4 bedrooms/3 bathrooms of luxury in a 2475 square foot house in the beautiful Jackson Hills area of Morgan Hill! The lot is just under 9,200 square feet, backing up to an easement which protects the majestic old valley oak trees.
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Fall in love: roomy 1940 Spanish home in the historical Alameda-Rose Garden-Santa Clara University area. One year ago, this house was a mess. See the upgrades and repairs that were done, including the basement workshop, 200 amp electrical service, interior/exterior paint, and landscaping. See the old features, including the milk door, in-wall ironing board, phone alcove, ceiling soffit, archways, etc.
This house is centrally located to Santa Clara University, the YMCA, Rose Garden, San Jose Airport, shopping, restaurants, etc.
This manufactured home is in Cape Cod Village, a wonderful, quiet, five star senior park in Sunnyvale, CA, right in the heart of Silicon Valley. One person must be 55+. It is not far from major highways, and the bus route on Mathilda.
The home is freshly painted, home and pest inspections have been completed, repairs have been made, and, with its newer updated kitchen, is ready to move into. Check out the pool, spa, and community areas. Buyer needs to be approved by the park.
Walk into a roomy remodeled home in the convenient Cambrian-Almaden Valley neighborhood of San Jose, just off Meridian Avenue. This fabulous home was enlarged and remodeled in 2005, giving it the warmth and space for entertaining.
This is the perfect 1 bedroom condo for the Silicon Valley professional, or perhaps even for corporate travelers’ housing, situated nearer the back of the complex, off the busy street, conveniently near the pool. It has been carefully painted, and is in immaculate condition.
Beautifully remodeled home in the Branham Terrace neighborhood of San Jose. Hardwood floors are through out with tile in the kitchen, crown molding, upgraded energy-efficient lighting, quartz counter tops, and much more!
This beautiful property is a condo in the San Jose, California senior community, The Villages. It has upgraded wood floors, and a master bath remodel to dream about.
NICE house with the privacy of no neighbors in the rear! Curb appeal, back yard of fruit trees and grapes, new stove, and new driveway and porch in 2009, are just some of the features.
The federal first-time home buyer tax credit expired on April 30th, and the data from May is now out! The verdict: Well, there was a slight dip in pended sales in Santa Clara county from 2,008 houses, townhouses and condos in April to 1,887 in May. But with 3,732 homes on the market, that’s still just 2 months of inventory countywide (based on pended sales). In April it was 1.8 months. If we go by closed sales it was 2.9 months and 2.3 months, respectively.
Translation: Houses are still selling, not because of any tax credit incentives (although we won’t refuse those!) but because the fundamentals are in place for a housing market recovery, which historically speaking, precedes broader economic recoveries. So we’re feeling pretty optimistic. Oh, and did we mention interest rates have hit a low for the year? The average 30-year fixed rate, minus points and fees, was 4.79% as of June 4th according to the California Association of REALTORS®.
For further encouragement, check out this median price graph followed by our vital stats below!
Vital Signs: (Santa Clara County houses, townhouses, and condos, as of May 2010)
Total Active Listings: 3,732
Average asking price of unsold homes: $963,000
Average sales price of sold homes: $672,000
Average percentage of original asking price obtained by successful sellers: 98%
Average number of cumulative days on market: 51
Closed sales, year-to-date: 5,945
Listings expired during May 2010: 133
Average 1-year appreciation: 17.5%
Months of supply by the end of May, based on closed sales: 2.3 (sellers’ market)
Average 30-year fixed interest rate as of June 4, 2010: 4.79%, fees not included
Snapshots, May 2010
Top 3 sellers’ markets in Santa Clara County by zip code:
1. 95129 (San Jose-West/Lynbrook), 0.9 months of inventory
2. 95122 (San Jose-East/Hillview), 1.0
3. 94089 (Sunnyvale-North of 101), 1.1
Top 3 buyers’ markets:
1. 95030 (Los Gatos/Monte Sereno), 6.7
2. 95046 (San Martin), 5.8
3. 94022 (Los Altos/Los Altos Hills-North), 5.7
3 most expensive zip codes in Santa Clara County:
1. 94301 (Palo Alto-Downtown), median price $1,748,000
2. 95030 (Los Gatos/Monte Sereno), $1,680,000
3. 94022 (Los Altos/Los Altos Hills-North), $1,600,000
3 least expensive zip codes in Santa Clara County:
1. 95122 (San Jose-East/Hillview), median price $270,000
2. 95116 (San Jose-East/Central), $277,000
3. 95110 (San Jose-Central), $292,000