San Jose Real Estate Luxurious Homes: In November 2023, the ownership of a substantial 2,837-square-foot residence, constructed in 1983, transitioned. Situated in the 7200 block of Gold Creek Way in San Jose, this commodious property was successfully transacted for $2,850,000, equating to $1,005 per square foot. This two-story dwelling encompasses a lavish living space adorned with four bedrooms and three bathrooms. Additionally, the abode offers a capacious two-car garage, facilitating ample room for both parking and storage. The backyard of the property is further enriched with the presence of a spa and a pool.
Other notable property transactions in the vicinity include:
– In October 2022, a residence spanning 3,623 square feet on Jaland Court in San Jose exchanged hands for $3,588,000, amounting to $990 per square foot. This five-bedroom, four-bathroom home boasts a spacious layout.
– During April 2023, a 3,365-square-foot home situated on the 1100 block of Mockingbird Court in San Jose was sold for $3,300,000, reflecting a price per square foot of $981. This residence comprises four bedrooms and three bathrooms.
– In December 2022, on Grimley Lane in San Jose, a residence covering 3,959 square feet was successfully sold for $3,400,000, at a price per square foot of $859. The property encompasses four bedrooms and five bathrooms.
Also Read: Sacred Heart Holiday Feast: A Heartfelt Tradition of Giving
Our Reader’s Queries
What is the most expensive neighborhood in San Jose?
San Jose, CA boasts some of the most expensive neighborhoods in the area. Almaden Valley, with a population of 46,778, takes the top spot with 18% of its residents living in luxury. West San Jose follows closely behind with 12% of its 96,997 residents enjoying the high life. Willow Glen, Cambrian Park, and Evergreen also make the list with 7% of their populations residing in upscale neighborhoods. The Rose Garden and Berryessa neighborhoods have smaller populations, but still have a notable percentage of residents living in luxury. Santa Teresa rounds out the list with 0% of its 58,064 residents living in expensive neighborhoods.
Why are houses so expensive in San Jose?
San Jose’s housing prices are 26% higher per unit compared to neighboring counties like San Francisco and Alameda. This is due to a shortage in the labor market and differences in wage structures, according to a recent report.
Is San Jose real estate a good investment?
If you’re thinking about buying a house in San Jose, you might be wondering if now is a good time. While sale prices have gone up, experts predict that home prices will continue to rise in the future. It’s important to keep your budget and affordability in mind when considering these increasing prices.
How much does the average house in San Jose cost?
In December 2023, the median listing price for homes in San Jose, CA was $1.1M, which is a decrease of -11.9% compared to the previous year. The median price per square foot for listed homes was $758, while the median sold price for homes was $1.3M.