San Jose Summary
The median sales price for homes in San Jose CA for Nov 10 to Jan 11 was $393,713. This represents a decline of 2.2%, or $8,802, compared to the prior quarter and an increase of 0.8% compared to the prior year. Sales prices have depreciated 37.5% over the last 5 years in San Jose. The average listing price for San Jose homes for sale on Trulia was $481,225 for the week ending Feb 02, which represents an increase of 2.6%, or $12,391, compared to the prior week and an increase of 3%, or $14,009, compared to the week ending Jan 12. Average price per square foot for San Jose CA was $289, a decrease of 1.7% compared to the same period last year.
Popular neighborhoods in San Jose include Willow Glen, Evergreen, Edenvale, Alum Rock, Berryessa, and North San Jose.
Friday, February 11, 2011
Friday, January 21, 2011
Silicon Valley home sales slump continues in December
Silicon Valley's home sales slump continued in December, with both the number of transactions and median prices in Santa Clara County down from a year earlier.
The number of single-family houses that changed hands was down 9.9 percent last month from December 2009, San Diego-based MDA DataQuick reported today. The median price dropped 1.7 percent to $517,000.
The volume of condo sales fell 7.1 percent, and the median price was down 11.6 percent to $294,250.
The market in Silicon Valley reflected trends throughout the Bay Area, where real estate transactions were "dominated by distress sales," with move-up buying put on hold, DataQuick reported.
"While the dicey economy and employment concerns are major factors, tight mortgage credit is also a big issue right now, especially for the upper half of the market," DataQuick President John Walsh said in a news release.
"There's a lot of pent-up supply and demand out there, which will start to meet when the lenders reopen their spigots a turn or two," Walsh said.
Real Estate
California median home prices dip in DecemberHome sales hit 13-year low; slow recovery aheadMortgage rates: Average on 30-year fixed loans rises to 4.74 percentU.S. home sales: 2010 was weakest year since 19972010 was 2nd-worst year for home construction in half-centuryHome sales: Southern California median price flat in DecemberRent increases on the way, analysts sayMortgage rates: Average on 30-year fixed home loan dips to 4.71%
Call me today and let's talk about how this effects you and your real estate needs today.
Call 408 399 1495
The number of single-family houses that changed hands was down 9.9 percent last month from December 2009, San Diego-based MDA DataQuick reported today. The median price dropped 1.7 percent to $517,000.
The volume of condo sales fell 7.1 percent, and the median price was down 11.6 percent to $294,250.
The market in Silicon Valley reflected trends throughout the Bay Area, where real estate transactions were "dominated by distress sales," with move-up buying put on hold, DataQuick reported.
"While the dicey economy and employment concerns are major factors, tight mortgage credit is also a big issue right now, especially for the upper half of the market," DataQuick President John Walsh said in a news release.
"There's a lot of pent-up supply and demand out there, which will start to meet when the lenders reopen their spigots a turn or two," Walsh said.
Real Estate
California median home prices dip in DecemberHome sales hit 13-year low; slow recovery aheadMortgage rates: Average on 30-year fixed loans rises to 4.74 percentU.S. home sales: 2010 was weakest year since 19972010 was 2nd-worst year for home construction in half-centuryHome sales: Southern California median price flat in DecemberRent increases on the way, analysts sayMortgage rates: Average on 30-year fixed home loan dips to 4.71%
Call me today and let's talk about how this effects you and your real estate needs today.
Call 408 399 1495
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
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