Wednesday, December 22, 2010
Friday, November 19, 2010
Short Sale anyone?
Have you ever wondered why they call it a short sale when it actually takes so long to close escrow?
Actually short sales are more popular than regular sale and this is due to the great prices and inventory is great.
At this point the average months of inventory (MOI) is about 4 months, which is different in the different areas throughout the Bay Area.
Have you considered a short sale for your first time home purchase or even an investment?
With rates so low this is a great time to invest in real estate.
Call me today and lets talk about you and how short sales can work for you.
Have a great day.
Actually short sales are more popular than regular sale and this is due to the great prices and inventory is great.
At this point the average months of inventory (MOI) is about 4 months, which is different in the different areas throughout the Bay Area.
Have you considered a short sale for your first time home purchase or even an investment?
With rates so low this is a great time to invest in real estate.
Call me today and lets talk about you and how short sales can work for you.
Have a great day.
Tuesday, November 2, 2010
Tuesday, September 28, 2010
1st time Home Buyer Seminar
Happy Tuesday to you all!
I wanted to let you know that November 3rd @ 6:40 there will be agreat 1st time Home Buyer Seminar in Los Gatos. This seminar will educate you on the home buying process, FHA programs and the myths and facts about financing options.
This will be a great learning opportunity for you or your colleagues and friends and family.
Please call me @ 408 67 MY MLS to confirm your FREE seat.
www.monicamanocha.com
Monica
I wanted to let you know that November 3rd @ 6:40 there will be agreat 1st time Home Buyer Seminar in Los Gatos. This seminar will educate you on the home buying process, FHA programs and the myths and facts about financing options.
This will be a great learning opportunity for you or your colleagues and friends and family.
Please call me @ 408 67 MY MLS to confirm your FREE seat.
www.monicamanocha.com
Monica
Tuesday, September 14, 2010
Los Gatos Update on homes...Did you know?
Listing Type Number Median Price Price Change from August
Homes for Sale 495 $1,275,000 +2.0%
New Homes 0 n/a n/a
Foreclosures 162 $813,000 +0.6%
Los Gatos is one of the Santa Clara Valley's most desirable residential communities. It boasts great weather, excellent schools, breathtaking mountain views and a quiet village atmosphere. Just a short drive from the Santa Cruz beaches, Silicon Valley workplaces, and the cultural attractions of Los Gatos and San Francisco, Los Gatos offers the best of all worlds in one well located place.
Call me today and lets find out what area suits you best.
408 399 1495
Homes for Sale 495 $1,275,000 +2.0%
New Homes 0 n/a n/a
Foreclosures 162 $813,000 +0.6%
Los Gatos is one of the Santa Clara Valley's most desirable residential communities. It boasts great weather, excellent schools, breathtaking mountain views and a quiet village atmosphere. Just a short drive from the Santa Cruz beaches, Silicon Valley workplaces, and the cultural attractions of Los Gatos and San Francisco, Los Gatos offers the best of all worlds in one well located place.
Call me today and lets find out what area suits you best.
408 399 1495
Tuesday, September 7, 2010
Bay Area Update
Silicon Valley –
Our Coldwell Banker Los Altos office reports sales are steady while inventory is increasing. The Almaden office says inventory is decreasing and sales are steady. Similarly, the market is steady in Los Gatos. But well priced homes are still selling – a $2 million dollar home came on the market and sold within two days. Sales continue to be slow and inventory appears to be on the rise, according to our San Jose Main office.
Summer vacations may be drawing to a close and yet agents and clients are becoming more active.
Buyers may be waiting to hear if Congress will be re-instating the first time buyer tax credit, which is a topic of conversation but us realtors are not blessed with a crystal ball.
Open houses this past weekend were slower than normal with minimal traffic thru most.
On a more positive note.. it is the lower than normal interest rates that are helping sales in the upcoming months with more buyers looking and the phones ringing.
It is a great time to buy and so let me know how I can help you further.
Our Coldwell Banker Los Altos office reports sales are steady while inventory is increasing. The Almaden office says inventory is decreasing and sales are steady. Similarly, the market is steady in Los Gatos. But well priced homes are still selling – a $2 million dollar home came on the market and sold within two days. Sales continue to be slow and inventory appears to be on the rise, according to our San Jose Main office.
Summer vacations may be drawing to a close and yet agents and clients are becoming more active.
Buyers may be waiting to hear if Congress will be re-instating the first time buyer tax credit, which is a topic of conversation but us realtors are not blessed with a crystal ball.
Open houses this past weekend were slower than normal with minimal traffic thru most.
On a more positive note.. it is the lower than normal interest rates that are helping sales in the upcoming months with more buyers looking and the phones ringing.
It is a great time to buy and so let me know how I can help you further.
Tuesday, August 24, 2010
Silicon Valley Million Dollar Home Sale Prices are Up!
According to the Business Journal in Silicon Valley and other stats the market showed the the median sale prices in Silicon Valley rose again in July over last year.
There was a total of 244 homes sold for over $1m in Santa Clara County in July 2010 which is up 8% from July 2009.
The market is now picking up slowly. Last year the avg days on market was 53 and this year we are down to 41.
Let's talk about when would be a good time for you to sell your home.
We are always free to meet with you or your referrals and talk real estate.
Have a great week!
There was a total of 244 homes sold for over $1m in Santa Clara County in July 2010 which is up 8% from July 2009.
The market is now picking up slowly. Last year the avg days on market was 53 and this year we are down to 41.
Let's talk about when would be a good time for you to sell your home.
We are always free to meet with you or your referrals and talk real estate.
Have a great week!
Thursday, August 12, 2010
Bay Area housing market slows as summer vacation season takes hold
As summer gets into full swing, the Bay Area housing market appears to be taking a bit of a vacation break. While buyers are still out in the market in some communities, in many parts of the Bay we’re seeing the usual summer slowdown with modest open house attendance and fewer sales. Some of this softening is attributed to the time of year and some of it is perhaps due to the end of the federal tax credit.
But the summer hiatus hasn’t impacted all communities equally or even all neighborhoods within those communities. While many offices report very quiet activity, agents in other offices are seeing continued strong interest by buyers looking to capitalize on attractive pricing and record-low mortgage rates.
This schizophrenic market is exemplified by Menlo Park’s observations: “One day, we see a sale and think ‘Wow! How did they ever get that price for this house?" And then the next day we’re saying, ‘I can't believe that house is still sitting there; it’s a great value." Down the Peninsula, high-end properties between Palo Alto and Atherton are still selling– some even before hitting the market, with about a third of sales attracting multiple offers. Cupertino declares that sales activity is up with listing inventory decreasing. Similar brisk activity was reported in central Marin County.
In general, the buyers – those who haven’t jetted off to Hawaii or trekked up to Lake Tahoe – are still out looking but they’re being very, very cautious about taking the next step and making an offer. Homes that are well maintained and perceived to be a really good value are indeed selling. But buyers want to make sure they’re getting the best deal, and often are making offers well under the list price.
It’s understandable that buyers are being cautious and are looking for direction, given the macro-economic issues all around us. The economy appears to be on the mend, (depending on the economist, and the reports released on any particular day) but the recovery is slow. The jobs market is still grappling with stubbornly high unemployment, as evidenced by Friday’s jobs report. Some 131,000 jobs nationwide were cut last month, though that was primarily tied to layoffs of temporary census workers. The unemployment rate remained unchanged at 9.5 percent.
Overly negative news media reports haven’t helped the housing market. The press seems to focus primarily on the negative and ignore the overall improvement we’re seeing – the fact that corporate earnings have rebounded significantly, home sales have steadily risen over 2008 and 2009 levels, the credit markets have grown stronger, and the stock market has recovered nicely from last March’s low, making most 401k’s quite a bit healthier. The grim tone of the financial press may be frightening some potential buyers into inaction.
Nonetheless, there are still savvy buyers out in the market. They understand that while we have economic challenges and uncertainty, things have indeed gotten better. And they know that we’re seeing a rare window of opportunity right now with homes priced at very attractive levels and mortgage money available at rates we haven’t seen since…ever. Mortgage rates hit a fresh record low this week with 30-year fixed-rate mortgages averaging 4.49%, according to Freddie Mac. Those who are buying now realize the strong, long-term investment potential of real estate, especially in the Bay Area at today’s price level.
Call me today and let us talk about your real estate situation. 408 399 1495
But the summer hiatus hasn’t impacted all communities equally or even all neighborhoods within those communities. While many offices report very quiet activity, agents in other offices are seeing continued strong interest by buyers looking to capitalize on attractive pricing and record-low mortgage rates.
This schizophrenic market is exemplified by Menlo Park’s observations: “One day, we see a sale and think ‘Wow! How did they ever get that price for this house?" And then the next day we’re saying, ‘I can't believe that house is still sitting there; it’s a great value." Down the Peninsula, high-end properties between Palo Alto and Atherton are still selling– some even before hitting the market, with about a third of sales attracting multiple offers. Cupertino declares that sales activity is up with listing inventory decreasing. Similar brisk activity was reported in central Marin County.
In general, the buyers – those who haven’t jetted off to Hawaii or trekked up to Lake Tahoe – are still out looking but they’re being very, very cautious about taking the next step and making an offer. Homes that are well maintained and perceived to be a really good value are indeed selling. But buyers want to make sure they’re getting the best deal, and often are making offers well under the list price.
It’s understandable that buyers are being cautious and are looking for direction, given the macro-economic issues all around us. The economy appears to be on the mend, (depending on the economist, and the reports released on any particular day) but the recovery is slow. The jobs market is still grappling with stubbornly high unemployment, as evidenced by Friday’s jobs report. Some 131,000 jobs nationwide were cut last month, though that was primarily tied to layoffs of temporary census workers. The unemployment rate remained unchanged at 9.5 percent.
Overly negative news media reports haven’t helped the housing market. The press seems to focus primarily on the negative and ignore the overall improvement we’re seeing – the fact that corporate earnings have rebounded significantly, home sales have steadily risen over 2008 and 2009 levels, the credit markets have grown stronger, and the stock market has recovered nicely from last March’s low, making most 401k’s quite a bit healthier. The grim tone of the financial press may be frightening some potential buyers into inaction.
Nonetheless, there are still savvy buyers out in the market. They understand that while we have economic challenges and uncertainty, things have indeed gotten better. And they know that we’re seeing a rare window of opportunity right now with homes priced at very attractive levels and mortgage money available at rates we haven’t seen since…ever. Mortgage rates hit a fresh record low this week with 30-year fixed-rate mortgages averaging 4.49%, according to Freddie Mac. Those who are buying now realize the strong, long-term investment potential of real estate, especially in the Bay Area at today’s price level.
Call me today and let us talk about your real estate situation. 408 399 1495
Tuesday, July 13, 2010
Who is the #1 Real Estate Company now?
Did you know that Coldwell Banker in Los Gatos is the leader of the market share for homes in Santa Clara County over $1,000,000??
Our overall market share in Santa Clara County is also the highest!
Time to call me today and let me help you with your biggest investment ever.
Trust Monica Manocha & Coldwell Banker to help you with your real estate needs.
408 399 1495
Our overall market share in Santa Clara County is also the highest!
Time to call me today and let me help you with your biggest investment ever.
Trust Monica Manocha & Coldwell Banker to help you with your real estate needs.
408 399 1495
Tuesday, May 11, 2010
Pricing your home today...
"In today’s market, the key for sellers is to price their home “at market” or even slightly below. You need to remember that buyers today are taking on the risk of a slowing mar-ket in their offering price.
If your home is not selling, you might wonder how long you should wait to reduce your list price. The answer to this is this simple: as soon as the market response (lots of showing, but no offers) tells you your price is too high.
In a transitional market, the “right” price can also be tricky. Buyers tend to be cautious and tentative about their home buying decisions. It is never wise to “test the mar-ket” in this kind of market environment.
An effective pricing strategy can be to undercut your competition. So, for example, if a neighboring home is listed at $535,000, bring yours in at under $535,000 at say $529,000.
Also consider psychological price barriers. Buyers perceive a huge difference between a home listed at $500,000 and one at $495,000.
Aggressive pricing or a quick price reduction can some-times stimulate multiple offers. We know of one home recently that was priced by the sellers $25,000 below any-one else. The result - 7 offers and it sold over listed price by $50,000.
So think carefully before you set your price. Remember, if you are purchasing another home you become a buyer, too, and will get the benefit of this market on that side of your transaction.
So price your home to sell. After all, that is why you put your home on the market in the first place!
Also, as a part of our Bay Area Concierge Services we offer expert real estate services to you, your friends and family. Visit us online at www.mmgproperties.com or call us at 408.399.1495."
If your home is not selling, you might wonder how long you should wait to reduce your list price. The answer to this is this simple: as soon as the market response (lots of showing, but no offers) tells you your price is too high.
In a transitional market, the “right” price can also be tricky. Buyers tend to be cautious and tentative about their home buying decisions. It is never wise to “test the mar-ket” in this kind of market environment.
An effective pricing strategy can be to undercut your competition. So, for example, if a neighboring home is listed at $535,000, bring yours in at under $535,000 at say $529,000.
Also consider psychological price barriers. Buyers perceive a huge difference between a home listed at $500,000 and one at $495,000.
Aggressive pricing or a quick price reduction can some-times stimulate multiple offers. We know of one home recently that was priced by the sellers $25,000 below any-one else. The result - 7 offers and it sold over listed price by $50,000.
So think carefully before you set your price. Remember, if you are purchasing another home you become a buyer, too, and will get the benefit of this market on that side of your transaction.
So price your home to sell. After all, that is why you put your home on the market in the first place!
Also, as a part of our Bay Area Concierge Services we offer expert real estate services to you, your friends and family. Visit us online at www.mmgproperties.com or call us at 408.399.1495."
Wednesday, April 28, 2010
Bay Area Real Estate Update.
Here is some valuable information about the Real Estate market in Santa Clara County. As you can see there is a lot of activity in our area and the information points in the better direction for sales price, etc.
March Property sales were 961, up 26.0% from 763
in March of 2009 and 46.3% higher than the 657
sales last month. March 2010 sales were at their
highest level compared to March of 2009 and 2008.
March YTD sales of 2,237 are running 12.1% ahead
of last year's year-to-date sales of 1,996.
The Median Sales Price in March was $590,000, up
31.1% from $450,000 in March of 2009 and up
7.3% from $550,000 last month. The Average Sales
Price in March was $737,017, up 22.1% from
$603,762 in March of 2009 and up 4.3% from
$706,723 last month. March 2010 ASP was at a mid
range compared to March of 2009 and 2008.
Also, as a part of our Bay Area Concierge Services we offer expert real estate services to you, your friends and family. Visit us online at www.mmgproperties.com or call us at 408.399.1495.
Tuesday, April 27, 2010
A Great 3/2.5 in Santa Clara for less than $600k
$585000 / 3br - 3/2.5 Over 1700 sqft. Must See!! (santa clara) (map)
Date: 2010-04-27, 9:20PM PDT
Reply to: monica.manocha@gmail.com [Errors when replying to ads?]
2414 Ruth Cabral Way, Santa Clara, CA 95050 (Santa Clara)
You have to see this!! Get in contract today before the tax credit deadline on Friday!!!!
This is a REGULAR sale and move in condition... Hurry and make this your home today!!
Lots of light . Great multi level townhome.
Attached 2 car garage, vaulted ceilings and a great open floorplan!
$585,000 3 beds, 2&1/2 baths, 1768 sq ft
www.monicamanocha.com
Status: Active
Year Built: 1987
Type: Townhouse
List Date: 4/5/2010
Parking: 2
MLS#: 81016228
2414 Ruth Cabral Way (google map) (yahoo map)
You have to see this!! Get in contract today before the tax credit deadline on Friday!!!!
This is a REGULAR sale and move in condition... Hurry and make this your home today!!
Lots of light . Great multi level townhome.
Attached 2 car garage, vaulted ceilings and a great open floorplan!
$585,000 3 beds, 2&1/2 baths, 1768 sq ft
www.monicamanocha.com
Status: Active
Year Built: 1987
Type: Townhouse
List Date: 4/5/2010
Parking: 2
MLS#: 81016228
2414 Ruth Cabral Way (google map) (yahoo map)
TAX CREDIT DEADLINE
The time to get into contract and get your tax credit is almost coming up. Time to find a home and get in contract before Friday.
Call me today and let's talk about the homes you have been deciding between.
www.mmgproperties.com
408 399 1495
Monday, March 29, 2010
State homebuyer tax credit news!!!
http://www.contracostatimes.com/real-estate/ci_14317708?source=rss&nclick_check=1
Let's talk real estate and how it will help you.
Let's talk real estate and how it will help you.
Friday, February 26, 2010
Time to sell your home...? This is the right time...
http://abcnews.go.com/GMA/YourMoney/selling-house-real-estate-market/story?id=9948405
I can help you get the right price for your home.
Let's talk about Real Estate and you..
Monica
408 399 1495
I can help you get the right price for your home.
Let's talk about Real Estate and you..
Monica
408 399 1495
Monday, February 22, 2010
Prices are now on the rise in Silicon Valley?
The market has totally changed in the last one year. We are now seeing a solid recovery in the financial market and the federal home buyer tax credit is a big help to many.
It is obvious that the housing market is not out of the woods yet, but there is a dynamic army of confident and qualified buyers searching for homes.
There is still an inventory shortage in many areas, but it does also result in multiple offers, making sellers very happy.
Even though sales may have fallen, the home prices are on the rise.
It is a rare market that we are in with a search for more inventory but also a great tax credit for home buyers.
Call us today and let's talk about how you can take advantage of this market.
www.mmgproperties.com
408 399 1495
It is obvious that the housing market is not out of the woods yet, but there is a dynamic army of confident and qualified buyers searching for homes.
There is still an inventory shortage in many areas, but it does also result in multiple offers, making sellers very happy.
Even though sales may have fallen, the home prices are on the rise.
It is a rare market that we are in with a search for more inventory but also a great tax credit for home buyers.
Call us today and let's talk about how you can take advantage of this market.
www.mmgproperties.com
408 399 1495
Friday, February 19, 2010
Tuesday, February 9, 2010
COMING SOON: $368,999 for a 3/2 in Santa Clara with plenty of upgrades..
We have our newest home coming up @ Park Place and would like you to know first.
This 3 bedroom 2 bath home is located on the first floor and is the only one with a backyard.
Upgrades galore
Inside laundry
Granite slab counters
Stainless steel appliances
LOW HOA DUES!!!
www.condosatparkplace.com
Call today to schedule a private showing of your new home.
408 399 1495
This 3 bedroom 2 bath home is located on the first floor and is the only one with a backyard.
Upgrades galore
Inside laundry
Granite slab counters
Stainless steel appliances
LOW HOA DUES!!!
www.condosatparkplace.com
Call today to schedule a private showing of your new home.
408 399 1495
Tuesday, January 26, 2010
Bay Area Real Estate Deadlines/Dates
For all homebuyers keep in mind these two dates:
1)Must be in contract for a home by April 30th, 2010
and
2)The escrow must close by June 30th, 2010
Finally, all buyers get tax credit:
It is not only the 1st time homebuyers that get tax credit ($8000) and so this would be a good time to move up and get some tax credit ($6500)
Call me today to talk about your personal situation in Real Estate.
408 399 1495
www.mmgproperties.com
1)Must be in contract for a home by April 30th, 2010
and
2)The escrow must close by June 30th, 2010
Finally, all buyers get tax credit:
It is not only the 1st time homebuyers that get tax credit ($8000) and so this would be a good time to move up and get some tax credit ($6500)
Call me today to talk about your personal situation in Real Estate.
408 399 1495
www.mmgproperties.com
Friday, January 22, 2010
More News about Real Estate in the Bay Area...
http://online.wsj.com/article/SB10001424052748703657604575005491246452922.html?mod=WSJ_newsreel_sanfran
Let's ralk about your real estate needs..
Monica
408 399 1495
Let's ralk about your real estate needs..
Monica
408 399 1495
Silcon Valley Housing Market News!!
An article worth reading about our housing market.
http://www.mercurynews.com/news/ci_14239079?nclick_check=1
Let me know how I can further help you our your friends and family with their real estate needs.
Monica
408 399 1495
http://www.mercurynews.com/news/ci_14239079?nclick_check=1
Let me know how I can further help you our your friends and family with their real estate needs.
Monica
408 399 1495
Wednesday, January 20, 2010
Wednesday, January 6, 2010
Time to snag a Bay Area bargain??
Happy New Year to all!!
I thought you would find this helpful.
http://www.msnbc.msn.com/id/21134540/vp/34724700#34724700
Call me today to talk about your options.
408 399 1495
Monica
I thought you would find this helpful.
http://www.msnbc.msn.com/id/21134540/vp/34724700#34724700
Call me today to talk about your options.
408 399 1495
Monica
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