This probate sales activity report includes probate sales in Santa Clara County in October 2016. This report is comprised of statistical data from October 1st through October 31st 2016 extracted from our local Multiple Listing Service (“MLS”) as of November 1, 2016. The data includes single family homes, condominiums and townhouses.
Probate Sales Activity October 2016
- 14 Active Probate Properties for Sale
- 2 condos and 12 single family homes
- 17 Pending Sales (Under Contract)
- 11 single family homes, 5 townhouse and 1 condominium
- 3 Sold Probate Homes
- 2 single family homes and 1 townhouse
- Average List Price: $630,667
- Average Sale Price: $668,667
- Average Sale Price to List Price: 104.3%
- Average Days on Market: 14
The highest price home sold was a single family home. It had 3 bedrooms, 1 bathroom, 930 s.f. located in the 95124 zip code in San Jose. It listed at $895,000 and was newly remodeled. It sold for $775,000 with conventional financing. The days on market was 22 days. It was a probate sale.
The lowest price home sold was a townhouse. It had 2 bedrooms, 1 bathroom, 941 s.f. located in central San Jose in the 95126 zip code. It listed at $599,000, was updated and move-in ready. It sold for $599,000 with conventional financing. The days on market was 14 days. It was a probate sale.
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.
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 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.