San Jose Real Estate: In the heart of San Jose, a spacious, modern residence situated in the 1900 block of Georgetta Drive has found new owners. This impressive 3,733-square-foot gem, constructed in 2020, changed hands on September 29, 2023, for a price of $3,900,000, translating to an impressive $1,045 per square foot. Boasting single-story convenience, this house offers a generous living space, featuring five bedrooms and six bathrooms. The inclusion of a two-car garage ensures both parking ease and additional storage capacity.
Recent real estate transactions in the vicinity include:
– In May 2023, a 1,846-square-foot home on the same block of Georgetta Drive fetched a remarkable $4,100,000, commanding a substantial price per square foot of $2,221. This residence encompasses 3 bedrooms and 3 bathrooms.
– Back in March 2023, on Margot Place in San Jose, a 1,874-square-foot home was acquired for $2,380,000, marking a price per square foot of $1,270. This property boasts 4 bedrooms and 2 bathrooms.
– August 2022 witnessed the sale of a 1,765-square-foot home on Margot Place, San Jose, for $2,218,000, with a price per square foot standing at $1,257. This dwelling offers the comfort of 4 bedrooms and 2 bathrooms.
These transactions offer a glimpse into the dynamic real estate market in this part of San Jose, showcasing the diversity and demand for properties in the area.
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Our Reader’s Queries
Are home prices dropping in San Jose?
From 2015 to 2024, the typical home values in various metro areas have been projected. San Jose’s typical home values have been on a steady rise, with some fluctuations during the pandemic. However, despite the increase, it is expected that the values will drop below $1.4 million by November 2024.
Is San Jose a good place to invest in real estate?
Despite the mortgage rates being higher at 6.27 percent in 2023 compared to January 2022, the housing market is expected to remain stable due to the tight supply. San Jose real estate is expensive, and the median listing home price is significantly higher, which are other factors to consider. Overall, the market is expected to remain steady.
How much does a house in San Jose cost?
The San Jose, CA housing market saw a decline in the median listing home price in December 2023, with a year-over-year decrease of -11.9%. The median listing home price per square foot was $758, while the median home sold price was $1.3M. Despite the decrease in home prices, San Jose remains a desirable location for homebuyers.
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.