2011 Year End Market Report - San Jose Blossom Valley Homes

By
Real Estate Broker/Owner with KD Realty - 408.972.1822 CA BRE#01366594

2011 Year End Market Report - San Jose Blossom Valley Homes

Week ending December 31, 2011 compared to January 1, 2011

There were 78 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 31, 2011.

There were 145 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending January 1, 2011.

Of the 78 Blossom Valley homes there were 31 San Jose short sales, 8 bank owned homes and 39 traditional Blossom Valley homes for sale.

Half of the Blossom Valley homes for sale are comprised of short sales and bank owned homes. Many people confused distress sales with distressed properties. Most Blossom Valley short sales are not distressed properties. Many are nicely maintained and move-in ready homes. The sellers simply are facing financial difficulties and are unable to make their mortgage payments. For most Blossom Valley homeowners, a short sale is preferred over foreclosure.

If you are having difficult making your mortgage payment and don't know what to do then call an experienced San Jose Short Sale agent for a free consultation.

Don't wait until you are out of time. Call today!  800-972-1822 

 

Blossom Valley Homes Prices and SalesBlossom Valley Real Estate – 2011 Year End Market Report

  • Median Price: $455,000 = 2.2% decrease from November 2011 ($465,000); Year-over-Year = 4.2% decrease at $475,000
  • Average Price: $472,841 = 1.6% increase from November 2011 ($465,607); Year-over-Year = 3.0% decrease at $487,407
  • No. of Sales: 55 = 17.0% increase from November 2011 (47 sales); Year-over-Year = 3.8% increase at 53 sales
  • Sale vs. List Price: 99.3% = 1.5% increase from November 2011 (97.8%); Year-over-Year = 0.5% increase at 98.8%
  • Days on Market: 50 = 32.5% decrease from November 2011 (74 days); Year-over-Year = 5.5% increase at 47 days

Inventory continues to be low in the Blossom Valley Real Estate Market. Prices are holding relatively steady.  Low inventory means we are experiencing multiple offers on Blossom Valley homes.  It also means homes are on the market a shorter period of time before going into contract. Buyers continue to look for “good deals” which may be found in a short sale.

If you are looking to buy or sell your San Jose home or any location in Silicon Valley allow me the opportunity to be of service. 

 

My consultations are free. Your satisfaction is my guarantee. 

 

Kathleen Daniels, Broker – Serving San Jose and  Silicon Valley – 1-800-972-1822

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Rainmaker
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Adam Malachi
RLO Millennium Real Estate and Mortgage. - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Great post! Excellent market report!

Thanks for sharing,

Adam

Jan 29, 2012 07:36 PM #1
Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Kathleen - Another great, local real estate market report.  You've given both buyers and sellers a lot of good information to use.  Nicely done!

Jan 29, 2012 11:24 PM #11
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

Adam, Thank you.  I appreciate you stopping by.

Laura, Thank you so much.  Thanks for stopping by.

Jan 30, 2012 09:02 PM #12
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Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton

Great report, Kathleen! Sales are up, days on market are down. Looks like Blossom Valley homes are hot items!

Jan 31, 2012 12:33 AM #13
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

Vickie,  Blossom Valley is a desirable and "affordable" place to live in San Jose.  We need more inventory! Thanks for stopping by.

Jan 31, 2012 10:16 PM #14
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Kathleen Daniels

San Jose Homes for Sale - San Jose Probate Agent
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