North Valley San Jose Berryessa Condo Real Estate Market Update - May 2018
- Bojie He
- May 12, 2018
- 2 min read
North Valley San Jose Berryessa Condo Housing Market has experienced an significant increase in it's value in the last 12 months. Due to the new Bart station reaching to North San Jose and Google's expansion, North San Jose Condo Market has been very hot since the beginning of 2017. While it is hard to determine what is really going to happen in North San Jose Berryessa area's Condo market in the next few years, here are a few things we always look at.
1. Sold vs list price and Days on Market:
The sold vs asking ratio in North San Jose Berryessa Condo in 2018 Spring has been around 10-17% as compared to that of the same period in 2017, it was significantly up, indicating that homes are selling easily 10% over the listing price and average sold in 8 days so far in year 2018. The days it take for these Condos to come off the market is much shorter comparing that of 2017, indicating it is still a very competitive seller's market.
2. Average sold price
Below shows the significant increase of home prices in North San Jose Berryessa Condo market . In year 2017 between Jan to May, if your budget were around $600K, there would still be plenty of selections there, now same time this year, the budget would have to be raised to average $800K, showing a more than 20% year-to-year increase in Condo values in North Valley San Jose Berryessa, CA.
So how is the Condo housing market now in North Valley San Jose Berryessa Area, CA?
North Valley San Jose and Berryessa Area's Condo housing Market is remaining strong due to the lack of inventory and it's low interest rate. The trend is going to remain at such continuing into the next few quarters.
If you have any questions about buying or selling a home in North San Jose and Berryessa, CA please feel free to reach out to me.
Bojie He
eXp realty
Area Specialist
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