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$1.3M Moreno Avenue Home Sale: Luxury Real Estate Update

.3M Moreno Avenue Home Sale: Luxury Real Estate Update

The San Jose housing market remains a dynamic landscape, characterized by competitive pricing and evolving buyer preferences.understanding recent sales ‌data is⁣ crucial for anyone looking to buy,sell,or invest in this vibrant region.⁤ This report provides an in-depth analysis of recent transactions, ‌focusing⁢ on key metrics and offering insights into current trends. We’ll examine a recent sale on Moreno Avenue,contextualize it with comparable properties,and discuss the broader forces shaping the Silicon Valley real ‌estate scene.‌ This isn’t just about numbers; it’s about understanding the nuances of a complex market.

Did You No? San Jose consistently ranks​ among the most ‍expensive housing markets in⁤ the ‍united States, driven by its strong ⁣tech industry ‍and limited ⁣housing⁤ supply.

Recent Sale Spotlight: 3200 Block of Moreno Avenue

On September 22, 2025, a 2,131-square-foot home located in the 3200⁤ block of Moreno Avenue, San Jose, sold for ‍$1,300,000. This translates to approximately $610 per square foot.The property, built in 1991, features ⁣five bedrooms, three bathrooms, and two parking spaces, situated on a 4,750-square-foot lot. This ​sale provides a valuable data point for assessing current market values in this specific neighborhood.

Pro Tip: ‍When evaluating a property, consider not just the ⁣price‌ per square​ foot, but also lot size, condition, upgrades, and proximity to amenities like schools, parks, and​ transportation.

Comparative Market Analysis: Nearby Sales

To gain a more extensive ⁣understanding ⁢of​ the San Jose ⁢market,let’s examine several comparable ⁣sales in the vicinity. Analyzing these transactions helps establish a range of values⁢ for similar properties:

* Vernice ⁤Avenue, San Jose (December 2024): A 1,209-square-foot home ‍sold for $1,009,500⁣ ($835/sq ft) with 3 bedrooms and 2 bathrooms. This represents a lower price per square foot, likely ‍due‍ to the smaller size of the property.
*​ Arthur ⁣Avenue, San Jose (June 2024): A 1,314-square-foot home sold for $1,214,000 ($924/sq ft) featuring 4 bedrooms and 2 bathrooms. This sale demonstrates a higher price per square foot​ than the Vernice Avenue transaction, possibly reflecting upgrades or⁢ a ⁤more desirable location.
* ​ Vernice Avenue, san Jose⁤ (March 2025): Another 1,209-square-foot home on Vernice Avenue‍ sold for $1,120,000 ($926/sq ft) with 3 bedrooms and 2 bathrooms. ⁤This sale further ⁣reinforces the trend of higher prices per square foot in this area.

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Here’s ⁣a quick comparison table summarizing ⁣these sales:

Address Square Footage Sale Price Price/Sq Ft Bedrooms/Bathrooms Sale Date
Moreno Avenue 2,131 $1,300,000 $610 5/3 Sept 22, 2025
vernice Avenue 1,209 $1,009,500 $835 3/2 Dec 2024
Arthur Avenue 1,314 $1,214,000 $924 4/2 june 2024
Vernice ‌Avenue 1,209 $1,120,000 $9

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