San Jose Second Quarter 2020 Real Estate Market Update
San Jose Second Quarter 2020 Real Estate Market Update for Single Family Homes
In San Jose, the median sales price for single family homes was $1,200,000 and sold in just 9 days for 102% of the asking price based on 937 sales in the second quarter of 2020.
Closed single family homes sales decreased to 937 unit sales in the second quarter of 2020, compared to 1443 unit sales in the second quarter of 2019, which is a decrease of 35%.
The median sales price for single family homes was $1.20M in the second quarter of 2020, compared to $1.15M in the second quarter of 2019 which is an increase of 4%.
The median days on market (DOM) for single family homes dropped to 9 days in the second quarter of 2020 compared to 12 days in the second quarter of 2019 which was a decrease of 25%.
The number of new listings for single family homes dropped to 1351 units in the second quarter of 2020, compared to 1952 units in the second quarter of 2019 which was a decrease of 31%.
The average percentage of list price received for single family homes held steady to 102% in the second quarter of 2020, compared to the second quarter of 2019 .
The average price per sqft for single family homes increased to $716 per sqft in the second quarter of 2020 from $695 in the second quarter of 2019, which is an increase of 3%.
Santa Clara County Second Quarter 2020 Real Estate Data for Single Family Homes
Data Provided by MLSListings. Powered by Aculist.
San Jose Second Quarter 2020 Real Estate Market Update for Condominiums and Townhouses
In San Jose, the median sales price for condominiums and townhouses was $720,000 and sold in just 11 days for 101% of the asking price based on 352 sales in the first quarter of 2020.
Closed condominiums and townhouses sales decreased to 352 unit sales in the second quarter of 2020, compared to 568 unit sales in the second quarter of 2019, which is a decrease of 38%.
The median sales price for condominiums and townhouses was $720,000 in the second quarter of 2020, compared to $740,000 in the second quarter of 2019 which is a decrease of 3% .
The median days on market (DOM) for condominiums and townhouses dropped to 11 days in the second quarter of 2020 compared to 16 days in the second quarter of 2019 which was a decrease of 31%.
The number of new listings for condominiums and townhouses dropped to 546 units in the second quarter of 2020, compared to 863 units in the second quarter of 2019 which was a decrease of 37%.
The average percentage of list price received for condominiums and townhouses increased to 101% in the second quarter of 2020 compared to 100% in the second quarter of 2019 which was an increase of 1%. .
The average price per sqft for condominiums and townhouses decreased to $585 per sqft in the second quarter of 2020 compared to $594 in the second quarter of 2019, which is a decrease of 2%.
Santa Clara County Second Quarter 2020 Real Estate Market Data for Condo and Townhouses
Data Provided by MLSListings. Powered by Aculist.
The real estate market in San Jose, Ca is very strong due to lack of inventory, strong buyer demand and historically low interest rates. Most properties are receiving multiple offers based on the condition, pricing and location of the property.
Gina Arigna and Amit Singh have been helping Santa Clara, Alameda and San Mateo County residents purchase and sell residential real estate for the past 15 years. Gina and Amit work at Keller Williams Silicon City which is located in San Jose,Ca. Gina and Amit have helped many buyers realize their dream of homeownership by offering expert market knowledge, complimentary market snapshot, access to Keller Williams connections, expert negotiation and offer presentation, agent availability, responsiveness and post home purchasing assistance to name a few. Gina and Amit have also helped many sellers sell their home for top dollar, in a short period of time with the least hassle because of their complimentary and cutting edge marketing strategies. If you have any questions regarding the San Jose or Santa Clara County real estate market, please reach out to Gina Arigna (408.858.6679) or Amit Singh (650.521.2320) or visit www.arignahomes.com
