How's the real estate market in Willow Glen? This classy district of San Jose is faring better than most of Silicon Valley in terms of the single family home market, but it's been fairly rough among townhomes and condos, where the market has been more volatile.
Below, please find a graph I created using data from our MLS provider, MLSListings.com, for houses and condominiums in San Jose's Willow Glen area. This reflects the months of inventory, or absorption rate (a ratio of closed sales to available inventory each month).
Very few condos are selling and closing - just 2 in September and 4 in August, which is a small number relative to the available inventory. The numbers are more balanced among houses, as you can see from the graph. Pricing is being pushed downward among houses, which is not surprising when you see the upward trend in the months of inventory (rising since June).
To learn more and to get other statistics and data, please visit my Valley of Hearts Delight blog and see the following post:
The Willow Glen Area of San Jose - Real Estate Market Update
Please call or email me if you'd like assistance in buying or selling a home in Willow Glen or anywhere nearby. I'm happy to offer you a free, no obligation initial consulation.
Cheers!
Mary
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