West San Jose Home Sale and Listing Trends from January, 2003 through January, 2012
The Graph shows the number of Single Family Residence Listings (i.e., homes put on the MLS Market For Sale) and Sales according to the local Multiple Listing Service (MLS;MLSListings, Inc.). I've included zip codes: 95117, 95129, 95130 and a slice of 95128. A map showing each West San Jose home sale in January 2012 is shown here.
Over the past 10 Januaries, West San Jose home Sales and Listings have been, shall we say, all over the place? And that makes sense; there have been no consistent, sustained trends over the past 10 years in West San Jose or any other part of California, or the U.S., I think.
From 2003 to 2008, West San Jose Home Sales were trending downward. Since 2008 they were trending upward until this past January, when sales dropped to a near 10-year low.
Listings have also been all over the place. But most recently, since 2010, they've been trending upward. Still, 46 Listings in West San Jose is slightly less than the 10-year average of 49.
West San Jose families send their children to one of three school districts: The Cupertino Union School District; the Moreland Union School District or the Campbell Unified School District. Of the three, the Cupertino Union SD has the highest average API achievement test scores and is therefore the most sought-after by many of today's young, children-oriented, home buyers.
Home located in the Cupertino School District portion of West San Jose sell quickly and for top dollar. It's almost always a Seller's Market in the Cupertino School District. Homes in either the Moreland Union or Campbell Unified School Districts are in a more balanced market. Sellers must have their homes properly positioned and marketed; buyers can afford to take their time shopping for the best home. I should add that Country Lane Elementary School in the Moreland School District, plus other Moreland schools, are as sought-after as some Elementary Schools in the Cupertino School District.
Please feel free to call or e-mail me questions or concerns about West San Jose home sales or listings. The lessons I've learned from 35 years of local real estate sales experience benefit my clients from planning through closing a transaction.
Lloyd Binen
Realtor/Broker/DRE 572654
Certified Realty Services
19200 Shubert Drive
Saratoga, CA 95070
Certified Residential Specialist (CRS); Graduate, Realtors Institute (GRI)
408-373-4411; or e-mail
