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Buyers Attracted to San Jose Homes for Sale, Despite Recession

The housing market in San Jose real estate is a promising beacon in a nation laden with overall real estate collapse. It should first be noted that the San Jose economy is thriving particularly well. As the heart of Silicon Valley, San Jose has always been renowned for its number of high-tech jobs. Here residents can find a number of jobs with the County of Santa Clara and the City of San Jose, as well as well-paying positions at Cisco Systems, IBM, Hitachi, Agilent Technologies, Adobe Systems, KLA Tenchor Instruments, Novellus Systems, Xilinx, Cadence Design Systems Inc, Sanmina-SCI, Lockheed Martin, Hewlett Packard and eBay. That being said, it’s no surprise that San Jose residents have the highest disposable income in the country – even if San Jose homes are fetching a pretty penny on the market.

The average price of San Jose homes for sale is $566,000 – which is more than the San Francisco-Oakland-Fremont area ($538,100) and higher than the Anaheim-Santa Ana-Irvine area ($498,000). The homes here began to ratchet up in value when the surge of high-tech jobs arrived in the nineties, driving up the demand for housing. San Jose is the tenth most populous city in the nation and offers a good stock of new high-end estates. Some neighborhoods – Edenvale, South San Jose, Alum Rock, Berryessa and North San Jose – are more affordable, with average listings of $378,000 or less. The mid-range pricing can be found with downtown, Cambrian Park and West San Jose real estate from $566,000 – $692,000. The priciest estates are situated in the walk-able community of Willow Glen and Almaden Valley, a playground for high-powered business moguls.

The homes of San Jose don’t just appeal to rich business professionals, however. In fact, many people come to San Jose to enjoy their golden retirement years. CNN Money Magazine calls San Jose the seventh “Best Place for a Healthy Retirement” because of its scenic views, bike paths, space devoted to public parks, high-ranking hospitals, local restaurants and plethora of local wineries. US News amp; World Report also mentions San Jose as one of the “10 Best Places to Grow Up,” due to their 9 square miles of green space, six local skate parks, 300 days of sunshine each year and variety of professional sports teams to follow. With all this good press, the San Jose homes for sale are poised to retain their value and continue to be a much coveted place to work and play.

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