Friday, November 28, 2014

Requirements for Sunnyvale Bathroom Remodel


The City of Sunnyvale requires a permit if a bathroom remodel includes any of the following:
  • replacement of the tub/shower enclosure,
  • relocation of plumbing fixtures or cabinets
  • installation of additional plumbing fixtures
 
A permit is NOT required for replacement of plumbing fixtures (sink or toilet) in the SAME location.
 
If a permit is required, it shall be obtained prior to the start of the remodel.
For more information, click on the hyperlink here --> Sunnyvale Residential Bathroom Remodel Building Permit Requirements
 

FULL October/November 2014 Real Estate Report for Santa Clara County

For the FULL report click here --> Full November 2014 Real Estate Report for Santa Clara County

If that hyperlink doesn't work, then enter this URL in your browser --> https://siliconvalleyhouses.files.wordpress.com/2014/11/nov-2014-real-estate-report.pdf

Thursday, November 27, 2014

Highlights of October/November 2014 Real Estate Report - Santa Clara County

Quantitative Easing and Mortgage Rates

The Federal Reserve has ended quantitative easing, again. What does that mean for mortgage rates?
For the moment, nothing. The Fed isn't expected to raise short term interest rates until the middle of next year.
Also, the Fed has a very limited ability to affect long-term interest rates.
Plus, the dollar reached a four-year high recently. Why? Because the economies of other countries around the world are still moribund and that means money is pouring into the United States keeping interest rates low.
We don't expect that to change for a couple of years.
As we noted last month, the lack of inventory will push prices up. It did.
Last month the median price for single-family, re-sale homes once again hit $875,000, our new post-recession high which was first reached in June.
The average price for homes hit a new all-time high in October.

October Market Statistics (Santa Clara County)

Year-Over-Year
  • Median home prices increased by 19.4% year-over-year to $875,000 from $733,000.
  • The average home sales price rose by 23.1% year-over-year to $1,156,090 from $939,186.
  • Home sales fell by 20.9% year-over-year to 929 from 1,174.
  • Total inventory* fell 42.5% year-over-year to 1,708 from 2,970.
  • Sales price vs. list price ratio rose by 0.4% year-over-year to 103.1% from 102.7%.
Compared To Last Month
  • Median home prices improved by 2.0% to $875,000 from $857,500.
  • The average home sales price rose by 4.2% to $1,156,090 from $1,108,960.
  • Home sales up by 4.5% to 929 from 889.
  • Total inventory* dropped 13.7% to 1,708 from 1,978.
  • Sales price vs. list price ratio dropped by 0.4% to 103.1% from 103.5%.

Condominium Statistics

Year-Over-Year
  • Median condo prices increased by 27.2% year-over-year to $550,000 from $432,500.
  • The average condo sales price rose by 25.7% year-over-year to $610,266 from $485,444.
  • Condo sales rose by 58.8% year-over-year to 397 from 250.
  • Total inventory* rose 4.9% year-over-year to 615 from 586.
  • Sales price vs. list price ratio fell by 0.1% year-over-year to 102.2% from 102.3%.
* Total inventory is active listings plus contingent or pending listings. Active listings do not include contingent listings.
santa clara county homes sales momentum

trand at glance

Monday, September 29, 2014

Fun Facts about the Santa Clara Unified School District Attendance Boundaries

Fun Facts about the Santa Clara Unified School District Attendance Boundaries


Here are some fun facts about the attendance boundaries in the Santa Clara Unified School District.

As expected, the major street El Camino Real is a hard boundary between the school attendance boundaries. 

Students on the North side of El Camino Real are assigned to Wilcox High School. 
Students on the South side of El Camino Real are assigned to Santa Clara High School. 


Students who start at the northern tip of Santa Clara at Mayne Elementary will have to travel far to Don Callejon School for Middle School.


Students who start off in Montague Elementary will have to travel far to Buchser Middle School when they reach middle school age.

Students who go to Cabrillo Middle School will get assigned to either Wilcox High or Santa Clara High depending on which elementary school they went to.

Briarwood Elementary and Bower Elementary will go to Cabrillo Middle then Wilcox High.
Pomeroy Elementary will go to Cabrillo Middle then Santa Clara High.

Millikin Basics+ Elementary School moved from Central Park Elementary to Mariposa School

Millikin Basics+ Elementary School moved from Central Park Elementary to Mariposa School

The rising number of parents who wished to enroll their children in the Santa Clara Unified School District's Millikin Basics+ Elementary School prompted the school’s move away from its former site at Central Park Elementary on Sonoma Place (just north of Central Park) to a bigger campus at the former site of Mariposa School on Hobart Terrace on the West side of Mariposa Gardens in 2013.

Due to an unexpected population drop and unused capacity in neighboring schools, Central Park Elementary was closed in 2012.

After updating the former Mariposa school site, the Millikin Basics + program re-opened at the former Mariposa site in 2012-2013.

The new Millikin Basics+ Elementary School was formerly Mariposa School, established in 1956.
Mariposa School later closed due to declining enrollment, and then was rented out to another educational institution before the school district reclaimed it for the site of the new Millikin campus.
While the old Millikin campus held 402 students, the new campus holds 432 students.

Friday, September 12, 2014

City of Los Altos Single-Family Residential DESIGN GUIDELINES for New Homes & Remodels

The City of Los Altos provides a 26 page booklet on Single-Family Residential DESIGN GUIDELINES for New Homes & Remodels on their website.

Los Altos requires a design review for all residential construction.  Most design reviews are performed by Planning Department staff.  However, applications for 2-story construction or unusual architectural designs are heard by the Architectural and Site Control Committee (A&S), a subcommittee of the Planning Commission.

New iPhone App helps attract Customers to your Open House

Tunedra recently unveiled a new iPhone app that helps Agents and Sellers attract Home Buyers to their Open Houses.  The usual real estate text description doesn't really stand out.  To make your home descriptions more memorable, the Tunedra iPhone App allows you to SING the description.  The result is a catchy tune that potential home buyers cannot get out of their mind.

For an example, click this link to musical description of Bertha Taylor Elementary listing.
then click the triangle play button at the lower left corner to play.

To help understand the song:
49ers = The San Francisco 49ers.  On Sundays when the 49ers play, the traffic to open houses drops precipitously.  On Saturdays you have no excuse not to come visit my open house

API = Academic Performance Index (Bertha Taylor is the highest performing elementary school in the Oak Grove School District.  Of course, after listening to this song, that point should be drilled into your head.)