This is a Colony Green Condominiums market activity and home value report for January 2017. This report is comprised of statistical data extracted from January 1st through January 31, 2017 from our local Multiple Listing Service (“MLS”) as of February 1, 2017.
The above photo was taken in the early morning on January 18, 2017. The near freezing temperatures is causing heavy frost on the lawns. Many Colony Green residents are covering their plants at night. Baby, it is indeed cold outside.
Colony Green Condos Market Activity for January 2017
- Zero Active Listings
- Zero Pending Sales
- 1 Condos Sold
Slow to zero sales activity in the first quarter of the year is not uncommon for the community. The December 2016 report may be viewed here. You may find the 10 year review report interesting as well.
There was 1 reported closed sale in the Colony Green Community in January 2017. The community is located in Blossom Valley in San Jose, CA. The community is across the street from Martial Cottle Park on the Chynoweth side of the park.
“B Unit” Sold: This is a downstairs 2 bedrooms, 1 bathroom, 942 square foot condo. Listed on October 27, 2016 for $509,900. It went status pending on November 4, 2016. The sale closed on January 13, 2017. Reported sales price is $480,000. Total days on market was 8 days. Buyer made the purchase with conventional financing. This property was a bank-owned home. I would have bet money that the condo would not have sold for the list price – not even in a hot sellers market or in this highly desirable Blossom Valley community.
If you miss out on the condos listed for sale in the Colony Green Condo community you may want to search other condos for sale in Blossom Valley.
The market data for the Colony Green Condo Community, as well as the details of each individual sale, tell a story. Yet, the data does not tell the whole story. It is common for sales prices to vary depending on the size, location, and renovations completed, or not completed. I strongly believe marketing plays a huge role in the sales price as well. Quality photos are an important component to effective marketing. Keeping a home listed active for at least 7 days before accepting an offer means more people can see the home and likely spark multiple offers. This of course depends on market conditions relating to supply and demand. Colony Green Condos continue to be in high demand.
Condo living is lifestyle living. Buyers are advised to make informed buying decisions by knowing the rules and restrictions of a condo association before deciding to buy a condo. Some associations are more restrictive than others. Knowing what homeowners can and cannot do is essential before deciding to purchase a condominium.
If you are considering listing your Condo for sale, a word of caution regarding online Home Value requests. Best practice dictates that a local real estate professional visit your home, ask a lot of questions, and then provide a current market value. We do not use an Automated Valuation Model (“AVM”) of homes.
Let’s chat. I’ll explain my documented approach to listing a home for sale and what I will do get your condo sold quickly and net you more money from the sale.
If you would like more detailed information about the Colony Green Condo community in Blossom Valley contact me at 408.972.1822. No one knows the Colony Green Condo Community better than me, Kathleen Daniels. That’s right. I am an original owner and I live here.