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San Jose Real Estate Market Update – San Jose Real Estate Agent

October 21, 2014 By dpizano

San Jose Real Estate Market Update – San Jose Real Estate Agent

2014 buyers payment
San Jose, CA Real Estate House Payments Statistics

The San Jose real estate market is still going strong. We have gone through two years of low inventory. The prices have shot up almost 30% in the last 24 months. The San Jose real estate market is now starting to adjust to a slower pace since the start of the year. In March 2014 the San Jose, California real estate market was full throttle and most homes in San Jose were listed and immediately had multiple offers. In April the housing inventory stayed the same but the demand peaked and we had even more offers per home.

Today San Jose housing sales have slowed and we are starting to see more price reductions in different areas of San Jose, Ca.  The housing inventory is still low, however, there are less and less buyers willing to purchase a home that has increased significantly the past two years. Buyers are more cautious now.

When compared to previous years at the peak of the boom, total payment a buyer makes on a home has come down.  Low prices and low interest rates translate to lower mortgage payments. However, given the recent home price appreciation in the past couple years, buyers are now paying more each month. Take a look at this graph from the California Association of Realtors.

For more information on the San Jose Real Estate Market, Call Realtor Daniel Pizano at (408) 460-8401 for more information.

Filed Under: Real Estate Tagged With: data, information, market update, san jose ca housing, san jose real estate, san jose real estate agent, san jose real estate market update, stats

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About Daniel Pizano Realtor Broker Agent

San Jose Native, Real Estate Guru, Marketing Expert. Bay Area Sports Enthusiast, Frustrated Golfer, Amateur Chef, Wanna-be Cocktail Mixologist. Web Designer. Lover of All Things Green - Gardener. Musician. Associate Broker of Coldwell Banker Residential Real Estate - Los Gatos Office. For more, follow me at @danielpizano Read More…

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Helping you find your dream home.

Everything starts with a phone call. Call us at 408.460.8401. Daniel Pizano is a top producing real estate agent and broker associate with 10 years of real estate experience. Daniel is affiliated with Coldwell Banker Los Gatos which is a top producing office in Silicon Valley and the entire Bay Area. Real estate is a relationship business. You need a knowledgeable and hardworking broker who will negotiate the best deal for you. Daniel would love to meet with you and see how he can help you achieve your dream of owning your home or selling your home. Call Daniel today!

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Daniel Pizano, broker associate
01471503
408.355.1557
Coldwell Banker Los Gatos
410 N Santa Cruz Ave
Los Gatos, CA 95030

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