As you can see from this chart in 2015 so far condos in the Villages San Jose sold for just over 100% of list price on average. There were 36 closed condo sales in The Villages Golf and Country Club in San Jose ranging in price from $290,000 to $1.050.000. The average days on market was 29 days.
In July of 2014 the home sales in The Villages San Jose were 101.4% of list price. There were 15 condo sales in The Villages San Jose ranging in price from $275,000 to $745,000. The average days on market was 29.
In August of 2104 condos and homes in The Villages Golf and Country Club San Jose sold for 99.6% of list price. There were 9 condo sales ranging in price from $304,000 to $820,000. The average days on market was 38 days so there has been a good upswing in the number of sales, the sales to list price ratio, and downward trend on days on market.
Prices in the Villages San Jose have not yet reached their peak from 2006 but things are picking up. In the same period of 2013 there were 45 Villages of San Jose sales as compared to 53 sales in the same 3 months in 2014. In 2013 the average sale price at The Villages San Jose was $440,000 with an average list price of $444,9000. In June through Aug 2014 the average sale price at The Villages San Jose was $467,000 with an average list price of $460,000.
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. However, the first three months of this year have seen many of the lower priced sales in Cribari which is probably a reflextion of the difficultiy in finding affordable housing in other parts of the Silicon Valley.
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 4 condos on the market ranging in price from $505,000 to $649,000 with an average days on market of 7. There are also 3 single family homes on the market ranging in price from $770,000 to $1,295,000. 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.
Marcy Moyer
Cal BRE 01191194
650-619-9285
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