Melanie Tan
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Mar 2026
Santa Teresa Foothills is still one of the most competitive markets in the Bay Area, but competition is starting to ease. Here's the picture:
Based on 11 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.
Data through March 2026
See how prices, monthly costs, and mortgage rates have moved in Santa Teresa Foothills.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
Santa Teresa Foothills, San Jose is still a highly competitive market, but conditions are starting to ease. Buyers should move quickly on well-priced homes and expect to offer above asking, though the most intense bidding wars may be tapering.
At $1.63M, Santa Teresa Foothills, San Jose's median is close to the Bay Area average of $1.88M.
Within San Jose, this area trades about 10% above the city-wide median of $1.47M.
Santa Teresa Foothills, San Jose is one of the Bay Area's more competitive markets:
Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.
At $1.63M with 20% down at 6.53%, your estimated total monthly cost is approximately $10,119:
HOA fees are extra.
→“Mel did an amazing job helping us buy our first home. When we first met her, we had done literally zero of the steps needed to buy a house, and 28 days later we closed.”
“I work in commercial real estate with many different agents and I can proudly say that Mel is above the rest.”
“Working with Mel was the best decision I made in my home-buying journey. She was incredibly patient, taking the time to explain every detail of the process to me.”
“Mel did an incredible job helping me find and purchase my first home! She was very responsive, professional, and knowledgeable.”
“Working with Mel was a fantastic experience from start to finish. We were immediately impressed by her active listening and her ability to translate our needs.”
I read every message and usually reply the same day.
