The Blossom Valley area of San Jose is on the south end of the city and covers the 95123 and 95136 zip codes. For our MLS, it’s “area 12.” A more affordable section of Silicon Valley, Blossom Valley has much to offer in addition to more reasonable housing prices. Many areas enjoy views of the Santa Teresa Foothills or the Communications Hill knolls or even the coastal foothills in the distance, as with the photo below. One corner of it sits alongside beautiful Almaden Lake, too. One corner is located at the crossroads of Highways 85 and 87, making it an easy commute destination for those working in downtown San Jose. And there’s an abundance of shopping opportunities.
Much more could be written, but let’s now instead turn to the real estate market there.
First, “live,” automatically updating Altos Charts for San Jose 95123 and 95136 and single family homes (houses and duet homes). These use list prices, not sales prices.
The median list price of both 95123 and 95136, all prices, single family homes (houses and duet homes, if there are any).
Next, the median list price for just the San Jose 95123 area of Blossom Valley, and separated by price quartile:
And next, the median list price of just San Jose 95136 by price quartile:
Here are the numbers for listings and closings of single family homes last month – please click on this RE Report Link for much more Blossom Valley real estate data, including past months:
| Trends At a Glance | Oct 2017 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $940,000 (+5.1%) | $894,500 | $815,000 (+15.3%) |
| Average Price | $956,554 (+5.0%) | $910,796 | $834,619 (+14.6%) |
| No. of Sales | 55 (-14.1%) | 64 | 66 (-16.7%) |
| Pending | 49 (-21.0%) | 62 | 66 (-25.8%) |
| Active | 16 (+6.7%) | 15 | 74 (-78.4%) |
| Sale vs. List Price | 108.8% (+2.8%) | 105.8% | 101.5% (+7.2%) |
| Days on Market | 11 (-37.4%) | 18 | 30 (-62.3%) |
| Days of Inventory | 9 (+28.4%) | 7 | 34 (-74.1%) |
And the chart from the previous month for comparison:
| Trends At a Glance | Sep 2017 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $894,500 (+1.8%) | $879,000 | $805,000 (+11.1%) |
| Average Price | $910,796 (+1.2%) | $900,058 | $821,922 (+10.8%) |
| No. of Sales | 64 (+10.3%) | 58 | 60 (+6.7%) |
| Pending | 62 (+10.7%) | 56 | 73 (-15.1%) |
| Active | 15 (-31.8%) | 22 | 83 (-81.9%) |
| Sale vs. List Price | 105.8% (+0.6%) | 105.2% | 102.5% (+3.2%) |
| Days on Market | 18 (+24.8%) | 15 | 22 (-17.6%) |
| Days of Inventory | 7 (-40.3%) | 11 | 40 (-83.1%) |
The condo market in Blossom Valley
Condominium and townhouse real estate in San Jose’s Blossom Valley area:
Median list price seems to have leveled out for condos in the 95136 zip code, and continues to rise in the 95123 area.
Now just 95123 and a look at the 4 pricing tiers.
And next the median list price in just San Jose 95136, also with 4 pricing levels:
It’s a very hot seller’s market.
And now let’s look at the Blossom Valley real estate statistics and trends for closed sales of condos and townhomes last month. Days on market are low at 9 days, which is a rapid turnover. While the condo and townhouse market is generally slower than the housing market, here it is a stable market that is keeping up with single family home trends and continues to be another hot sellers market.
| Trends At a Glance | Oct 2017 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $600,000 (+3.4%) | $580,000 | $465,000 (+29.0%) |
| Average Price | $585,244 (-3.0%) | $603,351 | $465,591 (+25.7%) |
| No. of Sales | 36 (-7.7%) | 39 | 35 (+2.9%) |
| Pending | 16 (-42.9%) | 28 | 35 (-54.3%) |
| Active | 5 (-50.0%) | 10 | 33 (-84.8%) |
| Sale vs. List Price | 108.0% (+2.2%) | 105.6% | 101.8% (+6.1%) |
| Days on Market | 9 (-39.3%) | 15 | 24 (-63.1%) |
| Days of Inventory | 4 (-44.0%) | 7 | 28 (-85.3%) |
And the chart from last month for comparison:
| Trends At a Glance | Sep 2017 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $580,000 (+5.5%) | $550,000 | $497,500 (+16.6%) |
| Average Price | $603,351 (+11.6%) | $540,569 | $511,525 (+18.0%) |
| No. of Sales | 39 (+34.5%) | 29 | 36 (+8.3%) |
| Pending | 28 (-31.7%) | 41 | 34 (-17.6%) |
| Active | 10 (+25.0%) | 8 | 37 (-73.0%) |
| Sale vs. List Price | 105.6% (-0.1%) | 105.7% | 101.3% (+4.2%) |
| Days on Market | 15 (+35.7%) | 11 | 18 (-19.6%) |
| Days of Inventory | 7 (-10.1%) | 8 | 30 (-75.1%) |
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$950,000 : 788 Pescadero DR, SAN JOSE4 beds, 2 baths
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$789,000 : 6013 Buffett PL, SAN JOSE3 beds, 3 baths
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$1,199,000 : 633 Mary Evelyn DR, SAN JOSE4 beds, 3 baths
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$200,000 : 165 Blossom Hill RD 335, SAN JOSE2 beds, 2 baths
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$898,200 : 706 Avenue One, SAN JOSE3 beds, 4 baths
See all Real estate in the 95123 zip code.
(all data current as of
12/11/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
The post The real estate market in San Jose’s Blossom Valley area appeared first on Valley of Heart's Delight blog.
