Blossom Valley Real Estate

Market Report

Week ending July 2, 2011 compared to July 3, 2010

The graph above shows the median price, the average price, and the number of properties sold.

There were 128 Blossom Valley homes, including short sales and bank owned homes in the week ending July 2, 2011 compared to 156 Blossom Valley homes, including short sales and bank owned homes in week ending July 2, 2010. Of the 132 Blossom Valley homes there were 50 San Jose short sales, 11 bank owned homes and 67 traditional San Jose homes for sale.

• Median Price: $490,000
• Average Price: $495,496
• No. of Sales: 67
  
• Sale vs. List Price: 98.8%
• Days on Market: 60

The Market Barometer is a rough estimate of the state of the market. Real estate markets are very local. Regardless of whether the market favors buyers or sellerrs, there will always be premium homes priced right that attract multiples, unless of course the market has totally crashed! Conversely, there are always over-priced listings that will never sell. 

• The Market Barometer compares homes sold to homes newly listed.
• The following thresholds are used: +0.10 to indicate a sellers’ market and -0.10 to indicate a buyers’ market.  A balanced market is anything in between and is indicated by the gray columns. 

By Kathleen Daniels