In October, home prices fell slightly from the month before, with a median listing price of $1,193,694. The number of listings on the market shrank 4.9% from last month, which is a bigger decrease than normal for this time of the year in San Jose, and homes are also selling slower than at the same time last year. Typically, home price per square foot in San Jose tend to fall in October.
San Jose is advancing its housing initiatives with the completion of the environmental report for a townhome project at 5670 Camden Avenue in the Cambrian area. Developer Mana Camden Fund LLC proposes 108 units spread across 32 structures, transforming baseball fields and green space behind Beacon School into residential spaces. This development leverages the Builder's Remedy under the Housing Accountability Act for efficient approvals, including 22 deed-restricted low-income affordable units to support diverse community needs.