West San Jose 95129 real estate market shows rapidly growing price trendWest San Jose (95129) real estate area has had a great run over the last year with overflow demand from Cupertino spilling linearly across the neighborhoods, especially where schools are part of Cupertino school district. However, the demand has been strong enough to boost prices in non-Cupertino school district areas of West San Jose real estate market mainly driven by hi-tech business growth, low interest rates, lots of international buyers and low inventory.
There are many measures and statistical dimensions to analyze trends and present them in a cogent way for you to get a sense of market's trajectory. In this blog entry I present the comparative Median List Price Trends between the first 3 months of 2015 and corresponding numbers for 2014 to get a sense of how much the market has moved in a year.
|West San Jose (95129) Real Estate Median List Price Trends|
In Jan 2015, we saw a 50% rise in the Median List Price of homes when compared to Jan 2014.
The price in Feb 2015 shows a significant drop from Jan 2015 by about 20% but when compared to the figures of Feb 2014, there is actually a 20% gain in Feb 2015. There can be many reasons for the same. Please let me know if you are interested in learning more about this and I can tailor information for you.
In March 2015, the Median List Price rose from Feb 2015 by another 11% to $1,450,000 thus showing a rapidly rising trend in List prices in the area. When compared to March 2014, the rise in Median List prices is 20%.
NOTE: the above figures are LIST prices and not SALE prices which have their own interesting trend.
We believe that the trend towards higher List prices will continue as long as low interest rates, low inventory levels and buying interest from local and international buyers continue to happen while the economy continues to grow. Unless one of these factors takes a hit, we do not anticipate a drop in prices.
If you are looking for the sales trend numbers or would like to discuss either Selling your home in the neighborhood or buying your home/investment property in the West San Jose real estate area, please do not hesitate to contact me for a no-obligation discussion.
I bring to you my experience and expertise in pricing, staging and home prep, negotiations, offer management, coordination with Escrow and Banks, consistent communications, and commitment to exceptional service. I help both buyers and sellers with achieving their r=eal estate objectives.
Author: Ranjana Shreedhar, Realtor. Please contact me through Email or on phone (408)861-8026 or through the handy contact form on this page.