Posted on 08 October 2008 by gracekeng
Posted on 08 September 2008 by gracekeng
Today I received a call from a home owner, he said “ I want to sell my north Sunnyvale home and move to the south
I told him:” The homes from more desirable areas go up faster in good times and go down slower in bad times. On the other end. The areas are not so desirable,they go up slower in good times and go down faster in bad times. No matter what tomorrow holds the gap in prices will
Today I received a call from a home owner, he said “ I want to sell my north Sunnyvale home and move to the south part of
I told him:”The homes from more desirable areas go up faster in good times and go down slower in bad times. On the other end. The areas are not so desirable,they go up slower in good times and go down faster in bad times. No matter what tomorrow holds the gap in prices will
always continue to grow. Since you still own your home. You may use that value to buy in the best neighborhood that you can afford. If you have a reasonable down payment, you can still buy in a good neighborhood, but maybe not the one you really want. I think that you could move into Cumberland Elementary or Cherry Chase elementary areas. Those neighborhoods offer the best of the
Posted on 05 September 2008 by gracekeng
There is an article of “But even real estate in the best Zip Codes are spending longer on the market than in 2007″ from the businessweek.com. The author said that “Houses in Sunnyvale, Calif., home to companies such as Juniper Network (JNPR), AMD (AMD), and Yahoo! (YHOO), are typically on the market for 66 days, making it the fastest selling real estate market in the country. That’s the good news. The bad news is that listings a year ago in the affluent
I know the single family home takes less then 66 days to close, so I did a
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Date on market |
Closed sales |
Current Inventory |
Median sold Price |
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Aug 2007 |
20 days |
58 |
127 |
$925,000 |
|
Aug 2008 |
37 days |
52 |
156 |
$860,000 |
|
Difference |
+188% |
-10% |
+122% |
-7% |
It takes us that it takes a lot longer then last year to sell a home. It has less homes did get sold. The inventory increased 22% and median sold price dropped 7%. The real estate market source is from www.reil.com
Posted on 31 August 2008 by gracekeng
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THE VALUE IS THE LAND, especially in
The good news: Silicon Valley, particularly in places like
Rodoni says: “In many areas, it’s a declining market, but in
So what should Realtors tell buyers?
Rodoni says despite the rise in interest rates, “we still have the lowest rates in the last 30 years. … We have lost investors and 30 percent of buyers because they can’t get loans. Tell your clients it doesn’t matter what the interest rate is, the key is to get you a loan, get qualified and approved, then we can look for competitive rates and there are still many out there that are low and reasonable.”
She says tell homeowners, “Give it time, where it took three to four years to see appreciation (in homes), it will now take five to seven years. Land here only gets more valuable. … The trick is to hold on in the bad times. We always will have multiple offers here because of location, zip code, school districts and lifestyle.” “Watch the seller’s ego,” Rodoni advises Realtors. “You need to keep it a competition and not a negotiation market, where buyers come in and know there is value and have strong positive emotions about the area. Discounting is bad in these high end properties. Discounting does not do anything for the seller. The key is the entry price. Don’t set prices above the entry point.”
Rodoni stresses, “We have got to get buyers back in, but they won’t if we continue to discount prices. When do you discount it enough? You don’t want to go there. Land is an asset that has strategy and location.” The source is from www.silvar.org
Posted on 24 August 2008 by gracekeng
Two
Yes! There are two Cupertino Rancho homes both are located at the same street
The 10415 Wunderlich past owner applied the building permit and approved by city of
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Cupetino |
inside |
bd/ba |
lot |
COE date |
Sold price |
|
|
|
814 sf 814 sf |
2bd/1 ba 2bd/1 ba |
4947sf 4947sf |
7/28/08 7/28/08 |
$625,000 $680,000 |
REO |
Posted on 17 August 2008 by gracekeng
is the good time to look at the top two quarters of 2008 Silicon Valley (Santa Clara Valley) real estate market which includes the following city: Campbell, Cupertino, Gilroy, Los Altos,Los Altos Hills, Los Gatos, Los Gatos Mtns, Milpitas, Monte Sereno, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga,
Sunnyvale.
We know the real estate market is changing. Let us look at the number of inventory vs closed sales which is the 2nd and 3rd columns:
1). At the 1st quarter of 2007 60%of the homes sold in 47 days on market in and median sales price was $780K.
2). At the 2nd quarter of 2008 only 42% homes has sold in average day for 48 days and the median sold price is $750K.
When we combined the both information we know that the sale ability rate has dropped for 18% and the price dropped for 5%. If you are the sellers of those cities, your home needs to be in good condition and priced aggressive to be at the 42% homes that can be sold.
Single Family Residential
Years New Listings Current Inventory Closed Sales Average DOM Average CDOM Average Sales Price Median Sales Price
2007-Q1 4402 3137 2133 47 64 1,002,671 780,000
2007-Q2 5736 4163 2797 35 47 1,090,218 865,000
2007-Q3 5318 4562 2155 37 50 1,065,137 850,000
2007-Q4 3768 3895 1557 46 61 1,035,274 842,000
2008-Q1 5264 5162 1342 55 78 994,206 780,000
2008-Q2 6053 5706 2423 48 71 954,229 750,000
Summary 30541 26625 12407 43 60 1,026,994
Posted on 17 July 2008 by gracekeng
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
There are many other bank owned listings in the surrounding areas such as
There is another bank owned property in this area. It is a 3 years old
Posted on 03 July 2008 by gracekeng
# 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
Willow Glen 277 67 210 24% 9 20
Blossom Vy 385 90 295 23% 38 103
Almaden Vy 141 34 107 24% 2 9
Cambrian 261 59 202 23% 12 47
Mt View 92 35 57 38% 0 2
LA Hills 87 23 64 26% 1 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:
The top of short sales listings are located at the 5 areas of San Jose Alum Rock, South San Jose, Evergreen,
Posted on 28 June 2008 by gracekeng
I found a 3 bedrooms 2 baths home for 1203 sqft home with lot 5978 sqft at901 Gerard way
If you jump the conclusion that the
If you jump the conclusion that the
The real estate market really depends on the location of the homes. Some area the prices went up and some area value goes down significantly. You may wonder how come some homes price can goes up and the other goes down.
This Cupertino homes is at the best Cupertino schools area ( Monta Vista High ). The homes at the better neighborhood preserved the value.
1st Time home buyer advices buyer advice Real Estate bits & pieces Seller advice Silicon Valley Real Estate MarketPosted on 20 May 2008 by gracekeng
I found an interesting article of the -Top 10 recession proof cities from the forbes.com . The City of
1). The unemployment data supplied by the U.S. Bureau of Labor Statistics for the year ending in February 2008 to see which areas are most adding or subtracting jobs. Next, we looked at the BLS data on job growth in non-farm payrolls, through February 2008.
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
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I don’t know how the editor found the the
www.reil.com today. It shows the
1st Time home buyer advices buyer advice Cupertino Real Estate Real Estate bits & pieces REO homes Silicon Valley Real Estate Market