Santa Clara County Median Price for Condos Continues Rising 2018 April

For Santa Clara County, the median price for condos was up 28.9%, year-over-year, to $915,444. This is the second month in a row the median price for condos has set new highs. Notably, the median price for condos has been higher than the year before every month since July of 2011! The median price for single-family, re-sale homes stayed at the high it set in March. The median price for homes rose 22.1% over last April to $1,450,000. The median price for homes has been higher than the year before by double-digits ten months in a row. The average price was up by double-digits for the ninth consecutive month.

This is also the 74th month in a row the median price has been higher than the year before. The average price for homes was up 20.0%, year-over-year, to $1,722,370. The average price for condos was up 24.5% over last April. Multiple offers continue to be the norm. The sales price to list price ratio, or what buyers are paying over what sellers are asking remains at triple digits: 112.4% for homes and 114.8% for condos. The ratio has been over 100% for homes since March 2012 and for condos since April 2012.

Homes and condos are flying off the shelf. It is taking only fifteen days to sell a home, on average. Condos are taking nine days. All this is due to an incredible lack of inventory. Since January 2000, Santa Clara County has averaged 94 days of inventory. Last month it was twenty-three. Condos have averaged 87 days since 2000. Last month it was seventeen. As of May 7th, there were 753 homes and 229 condos for sale in Santa Clara County.

OFF-Market, NEW-Looking 4BD 2.5BA ~2300sqft Home for just $850,000 in Morgan Hill

OFF-Market, NEW-Looking 4BD 2.5BA ~2300sqft Home for just $850,000 in  Morgan Hill.
Call Robert Lei (408) 893-2410 for details.

OFF-Market, NEW-Looking 4BD 2.5BA ~2300sqft Home for just $850,000 in  Morgan Hill.
Call Robert Lei (408) 893-2410 for details.






Robert Lei
REALTOR, e-PRO
Century 21 M&M and Associates
(408) 893-2410
BRE # 01716389

A Whopping 44% of Buyers are paying ALL-CASH to buy Palo Alto Homes the past 2 1/2 years

To understand the impact of ALL-CASH buyers, in Palo Alto, for the past 2 1/2 years, the percentage of homes that were bought by buyers who paid ALL-CASH is 44% !! This is in Palo Alto, where homes are regularly in the multi-million dollar range.  However, don't despair mortgage buyers.  I've been able to get my buyers deals even though we need to get a mortgage.

KHovanian Homes For Sale at Traverse in San Jose

KHovanian Homes for Sale at Traverse (2150 Trade Zone Blvd, San Jose, CA)

Journey Model Homes priced $894,990-$1,069,990

Voyage Model Homes priced $915,922-$1,156,363

Voyage Non-Model Homes priced $839,800-$1,002,300

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.

Trumark Homes' Velocity at Pace in Milpitas Offers 6 Very Different Floorplans

Unlike some other new communities whose floor-plans are all very similar to each other with only minimal tweaks, Trumark Homes' Velocity at Pace in Milpitas offers 6 very different floor-plans. 

Click here to see the brochure.

Page 1 lists the Features and Amenities.  Pages 3-8 show the six floor-plans (which they call "residences"). 

Plans 1, 2, and 5 have tandem garages.
Plans 3, 4, and 6 have side-by-side garages.

Plans 1 and 2 are more squarish.
Plans 3-6 are more rectangular.

Plan 2 has the master and the 2nd bedroom open right next to each other in case you are a parent who wants to keep close tabs on your kids.

Plan 6 has only two levels, which is great for people who are tired of seeing tri-level new homes.  Aside from the garage and office and bathroom on the 1st floor, the remaining common rooms (kitchen, dining, living) and bedrooms/bathrooms (master, 2nd) are all on the 2nd floor, which minimizes the occupants' climbing and descending of stairs.

Comparison of Homes with CUPERTINO SCHOOLS (2/12/14)

Comparison of Homes with CUPERTINO SCHOOLS

Posted under: Home Buying in Cupertino, Home Selling in Cupertino, Property Q&A in Cupertino  |  February 12, 2014 11:57 PM  |  1 view  |  No comments

The spreadsheet below lists a Comparison of Homes with CUPERTINO SCHOOLS.

The two homes in green (467 Norwood Circle and 526 Wagman Drive) have the best value from a Price/SqFt perspective. 

467 Norwood Circle (at just 7yrs old) also has the best value from the newness perspective.



Full Disclosure: I am the listing agent for 467 Norwood Circle.

Taylor Morrison Pays the Closing Costs of Select Homes if you get into contract Before November 30th and Use the Seller's Approved Lender, Taylor Morrison Home Funding, LLC

Taylor Morrison Pays the Closing Costs of Select Homes if you get into contract Before November 30th and Use the Seller's Approved Lender, Taylor Morrison Home Funding, LLC

Click here to see the details of this offer.

Seller will pay all applicable Closing Costs at Closing, excluding discount points or pre-paids if qualified buyer uses the Seller's Approved Lender, Taylor Morrison Home Funding, LLC.

Westbury in San Jose: Final Phase Now Selling

The Final Phase of Westbury in San Jose is now selling. These are brand new two-story single-family homes with a yard in San Jose. Builder: Brookfield Residential Complex Name: Westbury Location: San Jose (Blossom Hill Rd @ Cahalan ) Single-Family Two-Story 1,660 - 2,159 Sq. Ft. 3 or 4 Bedrooms Fenced Backyards Walk to Light Rail Pricing from $770,880.

Included Features with 37 Degrees New Sunnyvale Homes

Included Features with 37 Degrees New Sunnyvale Homes


Posted under: Home Selling in Sunnyvale, Property Q&A in Sunnyvale
June 16, 2012 12:21 PM

The 37 Degrees New Sunnyvale Homes will have many nice features included in the price. Click for a Full List of Included Features with 37 Degrees New Sunnyvale Homes

If you are interested in any of the optional upgrades, e.g. customized floor coverings, etc, let me know. I can help get you something to offset the costs of those upgrades.

Robert Lei (408) 893-2410

Procedure if you are interested in the new Sunnyvale homes 37 Degree North

Procedure if you are interested in the new Sunnyvale homes 37 Degree North


Posted under: Home Buying in Sunnyvale, Home Selling in Sunnyvale, Property Q&A in Sunnyvale
June 17, 2012 8:25 AM

1. Read my other blogs to learn more about 37 Degrees North. Are they in your price range? Will you want upgrades? Is your preferred floor plan in your price range? (Note: I can help you get something to help you out.)



2. If interested, let me know. As stated, if you walk in and register all alone and the SELLER'S agent gets you to sign, you will lose your right to have a BUYER'S agent like me on YOUR side. (I ccan help protect your interests and get some incentive.)



3. We pick a time when we can go in together. We have to do it BEFORE the Reservation Drawing & Priority Registration event this upcoming Saturday, June 23, 2012.



Robert Lei (408) 893-2410

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Map of Cupertino Monta Vista Homes Under $1.1M

A picture tells a thousands words.  Take a loop at this map I put together of Cupertino Monta Vista Homes that sold this year under $1.1M.  Notice how the listings that sold under $1.1M are clustered by the highway, railroad, or busy street.  If you want to buy a Monta Vista home under $1.1M in this market, you have to think about whether you mind living near a highway, railroad, or busy street.

Santa Clara, Sunnyvale, Campbell/Moreland Homes in Good School Districts yet priced below $585k

Many buyers in the South Bay want single-family homes with a good combination of convenient location, good schools, and reasonably low price. With those 3 elements in mind, I've put together a list of Santa Clara, Sunnyvale, Campbell/Moreland Homes with good schools priced below $585,000.

Santa Clara, Sunnyvale, and Campbell are 3 cities that are conveniently located approximately the center of Silicon Valley. These centrally-located cities have easy access to a large variety of high-tech jobs in the valley. Sunnyvale and Santa Clara are the most convenient. If you buy a house in Sunnyvale, you and your spouse will both be able to commute easily whether you work at a software company in Mountain View, a semiconductor company in Sunnyvale/Santa Clara, or a networking company in Milpitas.

As of Sunday January 29th, here are the listings available in Santa Clara, Sunnyvale, and Campbell/Moreland with API over 800 and price below $585,000:

Santa Clara (2 listings)
1746 Oswald Place 95051 <-- Northwest of San Tomas Expwy & El Camino Real
3 bed, 2 bath
1283sf house, 5670sf lot
$533,000
Bowers Elem (API 830)
Juan Cabrillo Middle (API 756)
Adrian Wilcox High (API 777)
Pros: Larger house
Cons: Lower API at a higher price

2344 Augusta Place 95051 <-- Northwest of Monroe St & Bowers Ave
3bed, 2bath
1034sf house, 5500sf lot
$475,000
Bracher Elem (API 894)
Juan Cabrillo Middle (API 756)
Adrian Wilcox High (API 777)
Pros: Higher API at a lower price
Cons: Smaller house


Sunnyvale (2 listings)
836 Dwight Ave 94086 <-- Northeast of N. Fair Oaks Ave & E. Kifer Ave
3bed, 2bath
1176sf house, 5000sf lot
$549,950
Ellis Elementary (API 811)
Sunnyvale Middle (API 843)
Fremont High (API 767)
Pros: 102sf larger than Fair Oaks; 2bath instead of 1bath
Cons: Closer to Home Depot and other commercial/industrial. Farther from El Camino Rea.

433 S. Fair Oaks Ave 94086 <-- South of E. Evelyn Ave. North of Old San Francisco Rd
3bed, 1bath
1078sf house, 5661sf lot
$549,000
Ellis Elementary (API 811)
Sunnyvale Middle (API 843)
Fremont High (API 767)
Pros: In a more residential neighborhood than Dwight. Closer to El Camino Real. Farther from Home Depot and other commercial/industrial.
Cons: Busy street. 102sf smaller than Dwight; 1bath instead of 2bath

Campbell (4 listings)
4874 Bannock Circle 95130 <-- Northeast of Westmont Ave & Quito Rd
3bed, 1bath
1045sf house, 6262sf lot
$585,000
Forest Hill Elementary (API 931)
Rolling Hills Middle (API 909)
Westmont High (API 788)
Pros: Excellent schools for this price range
Cons: Only 1bath. Only 1045sf.

600 West Parr Ave, Los Gatos 95032 <-- North of Hwy85 & S. Winchester Blvd
3bed, 1bath
1277sf house, 9000sf lot
$574,999
Capri Elementary (API 867)
Rolling Hills Middle (API 909)
Westmont High (API 788)
Pros: 232sf larger than Bannock Circle. Big 9000sf lot.
Cons: Only 1bath.

180 Friar Way, Campbell 95008 <-- North of San Tomas Expy & S. Winchester Blvd
3bed, 1bath
1376sf house, 8100sf lot
$535,000
Capri Elementary (API 867)
Campbell Middle (API 737)
Westmont High (API 788)
Pros: 331sf larger than Bannock Circle. Big 8100sf lot.
Cons: Campbell Middle is not as good as Rolling Hills Middle. Only 1bath.

1641 Fruitdale Ave, San Jose 95128 <-- North of Fruitdale College. Between S. Bascom Ave & Meridian Ave
3bed, 2bath
1651sf house, 7744sf lot
$499,000
Sherman Oaks Elementary (API 845)
Monroe Middle (API 778)
Del Mar High (API 720)
Pros: Large house. Large lot. Low price
Cons: Sherman Oaks API 845 not as high as Forest Hill API 931.

Moreland (1 listing)
135 North San Tomas Aquino Rd <-- Between W. Campbell Ave * Hamilton Ave
3bed, 2bath
1247sf house, 6000sf lot
$499,000
Gussie M. Baker Elementary (API 903)
Moreland Middle (API 851)
Prospect High (API 772)
Pros: All 3 schools (Elem, Middle, High) scored higher API than Fruitdale Ave.
Cons: Busy road.

95123 Blossom Hill Rd, Santa Teresa Blvd 4-bedroom homes under $450k

95123 is the Blossom Hill Rd, Santa Teresa Blvd region also known as Blossom Valley. Homes in this neighborhood belong to Oak Grove Elementary District and East Side Union High School District. If you are in the market for a 4-bedroom house in Blossom Valley, then as of this writing, three homes are available under $450,000.

Two of them are REO / bank-owned homes priced near $425k. The third home is even less expensive at just below $400,000 but has been on the market for 116 days probably because it is a fixer upper and had needed court approval for conservatorship granted. However, fortunately, this court approval was granted November 1st.

Sunnyvale Somerset of Sunnyvale by Summerhill Homes in Cumberland, Sunnyvale Middle, Homestead High School District

Somerset of Sunnyvale

"Somerset of Sunnyvale" is a cluster of Single-Family Homes built by Summerhill Homes in Cumberland Elementary, Sunnyvale Middle, and Homestead High School district in the mid 1990s. These homes are a good combination of being relatively new, yet built early enough that they have decent-sized lots and are located in a good neighborhood just south of Washington Park. To get to this community from Washington Park, walk south on Pescadero Terrace or Sunset Ave. The other streets in this community are Markham Terrace, Kearney Terrace, Redondo Terrace, and Pismo Terrace.

Schools

The schools for this community are all highly rated:
Cumberland Elementary
Sunnyvale Middle
Homestead High

Price Trend

The most common models and their price trend are as follows:

Large: 1644 square feet, 4 bedrooms, 2.5 bathrooms
4/16/11 $1,007,900 <-- The recent price this spring was nearly back up to spring 2008 value
9/1/08 $1,000,000
6/28/08 $998,888
5/7/08 $1,009,161

Medium: 1568 square feet, 3 bedrooms, 2.5 bathrooms
5/4/11 $952,000 <-- In less than a year, the price has gone up $30,000
7/30/10 $922,000

Small: 1354 square feet, 3 bedrooms, 2.5 bathrooms
4/15/09 $815,000 <-- April 2009 was the BOTTOM of the recent downturn
5/2/08 $948,000

Sometimes statistics that are too general, such lumping the entire city of Sunnyvale, don't tell the price trend accurately because the median and average price for an entire city might simply describe a change in the mixture of sales between northern and souther Sunnyvale. However, since I am comparing EXACT same model homes in the same complex, my data above gives an accurate picture of the price trend. The bottom of this downturn was in April 2009 and ever since then the price trend has been gradually upward in the Cumberland Elementary/Sunnyvale Middle/Homstead High neighborhoods. Talk to me if you'd like me to analyze your particular neighborhood.

To see other posts is this blog:

Go to SiliconValleyHouses blogspot

94086 Education Level: