The trend for sales in the Villages San Jose is definitely up. This seems to be particularly true for the homes that do not have any stairs to enter, either up or down. These homes are generally selling in a week or less. Last month's average days on market was 30, as compared to 79 for Oct and Nov. and 10 in September. The reason for this increased days on market over Sept and lower average sale price than in previous months is that 4 of the 5 condo sales were Cribari units that have always taken longer to sell. The fact that 4 of these smaller units with stairs closed in the last month shows that even the less popular models are selling in this brisk market.
It will be interesting to see how this plays out over the next year as there are more people reaching the age of 55 and who are looking to live in a home with less maintenance than most of the homes in the Silicon Valley.
Right now there are condos on the market ranging in price from $310,000 to $745,000. The average days on market for 5 of the homes, excluding the always less popular condo in Cribari is 20. The Cribari unit days on market is 159. 20 days for average is as low as it has ever been in The Villages. I expect excellent appreciation in this development in 2015.
If you would like to see the current inventory of condos for sale in The Villages of San Jose click here. If you would like to see the current inventory of single family homes for sale in The Villages of San Jose click here.
If you have any questions about buying or selling a home in The Villages Golf and Country Club please feel free to contact me.
Cal BRE 01191194