{"id":1787,"date":"2021-07-09T03:22:13","date_gmt":"2021-07-09T03:22:13","guid":{"rendered":"http:\/\/gator4207.temp.domains\/~erniemes\/?page_id=1787"},"modified":"2022-05-02T23:36:55","modified_gmt":"2022-05-03T06:36:55","slug":"san-jose","status":"publish","type":"page","link":"https:\/\/erniesellshomes.com\/en\/san-jose\/","title":{"rendered":"SAN JOSE"},"content":{"rendered":"\t\t
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San Jose<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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San Jose\u00a0is notable\u00a0as a center of innovation, for its affluence, and for its\u00a0 Mediterranean climate<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Welcome to San Jose, CA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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San Jose<\/em>, officially\u00a0San Jos\u00e9<\/em> is the cultural,\u00a0 financial, and political\u00a0 center of Silicon Valley, and the largest city in\u00a0 Northern California<\/em> by\u00a0 both population and area.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"San\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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SAN JOSE: THE ESSENCE OF BAY AREA LIVING<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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San Jose is notable as a center of innovation, for its affluence, Mediterranean climate, and extremely high cost of living. As of June 2021, the city has the highest percentage of million-dollar (or more) homes in the United States. <\/sup>Its location within the booming high tech industry as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley. San Jose is one of the wealthiest major cities in the United States and the world, and has the third-highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution. The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita. <\/sup>With a median home price of $1,085,000, <\/sup>San Jose has the most expensive housing market in the country and the fifth most expensive housing market in the world, according to the 2017 Demographia International Housing Affordability Survey. <\/sup><\/sup><\/sup><\/sup>Major global tech companies including Cisco Systems, eBay, Adobe Inc., PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Zoom maintain their headquarters in San Jose, in the center of Silicon Valley. The CSA San Jose shares with San Francisco was the country’s third-largest urban economy as of 2018, with a GDP of $1.03 trillion. <\/sup>Of the 500+ primary statistical areas in the U.S., this CSA had among the highest GDP per capita in 2018, at $106,757.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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SAN JOSE REAL ESTATE INSIGHTS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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San Jose’s housing market is infamously expensive. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. According to city officials, the median home price for the last quarter of 2020 was $1,225,000.<\/p>

Buyers need to earn $203K per year to afford a median-priced single-family home whereas the average income needed to buy a house nationally is $60,770. Only 22% of San Jos\u00e9 homes are affordable to median-income households. That means homeownership of a median-priced home is out of reach for nearly 80 percent of the city\u2019s residents.<\/p>

In March 2021, San Jose home prices were up 14.0% compared to last year, selling for a median price of $1.2M. On average, homes in San Jose sell after 12 days on the market compared to 12 days last year. Homes in San Jose receive 7 offers on average and sell in around 11 days.<\/p>

Below is the latest monthly report of the\u00a0San Jose<\/strong>\u00a0Housing Market<\/strong>\u00a0released by the California Association Of Realtors. It compares key housing metrics of the San Jose housing market from\u00a0March 2021 with March 2020.\u00a0<\/strong><\/p>