This is what I shared at the June 8, 2015 Evergreen East Valley Real Estate Marketing Meeting.
Usually on Sundays I start cranking the data off of the MLS and start putting my report together. Weekly for the Evergreen East Valley Real Estate Marketing Group I will present real estate activity and data and trends happening over the week or month or other relevant data.
The inventory over the county of Santa Clara here in Silicon Valley is still pretty low, it came in at 1390 for all single family, condo, and townhouses. In Evergreen, it was a total of 108, in Alum Rock it was 99, and in South San Jose it was 58.
As for closings in the county last week, 263 homes sold with only 15 of that in Evergreen, 5 in Alum Rock and 9 in South San Jose.
Lately, I have been tracking days on market. Early in the year, I was amazed how inventory was getting gobbled within 30 days. Starting about March, days on market was shortening to 14 days then in some instances at 10 days! This kind of activity tends to put the general consumer of buyers in a frenzy. SUPPLY AND DEMAND!
Evergreen Housing Data By Zip Code
The condo and townhouse realty market in Evergreen, San Jose, Ca is divided into 4 zip codes. Only two zip codes for this week had significant data to report.
In 95138, the active adult community “The Villages,” carries a high number of these “class 2/condo/townhouse” residences. For this week, median list price shows mild upward trends to $599,950 with average days on market at a pistol hot 12 days!
If you are selling your home here in this zip code, expect to see an offer fairly quickly and be in contract within a couple of weeks.
Over in the 95135 portion of Evergreen, median list price in this high end community is at a modest $688,500 and average days on market being 21.