Makati is a suburban pocket of South San Jose, encompassing the master-planned Terrace Villas condo community. The association has lower home prices, recreational amenities and a quiet setting, attracting first-time buyers and retirees. You are also near many parks, shopping hubs and commuter routes, making suburban living easy and accessible.
The Terrace Villas condominiums date back to the 1980s and are located in a contemporary park-like setting. The planned community has amenities such as a clubhouse, a pool and a spa. Prices are typically from the mid-$400,000s to the low $900,000s. Monthly association fees are around $600 to $700. “It’s a great place to live and it’s absolutely for first-time buyers,” says Pete Flores, owner of Silicon Valley Residential Brokerage Inc., with nearly 30 years of experience. “There’s also a Kaiser right there, so it’s also for people who need regular medical care or want to be near a health facility.”
The condos in the neighborhood offer much more affordable home prices than the rest of the city, with Makati’s median sale price around the mid $500,000s compared to the city’s median of $1.4 million. Anderson East and Silver Leaf also have higher home prices, around $1.3 million and $1.2 million, respectively.
Makati is close to many city amenities. “It’s very accessible and you get a lot more open spaces,” Flores says. “The Costco and Target there are brand new, and you get everything you need right there.” You’ll find:
Younger students are served by Oak Grove School District, including Bernal Intermediate School. Older students go to Oak Grove High School, which is in East Side Union High School District. Both district have limited school choice as well as interdistrict and intradistrict transfer options, giving families some flexibility with school attendance. Apostles Lutheran School is a private academy that teaches from transitional kindergarten through 12th grade. You can also apply to Summit Tahoma, a highly rated charter high school.
You’ll have many ways to get around the city:
Alana George
Intero Real Estate Services
(650) 668-4213
49 Total Sales
1 in Makati
$660,000 Price
Irina Bondar
Christie's International Real Estate Sereno
(650) 398-3456
64 Total Sales
1 in Makati
$465,000 Price
Joe Pollifrone
Christie's International Real Estate Sereno
(669) 279-3077
50 Total Sales
2 in Makati
$911K - $955K Price Range
Mahsa Manavi
Coldwell Banker Realty
(669) 233-0738
48 Total Sales
1 in Makati
$449,000 Price
Sushama N. Thakker
Sushama Thakker, Broker
(650) 209-6105
32 Total Sales
1 in Makati
$450,000 Price
Marti Coates
Martha Coates, Broker
(669) 231-2171
13 Total Sales
1 in Makati
$677,000 Price
| 1 - Low Crime, 10 - High Crime | Makati | US |
|---|---|---|
| Homicide | 3 | 4 |
| Sexual Assault | 4 | 4 |
| Assault with Weapon | 4 | 4 |
| Robbery | 4 | 4 |
| Burglary | 5 | 4 |
| Motor Vehicle Theft | 5 | 4 |
| Larceny | 5 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Makati, San Jose sell after 65 days on the market compared to the national average of 58 days. The median sale price for homes in Makati, San Jose over the last 12 months is $510,000, down 3% from the median home sale price over the previous 12 months.
|
Median List Price
$539,000
|
Median Sale Price
$510,000
|
|
Median 2 Bedroom Sale Price
$605,000
|
Median Change From 1st List Price
0%
|
|
Last 12 months Home Sales
20
|
Median Home Sale Price YoY Change
-3%
|
|
Average Price Per Sq Ft
$636
|
|
|
Number of Homes
455
|
Number of Homes for Sale
7
|
|
Median Year Built
1985
|
Months of Supply
4.20
|
|
Average Single Family Home Size Sq Ft
989
Significantly below the national average
1,933
|
Average 2 Bedroom Size Sq Ft
1,057
|
|
Average 1 Bedroom Size Sq Ft
663
|
Median Lot Size Sq Ft
871
|
|
Median Condo Rent
$2,495
|
Median 1 Bedroom Condo Rent
$2,495
|
|
Total Population
767
|
Median Age
43
|
|
Population Density
14 ppl/acre
|
Population under 18
19.2%
On par with the national average
23.8%
|
|
Population over 65
15.4%
On par with the national average
19.1%
|
|
|
Median Household Income
$122,961
Significantly above the national average
$79,597
|
Average Household Income
$156,386
|
|
High School Graduates
96.8%
Above the national average
89%
|
College Graduates
64.5%
Significantly above the national average
34.1%
|
|
Advanced Degrees
15.1%
|
% Population in Labor Force
63.7%
|
|
Annual Precipitation
17''
|
Average Winter Low Temperature
43°F
|
|
Average Summer High Temperature
82°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Single-family homes near Highway 85 in South San Jose
South San Jose suburb near state Route 85 and Santa Teresa County Park
Condos and townhouses within 2 miles of highways 101, 87 and 85
Tranquil-living with urban convenience, 10 miles South of San Jose
South San Jose area with high-rated schools and tree-filled parks
Diverse housing options in south San Jose surrounded by panoramic mountain views
