How Real Estate is doing, south of the Border

HIGH MEDIAN PRICE IN SAN JOSE- HERE IS A SURVEY FOR YOU

There has been a remarkable increase in median sales price and with is the median days on market have drastically fallen. According to the statistics of San Jose Real Estate market report there has been an improvement but at the end the total units sold has depreciated as the buyers were not prepared for the price hike. Another reason of the decrease in units sold can be analyzed if we compare the ratio of sale price to list price. San Jose has experienced a rise in the median sales price comparatively than last year.

In Los Gatos, a neighboring city there was a decrease in the median sales price and the median days dropped almost by half and so there was a negligible appreciation in the units sold. Morgan Hill, also a neighboring city fell a prey to a sharp decrease in units sold and suffered the same ill-fate in San Jose Real Estate.

But overall homes have shown signs of improvement with median prices rising high and the sellers earned 100% of the asked price and houses selling like hot cakes. There are periodic reports based on extensive research on San Jose Real Estate which helps to locate San Jose houses. This is the third largest city in California and the tenth largest in United States and this is one of the main reasons for the city’s demand. It is the suburban magnet to the newcomers and so the city is facing new housing and industrial developments.

San Jose Real Estate has been doing well, the market is moving upwards but it is not as simple as it seems because you cannot ignore the number of units sold. If you are looking for a home, survey market thoroughly, take at the purchase list, calculate the PreQual Mortgage amount and match your profile with the offers of the lenders and then find the perfect home.

Kindly provided by R. P 

for more information in Real Estate in the San Jose Area, contact  : rockwithrocky@yahoo.com