Monday, July 18, 2011

San Jose Rio Vista Avenue Home Price Trend (Price / SqFt vs. Sale Date)

I've put together a Table and Chart showing the San Jose Rio Vista Avenue Home Price Trend (Price/SqFt vs. Sale Date). At first glance you see the price plunged on the last sale, but if you look closely you see a couple things:
1. That sale was back on 11/14/09 when prices were lower.
2. That sale was one of the larger homes (1630 sq ft). Larger homes tend to sell at lower price per square feet because when you add square footage to a home, you don't increase value at a linear rate.

Robert Lei
Century 21 M&M and Associates
761 E. El Camino Real
Sunnyvale, CA 94087
Direct: (408) 350-4726
Cell: (408) 893-2410
I'm never too busy for your Silicon Valley real estate referrals
DRE # 01716389

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