San Jose Real Estate Update: In the vibrant real estate landscape of San Jose, the 15400 block of Herring Avenue has witnessed a recent change of ownership. On November 6, 2023, a welcoming 1,896-square-foot property, built in 1947, found new stewards for a purchase price of $1,820,000, reflecting a valuation of $960 per square foot. This single-story house, adorned with the timeless charm of composition shingles on the roof, offers a spacious layout featuring four bedrooms and three bathrooms.
Upon entering, the home exudes warmth, with a fireplace enhancing the ambiance of the living area. Practicality meets convenience as the property is equipped with a two-car garage, efficiently catering to both vehicle parking and storage needs.
In the same neighborhood, other houses have also found new owners, contributing to the dynamic real estate tapestry:
- Charmeran Avenue, San Jose (January 2023):
- Size: 1,142 sq.ft.
- Sale Price: $1,510,000
- Price per Square Foot: $1,322
- Bedrooms: 2
- Bathrooms: 1
- 15300 block of Herring Avenue, San Jose (July 2022):
- Size: 1,280 sq.ft.
- Sale Price: $1,500,000
- Price per Square Foot: $1,172
- Bedrooms: 2
- Bathrooms: 1
- Charmeran Avenue, San Jose (August 2022):
- Size: 2,164 sq.ft.
- Sale Price: $1,700,000
- Price per Square Foot: $786
- Bedrooms: 3
- Bathrooms: 1
These transactions not only highlight the diverse offerings within the Herring Avenue neighborhood but also underscore the resilience and dynamism of the local real estate market.
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Our Reader’s Queries
Are house prices going down San Jose CA?
The San Jose metro area is expected to experience a significant drop in home values by November 2024, with a projected negative percentage change of 6.1%. This is the largest decline among all areas analyzed. New Orleans and San Francisco are also expected to see drops of 6% and 4.8%, respectively. In contrast, home values across the nation are expected to remain flat.
Is it a good time to buy a house San Jose?
Despite a dip in home values last year, San Jose and Santa Clara County are now seeing a steady increase in home prices. This trend is expected to continue, potentially leading to record-high list prices and median home values in San Jose. It’s clear that the real estate market in this area is thriving, and homeowners can expect to see a significant return on their investment in the coming years.
Is San Jose a buyers or sellers market?
San Jose, CA saw a slight decrease in median home prices in December 2023, with the average list price coming in at $1,098,888 compared to $1,149,000 in 2022. Despite this, the city remained a seller’s market, with more buyers than available homes.
Is real estate market cooling off in the Bay Area?
Zillow predicts a decline in home prices in the San Jose and San Francisco markets in the coming year. San Jose is expected to experience the biggest drop in home prices among the top 100 metro areas in the US, with a projected decrease of 6.1%.