This is a real estate market activity report for Blossom Valley in San Jose, CA. The two primary zip codes in the Blossom Valley MLS area are 95123 and 95136. This report is comprised of statistical data from July 1st through July 31st 2016 extracted from our local Multiple Listing Service (“MLS”) as of August 1, 2016.
Single Family Homes Market Report July 2016
- 70 Active Single Family Homes
- 67 Pending Sales (Under Contract)
- 57 Sold Homes
- Average List Price: $834,161
- Average Sales Price: $817,328
- Average Sales Price to List Price: 101.7%
- Average Days on Market: 26
- Absorption Rate: 1.23 months of inventory which equates to an extreme Seller’s market
- 5-6 months of inventory is considered a normal market
- 1-4 months of inventory is considered a seller’s market
- 7+ months of inventory is considered a buyer’s market. More information about absorption rate and how it impacts the sale of a home.
Condos and Townhouses Market Report July 2016
- 34 Active Condos and Townhouses
- 34 Pending Sales (Under Contract)
- 27 Sold Condos and Townhouses
- Average List Price: $523,109
- Average Sales Price: $498,512
- Average Sales Price to List Price: 103.7%
- Average Days on Market: 12
- Absorption Rate: 1.26 months of inventory which equates to an extreme Seller’s market
Value Based Approach To Listing Blossom Valley Homes for Sale
When listing a San Jose home for sale in Blossom Valley it is important to carefully analyze market trends and recent statistical data. Analysis and good use of data means the property will be positioned well for marketing designed to bring top dollar for the home. The only way to accurately determine the current market value of a Blossom Valley home is for a Blossom Valley Specialist to physically see and walk the interior and exterior of the home and ask many questions designed to determine what July be hidden value in the home.
The value based approach means we do not utilize Automated Market Valuation (“AVM”) of homes. AVM’s are good for Homeowners who are looking for a general idea of what their home is worth and have no plans on selling. Homeowner’s who are absolutely needing to sell their home want a professional valuation for a current and accurate home value.
Value Based Approach To Selling Blossom Valley Homes
The value based approach in working with Buyers means Buyers must be well-qualified, pre-approved for a mortgage loan or have sufficient funds for an all cash purchase, and ready to make the home purchase.
Whether you are looking to sell a Blossom Valley home or buy a Blossom Valley home, the process starts with a conversation to discuss your specific needs, wants, wishes and desires. When you are ready to get started, give me a call. I may be reached at my office at 1.408.972.1822.