It's 2010 and time for new resolutions and life changes finally realized. What will yours be? Are you thinking of putting your Danforth, Toronto homes up for sale and moving to lovely San Jose, California? Pondering selling your San Jose house and either moving away or upgrading to a new house? If so, you need more than just the resolve of having made a decision for your dream to come true. You also need the facts about the market in the city so you can get down to the nitty gritty of financially planning this move. If you're really going to go for it, here's the information on the market that you need.

The bottom line is that right now, as we ring in 2010, it's a great time to BUY real estate in San Jose but it is not a great time to SELL real estate in San Jose. Why is this, you ask, when your Oshawa realtor is telling you the real estate market is doing great? It's because the recession and sub prime mortgage crisis hit real estate markets in California much harder than it hit Canadian markets, and these cities, which include San Jose, are only now beginning to recover.

If you've been keeping an eye on the market stats this year, you may have notices the price of a home for sale in Milton, Ontario or a condo in New York has been climbing. However, the last year has not been as kind to San Jose. The average price per square foot dropped by 6.7% and the middling sale value of a home dropped about 1%. The good news is that in the last weeks of 2009, this trend appeared to be reversing, with listing prices climbing steadily at a rate of about 1% per week. This means that it may soon be a good time to sell.

Just how much can you expect to pay for a San Jose home, anyway? The same as Durham Region real estate? More? Less? Well we're not sure where you're from, but we can give you our averages. The average listing price in San Jose is around $545,000 while the middling sales price of a home is closer to $395,000. To help you calculate how much a home that would fit your family might cost, use the average price per square foot. It's currently sitting at $291.

As you know, new homes in London, Ontario neighborhoods that were recently developed tend to be more expensive than homes in older neighborhoods. Average listing prices on San Jose's most popular neighborhoods occupy the range from $191,000 (South San Jose) to $974,000 (Willow Glen.) Other popular neighborhoods include Edenvale ($385,000) Cambrian ($658,000) and Alum Rock ($418,000.)