The City of San Jose is a Real Estate Seller’s Market
Real estate sales in San Jose is on fire. Increasing tech wages are driving one of the biggest real estate seller’s markets in history. San Jose is universally recognized as the “Tech Capital” of Silicon Valley nestled in Santa Clara County.
San Jose is a large city in Santa Clara County, with rolling hills in Silicon Valley, a major technology hub in California’s Bay Area. The nickname for San Jose is “The Capital of Silicon Valley”.
What once a medium-sized city in the last 30 years is now a huge metropolis phenomenon, as the tech industry boomed here. San Jose ranks high in polls that rate cities for business, climate, livability, and fun.
San Jose is a Seller’s Market for Inherited Homes
The San Jose real estate market is a strong seller’s market and has been for the past several months of 2020. This booming city is perfect for sellers that have decided they want to sell their home or an inherited home. With the market not having an overflow of homes available, a freshly renovated home will get maximum profit.
Sellers are currently finding that most homes get multiple offers. Homes are selling for about 2% above the list price and go pending in about 18 days. “Hot” Homes can sell for about 7% above the list price and go pending, in about 8 days.
Renovation Realty has helped many homeowners downsizing by updating their homes and increasing the value by investing our capital to make the renovations and getting clients the most profit. Within the current market, it is a win for sellers looking to retire.
San Jose Neighborhoods Give Options to Divorced Families
San Jose consists of 353 neighborhoods and 59 zip codes, with homes that range from luxury estates to more affordable homes.
The city is mainly comprised of families, while many residents who are at the retirement stage of life are downsizing and moving to outside cities.
The city has a large variety of home options from single-family, townhouses, duplex, and condos. Making it possible for any size family to find a great choice. Or in the possible case of divorced families, each parent finding a home within the area.
The Best Neighborhoods to Purchase a Home
While there is an extensive amount of neighborhoods to choose from based on your needs Blossom Valley, Willow Glen, and Silver Creek are said to be the best neighborhoods in San Jose, CA.
Blossom Valley is a neighborhood in the southern region of San Jose, 15 minutes from downtown. It is a family-oriented neighborhood with both single-family homes and affordable townhomes.
The community knows Willow Glen as “San Jose’s local treasure”, with historic homes and charming tree-lined streets.
Silver Creek is a valley and a neighborhood in the city’s Evergreen district. Silver Creek is an affluent residential area that is home to Silver Creek Valley Country Club.
San Jose Amenities and Schools
There are 411 schools in the city, 165 elementary, 84 middle, 60 high schools, and 102 private and charter schools. The majority of the schools have great ratings and are competitive in comparison to those in the state.
Many of the attractions in San Jose showcase the natural beauty of the area and historical sites. There are many parks, museums, and zoos making it an entertaining city for adults and children.
Ready to Sell or Move Into San Jose?
If you are thinking about selling your home in Santa Clara County, Renovation Realty is ready to help you maximize your profit. Our full-service real estate brokerage is knowledgeable and has the experience to help you move into the next stage of your life. We also work with experienced and knowledgeable professionals to guide you. Renovation Realty has experience working with fiduciaries, estate and probate attorneys, financial advisors, and appraisers.
