This probate sales activity report includes Probate sales and Trust real property sales in Santa Clara County. This report is comprised of statistical data from September 1st through September 3oth 2016 extracted from our local Multiple Listing Service (“MLS”) as of October 1, 2016. The data includes single-family homes, condominiums & townhouses.
Probate Sales Activity September 2016
- 13 Active Probate Properties for Sale
- 14 Pending Sales (Under Contract)
- 4 Sold Probate Homes
- Average List Price: $659,422
- Average Sale Price: $665,625
- Average Sale Price to List Price: 99.1%
- Average Days on the Market: 27
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 real property sales.
Probate Sales | Highest Price Home Sold
The highest price home sold was a single-family 3 bedroom, 2 bathroom, 1,247 s.f. in Sunnyvale in the 94085 zip code. It is listed at $725,000 and marketed as “needs TLC in all areas.” It sold as an all-cash sale for $805,000. The days on the market were 20 days and it was a probate sale.
Probate Sales | Lowest Price Home Sold
The lowest price home sold was a single-family 2 bedroom, 1 bathroom, 784 s.f. in the downtown area of San Jose in the 95112 zip code. It was listed for $550,000 and was marketed as a “fixer-upper.” It sold as an all-cash sale for $525,000. The days on the market were 27 days and it was a probate sale.
Certified Probate Real Estate Specialist
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 probate homes. 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 probate real estate 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 are here to help.