Jeff Hansen - King Condo

Condos/Townhomes Sold In Nov. And Dec. (95110,95112)

Quick Stats and Projections For Downtown San Jose

The Multiple Listings Service (MLS) shows that in the month of November last year, there were 28 condos/townhomes sold in zipcodes 95110 and 95112.

List Price – Min: $117,500 Max: $615,000 Median: $234,000

Sale Price – Min: $117,500 Max: $575,000 Median: $228,000

Average List Price – $273,784

Average Sale Price – $257,530

Last month in December, there were 13 condos/townhomes sold in 95110 and 95112.

List Price – Min: $150,000 Max: $469,000 Median: $239,000

Sale Price – Min: $150,000 Max: $464,000 Median: $239,000

Average List Price – $260,139

Average Sale Price – $257,530

Projections: Real Estate prices don’t seem to be dropping a significant amount, which is a possible sign that we are at the bottom of the market. My projection is that you will see stable home values from here on out. As far as interest rates go, it would be hard to imagine them being lower than the current 3.75% for a 30 year fixed conventional loan. My guess is that they won’t go any lower than that, but still an unbelievable rate.

It’s a great time to buy with these historically low interest rates and current home values. If you are thinking about making a purchase or know someone who is, contact me, and we’ll find you a place that you can call, “home sweet home.”

This entry was posted on Saturday, January 7th, 2012 at 2:35 pm and is filed under Buyers, Market Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. January Sold Condos/Townhomes (95110, 95112) | King Condo Real Estate in San Jose by Jeff Hansen said at February 14th, 2012 at 6:38 pm

   [...] However, the average list price and average sale price is up a few thousand dollars compared to December’s averages. If you or anyone you know would like more information on what’s going on in the Downtown SJ [...]

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