San Jose Real Estate Market Update: Communications Hill, May 9, 2012

Welcome to the current San Jose Real Estate Market Update.  This issue is focused on the neighborhood and homes for sale in the San Jose neighborhood of Communications Hill.

Communications Hill consists of two separate areas or “sides” of the hill.  The South side is the area that most people think of when someone mentions Communications Hill.  For years you could watch as the builders developed the vacant hill that offers sweeping views of South San Jose and the Santa Cruz Mountians.  The North side is located off Tully and highway 85, and while it doesn’t have the same spectacular views of the south valley, it still sits on a hill with views and well manicured landscaping.

Lots of interest in homes for sale in Communication Hill

Currently there are only 4 San Jose homes for sale (combined) in Communications Hill.  But the important stat is there are 29 homes that are “pending,” which means they have accepted offers and are in contract.  That shows you that there is a lot of buyer interest in this newer and well-maintained neighborhood of San Jose.  To prove that point, I just found out that one of the homes that is for sale, received over 25 offers the first week on the market, and several of them are above the asking price of $499K.  If you’re thinking the home was underpriced and that’s why there are so many offers and above the list price, you’ll be surprised to know the last 2 sales of the same model sold for $495K and $500K.  It’s priced right…the market has changed.

Here are the homes for sale in Communications Hill (north side):

See all San Jose - Communications Hill North.
(all data current as of 4/18/2014)

  1. 4 beds, 3 full, 1 part baths
    Home size: 2,513 sq ft
    Lot size: 1,928 sqft
    Broker reciprocity icon
  2. 2 beds, 2 full baths
    Home size: 1,340 sq ft
    Lot size: 1,534 sqft
    Broker reciprocity icon
  3. 2 beds, 2 full baths
    Home size: 1,144 sq ft
    Lot size: 1,566 sqft
    Broker reciprocity icon
  4. 2 beds, 2 full, 1 part baths
    Home size: 1,690 sq ft
    Lot size: 1,396 sqft
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Here are the homes for sale in Communications Hill (south side):

See all San Jose - Communications Hill South.
(all data current as of 4/18/2014)

  1. 4 beds, 3 full, 1 part baths
    Home size: 2,414 sq ft
    Lot size: 1,742 sqft
    Year built: 2005
    Parking spots: 2
    Broker reciprocity icon
  2. 3 beds, 3 full, 1 part baths
    Home size: 1,757 sq ft
    Lot size: 1,869 sqft
    Year built: 2005
    Parking spots: 2
    Broker reciprocity icon
  3. 2 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 2,300 sqft
    Year built: 2006
    Parking spots: 2
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.