Lower end of San Jose Single family home is just on fire.

Lower end single family home or duplex is just on fire.

I have seen all most all the single family homes under $225,000 in San Jose downtown area. I have wrote 3 offers for my dear buyer all cash offer. We were out bid by other offers every time. There are 3 to 7 offers each time. Last home we offered is located at South Almaden Ave in the city of San Jose. That is a large lot for over 9000 sf corner lot. It is very close downtown and zoned R3. This Property has approval from city planning for 4 unit townhouse project. If we look at the history of this home it was sold for $590,000 at the mid-Octoberl 2006. You may ask how the earth this home's value dropped to less then half. Yes! there are a lot good homes on market for sale.