Market Report - The Brasil Group
San Jose, CA 95128
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
San Jose, CA 95128
Sat Feb 27 2021
This week the median list price for San Jose, CA 95128 is $569,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $569,000 | |
| Per Square Foot | $655 | |
| Days on Market | 63 | |
| Price Decreased | 24% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 17 | |
| Median Rent | $2,899 | |
| Most Expensive | $2,200,000 | |
| Least Expensive | $439,000 | |
| Market Action | 42 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $962,000 | 1,205 | 0 - 4,500 sqft | 2 | 2 | 29 | 1 | 2 | 56 |
| $577,000 | 922 | 0 - 4,500 sqft | 2 | 2 | 33 | 0 | 0 | 49 |
| $561,975 | 922 | 0 - 4,500 sqft | 2 | 2 | 33 | 0 | 0 | 24 |
| $449,888 | 658 | 0 - 4,500 sqft | 1 | 1 | 33 | 2 | 0 | 105 |