Real Estate Update for Single Family Homes in Willow Glen, San Jose CA 95123
Housing recovery continues as housing prices increase. In 2012 home prices gained 4.9 percent nationwide according to Clear Capital's Home Data Index Market Report. The expectation for 2013 is that home values increase a modest 2.1 percent. Consumers expect home values to increase 2.6 percent (according to a Fannie Mae survey). Not too bad since the 2013 gains will be measured against higher home prices (December 2012) after a full year of housing market recovery.
In California the median sale price of existing single family homes in November 2012 was $349,300 increased from $279,910 in November 2011.
Willow Glen in San Jose currently has 28 homes for sale ranging in price from $499,950 to $1,699,000. Median list price for single family homes in Willow Glen is $949,499. Only 4 properties offered for sale are distressed.
A total of 65 single family homes in Willow Glen are pending sale ranging in price from $268,000 to $1,798,888. Median list price for pending properties is $775,000. 21 Single family properties are distressed and it will take longer to close these sales or if not will come back on the market as distressed sales.
If you are searching for distressed properties for sale the availability has decreased significantly the second half of 2012.
8 Single Family homes sold in Willow Glen during the first two weeks of January 2013. Median list price $702,000, median sale price $707,500. Homes were listed an average of 45 days.