Market Report for Blossom Valley - February 2012

Blossom Valley Real Estate
Single Family Homes

• Median Price: $450,000 = 1.1% increase from January 2012 ($445,000)
• Average Price: $459,692 = 1.0% increase from January 2012 ($455,262)
• No. of Sales: 39 = 31.6% decrease from January 2012 (57 sales)
• Pending Properties: 111 = 1.8% decrease from January 2012 (113 Pending Properties)
• Active: 74 = 3.9% decrease from January 2012 (77 Active)
• Sale vs. List Price: 99.8% = 0.4% increase from January 2012 (99.5%)
• Days on Market: 68 = 7.7% decrease from January 2012 (74 Days)

The graph above shows the median price, the average price and the number of Blossom Valley Homes sold. Prices are represented by bars and sales are represented by the line. A 3-month moving average is used to smooth out month-to-month fluctuation. The 3-month moving average reflects seasonal variations.

The above “Real Estate Recovery or Not? 2012 Predictions By the Pro’s Infographic” was created by ActiveRain Corp, the largest real estate social network. 1,835 real estate agents and brokers in the US and Canada were surveyed to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets. Kathleen Daniels, Broker participated in the survey. The Infographic supports the fact that real estate markets are local.

It's a great time to sell. Blossom Valley home prices are trending upward; inventory continues to be low; and the numbers of days homes are on the market are decreasing. Blossom Valley homes are selling at nearly 100% of list price. If you are looking to sell an Blossom Valley Home then you definitely want to hire a local agent to assist you. Kathleen Daniels' proven listing-marketing strategy gets the results you want – your home sold!

As a San Jose Short Sale Agent, Kathleen is well qualified to manage a Blossom Valley short sale as well.

Experience means Peace of Mind
Call 1-800-972-1822 today!

Market Report for Blossom Valley - February 2012

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Blossom Valley Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 1141

Short Sales: 412

REO: 271

Distressed sales as a percentage of total sales: 59.8%

Compare to 2010

Total sales: 1125

Short Sales: 366

REO: 271

Distressed sales as a percentage of total sales: 56.6%

My conclusion:

The percentage of distressed properties in Blossom Valley is a little higher in 2011 over 2010. A 59% distressed property sale percentage is enough to affect values significantly. This may be one of the reasons home prices in San Jose are predicted to fall a little in 2012 while other parts of the Silicon Valley are appreciating.

If you have any questions about short sales or bank owned homes please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

Have you seen the construction taking place on Blossom Hill Road and Southcrest Way in San Jose, California 95123?

The strip of land between Chesbro and Cahalan on Blossom Hill Road is soon to become the Westbury, courtesy of Brookfield Homes.

The single family homes will be between 1,660 and 2,159 square feet; up to 4 bedrooms; and prices are expected to be from the high $600,000’s.

2011 Year End Market Report - San Jose Blossom Valley Homes

Week ending December 31, 2011 compared to January 1, 2011

There were 78 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 31, 2011.

There were 145 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending January 1, 2011.

Of the 78 Blossom Valley homes there were 31 San Jose short sales, 8 bank owned homes and 39 traditional Blossom Valley homes for sale.

Half of the Blossom Valley homes for sale are comprised of short sales and bank owned homes. Many people confused distress sales with distressed properties. Most Blossom Valley short sales are not distressed properties. Many are nicely maintained and move-in ready homes. The sellers simply are facing financial difficulties and are unable to make their mortgage payments. For most Blossom Valley homeowners, a short sale is preferred over foreclosure.

If you are having difficult making your mortgage payment and don't know what to do then call an experienced San Jose Short Sale agent for a free consultation.

Don't wait until you are out of time. Call today! 800-972-1822

Blossom Valley Real Estate – 2011 Year End Market Report

• Median Price: $455,000 = 2.2% decrease from November 2011 ($465,000); Year-over-Year = 4.2% decrease at $475,000
• Average Price: $472,841 = 1.6% increase from November 2011 ($465,607); Year-over-Year = 3.0% decrease at $487,407
• No. of Sales: 55 = 17.0% increase from November 2011 (47 sales); Year-over-Year = 3.8% increase at 53 sales
• Sale vs. List Price: 99.3% = 1.5% increase from November 2011 (97.8%); Year-over-Year = 0.5% increase at 98.8%
• Days on Market: 50 = 32.5% decrease from November 2011 (74 days); Year-over-Year = 5.5% increase at 47 days

Inventory continues to be low in the Blossom Valley Real Estate Market. Prices are holding relatively steady. Low inventory means we are experiencing multiple offers on Blossom Valley homes. It also means homes are on the market a shorter period of time before going into contract. Buyers continue to look for “good deals” which may be found in a short sale.

If you are looking to buy or sell your San Jose home or any location in Silicon Valley allow me the opportunity to be of service.

My consultations are free. Your satisfaction is my guarantee.

Kathleen Daniels, Broker – Serving San Jose and Silicon Valley – 1-800-972-1822

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Blossom Valley Homes - Market Report

Week ending December 3, 2011 compared to December 4, 2010

There were 93 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 3, 2011. There were 159 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 4, 2010. Of the 93 Blossom Valley homes there were 41 San Jose short sales, 7 bank owned homes and 45 traditional Blossom Valley homes for sale.

The graph above shows the median price, the average price, and the number of properties sold.

Prices are represented by the bars while sales are represented by the line.

We use a 3-month moving average to smooth out month-to-month fluctuations which includes seasonal variations.

Blossom Valley Real Estate – November 2011

• Median Price: $465,000 = 0.4% increase from October 2011 ($463,000)
• Average Price: $465,607 = 2.0% decrease from October 2011 ($475,054)
• No. of Sales: 47 = 4.4% increase from October 2011 (45 sales)
• Sale vs. List Price: 97.8% = 1.6% decrease from October 2011 (99.4%)
• Days on Market: 74 = 14.5% decrease from October 2011 (86 days)

Inventory is low in the Blossom Valley Real Estate Market. The numbers of Blossom Valley homes for sale remain dominated by short sales. Prices are holding relatively steady. Low inventory means we are experiencing multiple offers on Blossom Valley homes that are priced competitively. Over-priced homes tend to sit on the market and actually help sell homes that are priced too high. Buyers continue to look for “good deals” which may be found when buying short sale properties.

If you are facing financial difficulty and cannot make your mortgage payment, then call for a free no obligation consultation. Take action now before it is too late. If you are looking to sell a Blossom Valley home then give me a call to discuss your specific goals, needs, wants, and desires. Let me show you how my marketing plan gets homes sold fast. If you are buying a Blossom Valley home let me share how my offer strategy will get your offer accepted even in a multiple offer situation.

We are here to serve all of your Blossom Valley Real Estate needs.

Call 800.972.1822 today!

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