San Jose, 95124 Summary
The median sales price for homes in ZIP code 95124 for May 11 to Jul 11 was $574,750. This represents an increase of 1.7%, or $9,750, compared to the prior quarter and a decrease of 4.2% compared to the prior year. Sales prices have depreciated 23.5% over the last 5 years in 95124, San Jose. The median sales price of $574,750 for 95124 is 43.69% higher than the median sales price for San Jose CA. Average listing price for homes on Trulia in ZIP code 95124 was $648,950 for the week ending Aug 24, which represents a decline of 2.2%, or $14,542 compared to the prior week and a decline of 1.4%, or $9,210, compared to the week ending Aug 03. Average price per square foot for homes in 95124 was $379 in the most recent quarter, which is 31.14% higher than the average price per square foot for homes in San Jose.
San Jose, 95125 Summary
The median sales price for homes in ZIP code 95125 for May 11 to Jul 11 was $635,000. This represents an increase of 1.9%, or $12,000, compared to the prior quarter and a decrease of 2.7% compared to the prior year. Sales prices have depreciated 17% over the last 5 years in 95125, San Jose. The median sales price of $635,000 for 95125 is 58.75% higher than the median sales price for San Jose CA. Average listing price for homes on Trulia in ZIP code 95125 was $776,873 for the week ending Aug 17, which represents an increase of 2.3%, or $17,414 compared to the prior week and an increase of 1.8%, or $13,772, compared to the week ending Jul 27. Average price per square foot for homes in 95125 was $391 in the most recent quarter, which is 34.83% higher than the average price per square foot for homes in San Jose.
The California Association of Realtors is reporting that pending home sales, a sign of the direction of the housing market, fell 1.7 percent in California last month. It was also reported that the index for pending home sales that the association uses was up 4.9 percent from July, 2010.
The downturn in new sales contracts isn’t expected to continue, the association said in a statement. Although pending home sales dipped in July, all indications show that trend should continue at the current level for the next couple months. Pending sales have been ahead of last year’s level for the past three consecutive months and should be on track to finish the year even with last year’s pace.
Also the share of distressed homes, including bank owned and short sales, fell statewide to 44.5 percent in July, from 46.9 percent in June and 47.7 percent a year earlier, the association reported.
Distressed single family homes sold in Riverside and San Bernardino counties remain at a higher level than for the state as a whole. In Riverside County last month distressed homes represented 62 percent of sales, down from 67 percent in July, 2010 but up from 61 percent in June. In San Bernardino County last month distressesd homes comprised 65 percent of sales, down from 69 percent in June and 72 percent a year earlier.
