Santa Teresa – Upscale San Jose Living, Bargain Prices

One puzzler in the San Jose market is that one of its nicest residential areas shows some of the largest price declines.  The community of Santa Teresa is close to several major freeways including highway 85, a very large dog-friendly park, several incredible golf courses, and light rail – yet over 50% of the homes on the market here have shown reductions, with a mean reduction of 8.3%.  

Santa Teresa County Park is a big reason to live here – with 1627 acres of pristine parkland featuring beautiful views, picnic grounds, hiking, biking and equestian trails, and even an archery range.  And the Santa Teresa Golf Course is a challenging course that is still friendly to those with higher handicaps, like yours truly.  

Santa Teresa is a bit further down the road than most of San Jose – and it does get hotter here in the summer.  But with 254 homes on the market at an average selling price of $518k, wide upscale residential streets and easy access to recreational areas, Santa Teresa is a great place to find a bargain during this down market.  According to Redfin, there are 67 single family homes for sale in this market for less than $600k with three or more beds.  Most homes in this area have reasonably sized yards, and nice curb appeal.

Other reasons to live here include close proximity to the new Kaiser hospital, as well as to the upcoming shopping mecca being built on the old IBM site off Cottle Road.  

Living here also means that driving to the Gilroy Garlic Festival, Monterey, Pismo Beach, or Hearst Castle is not quite as much of a haul as it would otherwise be!