San Jose’s housing market is on fire! The demand for multifamily housing is increasing as the economy rebounds and housing prices are increasing. In July condo closings increased 27 percent and the median price 28 percent when compared with July of last year. Last year a condo took 53 days to sell, and now the average is 19 days.
One perfect example of how developers are taking advantage of this is the Skyline Condos in San Jose where after five years of renting is converting them to be for sale. The eleven story, 121 unit high-rise was originally planned to be on the market for sale, but in 2008 was converted to be for rent. Now that the market has bounced back, the beautiful condos at Skyline will hit the market soon. Skyline features a large outdoor deck with tables to enjoy the views, a beautiful lobby with keyed access, parking and is pet friendly. Skyline Condos are located in walking distance from VTA light rail and Caltrain station, and close to shopping and entertainment downtown. The units are expected to hit the market in the range of $300,000-$700,000.
All photos below from Skyline Facebook Page-Credit Skyline Condos
There is even a dog park for your furry friends!