Recent South Bay Price Reductions

scissors1.jpgPrice reductions continue in the South Bay, as the housing market continues to cool.  It is hard to tell when the market will bottom out, but in the meantime, there are some great bargains in this buyer’s market. 

Some of these bargains include:

1) Listed on Craigslist, this 4 bedroom 2 1/2 bath home located on Dailey at Calahan in San Jose was just reduced $100k to $699,000. It has a beautifully landscaped backyard from the photos, and a hot tub. 

2) Also listed on Craigslist is a 2 story European Villa with 2938 square feet of living space, 4 bedrooms, and 3.5 baths.   Located in South San Jose, this home was just reduced by $50K to $1,024,888.  It is also listed as a possible rent-to-own.

3) 14848 Leigh Ave in San Jose is located right next to Los Gatos, and boasts a 11,000 square foot lot.  It is a 3 bedroom, one bathroom home with a pool, and has just been reduced $40k to $729,999.   

Most of the reductions I see are in San Jose – Cupertino and Sunnyvale appear to be holding prices steady while Los Gatos is actually going up.