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
Tuesday, September 28, 2010
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."
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