This probate sales activity report includes probate sales in Santa Clara County. This report is comprised of statistical data from August 1st through August 31st, 2016 extracted from our local Multiple Listing Service (“MLS”) as of September 1, 2016. The data includes single-family homes, condominiums & townhouses.
Probate Sales Activity August 2016
- 13 Active Probate Properties for Sale
- 12 Pending Sales (Under Contract)
- 8 Sold Probate Homes
- Average List Price: $684,738
- Average Sale Price: $690,358
- Average Sale Price to List Price: 101.3%
- Average Days on the Market: 37
The highest price home sold was a single-family 4 bedroom, 2.5 bathrooms, 2,161 s.f. in the Cambrian Park area of San Jose. It was originally listed at $1,350,000. The price was reduced to $1,298,000 and sold for $1,278,000. The days on the market were 67 days and was a probate sale.
The lowest price home sold was a single family 2 bedroom 1.5 bathroom, 1,026 s.f. in the City of Gilroy. It was listed for $382,900. It sold for $375,000. The days on the market were 38 days and was a trust sale.
Looking at “averages” only gives us a snapshot of the entire market. Home prices vary all throughout San Jose and Santa Clara County. The location and condition of a home will always impact value. This of course holds true regarding the sale of all homes, not just probate and trust sales.
Probate Sales Are Not Created Equal
Personal Representatives have court-appointed duties and responsibilities. To learn more about agent responsibilities and types of probate sales visit our probate sales process page.
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 at 408.972.1822 or on my cell at 408.499.8751. If you prefer, you may request a consultation.