This probate sales activity report includes probate and trusts real property sales in Santa Clara County in November 2017. This report is comprised of statistical data from November 1, 2017, through November 30, 2017, extracted from our local Multiple Listing Service (“MLS”) as of December 1, 2017. The data includes single-family homes, condominiums, and townhouses and may not include “off-market” sales.
Probate Homes & Trust Real Property Sales Activity November 2017
- 2 Active properties for Sale
- 1 Single-family home
- 1 Townhouse
- 9 Pending Sales (Under Contract)
- 6 single-family homes, 3 condominiums
- 8 probate sales, 1 trust sale
- 4 Sold Homes
- 2 single-family homes, 1 condominium, and 1 townhouse
- 3 probate sales and 1 Trust
- Average List Price: $580,738
- Average Sale Price: $579,500
- Average Days on Market: 22
Looking at “averages” only gives us a snapshot of the entire market. Home prices vary all throughout San Jose and the entire Silicon Valley. The location and condition of a home will always impact value. This is true of all home sales not just Probate and Trusts real property sales.
Probate Sales | Highest Priced Home Sold
The highest price home sold was a townhouse located in Morgan Hill 95037. The sale did not require court confirmation. The home has 3 bedrooms, 2 bathrooms, and approximately 2,338 square feet of living space. It was 31 years old. It was listed on October 7, 2017. The list price is $699,000. On October 24, 2017, the MLS reported pending status. On November 13, 2017, it was reported sold. The final sales price reported was $685,000. The buyer had conventional financing.
Probate Sales | Lowest Priced Home Sold
The lowest price home sold was a condominium located in Blossom Valley San Jose 95123. It had 2 bedrooms, 1 bathroom, and approximately 810 square feet of living space. It was listed on October 17, 2017, for $499,950. On October 26, 2017, the MLS status was changed to pending. On November 22, 2017, the status changed to sold. The final sales price was $470,000. It was a cash sale. Court confirmation was not required.
Certified Probate Real Estate Specialist
While many aspects of probate sales may be similar to a non-probate sale of real property, an Estate 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 Real Estate Specialist 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 property in probate then give Kathleen Daniels a call. I may be reached at my office at 408.972.1822 or on my cell at 408.499.8751. If you prefer, you may request a consultation. We’re here to help.