This probate sales activity report includes probate sales in Santa Clara County in November 2016. This report is comprised of statistical data from November 1st through November 30, 2016 extracted from our local Multiple Listing Service (“MLS”) as of December 1, 2016. The data includes single family homes, condominiums and townhouses.
Probate Sales Activity November 2016
- 5 Active Probate Properties for Sale
- All single family homes
- 23 Pending Sales (Under Contract)
- 19 single family homes, 3 townhouse and 1 condominium
- 11 Sold Probate Homes
- 7 single family homes, 2 townhouse and 2 condominiums
- Average List Price: $736,286
- Average Sale Price: $777,750
- Average Sale Price to List Price: 106.2%
- Average Days on Market: 27
The highest price probate home sold was a single family home. It had 2 bedrooms, 2 bathrooms, 1,873 s.f. on a 10,000 plus square foot lot located in the 95125 zip code in Willow Glen San Jose. It listed at $1,600,000. MLS indicates “needs total upgrading”. It sold for $1,330,000 with an all cash sale. The days on market was 39 days. It was a probate sale.
The lowest price home sold was a condominium. It had 3 bedrooms, 2 bathrooms, 1,094 s.f. located in South San Jose in the 95111 zip code. It listed at $449,999. MLS indicated “move-in ready with designer touches”. It sold for $438,000 with conventional financing. The days on market was 33 days. It was a probate sale.
One condo listing by me, Kathleen Daniels, sold $40,000 over asking price and was an all cash purchase. You can read about that transaction here.
Looking at “averages” only gives us a snapshot of the entire market. Home prices vary all throughout San Jose and the entire Silicon Valley area. The location and condition of a home will always impact value. This is true of all home sales not just Probate and Trust Sales.
Of all the probate sales activity in the month of November six (6) transactions were trust sales.
While many aspects of probate sales may be similar to a non-probate sale of real property, a Personal Representative is well advised to seek a qualified real estate agent to represent them in the sale of a probate and trust home. We live in a highly specialized world today. Hiring a Certified Probate Agent is just as important as hiring an attorney who specializes in probate.
If you need an attorney who specializes in Probate I am happy to recommend one. If you already have an attorney and simply need help with selling probate real estate then give me a call. I may be reached at my office 408.972.1822 or on my cell at 408.499.8751. If you prefer, you may request a consultation. We are here to help.