As a “hyper-local” Realtor, I follow seven San Jose zip codes in five MLS areas far more closely than others; in my opinion, an agent can’t spread himself much thinner and still give quality service to his buyer-and-seller clients.
I even pay Mountain View-based Altos Research to help me break these zip codes down into four price-based quartiles and to update these statistics on a weekly basis so that my clients can stay two steps ahead of the competition. Based both on this research and on anecdotal evidence, I expect 2012 to bring both a market bottom and the beginning of a modest recovery to most of my neighborhoods. I”ll explain why in a later post; first, let’s look back on 2011 and see how these seven zips (I call them my “seven sisters”) performed price-wise, compared to each other and to San Jose as a whole.
In a nutshell: The 95126 zip – which comprises the Rose Garden, Shasta Hanchett Park and some fringe urban neighborhoods – easily outstripped its six real-estate siblings. (more…)