How is north San Jose, CA homes?

                                Sam Shueh                                                                                                                                                          Realty One Group                                                                                                                                                                 Silicon Valley, CA

This north San Jose area is bounded by I-101, east of Capitol Expressway, south of Mipitas, and between 237 and Zanker. It covers most of 95131, 95132, 95133 and 95134 neighborhoods. 

                                 North San Jose, CA map                                         

                               Single Family homes: 3 br+, 2 bath+ (1300-2000 sf) 

                                 Total listings SFH = 28

                               Inventory: 0.7 month (2.5 month is healthy)

                                       unemployment rate=4.1%

                                Sold/Asked=107% was 109% one year ago

                                  Marketing time=12 days

            $900 k (Apr-June 2016)  $818.3 K (1 yr ago) + 9.9%

            $582/sf                          $509/sf                   +14.4% 

Since late 2013 the teens (+17%,+14%,+11% price increases) enjoyed during 2013 through 2015 have risen to a smaller return. These neighborhoods are mostly residential. Some are close to high tech manufacturing and midpoint between Fremont and west Silicon Valley. This is an important consideration if two income wagers head two different directions needing to live midway.

Schools are above average especially in 95132 Piedmont area. Except a few pockets of newer development of modern homes on smaller sized lots, they are mostly tract homes built around 1970s through 1980s.

                       Historical avg sold home prices in north San Jose (1300-2000 sf) 

We have a fantastic real estate boom in Silicon Valley since last quarter of 2011. It has been this way over 5.5 years. 

The market momentum chart below seems to suggest it will be the same in the immediate future. No one is anticipating major layoffs at least not anytime soon. The Brexit worries will not cause a major problem to affect real estate prices as the local economy is strong. 

 North San Jose housing momentum 

  SOURCE:

 Silicon Valley homes Q1 2016 (San Jose home prices)

 Shueh, Sam    (Sam Shueh Blogs)

 Shueh, Sam     (Sam Shueh Realtor website)

Sam Shueh

I've called San Francisco South Bay home for over 30 years. We love this area and all it has to offer, and I enjoy sharing what I know about homes.  I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call. 

( Four-O-Eight)  425-1601           Sam Shueh Realtor site