Lower end of San Jose Single family home is just on fire.

Real Estate Agent with Keller Williams Realty Cupertino

San Jose Downtown homeLower end single family home or duplex is just on fire.

I have seen all most all the single family homes under $225,000 in San Jose downtown area. I have wrote 3 offers for my dear buyer all cash offer. We were out bid by other offers every time. There are 3 to 7 offers each time. Last home we offered is located at South Almaden Ave in the city of San Jose.  That is a large lot for over 9000 sf corner lot. It is very close  downtown and zoned R3. This Property has approval from city planning for 4 unit townhouse project. If we look at the history of this home it was sold for $590,000 at the mid-Octoberl 2006. You may ask how the earth this home's value dropped to less then half. Yes! there are a lot good  homes on market for sale.

Comments (4)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Grace, The home sounds lovely....and so does San Jose. I had a friend that lived there and really loved it.

Jan 29, 2009 11:54 AM
Grace Keng
Keller Williams Realty Cupertino - Cupertino, CA
CRS, CDPE (408) 799-8887

Thank you for your comment. The San Jose is almost the biggest city in California. The east, south and downtown San Jose homes have dropped to half or 1/3 value of 2005 and 2006. It is really a great time to buy in real estate at our area. Happy Chinese New Year!.


Feb 05, 2009 09:11 AM
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Nice to hear the San Jose market doing well.  Looks like the spring market has arrived there early this year!



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Mar 05, 2009 01:54 AM