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Colony Green Condos
April 2016 Market Report
Colony Green Market Activity for April 2016
There were six reported closed sales in the Colony Green Community in April 2016. The community is located in Blossom Valley in San Jose, CA.
Number of “A Units” Sold: One
Number of “B Units” Sold: One
Number of “C Units” Sold: Two
Number of “D Units” Sold: Two
“A Unit” Sold: This is an upstairs 2 bedrooms, 1 bathroom, 919 square foot condo. This listed on February 4, 2016 for $420,000. It went status pending on March 4, 2016. On April 4, 2016 the status was reported sold. Sales price was $436,000. The Total Days on Market was 29 days. Photo displayed is representative of the type of unit only.
“B Unit” Sold: This is a lower 2 bedrooms, 1 bathroom, 942 square foot condo. This listed on March 31, 2016 for $429,000. It went status pending on April 2, 2016. On April 29, 2016 the sale closed. Sales price was $455,000. The total days on market was 3 days. Photo displayed is representative of the type of unit only.
“C Units” Sold: This is 3 bedroom town home style center unit, 1 1/2 bathrooms, 1,260 square feet.
(1) Listed on February 29, 2016 for $498,000. It went status pending on March 6, 2016. On April 5, 2016 the sale closed. Sales price was $552,000. The total days on market was 6 days.
(2) Listed on March 12, 2016 for $540,000. It went status pending on March 22, 2016. On April 22, 2016 the sale closed. Sales price was $570,000. Total days on market was 10 days. Photo displayed is representative of the type of unit only.
“D Units” Sold: This is a 2 bedroom town home style end unit, 2 1/2 bathrooms, 1,294 square feet.
(1) Listed on March 7, 2016 for $540,000. It went status pending on March 28, 2016. On April 22, 2016 the sale closed. Sales price was $520.000. The total days on market was 22 days. This condo was very dated and no upgrades.
(2) Listed on April 1, 2016 for $499,950. It went status pending on April 7, 2016. On April 26, 2016 the sale closed. Sales price was $558,000. The total days on market was 6 days. Photo displayed is representative of the type of unit only.
A word of caution regarding deceptive marketing practices.
We continue to see multiple offers substantially over asking price. I received a “just sold” mailer from an agent boasting that the condo they listed sold for over $50,000 above asking price. I laughed so hard I nearly torn a muscle in my gut. When looking at recently sold properties, the data indicates the condo was listed $50,000 below market comparable sold properties. While the strategy to list low in a Hot Sellers Market does work when demand is high and supply is low, because buyer demand is driving the market, I feel it is a deceptive practice to advertise in that manner. Deceiving the public is what a charlatan does. I believe people deserve to know the facts, and the truth. That is the only way we can truly make informed decisions.
If you missed 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.
For more information on condo sales in the Colony Green Complex visit:
The market data for the Colony Green Condo Community, as well as the details of each individual sale, tells a story. Yet, the data does not necessarily tell the whole story. It is common for sales prices to vary depending on the size, location, and renovations completed. If you would like more detailed information about the Colony Green Condo community in Blossom Valley contact me at 408.972.1822. Let’s see if we “click” and if working together makes sense.
No one knows the Colony Green Community better than Kathleen Daniels.
Statistical information is gathered from our local multiple listing service (“MLS”). The data may not represent all transactions as there are many “off market” sales in San Jose and throughout the Silicon Valley communities.
Tags: blossom valley condos for sale, colony green condos, San Jose
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