UPDATE: A condominium in Milpitas, California, has just sold for $645,000, making it the most affordable property transaction in the area for the week of September 8. This comes amidst a competitive real estate market where the average home price soared to $1.5 million.
In total, 12 home sales were recorded during this period, with the average price per square foot hitting $986. The latest data highlights a stark contrast in pricing, with properties selling anywhere from $10 to $10 million.
The top ten list below showcases the most significant sales, emphasizing the ongoing demand for homes in the region:
10. $2.1 million – A single-family home located in the 1500 block of Sonoma Drive sold for $2,125,000 with a living space of 1,737 square feet. The sale was finalized in August, reflecting a price per square foot of $1,223.
9. $1.8 million – Another single-family residence in the 1300 block of Elkwood Drive fetched $1,830,000. Built in 1991, this home spans 1,705 square feet and sold for $1,073 per square foot.
8. $1.8 million – A detached house on Columbus Circle also sold for $1,800,000. This property, which has a living area of 2,112 square feet, was constructed in 1970 and features a price per square foot of $852.
7. $1.6 million – The single-family home on Prada Drive was sold for $1,550,000. With a size of 1,416 square feet, it came in at $1,095 per square foot.
6. $1.3 million – A condominium in the 1200 block of Milkweed Street was purchased for $1,320,000, with a living area of 1,832 square feet. The price per square foot was $721.
5. $1.2 million – Another condominium on Merry Loop sold for $1,225,000. Built in 2019, it offers 1,622 square feet and a price per square foot of $755.
4. $1.1 million – A property in the 600 block of Barcelona Loop changed hands for $1,090,000. This condominium includes 1,643 square feet and sold at $663 per square foot.
3. $918,000 – A condominium in the 1000 block of California Circle was sold for $918,000. With 1,236 square feet, this property had a price per square foot of $743.
2. $870,000 – On South Abel Street, another condominium sold for $870,000. This 1,309-square-foot unit struck a good deal at $665 per square foot.
1. $645,000 – Finally, the most affordable sale was the condominium on South Abel Street, finalized in September. Built in 2007, it offers 1,259 square feet at a price per square foot of $512.
As the Milpitas housing market continues to evolve, these sales reflect both the high demand for homes and the significant price variances. Buyers and investors are keenly watching these developments, as the real estate scene remains dynamic and competitive.
For those interested in the top-performing properties, keep an eye on Milpitas, where the market shows no signs of slowing down.
