With 7 homes selling and 10 coming on market the total inventory for sale in Willow Glen is up to 51 homes. Still way down from this time last year, but up from the 40 that were for sale at the beginning of February.

2060 Booksin AveCheck out this amazing tile — the coolest I’ve ever seen in the well-appointed SIX bedroom home on Booksin Ave at Georgetta. The tile is glass but looks like wood, and covers the wall in the half bath while hardwood graces the floor. The 3,750 square foot house sits on a beautiful 9,100 square foot lot with beautiful redwoods in the front yard, and it’s listed for $1,750,000.

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.

Feb 16 2013 Willow Glen Real Estate Update

10 houses sold this week for an average of $775,896. That’s actually lower than the 12 week average of $841,910. You can’t make much of any one week’s average, but it’s worth watching. Meanwhile, 10 new houses have come up for sale in Willow Glen within the last week with an average list price of $775,800, which means inventory is unchanged with 50 homes for sale in Willow Glen.

Across the bay area, the market for condos and townhouses is especially hot. “Condos — the affordable homes chosen by many first-time buyers — have made bigger annual gains in asking price than single-family homes in all parts of the Bay Area, according to real estate website Trulia. Sales are at their highest level since late 2008, according to DataQuick, a housing information company. ” I have a beautiful town house coming to MLS next week just outside Willow Glen at 1363 Arbor Park. It is a 3 bed 1.5 bath, 1310 sqft., remodeled. Listing it a t $420,000.

One of my favorite new listings is 2079 Ardis Dr. — a super charming 2 bed 2 bath with a side yard that serves as a nice ‘back yard’ with a huge lemon tree and ample space for entertaining and play. The kitchen features a unique farm sink and the whole house is warm and inviting. Listed at $760,000, its only drawback for some is that it only has two bedrooms.

If you want to learn about any of the homes that just sold or came on market or hear about a few listings I have coming soon, call or text me at 408-887-3225 or email Holly@HollyBarr.com.

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Interest Rates and Inventory Down; Demand and Prices Up!

willow glen, real estate, homes, sale

Interest rates are down to record lows.

Willow Glen’s real estate scene shows no signs of slowing down. Record low interest rates and a strong local job market continue to drive strong demand against very low inventory. Realtors like me are working harder than ever for our clients, which may be why yesterday’s broker tour of new listings was one of the largest I can remember, with 119 realtors in the meeting and 60 going on the full tour of new listings.

A few weeks ago Redfin named Willow Glen the 6th hottest real estate market in the country. A new story by Bloomberg indicates that the trend is nationwide as the national average sales price went up 5.5% from November 2011 to November 2012.

Sales and Pricing Stats

  • Sale Price: Average sales price of homes sold in Willow Glen this week was $855,024. This week last year the average price was $761,301, a 19% gain! The largest sale this week is 1671 Campbell Ave. listed at $1,675,000 and sold in 3 days with 3 offers. The smallest sale was 993 Spencer Ave, listed at $548,999, which sold in 15 days.
  • Just Sold: 20 homes sold in the last week, compared to 20 this week last year.
  • For Sale: 40 houses are currently for sale in Willow Glen. Last year it was 103. That’s 61% less inventory.
  • Days on Market: Strong demand equates to multiple offers and clean, fast deals. Houses are only on market for an average of 47 right now, almost half of last year’s average 85 days.

New Listings

photo 2One of my favorite parts of being on tour is hearing about properties before they come on market. There were 4 listings announced ranging from $699 to $1.4m. We also saw a bunch of very nice homes on the tour, in all price ranges. I’m happy to report, as objectively as I can, that the crowd favorite appeared to be the duplex I have listed at 1104 and 1106 Willow Glen Way for $799,000. Agents liked the price and thought it was super charming.

photo 3I really liked the house at 2867 Richland Ave. it has been listed on and off and various higher prices. Agents seemed to think the $1,399,000 price is putting it in range to get an offer. The pool and nice built in below are just some of the features of this home that caught my eye.

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.

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

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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

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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.

Flashy charts that show growth in the Real Estate Market

Fresh from the California Association of Realtors for those of us who like charts… a chart is worth a thousand words.

CAR charts 2-2012

 

Real estate prices expected to soar as Facebook stock is released.

Facebook is valued at some astronomical amount like $100 BILLION… that’s a lot of cheddar that will melt all over the real estate market slowly as stock is released. Should be interesting because right now, inventory is too low for the standard 3 bed 2 bath between $650,000 and $800,000 where many buyers want to purchase. It gives me pause to think that perhaps a few sellers are waiting until the Facebillionares come into their cash and want to buy a house.

What do you think?

http://finance.yahoo.com/news/silicon-valley-homes-costs-lot-123014588.html;_ylc=X3oDMTNuZXR1OTBlBF9TAzExODMzMDAyNTAEYWN0A21haWxfY2IEY3QDYQRpbnRsA3VzBGxhbmcDZW4tVVMEcGtnAzZmM2E4ZGRhLTNlNGUtMzRiNC1iMDgyLWQ4YjgxMzFlYTk4MARzZWMDbWl0X3NoYXJlBHNsawNtYWlsBHRlc3QD;_ylv=3

 

Exquisite Eichler on Comstock

My favorite new listing on today’s tour is a stunning Eichler-style home at 1766 Comstock Lane. It’s a 1500 square foot 4/2 that’s listed for $878,000. It was remodeled in 2008…they spent over $200,000 renovating the kitchen and baths, including high-end features like granite countertops and stainless steel appliances. Those with a green thumb will appreciate the fact that it’s been beautifully landscaped front and back, with fruit trees and a vegetable bed.

I was watching every agent as they walked into this home. They all had one thing in common: a smile on their face. I swear entering this home is like walking into a spa — the sunlight pouring through a lovely atrium with gardenias sweetening the air and classic Eichler open feel with all the rooms facing the atrium. My favorite feature of the home is the electrical sliding skylight over the atrium, shown here.

The kitchen was opened up and they added stainless washer dryer under the counters in a classic Eichler retro modern feel. Everything felt fresh and clean, I didn’t see anything wrong with it myself, and didn’t hear any other criticism of this awesome home. Nothing negative could be said about it!

Here’s another pictures of the very nice interior. You can learn more and see more pictures at MLS Listings.