URGENT UPDATE: San Jose’s real estate market is buzzing with activity as new reports confirm the best home deals for the week of June 16. A striking $580,000 condominium is leading the pack, setting a new low for affordable housing in the area where the average home price soared to $1.8 million.
The latest data shows a total of 111 home sales were recorded, with an average square footage of 1,789 square feet and a price per square foot averaging $1,010. This surge in activity highlights the ongoing shifts in the housing market, where buyers are racing to secure properties amidst rising costs.
TOP 10 AFFORDABLE HOME SALES: Here are the standout deals from the week:
1. **$580K** – Condominium, 1300 block of Branham Lane, 903 sq ft, 2 bedrooms, built in 1970.
The lowest price among the top ten sales, this condo demonstrates the demand for affordable options in a high-priced market.
2. **$600K** – Single-family residence, 1400 block of Chiplay Drive, 960 sq ft, 3 bedrooms, built in 1959.
Another competitive sale, reflecting the ongoing appeal of single-family homes.
3. **$600K** – Condominium, 3300 block of Shadow Park Place, 1,143 sq ft, 2 bedrooms, built in 1988.
This sale reaffirms the trend of buyers opting for condos as they navigate their housing options.
4. **$659K** – Condominium, 1700 block of Braddock Court, 841 sq ft, 1 bedroom, built in 1981.
This property highlights the varied options available to buyers looking for smaller living spaces.
5. **$670K** – Condominium, 100 block of Sunwood Meadows Place, 920 sq ft, 2 bedrooms, built in 1985.
The appeal of established neighborhoods continues to draw buyers.
6. **$730K** – Condominium, 200 block of Sumba Court, 1,246 sq ft, 3 bedrooms, built in 1986.
With ample space and a reasonable price, this sale showcases the competitive nature of the market.
7. **$735K** – Single-family home, 1500 block of Primm Ave, 960 sq ft, 3 bedrooms, built in 1959.
A solid choice for families, indicating a sustained interest in single-family homes.
8. **$790K** – Condominium, 5400 block of Colony Green Drive, 1,260 sq ft, 3 bedrooms, built in 1984.
This sale demonstrates the appeal of larger condos for buyers seeking more living space.
9. **$800K** – Single-family house, 1200 block of South King Road, 1,040 sq ft, 3 bedrooms, built in 1959.
A classic choice in a competitive market.
10. **$809K** – Condominium, 900 block of The Alameda, 1,068 sq ft, 1 bedroom, built in 2006.
This modern option appeals to younger buyers and investors alike.
This analysis, provided by the Bay Area Home Report Bot, showcases the evolving landscape of San Jose’s real estate market, with a clear emphasis on affordability amid soaring prices. The data is sourced from public records registered by local county offices, ensuring accuracy and transparency.
As the market continues to evolve, potential buyers are urged to act swiftly. With prices fluctuating and demand high, the window for securing affordable housing is narrowing. Stay tuned for further updates on San Jose’s real estate trends and opportunities.
