Posts Tagged ‘foreclosures’

Seven Trees Neighborhood and Home Values

Thursday, February 10th, 2011

You can tell how much your house is worth by looking at what homes in your neighborhood are selling for. The Seven Trees neighborhood is located in South San Jose. According to the 2000 Census, this neighborhood consists of 415 housing units and 9,628.22 people per sq. mile. The median home price in 2000 was $275,00. Prices continued to steadily go up and in 2009, the median home price in the Seven Trees neighborhood totaled $420,049. In 2010 the Seven Trees saw a decline in housing prices. The median price was $392,349. Detached homes in this area saw a median price of $447,688, townhouses and other attached units had an average total of $374,710, and 3-to-4 unit structures saw a median price of $492,454.

As of February of this month, there are 3,893 homes for sale in the Seven Trees neighborhood and the median price is $394,900. Prices are down -0.8% from last month. In addition 4,873 are foreclosure homes homes.

Image c/o:flickr.com

Condos in the area range from the lowest price of $132,00 to the highest at $168,720.

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9 Million Face Foreclosure

Friday, June 26th, 2009

It is estimated that as many as 9 million Americans face foreclosure. Many more are struggling to make ends meet.

The U.S. Housing Department indicated that there was a slight drop in foreclosures in May 2009 (down about 6%), however 300,000 new homes received foreclosure notice.

If you are facing foreclosure, and need help, click here.

If you are interested in purchasing a foreclosure, click here.

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