What’s My Colony Green Condo Worth in December 2016?

This is a Colony Green Condominiums market activity and home value report for December 2016. This report is comprised of statistical data extracted from December 1st through December 31, 2016 from our local Multiple Listing Service (“MLS”) as of January 1, 2017.

The above photo was taken in the early morning on December 18, 2016. 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 December 2016

• Zero Active Listings
• 1 Pending Sales (Under Contract). This condo is Bank-Owned
• 2 Condos Sold 

There were 2 reported closed sales in the Colony Green Community in December 2016. 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.  

“A Unit” Sold: This is a up stairs 2 bedrooms, 1 bathroom, 919 square foot condo. Listed on October 31, 2016 for $500,000. It went status pending on November 5, 2016. The sale closed on December 7, 2016. Reported sales price is $515,000. Total days on market was 7 days. Buyer made the purchase with FHA financing.  

“C Unit” Sold: This is a 1,260 square foot town home style middle unit. It listed on October 23, 2016 at $549,900. It went status pending on November 4, 2016. On December 2, 2016 the status was reported sold. Sale price was $573,500. The total days on market was 12 days. Buyer made the purchase with conventional financing. 

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. 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.