Jeff Hansen & Arvin Paredes

408-657-9837

Downtown San Jose Condo & Townhouse Living

Our Current Market and Recent Sales

Our Current Market

You’ve probably heard it from friends, family members, coworkers, and even the news; inventory is incredibly low. For buyers, it’s challenging to get in contract because of the competition out there. We’re seeing multiple offers on properties and closing prices roughly between 2-5% above the list price. The interest rates have increased a bit since last year and yet are still incredibly desirable; this has caused a high demand in the market place. The great thing is that with our team’s professionalism and certain techniques, we’ve been successful in getting our clients into fantastic homes.

On the flip side, sellers are thrilled with the fact they are getting more than one offer on their home and if priced correctly, closing over the list price. After years of a down market, we’re still relatively in the early stages of recovery. Sellers that we’ve been fortunate to help this year have experienced the gain of enough equity in their home to sell and either move up, relocate to a different state, and/or finally acquire the money they’ve made from an investment property because of the appreciation.

Some of Our Recent Sales Downtown

411 Park Ave. #123, 95110

Parkside

Parkside

Interior Pic

Open Floor Plan

This 1 bed 1 bath condo sold over list price with multiple offers ($311,000). The buyer was all cash and closed in about a week and a half.

30 E. Julian #112, 95112

Unit #112

The Plaza

2 bedrooms with 2 full baths, multiple offers, and closed in less than 30 days ($410,000). One of the highest prices in the complex in years.

184 San Pedro, 95110

San Pedro Square

San Pedro Square

2 bedrooms and 2 full baths, 1288 square feet, multiple offers and closed over list price ($501,000). It was on the market for less than a week before going into contract.

What do you think about the current real estate market? Any thoughts, comments, and questions are highly encouraged. If there’s anyone you know that could benefit our services, please don’t hesitate to contact us. Onward!

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