What is the current San Jose Ca Real Estate market? If we compare from May 2008  to May 2009, you will find some interesting changes:

1). Home inventory reduced from from last year’s 3853 to this year 2397.  The numbers of sold homes has increased from last year 438 to 580 this year.

2.) The average San Jose homes sales price is lower.  This May sales price is $471,894 vs last May’s ’ $704,153. The median sales of May 2009 is $410,000 which has dropped from last May’s $625,000.

3.) Last May took average 82 days to sell a home however this year will need 92 days to sell a home.

This real estate trend is the same as last month. In the May of 2009 there are 39% less home inventory and 32% more the San Jose homes get sold.  The average San Jose sales price dropped 33% and the San Jose  median price homes dropped 34.4% from last May to this May.  There are more San Jose homes sold this year compared with last year due to home price has dropped about 1/3 of last year.The above data information came from the www.reil.com.

Any home buyers and sellers need a really a good realtor to help the home buyers to buy and sellers to sell. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

What is the current Mountain View Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 56 to this year 86.  The numbers of sold homes is the same from last year 31 to 31 this year.

2.) The average Mountain View homes sales price is lower. This May sales price is $931,506 vs last May’s ’ $1,046,080. The median sales of May 2009 is $890,000 which is dropped from last May’s $975,000.

3.) Last May took average 32 days to sell a home however this year will need 53 days to sell a home.

This real estate trend is the same as last month. In May of 2009 there are ?? more home inventory and ?? less inventory in  the Mountain View market.  The average Mountain View sales price dropped ?? and the Mountain View median price homes dropped ?? from last May to this May.  The above data information came from the www.reil.com.

Any home buyers and sellers need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

This photo is my Los Altos listing - 1456 Ranchita Court Los Altos asking 1.468 Millions and was sold in May 2009. 
 
What is the current Los Altos Calif  Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 78 to this year 124.  The numbers of sold homes has dropped from last year 41 to 22 this year.

2.) The average Los Altos home sales price is lower.  This May sales price is $1,560.373 vs last May’s ’ $1,980.409 The median sales of May 2009 is $1.500,000 which is a drop from last May’s $1,738,888.

3.) Last May took average 27 days to sell a home however this year will need 61 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 58.9% more home inventory and 46.3% less the Los Altos homes get sold.  The average Los Altos sales price dropped 21.2% and the Los Altos median price homes dropped 13.7% from last May to this May.  The above data information came from the www.reil.com.

Any home buyers and sellers  need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover an over all  current real estate market. You can email me GraceKeng1@gmail.com

What is the current Sunnyvale Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:

1). Home inventory reduced from from last year’s 200 to this year 188.  The numbers of sold homes has dropped from last year 68 to 36 this year.

2.) The average homes sales price is lower.  This May sales price is $681,266 vs last May’s ’ $926,252. The median sales of May 2009 is $745,550 which is dropped from last May’s $930,000.

3.) Last May took average 36 days to sell a home however this year will need 51 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 1% less home inventory  and 50% less the Sunnyvale homes get sold.  The average Sunnyvale sales price dropped 26% and the Sunnyvale  median price homes dropped 19.8 from last May to this May.  The above data information came from the www.reil.com.

Any home buyers and sellers need  a  good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

What is the current Cupertino Ca Real Estate market? If we compare from May 2008  to May 2009 which has shown some interesting changes:

1). Home inventory rose up from this year from last year’s  81 to this year 127.  The numbers of sold homes has dropped from last year 46 to 31 this year.

2.) The average Cupertino homes sales price is lower.  This May sales  price is $1,112,518 vs last May’s ’ $1,299,204. The median sales of May 2009 is $1.062,000 which is dropped from last May’s $1,250,000.

3.) Last May took average 27 days to sell a home however this year will need 61 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 70% more home inventory  and 30% less the Cupertino homes get sold.  The average Cupertino sales price dropped 13% and the Cupertino  median price homes dropped 16% from last May to this May.  The above data information came from the www.reil.com.

Any home buyers and sellers really a good realtor to help the home buyers to buy and sellers to sell. If you or someone you know is thinking of buying or selling property in Santa Clara County ( Sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

If you purchased a home in 2005 to 2008, and the value has wen donw. You may be eligible for a property tax reassessment under California’s proposition 8 which is a decline in value reassesment. The Chicago Title’s new website, www.CTCProp8.com is a comprehensive souce for Proposition 8 information and forms. It has the following features:

1. Direct links to the County Assessor’s office

2. Direct links to County Reassessment Eligibility Informaiton

3. Direct links to County Reassessment Application Forms

4. Direct link to a Guide to Proposition 8 in the pdf format for informaiotn and rapid reference. I visit it today to figure out how the prop 8 in Santa Clara County works.

This year you will see taxpayers and municipalities across the country facing off over the issue of capping property taxes. The above photo is credit to  http://trends.move.com/property-tax-caps-considered-nationwide/

Really? Uncle Sam helps First-Time Homebuyers to buy home!

The U.S. Housing and Urban Development Secretary Shaun Donovan on May 29 announced the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration’s new $8,000 first-time homebuyer tax credit toward the purchase costs of an FHA-insured home. He said this action will help stabilize the nation’s housing market by stimulating home sales across the country. The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit up to $8,000 for purchasing their first home. Families can access this credit after filing their tax returns with the IRS. The new announcement detailed FHA’s rules allowing state Housing Finance Agencies and certain non-profits to “monetize” up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate. You may visit the HUD web site to learn this new rule.Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent down payment on the purchase of their home. Now the lenders can use the tax credit as additional down payment, or closing costs, which can buy down the interest rate. In addition to the borrower’s own cash investment, FHA allows parents, employers and other governmental entities to contribute towards the down payment. This action permits the first-time homebuyer’s anticipated tax credit under the Recovery Act to be applied toward the family’s home purchase right away. The Administration’s homebuyer tax credit is estimated to stimulate 160,000 home sales across the nation -101,000 of will be first-time buyers to receive the credit. .Homebuyers should beware of mortgage scams and carefully compare benefits and costs when seeking out tax credit monetization services. For every FHA borrower who is assisted through the tax credit program, FHA will collect the name and employer identification number of the organization providing the service as well as associated fees and charges. FHA will use this information to track the business closely and will refer any questionable practices to the appropriate regulatory agencies, as necessary. This news source came from the SILVAR (Silicon Valley Association Realtors) Friday Fact.
If you or someone you know is thinking of buying or selling property in Santa Clara County ( sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California please contact Grace Keng, REALTOR® at 408 799-8887

I follow the Santa Clara County ( Silicon Valley) Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The homes inventory goes down from last year 6043 to this year 4919. The sold homes increased from 653 last April to 914. The average price dropped from last year  $986,374  to $597,877 this year. The median price of Santa Clara county homes has dropped from $768,000to $470,500.
3.) It takes average 49 days last year to sell but this year is 61 days.
With all the numbers that show this month we have almost 10% less inventory of homes for sale and the number of the homes sold increased. The both average and median price for homes dropped about 33% from last April to this April. The price dropped due to much more lower end homes such as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com

If you are planning to buy or sell homes in Silicon Valley (Santa Clara County ) which could be the cities like sunnyvale, Cupertino, Saratoga, Moutain View, San jose..,  please contact Grace Keng, REALTOR®. , I offer a free 45 min. consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com

Santa Clara Calfornia Single Family Homes MarketAn overview of

1.) The homes inventory rose to 143 this year from last year’s 128.The sold homes are grow from 12 last April to 11 this year.2.) The average price of

3.) It takes average 115 days to sell a

With all the numbers that show this month we have almost 10% more homes at the

www.reil.com  If you are planning to buy or sell homes, I offer a free consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com

Mountain View Calfornia Single Family Homes MarketAn overview of

1.) The homes inventory rose to 101 this year from last year’s 55.The sold homes are grow from 15 last April to 20 this year.2.) The average price of

3.) It takes average 52 days to sell a Mountain View home, but last April was 29 days.

With all the numbers that show this month we have almost double the Mountain View homes for sale and about 5 more homes actually sold. The average and median price for

www.reil.com  If you are planning to buy or sell homes, I offer a free consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com

If you or someone you know is thinking of buying or selling property at or near Mountain View, California please contact Grace Keng, REALTOR®.

Contact Grace at 408-733-8887 or by e-mail at GraceKeng1@gmail.com.