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San Jose Real Estate Agent

San Jose Houses for SaleSan Jose Commercial Property
San Jose Land for SaleSan Jose Miscellaneous
Agents In San Jose
Remax Tali FereshtehRemax Santa Clara Valley
Remax Santa Clara Valley-jerry Hill Real EstateRemax Associates

San Jose, (capital of silicon valley) located in West central California. It was founded in 1777 and incorporated in 1850. the city occupies 898,349 as per 2003 estimate. San Jose lies in a rich fruit-growing area and immersed with wineries and many food-processing industries. Computers; electronic and electrical equipment; machinery; metal, rubber, plastic, and paper products; medical, communications, and transportation equipment; and chemicals are among its manufactures. Industrial production developed significantly after World War II and growth has since been rapid. However, San Jose was affected by the decline in high-technology production at the end of the 20th cent. The first state legislature (1849) met there, and San Jose was the state capital from 1849 to 1851.

Climate is quite soothing; temperature is moderate with omni present fog year around. San Jose experiences light rainfall in the month of October through April or May. Due to light rain fall Sun shine is observed full or significant for all most 300 days of the year.

ECONOMY: San Jose is considered as “the Capital of Silicon Valley;” as such its economy fluctuates with high-tech employment in the Bay area. In the peak of the high-tech, employment, housing price and traffic congestion also rises. The city reported jobs within the city limits and an unemployment rate of 4.6%, as per 2006. San Jose had the huge median household income of nay city with a population over 300,000 in 2000, and presently has the biggest median income of any city with over 225,000 people.

People migrate to San Jose for high-tech jobs and supporting services and fall in love with the weather of California and proximity to other fun destinations. The ocean is less than an hour away; San Francisco can be accessed by car or train and is also a short distance away; easy day trips to romantic Monterey or the wine country make this a highly sought area; Some of the best snow skiing can be found 4 hours from your front door.

Real Estate: Here are the statistics for November 2006 for Santa Clara county: Single family homes(SFHs): 870 closed at 98.87% of list price and an average of 52 days on the market." The median price is up to $775,000 and an average is also up to $938,590. Condo market:390 closed sales at 99.09% of list price and 50 "days on market" as average. Median price $519,000 and average $536,638 Stats from REIL.com.

The inventory throughout Santa Clara has continued to climb up each month this year, except for previous month. It went down to 218 SFH's in October from September (3926 properties) down to 3708 properties and also decreased 82 THs/Condos in October from September (1525 properties) to 1443 properties. Interest rates, are still very competitive and now is still a great time to buy up, buy down, do a 1031 exchange and more. Make your real estate a reality with us. We can match your quotes with top mortgage lenders to suggest the best suitable quotes for you. Please fill the form here and get the quotes.

 

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