Sierra Crest 2 Bedroom Condos in San Jose CA: Market Update for 1st Half of 2011

Sierra Crest 2 Bedroom Condos in San Jose CA:  Market Update for 1st Half of 2011

There were thirteen 2 bedroom Sierra Crest condos sold in the first half of 2011.

AVERAGE SALES PRICE:
During the 1st half of 2011, average sales price for the 2 bedroom Sierra Crest condos in San Jose was $243,354, which is 5% lower than the previous half ending 2010 and 10% lower than the 1st half of 2010.  In addition, this average sales price is at a historic low when comparing with all prior 6 month periods back to 2007.

MEDIAN SALES PRICE:
Median sales price in the first 6 months of 2011 was $245,000 for these 2 bedroom Sierra Crest condos in San Jose, compared to median price of $261,000 in the prior period ending 2010 and $270,000 in the same period in 2010. This median sales price is also at a historic low when compared to all prior 6 month periods back to 2007.

AVERAGE COST PER SQUARE FEET:
In the 1st half of 2011, average cost was $264 per square feet of living space for these 2 bedroom condos.  This is 5% lower than last period; 10% lower than the same period in 2010; and is a historic low.

As you can see, now is a great time to buy one of these 2 bedroom condos in San Jose with current prices being at a historic low!  With interest rates also being low, buying these 2 bedroom condos could be a good long-term investment.

The Sierra Crest Condo complex was originally constructed in the year 1988.  It consists of 19 buildings with a total of 332 units with 2 and 1 bedrooms.  This complex is centrally located:  close to freeways (280 and 17/880), shopping and restaurants (Santana Row and Westfield Valley Fair Mall) and hospitals (Santa Clara Valley Medical Center and O’Connor Hospital).

Trang Beuschlein has been helping those selling or buying San Jose CA Real Estate for years, providing exceptional service.  When you need a full-time, experienced San Jose CA Realtor who can sell your home for top dollars in the least amount of time or who can negotiate the best deal for your new home, you can count on Trang Beuschlein.  If you are looking for a service oriented San Jose CA real estate agent or for a list of San Jose CA Homes for Sale, please call (408) 410-5628 or send an e-mail to
CA DRE Broker License #01453711

Copyright © 2011 Trang Beuschlein

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