As you can see from this chart in Sept of 2014 homes in the Villages San Jose sold for just over 101% of list price on average. There were 14 closed home/condo sales in The Villages Golf and Country Club in San Jose ranging in price from $330,000 to $884,000. The average days on market was 10 days.
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 14 Villages of San Jose sales the same as in September of 2014. In September of 2013 the average sale price at The Villages San Jose was $517,750 with an average list price of $522,000. In September of 2014 the average sale price at The Villages San Jose was $555,500 with an average list price of $544,475.
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 10, as compared to 29 for June through Aug. This shows a real uptick in interest in prople buying in the development. There is also a $100,000 increase in average price sold which is a huge jump in one month.
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 9 homes on the market ranging in price from $299,000 to $905,000. 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
