Here is a summary of last month’s activities:

95148 Actives = 35
95148 Pendings = 9
95148 Solds = 6
Average Price = $665,900
Average DOM = 24
Average SP/LP Ratio = 98.70%

95135 Actives = 15
95135 Pendings = 3
95135 Solds = 2
Average Price = $755,582
Average DOM = 20
Average SP/LP Ratio = 95.52%

95138 Actives = 22
95138 Pendings = 5
95138 Solds = 4
Average Price = $1,100,000
Average DOM = 21
Average SP/LP Ratio = 100.41%

95148 Actives = 124
95148 Pendings = 50
95148 Solds = 3
Average Price = $705k

95135 Actives = 124
95135 Pendings = 12
95135 Sold = 3
Average Price = $965k

95138 Actives = 162
95138 Pendings = 20
95138 Solds = 4
Average Price = $1,351,000

In comparison with solds within the past month, pending sales are up sharply, especially in 95148 where prices are in the $700 thousands.  There’s lots of bargain hunting in that price range.  Although credit markets are tightening , those who have been waiting to buy and are pre-approved are finding homes that they have been waiting for.

$500k to $1.5 MM
# of New Listings -22

AVG PRICE of New Listings - $1,002,000

95135 Evergreen San Jose, CA Listings

$500k to $1.5 MM
# of New Listings -26

AVG PRICE of New Listings - $903,000

95148 Evergreen San Jose, CA Listings

$500k to $1.5 MM
# of New Listings -37

AVG PRICE of New Listings - $715,000

Walkscore is a neat online tool that scores your neighborhood on walkability based on many factors including proximity to schools, stores, fitness centers, restuarants quite a few other criteria. Its algorithm weighs all of these factors and scores them based on scoring system below:

• “90–100 = Walkers’ Paradise: Most errands can be accomplished on foot and many people get by without owning a car.
• 70–89 = Very Walkable: It’s possible to get by without owning a car.
• 50–69 = Somewhat Walkable: Some stores and amenities are within walking distance, but many everyday trips still require a bike, public transportation, or car.
• 25–49 = Car-Dependent: Only a few destinations are within easy walking range. For most errands, driving or public transportation is a must.
• 0–24 = Car-Dependent (Driving Only): Virtually no neighborhood destinations within walking range. You can walk from your house to your car!”

With a score of “43″ for the Evergreen Village Square address, we’re definitely in the “Car-Dependent” group, but anyone who lives in the South Bay is comfortable with driving around to do errands. It’s just a fact of life to commute around here. Would we want a few more walkable points ? Sure , we have lots of retail space in the area that can accommodate more restaurants and amenities. Here’s a nice snapshot from Walkscore using Google’s streetview.

There were 12 new listings between $600k and $1.5k in Evergreen 95135 during the last 2 weeks.
The average new listing price was $1,100,000
During the last month there were 6 new pending sale homes and 1 home that closed escrow.

95148

There were 12 new listings between $600k and $1.5k in Evergreen 95148 during the last 2 weeks.
The average new listing price was $955,000.
During the last month there were 10  new pending sale homes and 0 home that closed escrow.

34 new listings in 95148 Evergreen San Jose, CA

25 new listings in 95138 Evergreen San Jose, CA

“Plan 1 - The Cortland -  - 5 Bedrooms with Retreat and Bonus Room 3 Baths Approx 3628 sq. ft.

Plan 2 - The Spring Crest  -  - 5 Bedrooms with Loft and Super Family Room ~ 4.5 Baths Approx 3766 sq. ft.

Plan 3 - The Comice -  - 5 Bedrooms with Retreat and Bonus Room ~ 4.5 Baths Approx 4085 sq. ft.” 

This is indeed a great addition to the Evergreen housing community.  Welcome Orchard Heights - Part Deux!