Willow Glen Home Sales and Statistics and Market Analysis

The Willow Glen Home market is fairly active as we enter into the new year. The month of January is historically the lowest inventory month for most years and if you look a the market statistics that is likely to be the case again this year.

As most people know, Willow Glen is a market within a market in San Jose and as such, it needs to be looked at as it's own market.

What follows are some interesting numbers for Willow Glen Homes as we enter the new year.

What does all this mean?  Well a few things can be read from the data. First, the inventory level of 136 Single Family Homes available is relatively low for the area but not necessarily when you take the time of year into account.  The Fact that the number of sales in December was more than 1/3 of the current inventory says we are in a good market BUT, if you look closer, the sales price data suggests that the lower price homes are selling much better than the higher priced homes.  AND it also show that homes sold were on the market for less time, suggesting a list price that was close to the real value of the home.

This is an important point.  When the market is not a strong seller's market, the list price MUST be reasonably close to actual market price or the home is likely to sit unsold.  When that happens, inevitably the price it sells for will be less that what it could have been sold for if the home sold quickly.

I welcome responsible comments

Steve Kent