There is only one Cupertino bank own/REO homes on the market and two Cupertino REO have sold in pending. This home located 10440 JOHNSON AV, Cupertino 95014. It is only 7 years old, 3 bedrooms and 2 baths and two car garage. It is located at the most affordable area Cupertino Rancho Riconada. This area has the excellent Cupertino schools with Hyde Junior High and Cupertino High School. It has light color hardwood flooring through out with open floor plan. It has high ceilings. The kitchen has nice matching colored cabinets and granite counter tops and island. The master suite comes with his/her sinks, jetted tub, and shower. It does need a special attention. The garage door needs adjustment, missing wall lights. There are many other bank owned listings in the surrounding areas such as Sunnyvale, Santa Clara, San Jose and Campbell. The San Jose has the most bank own and short sales homes available. I have another article about the foreclosure homes you may want to read it.

This Cupertino bank own/REO homeis just on the market for $684,5000. This one is lowest priced 3 bedrooms 1 bath and 1 car garage and it is located at the most affordable area Rancho Ricinconada. This area has the excellent Cupertino schools.

 There are many other bank owned listings in the surrounding areas such as Sunnyvale, Santa Clara, San Jose and Campbell. The San Jose has the most bank own and short sales homes available.

There is another bank owned property in this area. It is a 3 years old Sunnyvale home with 1483 sf and 3 bedrooms and 3 baths for $599,900

Silicon Valley Single Family Inventory Report as July 1^st 2008 by Kathy Gamch – Chicago Title

# listings Pendings #Active %Pending # short pending #active short sale

Evergreen 516 108 408 21% 50 220

Alum Rock 1000 183 817 18% 71 441

Berryessa 377 101 276 27% 45 104

Milpitas 199 52 147 26% 15 52

Santa Clara 274 70 204 26% 15 42

Central SJ 418 76 342 18% 28 93

Willow Glen 277 67 210 24% 9 20

South SJ 557 140 417 25% 54 248

Blossom Vy 385 90 295 23% 38 103

Almaden Vy 141 34 107 24% 2 9

Cambrian 261 59 202 23% 12 47

Campbell 216 56 160 26% 10 18

Los Gatos 197 44 153 22% 1 5

Los Gatos Mt 79 3 76 4% 0 3

Saratoga 145 28 117 19% 1 1

Cupertino 159 55 104 35% 0 1

Sunnyvale 239 82 157 34% 22 35

Mt View 92 35 57 38% 0 2

LA Hills 87 23 64 26% 1 1

Los Altos 47 8 41 16% 0 1

Palo Alto 110 46 64 42% 0 0

The city of Palo Alto has 110 listings of homes for sale, 46 homes are pending, 64 homes are active, 42% of the homes are in pending. We can see the following has the best real estate market: Palo Alto, Mountain View, Cupertino, Sunnyvale.The Berryessa, Milpitas, Campbell, Los Altos Hill and South San Jose is above the same still in the sellers market. The rest of cities as Los Gatos, Mountain is hardest to sell only 4% listings are pending.

The top of short sales listings are located at the 5 areas of San Jose Alum Rock, South San Jose, Evergreen, Blossom Valley, Berryessa, Central S J.

Clutter-free interiors allow potential home buyers to see all of the home can offer — resulting in a shorter sales and a higher selling price. The fewer items there are in a home, the easier it is for a home shopper to visualize the space of their own.  I pick up some good declutter tips from the PODS. Over 80 % real estate agents agree with de-clutter homes helps the sells but only 30% of the listing agents were actually de-clutter their listings.  Some sellers are serious about selling you should go over with your home to de-clutter them.

Offer these easy decluttering tips to home owners:

1. If an item hasn’t been used in three months, box it up and take it offsite.

2. Limit items in closets and drawers to make them seem more spacious.

3. Remove excess and or worn furniture to create more room. The old files, books and memorabilia should be stored away from the house. You could rent the a mini storage to store them.

4. Remove excess and or worn furniture to create more room.

5. Pack away off-season clothes. Buyers value storage. Don’t just stash items in the basement or the garage - take them offsite.

6. Remove excess items from decks, driveways and the yard, including kids toys and pool supplies

7. Park away additonal car or cars you don’t drive often.

Don’t foget to maintain the de-cluttered home during the home is on the market to sell.

 I found an interesting article of the -Top 10 recession proof cities from the forbes.com . The City of

        2). The median home price data from the National Association of Realtors—from the fourth quarter of 2006 to the fourth quarter of 2007–to see which areas posted the largest annual gains. Our data don’t account for the impact of declining sales in the first several months of this year.

         3).The numbers were adjusted using data from a November 2007 report, “U.S. Metro Economies: The Mortgage Crisis,” by the U.S. Conference of Mayors. It lists each city’s estimated gross metropolitan product growth by projecting how rising foreclosures and falling home prices would affect overall levels of productivity in local economies

“And in the

     I don’t know how the editor found the the

www.reil.com today. It shows the

Lynbrook High schools area real estate is still in demend.

The rating of this school is 10 out 10 from the greatschools.net.

It shows a  lot of detailing. The back yard is kind of small. The lowest single family home is located at

My client asked me yesterday that “How can I  take advantage of real estate down turn market of 2008?”

1). Move up to another home:

If you cannot win the over bid  to buy a home at year 2005 or 2007, Don’t worry! Now is your time to move up  to a home with  better schools and or also larger.

2). Buy a mutiple units:

Use the renter’s rent to pay your mortgage. Find one can break even on monthly mortgage. For example: there is a duplex in Sunnyvale 380 Morse Ave Sunnyvale asking for $630K.  It has 3 bedrooms 2 baths in the front and 2 bedrooms 2 baths in the back.It is in a fair condition and it is on a quiet  tree lined street. The buyer can live in one and rent the others. If you can put down $160,000 down payment $470K as loan for 6.125% 30 yrs fix. The monthly payment will be $2892. The back unit could rented for $1500.00 then your own monthly payment will $1392. Don’t forget to check current mortgage with your own lender. Last week I heard this home is pending.

3). Refiance your current jumbo loan:

The new Jumbo conforming is rasied up to $729,000 and last week we can get a jumbo confirming for 6.125% 30 years fix with 0 point.

            The 1^st quarter of 2008 Cupertino reported 52 closed Single-Family Homes sales receiving 100.34 % of list price. These closings represented a median price of $1,185,000  and an average price of $1,271,490. There were 124 new listings on the market and current inventory is 65 homes for sale. t takes an average of 35 Days for a Cupertino Single-Family Homes on Market (DOM) and 45 Cumulative Days on Market (CDOM). The data is provided from Grace Keng of RE/MAX RES is a member of REInfoLink, (Santa Clara County Multiple Listing Service which maintains real estate transactions statistics of northern

               Cupertino Condo/Townhouses had 18 closed sales receiving 98.98% of list price! These closings represented a median price of $665.000 and an average price of $735.955. There were 39 new listings for the1st quarter of 2008 and the current inventory is 18 homes for sale.The

              Santa Clara County Condo/Townhouses had 495 closed sales receiving 98.19% of list price! These closings represented a median price of $547,624. There were 1845  new listings and it takes 60 days on the market to sell. It shows the real estate market is still very strong at the good schools areas like Cupertino, Santa Clara, Saratoga and

There is a saying that “Fail to Prepare: Prepare to Fail”  is #1 rule for the job interviewer. It is exactly same true for home sellers. It is time to sell the homes. It is the show time!It is time for the seller , real estate agent and or home stager  works together to prepare it to be SOLD! Please show the best side of your home. From the study of

I like the article of the best staging tips  from Staging Rants & Ravings for example:

1. START WITH THE  ENTRANCE – No matter you are on a job interview, or going to the first date or selling your home… first impressions matter.  So clean it up, touch up the paint, add plants and flowers… in general, make the buyer feel welcome. Here’s HGTV’s TIP#1 entitled: Make An Entrance.
   
2. CLEAR OUT ALL CLUTTER - Look at the counter tops, cabinets, closets, garages, basements, and attics as storage spaces. So clear it out. Here’s HGTV’s TIP#2 entitled: Conquer Clutter.
   
3. LESS FURNITURE IS EQUAL TO BIGGER HOUSE - A room full of furniture can feel as cluttered as an accountants desk top during tax season. Clearing the furniture could free up a lot of room you have not noticed. Here’s HGTV’s TIP #3 entitled: Less is More.

The staged homes sells faster, increases the net value, more buyers will like it and increase the possiblity of seller to receive the mutiple bids offers. From the HomeGain report of the Home Sell Maximum Guide 2008 the top three areas to improve are: Lighten & Brighten, De-Clutter, and the Landscape front and backyard. If you are in the market to sell home, please insist on preparing 1st before you put your for sale sign.

Comment posted by Real Estate Blocks » Blog Archive » What Is The #1 Mistake Sellers Make? Part 2
at 3/25/2008 9:28:51 PM

[…] PREPARATION of a home for sale brings in buyers. Grace Keng has an excellent post on what home sellers need to do to prepare their home for sale.  The links […]

Comment posted by val
at 3/25/2008 9:14:35 PM

I agree completely. Staging a home is so important, especially the front door. Sellers should as a matter of routine in selling repaint the front door, and add color as needed to draw attention to the entrance. This is a wonderfully well done post, with excellent links.

Lynbrook High school has been one of the popular Cupertino High School. The API test score is 911 out of 1000 from the recently API test score. The school boundary is in between De Anza, Lawrence Express and Bollinger Rd , Cox in West San Jose with the zip code 95129

Now there are only 7 single homes available for sale from price $998K to $1,499K. The lowest price 2 homes both at Bollinger Rd. There are a couple homes opened this weekend.

1. 870 Forest Ridge Dr San Jose $1,499,000

2. 1430 Glenmoor Wy San Jose $1.498,000

3. 6221 Tracel Dr. San Jose 4/3 $1,299,888

4. 1307 Alderbrook Ln San Jose 4/2 $1,188,000

5. 5474 Castle Manor Dr San Jose 4/2 $1,160,000

6. 6556 Bollinger Rd San Jose 4/2 $1,049,000

7. 6590 Bollinger Rd San Jose 4/2 $988,000

     There are 3 townhouses or condos from price $370K (1 bedroom, 1 bath) to $480,000 (3 bedrooms, 2.5 baths).

1) 7150 Rainbow Dr #8 San Jose 2/1 $488,000

2). 1549 Brookvale Dr #4 San Jose, 2/1 $410,000

3). 6942 Chantel Ct San Jose 1/1 $370,000

There are just not many homes for sale in this area so it is very demanding no matter what.

The Lynbrook High School in San Jose homes are on the high end of the 500 single family homes for sale priced from $3.5 Millions to $350,000.

Comment posted by Carol Shields
at 2/23/2008 12:01:09 AM

Hi Grace! Thank you for your comment - I hope to become as educated as you on the blogging! You are an amazing agent - I have enjoyed reading your blogs! Glad you have joined the WCR group too - hope we can meet soon. All the Best! ~Carol