Monday, January 12, 2015

Villages Golf and Country Club San Jose Market Update Dec 2014

Villages San Jose homes for sale
The trend for sales in the Villages San Jose is definitely up. This seems to be particularly true for the homes that do not have any stairs to enter, either up or down. These homes are generally selling in a week or less. Last month's average days on market was 30, as compared to 79 for Oct and Nov. and 10 in September. The reason for this increased days on market over Sept and lower average sale price than in previous months is that 4 of the 5 condo sales were Cribari units that have always taken longer to sell. The fact that 4 of these smaller units with stairs closed in the last month shows that even the less popular models are selling in this brisk market.
It will be interesting to see how this plays out over the next year as there are more people reaching the age of 55 and who are looking to live in a home with less maintenance than most of the homes in the Silicon Valley.
Right now there are condos on the market ranging in price from $310,000 to $745,000. The average days on market for 5 of the homes, excluding the always less popular condo in Cribari is 20. The Cribari unit days on market is 159. 20 days for average is as low as it has ever been in The Villages. I expect excellent appreciation in this development in 2015.
If you would like to see the current inventory of condos for sale in The Villages of San Jose click here.  If you would like to see the current inventory of single family homes for sale in The Villages of San Jose click here.
If you have any questions about buying or selling a home in The Villages Golf and Country Club please feel free to contact me.
Marcy Moyer
Cal BRE 01191194
650-619-9285

Silicon Valley Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.
Housing Inventory SnapshotDecember 28, 2014
 Average List Price for active listingsMedian List Price for active listingsAverage DOM: for active listings/ for sold listings
Alameda County, CA
Single Family under $1M$532,291$499,99067
Single Family over $1M$2,077,599$1,595,000119
Condo/Townhome under $600K$352,212$320,00075
Condo/Townhome over $600K$740,646$723,90073
Contra Costa County, CA
Single Family under $1M$463,073$435,00080
Single Family over $1M$2,338,157$1,798,000137
Condo/Townhome under $600K$308,596$299,99080
Condo/Townhome over $600K$787,302$670,00052
Monterey County, CA
Single Family under $1M$575,442$550,000131  / 13
Single Family over $1M$4,524,983$2,550,000248  / 234
San Benito County, CA
Single Family under $1M$573,206$539,000138  / N/A**
San Mateo County, CA
Single Family under $1M$717,569$699,000108  / 8
Single Family over $1M$5,490,612$4,495,000187  / 3
Santa Clara County, CA
Single Family under $1M$669,688$630,000105  / 34
Single Family over $1M$3,503,419$2,125,000165  / 35
Condo/Townhome under $600K$422,297$390,00039  / 3
Santa Cruz County, CA
Single Family under $1M$674,935$695,000130  / 29
Single Family over $1M$2,171,193$1,949,000249  / N/A**

Wednesday, December 3, 2014

How Much Should I offer on Redwood City, Ca Home With Multiple Offers?

Redwood City multiple offers
Anyone trying to buy a home in Redwood City right now knows that it is tough out there. There are many more buyers than sellers and many Redwood City homes sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Redwood City multiple offer situation and not overpay?
The answer is not simple, and sometimes it not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.
But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Redwood City home in a multiple offer situation,
1. In my opinion the most import thing is, how much is this home worth to you? In other words, what price would you offer so so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.
2. How is the asking price of this home compared to market value? If the house is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variable, and the market is a moving target, but a good Redwood City real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.
3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Redwood City listings? Does the agent over value a home to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Redwood City real estate agents like to do.
In the end, the final offer price and terms will be your decision, but if you have a great Redwood City real estate agent he or she can help guide you through the murky waters of Redwood City multiple offers.
If you have any questions about buying or selling a home in Redwood City please feel free to contact me.
If you would like to search for homes in Redwood City click here.

Marcy Moyer
marcy@marcymoyer.com
D.R.E. 01191194
650-619-9285

The Villages Golf and Country Club San Jose Market Report Oct/Nov 2014

 Villages san jose home sales
As you can see from this chart in Oct/Nov of 2014 homes in the Villages San Jose sold for 101.5 to just over 102% of list price on average. There were 17 closed home/condo sales in The Villages Golf and Country Club in San Jose ranging in price from $2800,000 to $683,000. The average days on market was 79 days.

Prices in the Villages San Jose have not yet reached their peak from 2006 but things are picking up. In the same period of 2013 there were 15 Villages of San Jose sales . In Oct/Nov of 2013 the average sale price at The Villages San Jose was $421,893  with an average list price of $421,860. In September of 2014 the average sale price at The Villages San Jose was $458,853 with an average list price of $456,467.
The trend for sales in the Villages San Jose is definitely up. This seems to be particularly true for the homes that do not have any stairs to enter, either up or down. These homes are generally selling in a week or less. Last month's average days on market was 79, as compared to 29 for June through Aug.  and 10 in September. The reason for this increased days on market and lower average sale price than in previous months is that there were several short sales that took a very long time to sell and 6 sales of Cribari units that have always taken longer to sell. The fact that 6 of these smaller units with stairs closed in the last 2 months shows that even the less popular models are selling in this brisk market.
It will be interesting to see how this plays out over the next year as there are more people reaching the age of 55 and who are looking to live in a home with less maintenance than most of the homes in the Silicon Valley.
Right now there are 13 homes on the market ranging in price from $299,000 to $905,000. If you would like to see the current inventory of condos for sale in The Villages of San Jose click here.  If you would like to see the current inventory of single family homes for sale in The Villages of San Jose click here.
If you have any questions about buying or selling a home in The Villages Golf and Country Club please feel free to contact me.
Marcy Moyer
Cal BRE 01191194
650-619-9285

Thursday, November 6, 2014

Bay Area Ca Real Estate Market Snapshop Oct., 2014

   

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory SnapshotOctober 28, 2014
 Average List Price for active listingsMedian List Price for active listingsAverage DOM: for active listings/ for sold listings
Alameda County, CA
Single Family under $1M$570,873$560,00048
Single Family over $1M$1,942,031$1,550,00074
Condo/Townhome under $600K$388,752$389,00048
Condo/Townhome over $600K$721,692$715,88843
Contra Costa County, CA
Single Family under $1M$498,538$449,88859
Single Family over $1M$2,094,229$1,675,00095
Condo/Townhome under $600K$330,442$314,99054
Condo/Townhome over $600K$700,336$689,00040
Monterey County, CA
Single Family under $1M$551,056$499,99082  / 48
Single Family over $1M$3,729,828$2,195,000187  / 4
Condo/Townhome under $600K$400,538$420,00089  / 68
Condo/Townhome over $600K$850,391$795,000111  / N/A**
San Benito County, CA
Single Family under $1M$583,603$550,800101  / 28
San Mateo County, CA
Single Family under $1M$751,608$741,00048  / 17
Single Family over $1M$3,730,166$2,295,00095  / 23
Condo/Townhome under $600K$445,414$459,00037  / 25
Condo/Townhome over $600K$964,966$748,84747  / 22
Santa Clara County, CA
Single Family under $1M$695,133$689,00050  / 30
Single Family over $1M$2,619,347$1,800,00088  / 12
Condo/Townhome under $600K$433,079$439,00050  / 16
Condo/Townhome over $600K$828,312$749,80033  / 16
Santa Cruz County, CA
Single Family under $1M$667,962$699,00069  / 42
Single Family over $1M$2,340,074$1,500,000165  / 36
Condo/Townhome under $600K$424,522$419,00095  / 11
Condo/Townhome over $600K$897,600$790,000180  / N/A**
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Marcy Moyer
Keller Williams Realty Palo Alto
Cal BRE 01191194
650-619-9285

Blossom Valley San Jose Beauty Open House Nov 1/2 1-4


6136 Banner Dr
San Jose, Ca 95123
Blossom Valley San Jose Beauty
Price:$838,000.00
Bedrooms:5
Bathrooms:3.00
Square Foot:2,509
Lot Size:6,222 sq.ft.
County:Santa Clara
Property Type:Single Family
Year Built:1966



click for more information and pictures
Property Description
Welcome to this wonderful, large home in Blossom Valley! 6136 Banner Drive is lovely, quiet street near the Santa Teresa foothills. It features a bedroom and full bath on the first floor, wonderful floor plan, and tons of upgrades. Schools include Glider Elementary (API ), Herman Middle School (API). and Santa Teresa High School (API ) Buyer to verify.
Disclosures are available at www.marcymoyer.com/marcyslistings
Offers if any Thursday November 6 by noon


This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®
Features List
• 5 bedrooms• 3 baths• Downstairs bed/bath
• Refinished floor• Fresh interior paint• New landscaping
• New quartz counter• new cook top• New disposal
• Central heat• Central air• Attached 2 car garag
• 2,509 sq feet• 6,222 sq ft lot• Separate family room
• Separate Dining room• Pantry• Inside laundry
• Double paned windows
Equal Housing Opportunity.