Silicon Valley Real Estate World

HOT SF NEW DEV- ONE HAWTHORNE PLACE

2010-01-06T09:22:00.000-08:00

One Hawthorne

One Hawthorne is a 165-unit building developed by Jackson Pacific and MacFarlane Partners. This residential tower, located in a prime downtown San Francisco location, will include an unusually diverse selection of floor plates ranging from 550-square-foot "junior one bed-room" units to 2,200-square-foot three-bedroom condos. An on-site fitness center with cooling terrace and 4,000 square foot roof terrace, doorman and concierge services, are among some of the many amenities.

Located in the heart of downtown, One Hawthorne puts the very best of San Francisco right outside your door. As illustrated by WalkScore.com, this new residence is a "Walkers Paradise" with a score of 97 out of 100 for walkability and convenience to abundant shopping, world-class dining, cultural events and nightlife. The convenient downtown location connects you to major local and regional transportation assuring an easy commute to virtually anywhere in the Bay Area. Everything you want or need is just minutes away. (info from ClimbSF)

WE HAVE THE INSIDE SCOOP! Floorplans, pre-sale prices, etc..

Contact me to find out how you can get in early before the building opens up to the public! christine@bpgroupsv.com

408-396-0770

How's the market doing Christine?

2009-06-06T16:52:00.001-07:00

I found a very accurate depiction of our current market situation here in the bay. It was outlined out very well in an article in this April of 2009 Richmond Times-Dispatch's Metro Business section by Andrew Little (with John B. Levy & Co.):--exchange the city Richmond for Silicon Valley--:) Different coasts, same issues~Thanks @rvabusiness

"Buyers, like lenders, are nervous and skittish and not able to get a feel for what the long run looks like. Sales brokers across the country report large institutional sellers making strategic decisions to prune their portfolios or exit a market at fire-sale prices, only to find their lowered price expectations are not met.

In Richmond, long-term owners are wading into the market in hopes of shedding a piece of their portfolio at a price that only a year ago would have seemed unimaginably low. While it will be up to the buyers to determine if the sale prices are reasonable, getting buyers off the fence is difficult today. It seems as if all buyers are waiting for some longer-term sign to emerge that could help them make an investment decision."

From DQnews.com: Bay Area Home Sales Rise

2009-06-02T14:14:00.001-07:00

Bay Area home sales rise again; median price up slightly over March

May 21, 2009

La Jolla, CA.----Bay Area home sales posted a year-over-year gain for the eighth consecutive month in April, with robust sales in lower-cost inland areas once again compensating for anemic sales on the coast. The median price paid, which is down 41.3 percent from a year ago, edged slightly above the prior month for the first time since fall 2007, a real estate information service reported.

A total of 7,139 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was up 12.9 percent from 6,325 in March and up 13.1 percent from 6,310 in April 2008, according to MDA DataQuick of San Diego.

Last month’s sales were the second-lowest for an April since 1995 and were 23.2 percent below the average April sales total back to 1988, when DataQuick’s statistics begin.

Foreclosure resales – homes sold in April that had been foreclosed on in the prior 12 months – accounted for 47.4 percent of Bay Area resales. That was down from 50.2 percent in March and 52.0 percent in February. Last month’s figure was the lowest since foreclosure resales were 46.8 percent of existing home sales last November.

A lower concentration of discounted foreclosure resales in the statistics is one reason the median sale price has recently begun to more or less flatten, or at least erode more slowly, in many markets.

The median price paid for all new and resale Bay Area houses and condos combined was $304,000 last month. That was up 4.8 percent from $290,000 in March but down 41.3 percent from $518,000 a year ago. The median stood 54.3 percent below the peak median of $665,000 reached in June and July of 2007.

The last time the median sale price rose from one month to the next was in October 2007, when it increased 1 percent from the prior month. The median slipped 1.7 percent from the prior month in both February and March, compared with an average month-to-month decline of almost 5 percent in the 12 months ending in January this year.

“For the past few months we’ve seen faint but growing signs that would normally suggest many markets are nearing price stabilization. But we’ll need to see those vital signs continue to strengthen into the fall. Job losses and historically high foreclosure levels continue to pose serious threats to housing stability,” said John Walsh, MDA DataQuick president.

“In much of the Bay Area there’s the added problem of ‘jumbo’ loan financing still being relatively expensive and, for many, hard to get,” he continued. “A solution to that problem will no doubt be part of the kindling that eventually re-ignites the Bay Area’s high-end sales.”

Mortgages for more than $417,000 were used to finance 22 percent of the Bay Area’s home sales last month, compared with more than 60 percent before the credit crunch hit in late summer 2007. Home sales in many high-end areas, especially on the coast, remain at record or near-record-low levels.

In lower-cost communities, first-time buyers have turned to government-insured FHA mortgages, which represented a record 26 percent of all Bay Area home purchase loans in April, up from 3.2 percent a year ago. The combination of FHA financing, steep home price declines and low mortgage rates have fueled record or near-record-high sales this spring in many of the Bay Area’s most affordable, foreclosure-heavy communities.

San Diego-based MDA DataQuick is a division of MDA Lending Solutions, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. MDA DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Because of late data availability, sales and medians were estimated in Alameda and San Mateo counties.

The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $1,277 last month, up from $1,245 the previous month, but down from $2,463 a year ago. The payment assumes 20 percent down and a 30-year fixed-rate mortgage. Adjusted for inflation, current payments are near an all-time low. They are 50.8 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They are 63.6 percent below the current cycle's peak in July 2007.

The dramatic decline over the past year in the typical monthly mortgage payment, as well as in the region’s median sale price, can be misleading. In many cases it overstates the extent to which the typical home has lost value. Home price depreciation isn’t the only culprit driving down the median sale price, which is the basis for the typical monthly mortgage payment calculation. Another major factor tugging down the median price, hence the typical payment, is the unusually low level of high-end home sales, which are now under-represented in the Bay Area statistics. The median is the point where half of the homes sold for more and half for less.

Indicators of market distress continue to move in different directions. Foreclosure activity remains at historically high levels, while financing with adjustable-rate mortgages is at an all-time low, as is financing with multiple mortgages. Down payment sizes and flipping rates are stable, and non-owner occupied buying activity is above-average in some markets, MDA DataQuick reported.

Weekly Statistics Review from Jan '09 to present

2009-05-26T13:08:00.000-07:00

WOW!! There is a lot of activity in the South Bay right now. Check out the the active listings number versus the pending transactions. The number of pending transactions has risen dramatically from Jan to now. Has the bottom passed?

2009 Single Family Res. Condos/ Townhomes
Date Active Pending Active Pending
1/5/09 3931 1598 1461 422
1/12/09 3998 1615 1505 456
1/19/09 4081 1615 1527 483
1/26/09 4115 1685 1525 510
2/2/09 4036 1705 1501 520
2/9/09 4177 1714 1540 528
2/16/09 4200 1779 1513 567
2/23/09 4252 1795 1520 572
3/2/09 4224 1822 1504 573
3/9/09 4300 1834 1501 588
3/16/09 4318 1919 1513 592
3/23/09 4286 2053 1518 631
3/30/09 4230 2174 1487 680
4/6/09 4097 2274 1405 719
4/13/09 3927 2407 1356 782
4/20/09 3872 2539 1312 982
4/27/09 3828 2611 1311 860
5/4/09 3672 2690 1238 893
5/11/09 3542 2790 1216 931
5/18/09 3450 2900 1163 969
5/25/09 3293 3004 1133 980

Appealing your property tax assessment value

2009-05-22T12:36:00.001-07:00

I finally got down my list of to-do's and filled out my application to appeal my property tax assessment. If you live in Santa Clara County, the period for filing for assessment appeals begins July 2nd and goes through September 15th so get to it before its too late!

For all forms and instructions go to this site:
Santa Clara County: http://tinyurl.com/2fe7va
San Mateo C ounty: http://tinyurl.com/p7ur7o
Alameda County: http://tinyurl.com/pbhbuq
San Francisco County:http://tinyurl.com/qp37k7

Good luck!

New Luxury Bank Property Blog

2009-05-13T19:50:00.000-07:00

Sorry it's been so long since my last post. I've been working on a new site/blog that highlights my favorite luxury bank owned properties in the bay area. Check it out!! www.bayareabankestates.com! Better yet...buy one! :)

Appraisals to be ordered by Banks starting May 1, 2009

2009-04-21T12:09:00.000-07:00

Starting May 1st, banks will require all appraisals to be done by approved 3rd party companies and these appraisals will be ordered by the banks. Through the end of this month, your lender will be able to use their existing relationships and get orders through faster but after the 30th its "no more!" What does this mean for you buyers and sellers?? Potentially lower appraisal values and longer contingency periods. Buyers this may give you more time to shop your loan. Sellers this will leave you exposed a little longer while you wait for the buyers to commit 100%. This shouldn't be a surprise given the way we got ourselves into this mess. What do you think?

Are we on the cusp of a turnaround here in the south bay?

2009-04-17T17:24:00.000-07:00

Ok...I know I'm pulling from a small string of data, but in the last 2 weeks homes have been seriously flying off the market in the $700,000 plus range. I have been showing a lot homes lately, and suddenly almost 40% of them have gone pending in the last 3 days. Granted this is from a pool of about 50 homes but wow!! I haven't seen this much movement in a long time!!! Not only that, there are multiple offers everywhere from Bank Sales, short sales and regular resales. Would love to hear what other agents are experiencing out there!!!

Mountain Winery: Rivers of Chocolate Festival

2009-04-12T18:27:00.000-07:00

Don't forget to buy your tix for the Rivers of Chocolate Festival in Saratoga!! I'll be there with my head in the chocolate fountain (if they have one)!

Where: Mountain Winery
When: April 26th, 2009
Time: 1pm-5pm
Why: The revenue from this event will benefit youth programs. EHC LifeBuilders has been helping children, teens, families and homeless persons for nearly 30 years.

For more info and ticket purchase: www.riversofchocolate.org

Why I cringe at area code 765

2009-03-24T15:26:00.001-07:00

As a real estate investor, 3 years ago I thought I was the "golden girl" finding these great 50K single family home properties in Indiana renting at positive every year. It was a no brainer! 10% down and I'm cash flowin!

Well, in the midst of big autos crash and burn, me the individual investor is being heavily affected. 2 out of my 4 tenants have stopped paying for the last 2 months due to financial hardship and layoffs and I am now faced with evictions and small claims court. Thank the Lord for my great property management company that handles all of this, but my heart skips a beat every time I see their number pop up! What next! This is why I cringe. On the bright side, my 2 other tenants have been paying their rents for now. Just have to ride it out....

Lessons Learned:
1) Avoid investing in residential areas supported by Big Auto (duh!)
2) Prepare a reserve fund of at least 6 months just in case of situations like these
3) Always screen your renter-check credit and rental history

Extra Extra...Fed Announces $750 Billion More!

2009-03-19T17:42:00.000-07:00

From my Friends at Intero Mortgage~

Big news hit the wires yesterday afternoon, as the Fed made a blockbuster announcement that sent Mortgage Bonds into rally mode. The Federal Reserve announced that over the course of 2009, they will purchase an additional $750B of Mortgage Backed Securities in an effort to help shore up the housing market and keep home loan rates low. They had already committed to buying $500B which started in January and was to run until June of 2009. Now they’ve committed this additional $750B to keep the program running until the end of the year or more. On the announcement, Mortgage Bonds exploded higher, leaving prices within whiskers of the best levels ever.

However, most of the media talks and news paper articles this morning are over stating what will take place. The rates will not necessarily drop to 4.5% because of this move. Rather the interest rates will be based on which coupons the Fed purchases. The Fed has not said that they will be buying the lower 4.0% or 4.5% coupon of Fannie/Freddie securities. They’ve not said what coupon level it will be at this point in time. This move will however, help to prolong the interest rate environment that we are already in! And because lenders are still not working at max capacity, they are very likely not going to pass all the gains through to the consumer. The good news is that perhaps this will help lenders feel more comfortable staffing up a bit, as this purchase program will certainly keep rates from moving significantly higher any time soon. Bottom line - although the media is already spinning it differently, this is still not a time for clients to stay on the fence, hoping and waiting for lower rates. Home loan rates remain within inches of all-time historic lows, but may not necessarily move significantly lower based on this purchasing plan - waiting is a very risky move.

The Fed also said they will purchase $300B in long term Treasuries...so why Treasuries? The Fed wants to keep the spread between Treasuries and Mortgage Bonds from widening, because as Mortgage Bond prices move higher, the yield or return on them may not be as attractive as those available in Treasuries. So if the Fed buys Treasuries, the yield on those instruments will also be driven lower, thereby keeping a normal spread between Treasuries and Mortgage Bonds.

Now...something else worth paying attention to - since yesterday's Fed Meeting, the US Dollar has gotten clocked, as the aggressive Fed moves appear quite inflationary. In turn, this has pushed Oil up to $51 per barrel, nearly $5 higher since yesterday afternoon. Gold, which is purchased as a hedge against inflation, is up near $950 an ounce - moving up $60 on the day! While we know there is no inflation at the present time, the chatter of future inflation could have a negative effect on Mortgage Bond prices ahead, or at least stifle their moves higher - yet another reason not to wait and to take advantage of the current historically low rates.

All this being said, we have seen the past a “honeymoon” phase after big announcements like this. That’s likely why bond prices improved dramatically yesterday, and rates are looking very good this morning! They honeymoon phase usually doesn’t last long as investors wake up to the reality of the situation as stated above.

Bank Owned Home Auctions!!! Don't be late!

2009-03-17T16:53:00.000-07:00

I just returned from attending an auction for a bank owned home in San Jose and it was quite an experience. Basically, it was a bunch of bargain hunters gathered in a small cul-de-sac in front of the home being auctioned. There were a total of 3 different homes being auctioned.

The auctioneers were working out of the back of their trunk handing out registration cards and bright yellow bid cards. With a karaoke style microphone and an over the shoulder speaker, the auctioneer started the fast paced bidding lingo at 50K and within 10 minutes all the homes were auctioned off and everyone cleared out. There were 2 crawlers making sure no one got left out of the bidding, screaming "ohhh" " aah" everytime someones card went up. Crazy! If you were late you lost out. CLICK HERE TO SEE PHOTO.

I have more info on how these auctions work so ping me if you have questions. Don't forget your checkbook if you go to one of these. They won't let you bid without it.

Home Loan modification 101--Part 1

2009-03-17T12:58:00.000-07:00

Ok..I have been getting a lot of emails and phone calls lately on home loan modifications so I'm going to have a series of posts dedicated to home loan modifications.

In this post, I'm going to tell you exactly what "Home Loan Modification" is and who qualifies for it. "Home Loan Modification" is also referred to as a "Loss Mitigation Program." It is the process of renegotiating one's mortgage with their current lender. The definition of "loss mitigation" to the lender is to minimize their loss from a defaulting loan. Loss Mitigation is NOT based on credit or equity. It is solely based on the ability of the homeowner to afford some type of reasonable payment moving forward. A homeowner must exhibit one and / or a combination of the following qualities in order to be considered for loss mitigation by their lender.

1) Inability to afford their mortgage payment recently or currently. Most lenders will not consider the homeowner for loss mitigation unless they are behind in their payments OR they have an adjustable rate that is due to adjust within the next 90 to 120 days. The further behind the homeowner is, the higher the priority is with the lender.

2) A legitimate reason for falling behind on mortgage payments, known as HARDSHIP. We must be able to show that they have recovered or are recovering from the hardship or that the homeowner can afford to make a lower payment on a consistent basis. Legitimate HARDSHIP reasons include the following:

a) Increased expenses or decreased income. b) Rate or payment increase. c) Death in family, divorce, illness, incarceration and many other case by case situations. d) Lenders WILL NOT accept a HARDSHIP that the homeowner says they were tricked by a mortgage broker or any reason where the homeowner points the finger at the lender. I will follow up with more information.

Monday Stats..Inventory in the Rise again!

2009-03-16T20:00:00.001-07:00

Here they come!! More homes have arrived on the market for the 3rd straight week in row. Pending transactions are also rising but the number of homes that are coming up for sale are just outnumbering the buyers. Come on buyers! It's ripe out there for the taking!

Single Family Homes
Week /Active/ Pending
3/2/09/ 4224 /1822
3/9/09/ 4300/ 1834
3/16/09/ 4318/ 1919

Condo/Townhomes
Week/ Active/ Pending
3/2/09/ 1504/ 573
3/9/09/ 1501/ 588
3/16/09/ 1513/ 592

Million dollar short sales and bank deals in the South Bay!

2009-03-10T17:24:00.000-07:00

Nobody is immune to the economy! Check out this list of homes that are all $1 million dollars and above in the south bay! The picture to the left is a Palo Alto short sale asking $2.8 million.

All of these homes are either selling short or already owned by the bank. This list starts in San Jose and goes North to Palo Alto. I have a lot more info on these homes so give me a shout if you need more data.

4828 TUSCANY CI/$1000000/5beds/3baths/3153sf/San Jose/6534sf lot
2267 ELKHORN CT/$1025000/5beds/3baths/2876sf/San Jose/6000sf lot
2319 FAIRCREST DR/$1028000/5beds/3baths/3000sf/San Jose/4800sf lot
1503 CALCO CREEK DR/$1049000/4beds/3baths/2773sf/San Jose/32234sf lot
3533 CASABELLA CT/$1049000/4beds/3.5baths/3665sf/San Jose/8000sf lot
169 LLEWELLYN AV/$1050000/5beds/3baths/2801sf/Campbell/8200sf lot
1582 BELLEVILLE WY/$1069000/3beds/2baths/1603sf/Sunnyvale/16552sf lot
1274 CITY VIEW PL/$1084000/6+beds/4+baths/5316sf/San Jose/29400sf lot
13424 KODIAC PL/$1088888/4beds/3baths/2194sf/Saratoga/10454sf lot
3018 HIGH MEADOW LN/$1095000/4beds/3baths/2652sf/San Jose/12632sf lot
1831 ARROYO SECO DR/$1099000/3beds/2.5baths/3143sf/San Jose/11374sf lot
18518 PASEO TIERRA/$1099000/4beds/2.5baths/2330sf/Saratoga/10454sf lot
756 PECAN WY/$1100000/5beds/4+baths/2540sf/Campbell/7840sf lot
1692 LUCCA PL/$1150000/4beds/3.5baths/3486sf/San Jose/9147sf lot
588 MINNESOTA AV/$1175000/6+beds/4+baths/5115sf/San Jose/19166sf lot
15848 RICA VISTA WY/$1200000/5beds/4+baths/4779sf/San Jose/87120sf lot
16040 ESCOBAR AV/$1225000/3beds/3baths/2096sf/Los Gatos/8400sf lot
3385 IVAN WY/$1230000/4beds/2.5baths/2059sf/Mountain View/8034sf lot
1098 AMANDA LYNE CT/$1299000/5beds/3baths/3509sf/San Jose/8000sf lot
5356 LAUREL CANYON DR/$1350000/4beds/3baths/3155sf/San Jose/23522sf lot
3517 LA CASTELLET CT/$1350000/5beds/4+baths/3718sf/San Jose/6098sf lot
14201 WORDEN WY/$1364888/3beds/2baths/1899sf/Saratoga/13932sf lot
3647 SANTA CROCE CT/$1388888/4beds/3baths/3656sf/San Jose/12197sf lot
10187 BYRNE AV/$1398000/5beds/3baths/3318sf/Cupertino/11700sf lot
16041 BLOSSOM HILL RD/$1449000/4beds/3.5baths/3523sf/Los Gatos/13939sf lot
256 CASITAS BULEVAR/$1450000/4beds/2.5baths/2382sf/Los Gatos/11325sf lot
2633 CARMELLA CT/$1450000/5beds/4+baths/3574sf/San Jose/12632sf lot
16600 BOHLMAN RD/$1500000/4beds/2.5baths/2602sf/Saratoga/168141sf lot
1451 W HACIENDA AV/$1550000/5beds/4+baths/3436sf/Campbell/9147sf lot
2151 TERRENA VALLEY DR/$1550000/4beds/4+baths/4230sf/San Jose/29185sf lot
14805 FRUITVALE AV/$1579000/4beds/2baths/2432sf/Saratoga/43560sf lot
720 GREENVIEW PL/$1695000/3beds/2.5baths/2037sf/Los Altos/21280sf lot
1679 MOUNTAIRE LN/$1700000/6+beds/4+baths/6045sf/San Jose/14374sf lot
2527 BENTLEY RIDGE DR/$1800000/6+beds/4+baths/4827sf/San Jose/23086sf lot
21350 MCKEAN RD/$1945900/5beds/4+baths/5765sf/San Jose/293158sf lot
16449 LUCKY RD/$1949000/5beds/4+baths/4913sf/Monte Sereno/73616sf lot
731 BICKNELL RD/$1999950/6+beds/4+baths/4250sf/Los Gatos/34848sf lot
862 WAVERLEY ST #A/$2195000/3beds/3.5baths/2400sf/Palo Alto/4373sf lot
14190 VICTOR PL/$2300000/6+beds/4+baths/6028sf/Saratoga/12632sf lot
655 KINGSLEY AV/$2799000/5beds/4+baths/3700sf/Palo Alto/6634sf lot

Renegotiating your Loan

2009-03-10T12:29:00.000-07:00

Many of my clients have found themselves in mortgage mayhem as adjustable rate mortgages start to adjust and payments dramatically increase. If you find yourself worrying about how you are going to make your next mortgage payment while keeping the lights on, you may want to give your lending institution a call to permanently lower your monthly payment. Here’s how:

Call the Bank: This is the bank that you pay your mortgage to every month. Grab your monthly mortgage statement and you should be able to find the contact information on the upper left or right hand corner of the statement. Ask for the “Loss Mitigation” department. If you get routed to customer service first, escalate to the supervisors and be persistent about speaking to a representative in Loss Mitigation to restructure/renegotiate your loan. Don't let them push you around!
Paint the Picture: Once you get to Loss Mitigation, explain to the representative why you are having a hard time paying your loan (you can also be proactive and do this prior to your loan adjusting). Be ready to provide solid financial documentation as they are not going to take your word for it. Once they receive all of your information they will run your Debt to Income Ratio just like they did when you were qualifying for your loan and determine whether you will be a candidate for renegotiation
Provide Paperwork: If your lender decides to let you renegotiate your loan, do WHATEVER they say and send in everything they ask for within the require time periods otherwise, you may blow the deal completely!

Once you provide everything they need, you should receive paperwork with new loan terms spelled out. CAREFULLY READ over the new terms carefully to ensure it’s what was agreed to over the phone.

P.S. As of right now, investment properties are currently NOT eligible for renegotiating.

Realtors on Home Values

2009-03-05T15:19:00.000-08:00

I came across this interesting survey on Homegain.com outlining Realtor sentiment on home values across the nation. Very interesting for Realtors and consumers.
Bottom line:
1) Sellers are aware that home values are going down, but not necessarily their homes.

2) "A majority of HomeGain Realtor members believe home prices will continue to fall in the next six months and that the Obama stimulus package will do little to change the direction of home values.

http://tinyurl.com/bozav4

What do you think?

I'm going to have to agree with this article as the number of short sales and bank sales are flooding inventory, and sellers who are not in that category are having to compete against lower prices. It's going to be ugly out there for a while! Cash is King!

Monday numbers!! Slight drop in inventory~

2009-03-02T20:48:00.000-08:00

I know I missed posting last weeks number so here is quick snapshot comparison.

SANTA CLARA COUNTY ONLY
Single Family Residences
Week/ Active/ Pending
2/23/09/ 4252/ 1795
3/2/09/ 4224/ 1822

Condos-Townhomes
Week/ Active/ Pending
2/23/09/ 1520/ 572
3/2/09/ 1504/ 573

Inventory had a slight drop and pending sales are up. This market needs to continue to pull through this muddy market. Come on buyers!!

$29 million dollar Eco mansion!

2009-03-02T20:17:00.000-08:00

Check it out!! I guess there is still some money out there.
http://tinyurl.com/c9apvb

Duplex's under 500K!

2009-02-19T11:46:00.000-08:00

Don't think that I forgot about you investors out there. I am tracking multi-units under 500k and was surprised to find over 70 duplexes under 500K. Did we ever think we would see the day?? Amazing change from just a couple of years ago. This is a mix of bank sales, short sales and regular resales. For reasons why multi-units might make sense for you, read my past post here.

Address/Price/Interior sf/Lot sf/City:

401 E SAINT JAMES ST/499998/2760sf/2550sf lot/San Jose
574 S 4TH ST/499950/1904sf/6098sf lot/San Jose
852 VILLA AV/499900/1263sf/9250sf lot/San Jose
415 E JULIAN ST/499750/904sf/5440sf lot/San Jose
404 N 20TH ST/499000/1643sf/7405sf lot/San Jose
1617 SAN TOMAS AQUINO RD/499000/1900sf/6000sf lot/San Jose
716 ILLINOIS AV/498888/1450sf/7400sf lot/San Jose
937 COLLEGE DR/496284/1680sf/8030sf lot/San Jose
1709 GUADALUPE AV/495500/1461sf/6098sf lot/San Jose
3279 LOCKE DR/490000/2368sf/7200sf lot/San Jose
200 BENDORF DR/485000/1915sf/6534sf lot/San Jose
118 S 20TH ST/469000/1606sf/7150sf lot/San Jose
512 SANDERS AV/463000/1944sf/6000sf lot/San Jose
771 N 14TH ST/459900/1152sf/4750sf lot/San Jose
325 S 20TH ST/454900/2142sf/7800sf lot/San Jose
617 N 12TH ST/450000/2401sf/5750sf lot/San Jose
803 VILLA AV/449999/1240sf/7820sf lot/San Jose
281 S 23RD ST/449999/1804sf/4520sf lot/San Jose
265 W HUMBOLDT ST/449000/1543sf/4791sf lot/San Jose
430 N 11TH ST/440000/1450sf/5750sf lot/San Jose
5160 GIUSTI DR/440000/2030sf/7000sf lot/San Jose
644 S 11TH ST/430000/2124sf/5750sf lot/San Jose
527 N 10TH ST/425000/1272sf/4658sf lot/San Jose
846 PALM ST/415000/1496sf/6534sf lot/San Jose
253 PARMER AV/410000/3530sf/5490sf lot/San Jose
1493 FORD AV/409900/2268sf/5200sf lot/San Jose
359 LELAND AV/400000/1092sf/4000sf lot/San Jose
511 E TAYLOR ST/399900/1804sf/5658sf lot/San Jose
213 LYNETTE WY/399900/1540sf/5555sf lot/San Jose
892 N 14TH ST/399000/1536sf/5375sf lot/San Jose
475 E HUMBOLDT ST/399000/1455sf/6850sf lot/San Jose
1285 PALM ST/399000/1720sf/5320sf lot/San Jose
732 STATE ST/399000/1220sf/5000sf lot/San Jose
1428 FORD AV/389900/1664sf/5200sf lot/San Jose
1072 LOCUST ST/384900/1836sf/5000sf lot/San Jose
920 BROOKWOOD AV/380000/1794sf/6500sf lot/San Jose
1189 VINE ST/379900/1511sf/4791sf lot/San Jose
748 ILLINOIS AV/379500/1533sf/5600sf lot/San Jose
1832 VIRGINIA AV/375000/1440sf/6858sf lot/San Jose
368 LASWELL AV/371900/1336sf/4000sf lot/San Jose
299 S 31ST ST/364900/932sf/7138sf lot/San Jose
1157 S ALMADEN AV/349900/1475sf/6750sf lot/San Jose
1517 POMONA AV/349000/1836sf/8276sf lot/San Jose
391 N 13TH ST/339900/2160sf/5750sf lot/San Jose
2416 DOBERN AV/339900/1400sf/5000sf lot/San Jose
379 S 20TH ST/335000/1317sf/3800sf lot/San Jose
878 N 17TH ST/330000/1270sf/4800sf lot/San Jose
626 N 12TH ST/329900/1488sf/5750sf lot/San Jose
387 S 18TH ST/329000/1716sf/5850sf lot/San Jose
1818 VIRGINIA AV/329000/1440sf/6426sf lot/San Jose
868 S 11TH ST/320000/1500sf/8556sf lot/San Jose
650 LOTUS ST/319900/1629sf/8125sf lot/San Jose
720 N 4TH ST/319000/1296sf/6850sf lot/San Jose
1729 E SAN ANTONIO ST/319000/1752sf/7840sf lot/San Jose
283 EASTSIDE DR/299000/1452sf/6534sf lot/San Jose
1875 VIRGINIA AV/295000/1440sf/6477sf lot/San Jose
244 S 33RD ST/290000/1369sf/5445sf lot/San Jose
871 S ALMADEN AV/280000/1352sf/4356sf lot/San Jose
311 S 21ST ST/274500/1896sf/5200sf lot/San Jose
853 E SAINT JAMES ST/264900/1464sf/6250sf lot/San Jose
464 E TAYLOR ST/264000/1344sf/4140sf lot/San Jose
2494 CLYDA DR/250000/1488sf/7840sf lot/San Jose
1434 MARKET ST/475000/1439sf/5000sf lot/Santa Clara

Appealing your property taxes!

2009-02-18T11:17:00.001-08:00

There is one way to get some $$ relief in this market and that's by appealing your property taxes. The process is very lengthy so download the application NOW and don't put it off. If you need some help with comparable's, let me know! http://tinyurl.com/2fe7va

Great REO Townhome in San Jose with Great Schools!

2009-02-18T09:13:00.000-08:00

I know I'm completely fixated on REO's and short sales, but I can't believe my eyes sometimes. Three years ago these cute town homes right next to the Santa Teresa Golf Course were selling for over 550K, and today this home just listed in the low 300's! I can't believe it. Good schools too. Calling all vultures! Here's your opportunity! :) Take a look. http://tinyurl.com/cmqheh

2009 STATE OF THE VALLEY CONFERENCE

2009-02-17T15:41:00.000-08:00

For more info visit!!
http://www.jointventure.org/publicatons/index/2009sov.html

Million Dollar Market Falling?

2009-02-17T14:14:00.000-08:00

Looks like the million dollar market is starting to feel the affects of the struggling economy. Get ready to see more opportunities in the upper end. Only a month and a half into 2009 and approximately 24 new south bay and peninsula homes either in short sales or bank owned have surfaced quietly onto the market. Compare that to the 30 that I pulled in the same areas for ALL of 2008! I'm sure there are more out there that I don't have visibility to, and more to come! Take a look below at the 24 homes that came on this year. Some VERY NICE areas.

**Sampler of Listings pulled from REIL MLS in Santa Clara and San Mateo county, $1,000,000 list price and above**

900 SOUTH RD/1300000/5beds/3.5baths/3500sf/Belmont
169 LLEWELLYN AV/1050000/5beds/3baths/2801sf/Campbell
867 BRIARWOOD WY/2599000/5beds/4+baths/9000sf/Campbell
1220 KENILWORTH RD/1994900/5beds/4+baths/3700sf/Hillsborough
720 GREENVIEW PL/1695000/3beds/2.5baths/2037sf/Los Altos
13119 ESTRALITA PL/1750000/5beds/3baths/3102sf/Los Altos Hills
16040 ESCOBAR AV/1299950/3beds/3baths/2096sf/Los Gatos
655 KINGSLEY AV/2799000/5beds/4+baths/3700sf/Palo Alto
407 CAMBERLY WY/1099000/4beds/2.5baths/2470sf/Redwood City
1530 W SELBY LN/1210000/4beds/3.5baths/2740sf/Redwood City
280 OAKVIEW DR/1095000/4beds/3baths/2835sf/San Carlos
77 MADERA AV/1049000/4beds/2.5baths/2928sf/San Carlos
1682 MOUNTAIRE LN/1995000/6+beds/4+baths/6045sf/San Jose
1503 CALCO CREEK DR/1300000/4beds/3baths/2773sf/San Jose
2267 ELKHORN CT/1025000/5beds/3baths/2876sf/San Jose
1548 ROBSHEAL DR/1250000/4beds/2.5baths/3104sf/San Jose
1692 LUCCA PL/1150000/4beds/3.5baths/3486sf/San Jose
2633 CARMELLA CT/1600000/5beds/4+baths/3574sf/San Jose
3517 LA CASTELLET CT/1350000/5beds/4+baths/3718sf/San Jose
2067 DARYLVIEW CT/1320900/5beds/4+baths/3923sf/San Jose
3562 SWEIGERT RD/1399000/4beds/3.5baths/4090sf/San Jose
14805 FRUITVALE AV/1579000/4beds/2baths/2432sf/Saratoga
14190 VICTOR PL/2300000/6+beds/4+baths/6028sf/Saratoga
1582 BELLEVILLE WY/1069000/3beds/2baths/1603sf/Sunnyvale

Monday Stat day!!!

2009-02-16T18:22:00.000-08:00

Inventory is rising again as we come out of the holiday season here in Santa Clara County. Good news is that transactions are increasing as well. Short Sales and Bank Owned properties are definitely making their mark, accounting for over 75% of all pending transactions and almost 50% of all active homes. The "Resi" market is definitely in the process of clearing all those nasty sub-prime loans. It's painful but necessary. We are going through mortgage rehab! Fasten your seat belts as it's going to get uglier before it gets better! There is hope out there...especially for buyers and investors who are ready to take advantage of falling prices and increasing inventory. What do you think?

Stimulus Bill--What it means to the real estate market

2009-02-15T17:20:00.000-08:00

Wondering what the recently passed stimulus bill means to the housing market? Here are some bullets for you to know:

1) the loan limits will be raised to $727,000 in high cost areas (that would be us in the bay area)
2) the tax credit will be raised to $8,000 with NO payback [a true credit]
3) interest rates have come down 125-150 basis points (1.25-1.5%)
4) the bill has over $50 billion in it for foreclosure mitigation, with Geitners Treasury plan signaling that the second half of TARP and TALF will be used to mitigate foreclosures through a government guarantee, drive down interest rates by buying another $200-300 billion of mortgage paper from the GSES's thereby freeing them up to do the same with new mortgages, and Fannie has just agreed to lift the cap of 4 investment properties eligible for loans and raise it to 10--YEAH!!! I was waiting for this one!

(summary courtesy of the National Association of Realtors)

Foreclosure & Pre Foreclosre websites--BEWARE!

2009-02-12T15:02:00.000-08:00

It's never as good as it seems..Everyone is out to make a buck right now so be careful of foreclosure/pre foreclosure websites that give you teaser addresses that list ridiculously low prices and than ask you to pay for more details.

We often encounter buyers who come in with lists from these websites asking us why the MLS doesn't list these cheap homes and how they can buy them. Truth is that some of these homes are not even for sale. The prices that are being listed are usually loan amounts for first or second trust deeds that are in default. If you see an incredibly low number listed, be skeptical as it is usually the 2nd loan amount. It DOES NOT mean that it is for sale at that price

If you are a savvy investor who knows how to approach homeowners, put contracts together, and real estate disclosure requirements than these websites can be helpful. If you don't know what to do with the information given than it's best that you contact your Realtor for help in this market. Don't get sucked in!!!

February Sampler of Bank Owned and Pre-Foreclosure Properties

2009-02-11T13:54:00.000-08:00

Today there are 819 condominium properties in Santa County on the market that are either Bank Owned or in Pre-foreclosure. Below is a quick sampling of what is out there. For a full list contact me and I can email a spreadsheet! if you don't know the difference between the 2 stay tuned... Good news if you are out to buy!

55 CHURCH ST #1101/Los Gatos/769000/2bed/2baths/1404sf
254 EUCALYPTUS TE/Sunnyvale/729000/3bed/2.5baths/1629sf
901 GARRITY WY/Santa Clara/688000/3bed/2.5baths/1894sf
5141 CAPANELLE TE/San Jose/659000/2bed/2.5baths/1366sf
4059 CRANDALL CI/Santa Clara/650000/3bed/2.5baths/1716sf
4550 LICK MILL BL/Santa Clara/649000/3bed/2.5baths/1894sf
734 SENECA TE/Sunnyvale/648888/3bed/3baths/1687sf
4478 LAIRD CI/Santa Clara/645000/3bed/3baths/1588sf
4453 LAIRD CI/Santa Clara/645000/3bed/3baths/1588sf
4360 RIVERMARK PY/Santa Clara/638888/3bed/3baths/1716sf
849 AGNEW RD/Santa Clara/635000/3bed/2.5baths/1700sf
120 CARLTON AV #2/Los Gatos/589000/3bed/2.5baths/1604sf
833 AGNEW RD/Santa Clara/575000/2bed/2.5baths/1616sf
4461 LITTLE MEADOW CT/San Jose/568484/4bed/2.5baths/1489sf
422 E EVELYN AV #201/Sunnyvale/565000/3bed/3baths/1821sf
256 FRINGE TREE TE/Sunnyvale/562000/3bed/2.5baths/1629sf
671 MONTARA TE/Sunnyvale/548888/3bed/3baths/1612sf
530 PORPOISE BAY TE #C/Sunnyvale/540000/2bed/2.5baths/1480sf
4534 LAIRD CI/Santa Clara/524900/2bed/2.5baths/1437sf
14345 SARATOGA AV #34/Saratoga/524000/2bed/1baths/925sf
1354 DALE AV #13/Mountain View/522900/2bed/2.5baths/1478sf
648 ASH CT/Campbell/520000/4bed/3baths/1412sf
541 TYNDALL ST/Los Altos/508900/2bed/2baths/956sf
173 ORTEGA AV/Mountain View/499999/2bed/2.5baths/1584sf
134 CARROLL ST #303/Sunnyvale/499000/3bed/2baths/1200sf
443 ALEGRA TE/Milpitas/499000/3bed/2.5baths/1547sf
87 JACKLIN CT/Milpitas/499000/3bed/3baths/1657sf
506 N CASHMERE TE/Sunnyvale/499000/2bed/1.5baths/1188sf
19218 VINEYARD LN/Saratoga/495000/2bed/1.5baths/1088sf
553 CRYSTALBERRY TE/San Jose/489900/3bed/1.5baths/1306sf
895 QUINCE AV #12/Santa Clara/488800/2bed/2.5baths/1470sf
1277 POPLAR AV #109/Sunnyvale/487600/2bed/2.5baths/1342sf
175 EVANDALE AV #6/Mountain View/485900/2bed/2.5baths/1167sf
102 ESCOBAR AV/Los Gatos/479000/2bed/2baths/1015sf
411 TERRA MESA WY/Milpitas/475000/3bed/2.5baths/1375sf
315 DUNSMUIR TE #1/Sunnyvale/470000/3bed/3baths/1150sf
578 LATIMER CI/Campbell/469950/3bed/2.5baths/1364sf
43 PARC PLACE DR/Milpitas/460000/3bed/2baths/1530sf
2383 SHORESIDE CT/Santa Clara/458000/4bed/2.5baths/1800sf
146 MARYLINN DR/Milpitas/455000/2bed/2.5baths/1378sf
6095 CALLE DE AMOR/San Jose/450000/2bed/2.5baths/1490sf
449 Costa Mesa TE #D/Sunnyvale/450000/3bed/2baths/1094sf
2266 CREEK BED CT/Santa Clara/449900/4bed/2.5baths/1800sf
154 MILMAR WY/Los Gatos/449000/2bed/2baths/1015sf
27 CURTIS AV/Milpitas/446500/3bed/2baths/1530sf
1081 REED AV #C/Sunnyvale/440000/3bed/1.5baths/1215sf
86 MARYLINN DR/Milpitas/439900/4bed/2baths/1505sf
35 CURTIS AV/Milpitas/435000/3bed/2baths/1530sf
1937 LANDESS AV/Milpitas/432000/2bed/1baths/900sf
359 IMAGINATION PL/Milpitas/430000/3bed/3baths/1243sf
183 PARC PLACE DR/Milpitas/430000/3bed/3baths/1280sf
334 SANTANA RW #224/San Jose/429000/1bed/1baths/880sf
1094 MENTE LINDA LP/Milpitas/429000/2bed/2baths/1372sf
858 FASCINATION PL/Milpitas/425000/2bed/2baths/1158sf
1135 N ABBOTT AV/Milpitas/425000/3bed/2baths/1345sf
2111 LATHAM ST #313/Mountain View/424888/2bed/2baths/1206sf
3901 LICK MILL BL #369/Santa Clara/420000/2bed/2baths/1280sf
2560 S PARK LN/Santa Clara/419000/3bed/2baths/1334sf
701 N RENGSTORFF AV #2/Mountain View/409000/2bed/1baths/1332sf
3901 LICK MILL BL #325/Santa Clara/405000/2bed/2baths/1148sf
801 S WINCHESTER BL #6304/San Jose/400000/2bed/2baths/986sf
3128 LOMA VERDE DR #312/San Jose/399950/2bed/2baths/901sf
3115 LOMA VERDE DR #31/San Jose/399900/2bed/2.5baths/1308sf
621 E EL CAMINO REAL #201/Sunnyvale/399500/2bed/2baths/878sf
1921 ROCK ST #4/Mountain View/399000/2bed/1.5baths/972sf
905 W MIDDLEFIELD RD #907/Mountain View/399000/2bed/2baths/998sf
1883 AGNEW RD #213/Santa Clara/399000/2bed/2baths/1152sf
505 CYPRESS POINT DR #240/Mountain View/399000/2bed/2baths/1105sf
453 ALBERTO WY #D158/Los Gatos/399000/2bed/2baths/1076sf
1671 BRANHAM PARK PL/San Jose/399000/2bed/2baths/984sf
5009 PONDEROSA TE/Campbell/392900/2bed/1.5baths/970sf
2025 CALIFORNIA ST #00041/Mountain View/388000/2bed/1baths/895sf
2398 AVENIDA DE GUADALUPE/Santa Clara/384500/2bed/2baths/1121sf
2601 CORTEZ DR #1202/Santa Clara/382422/3bed/2baths/974sf
2559 LANCASTER CT/Santa Clara/379000/3bed/1.5baths/1311sf
2071 FOXHALL LP/San Jose/375000/2bed/1.5baths/1004sf
905 APRICOT AV #F/Campbell/374900/2bed/2baths/1187sf
1777 LAFAYETTE ST #124/Santa Clara/374000/1bed/1baths/1530sf
2580 HOMESTEAD RD #2201/Santa Clara/369900/3bed/2baths/0sf
607 ARCADIA TE #101/Sunnyvale/365750/2bed/2baths/1058sf
1721 CALIFORNIA ST #23/Mountain View/365000/2bed/2baths/860sf
1579 DELANTE TE/San Jose/358000/2bed/2.5baths/1013sf
19419 VINEYARD LN/Saratoga/354900/1bed/1baths/724sf
2253 CREEK BED CT/Santa Clara/350000/2bed/1.5baths/1215sf
1728 BRADDOCK CT/San Jose/350000/2bed/1baths/865sf
854 PRINTEMPO PL/San Jose/350000/2bed/2baths/925sf
999 W EVELYN TE #81/Sunnyvale/350000/2bed/2baths/1123sf
1921 ROCK ST #20/Mountain View/349900/2bed/1baths/972sf
1269 POPLAR AV #409/Sunnyvale/349888/2bed/1.5baths/1045sf
1840 PETALUMA CT/Milpitas/349000/3bed/1.5baths/1150sf
880 E FREMONT AV #328/Sunnyvale/349000/2bed/1baths/850sf
4415 NORWALK DR #21/San Jose/345000/3bed/2.5baths/1374sf
2282 CREEK BED CT/Santa Clara/342000/2bed/1.5baths/1215sf
103 SERENITY PL/Milpitas/339000/2bed/2baths/1012sf
5060 PLAZA CORONA/Santa Clara/335000/3bed/1.5baths/1240sf
3043 KAISER DR #A/Santa Clara/330000/2bed/1.5baths/1097sf
371 N 1st ST #2/Campbell/329900/2bed/1baths/903sf
490 AUBURN WY #2/San Jose/329000/2bed/1.5baths/1099sf
1031 CLYDE AV #1203/Santa Clara/329000/2bed/2.5baths/1300sf
2250 MONROE ST #162/Santa Clara/325000/2bed/1baths/858sf
5561 RUSSO DR/San Jose/324900/2bed/2baths/1104sf
2201 MONROE ST #607/Santa Clara/320460/2bed/1baths/853sf
3588 PAYNE AV #14/San Jose/320000/3bed/2baths/1032sf
4891 LAFAYETTE ST/Santa Clara/320000/3bed/1.5baths/1260sf
1031 CLYDE AV #601/Santa Clara/319950/2bed/2.5baths/1300sf
801 S WINCHESTER BL #5300/San Jose/319900/1bed/1baths/692sf
1031 CLYDE AV #1504/Santa Clara/319900/3bed/2baths/1266sf
2040 MAIN ST #120/Santa Clara/315000/2bed/2.5baths/1125sf
2869 S BASCOM AV #501/Campbell/309500/2bed/2baths/841sf
880 E FREMONT AV #701/Sunnyvale/308000/1bed/1baths/712sf
325 N 3RD ST #2/Campbell/300000/2bed/1baths/903sf
3338 KIMBER CT #9/San Jose/299950/2bed/1baths/886sf
1001 E EVELYN TE #121/Sunnyvale/299900/2bed/1baths/822sf
1118 N ABBOTT AV/Milpitas/299000/3bed/2baths/1143sf
2030 MAIN ST #4/Santa Clara/299000/3bed/2baths/1272sf
2580 HOMESTEAD RD #4201/Santa Clara/299000/2bed/1.5baths/990sf
880 E FREMONT AV #712/Sunnyvale/299000/1bed/1baths/712sf
891 W CALIFORNIA AV #M/Sunnyvale/299000/2bed/1.5baths/760sf
4914 PLAZA ESCUELA/Santa Clara/299000/2bed/1.5baths/1080sf
1143 REED AV #A/Sunnyvale/299000/2bed/1baths/858sf
3901 LICK MILL BL #234/Santa Clara/291900/1bed/1baths/908sf
1675 DENNIS AV/Milpitas/290000/3bed/1.5baths/1146sf
192 JUNIPERO DR #1/Milpitas/289888/3bed/1baths/1050sf
255 S RENGSTORFF AV #95/Mountain View/289000/1bed/1baths/812sf
1013 N ABBOTT AV/Milpitas/285000/3bed/2baths/1143sf
3037 KAISER DR #E/Santa Clara/285000/2bed/1.5baths/1097sf
1043 N ABBOTT AV/Milpitas/284900/3bed/2baths/1143sf
812 N ABBOTT AV/Milpitas/280888/3bed/2baths/1143sf
2250 MONROE ST #119/Santa Clara/280000/1bed/1baths/716sf
956 KIELY BL #G/Santa Clara/279999/2bed/2baths/956sf
280 EASY ST #00406/Mountain View/279000/2bed/1baths/894sf
2201 MONROE ST #208/Santa Clara/275900/2bed/1baths/853sf
320 AUBURN WY #25/San Jose/275900/2bed/1baths/924sf
535 VALLEY FORGE WY #1/Campbell/275000/2bed/1baths/840sf
348 LYNN AV/Milpitas/274000/3bed/1.5baths/1122sf
255 S RENGSTORFF AV #133/Mountain View/270900/2bed/1baths/935sf
105 SURREY CT/Milpitas/269950/3bed/1.5baths/1328sf
453 N RENGSTORFF AV #3/Mountain View/269000/2bed/1baths/828sf
3155 PAYNE AV #15/San Jose/268000/2bed/3baths/1300sf
1113 N ABBOTT AV/Milpitas/262900/2bed/1baths/863sf
380 AUBURN WY #19/San Jose/262000/2bed/1baths/924sf
255 S RENGSTORFF AV #142/Mountain View/260000/1bed/1baths/731sf
2201 MONROE ST #104/Santa Clara/260000/2bed/1baths/853sf
1654 KENNEDY DR/Milpitas/259900/3bed/1.5baths/1146sf
3041 KAISER DR #D/Santa Clara/259000/2bed/1.5baths/1097sf
4425 NORWALK DR #1/San Jose/259000/2bed/1baths/924sf
428 DEMPSEY RD #128/Milpitas/252800/3bed/2baths/1021sf
3594 PAYNE AV #00001/San Jose/250000/2bed/1baths/910sf
952 KIELY BL #H/Santa Clara/250000/2bed/2baths/956sf
1967 LANDESS AV/Milpitas/250000/3bed/1.5baths/1155sf
880 N WINCHESTER BL #202/Santa Clara/250000/1bed/1baths/781sf
3592 PAYNE AV #1/San Jose/249999/3bed/2baths/1032sf
1324 HIGHLAND CT/Milpitas/249000/3bed/1.5baths/1155sf
150 JUNIPERO DR #2/Milpitas/239900/2bed/1baths/882sf
1360 HIGHLAND CT/Milpitas/239900/2bed/1.5baths/1005sf
330 LYNN AV/Milpitas/235000/2bed/1.5baths/976sf
1026 N ABBOTT AV/Milpitas/235000/2bed/2baths/1174sf
144 SURREY CT/Milpitas/230000/2bed/1.5baths/980sf
327 SAN PETRA CT #2/Milpitas/230000/2bed/1baths/882sf
178 JUNIPERO DR #2/Milpitas/230000/2bed/1baths/882sf
1379 HIGHLAND CT/Milpitas/228000/2bed/1.5baths/1005sf
1750 HALFORD AV #318/Santa Clara/225000/1bed/1baths/678sf
127 JASMINE CT/Milpitas/225000/2bed/1baths/873sf
1032 N ABBOTT AV/Milpitas/220890/2bed/1baths/863sf
1750 HALFORD AV #217/Santa Clara/220000/1bed/1baths/678sf
492 DEMPSEY RD #192/Milpitas/219000/2bed/1baths/842sf
1372 Lowland CT/Milpitas/214500/2bed/1.5baths/1005sf
185 UNION AV #81/Campbell/210888/1bed/1baths/704sf
1156 N ABBOTT AV/Milpitas/209950/3bed/2baths/1174sf
1338 SW SHAWN DR #4/San Jose/209000/2bed/1baths/798sf
1317 JOPLIN DR #3/San Jose/205000/2bed/1baths/903sf
492 DEMPSEY RD #194/Milpitas/200000/2bed/1baths/842sf
936 KIELY BL #D/Santa Clara/199999/2bed/1baths/882sf
1354 BRANHAM LN #3/San Jose/199900/2bed/1baths/903sf
1376 BRANHAM LN #3/San Jose/199000/2bed/1baths/903sf
1760 HALFORD AV #271/Santa Clara/195000/1bed/1baths/678sf
980 KIELY BL #317/Santa Clara/195000/1bed/1baths/622sf
1334 JOPLIN DR #3/San Jose/187500/2bed/1baths/903sf
1343 SCOSSA AV #1/San Jose/184900/2bed/1baths/810sf
364 SAN MIGUEL CT #3/Milpitas/182800/2bed/1baths/882sf
1374 BRANHAM LN #4/San Jose/175000/2bed/1baths/798sf
340 RIO VERDE PL #4/Milpitas/175000/2bed/1baths/924sf
942 KIELY BL #C/Santa Clara/174999/1bed/1baths/440sf
1339 SHAWN DR #2/San Jose/160000/2bed/1baths/903sf
4807 CAPAY DR #4/San Jose/159900/2bed/1baths/798sf
4608 CAPAY DR #4/San Jose/150000/2bed/1baths/798sf

FEB 19TH: Home Buyers Workshop & Getting a Loan

2009-02-11T11:59:00.000-08:00

One of the key components of the home buying process is getting the MONEY! It's a tight lending market right now. Yes, interest rates are low but it's not that easy to get a loan. Don't be fooled by advertising and low rates. They are out there, but find out whether or not you can qualify for them and what the guidelines are.

Don't worry! There will be no Realtors at this workshop trying to push homes on you, just a great way to get educated if you are planning on jumping in this market.

If you have any questions feel free to contact me with any questions.

Where: 10275 N. De Anza Blvd., Cupertino, CA
When: Feb 19th- 6:00pm-7:30pm

$38 million anyone?

2009-02-02T12:11:00.000-08:00

There may be a time where you need to blow a cool $38 million and when that time comes, why not buy a fully restored 1914 English Tudor Estate right here in Los Altos. No biggie right? We can have high tea and go hiking in the back yard together. Don't forget to invite me~

Definitely something to keep us all motivated! Forget Britney Spears's home for sale! Check it out! http://tinyurl.com/ba6t84

Duplex, Triplex--Quick way to build your Real Estate Portfolio

2009-01-31T19:04:00.000-08:00

Think outside the box! A smart investment strategy for those who are open to less traditional housing scenarios is purchasing a multi-unit property (ie. duplex or triplex) and living in one unit. This is great way to get a feel for being a landlord and property manager while keeping a watchful eye over your tenant(s). There are some great properties out there in places like Palo Alto, Mountain View, Sunnyvale, San Mateo and San Francisco that are a bargain right now. Pricing is similar to, or lower than single family homes. Also, rental markets are strong so your tenants can definitely help pay the mortgage. One could even enjoy a little "vacay" for being a smart investor and saving some cash over time. Better yet...buy another house!

Forget about competing against everyone looking for the single family bargain. Time to go after a buyers market that's not saturated! well...at least for now...

Downtown San Jose Tri-Plex Under $350K!! Seriously?

2009-01-29T16:05:00.000-08:00

I just came across this 3-plex that would make a great rental. Walking distance from San Jose State University and close to shopping and restaurants and KFC--a college fave! I remember my college days living with the girls in a house just like this! I couldn't believe it when I saw the price of $340,900. Downtown San Jose is on Clearance right now!! Blue Light special on 12th street!!! All 3 units are fully occupied bringing in $3170 per month. Time for me to crunch the numbers! For more information click here! http://tinyurl.com/demf6u

Multiple Offers on Bank Owned homes

2009-01-27T18:23:00.001-08:00

It's a different multiple offer climate out there now. Don't be surprised to hear that the Bank owned property (REO) or Short Sale you are considering has 20+ offers on the table. Most likely 19 out of the 20 will be below asking but get ready to pay close to the asking or maybe a little above. Banks and lenders usually will have BPO or Broker Price Opinions done for them prior to listing a home (at least for bank sales or REO's) so you may not get as good of a deal.

A little secret for you bargain hunters out there....Bank owned properties here in the south bay may not be willing to budge much on price, but they do have some allowances in the closing costs so don't forget to ask about those credits.

For a list of bank owned properties in Santa Clara County feel free to contact me!

What is Debt Service Coverage Ratio or DSCR

2009-01-26T23:01:00.000-08:00

When investing and negotiating multi-residential investment properties, you will hear the term Debt Service Coverage Ratio or DSCR from banks and lenders. Ideally they will be looking for a ratio over 1, which means that the property is generating enough income to cover all debt obligations.

In general, it is calculated by:

Lately we have been running across lenders looking for a 1.2 ratio or above to protect themselves with a little padding. This means they would like to see debt coverage of 120% or more if possible. Therfore, if you are planning on investing in multi-residential investment properties get ready to pony up the cash to cover your debts and then some! For more information on financial analysis of investment properties feel free to contact me directly!

Point PINKBERRY!

2009-01-20T22:35:00.000-08:00

New frozen yogurt joints are poppin up all over the south bay these days, and I would have to say that Pinkberry has won the yogurt wars in the South Bay with a killer location right in the middle of Santana Row --luring you in for that refreshing cup of "froyo"-- LOCATION, LOCATION, LOCATION!! Red Mango came in a close 2nd with their new location in Valley Fair, but not the greatest location at the end of the mall. Wondering if yogurt will last? For now, I guess...

2008 Pending Inventory comparison

2009-01-20T14:08:00.000-08:00

We track inventory every week and it's interesting to compare the number of pending transactions for the same timeframe in years past. Take a look! Buyers are definitely jumping in the market here in the South Bay. Are we close to the bottom?

Santa Clara County Total Pending Transactions: Includes Single Family and Condos
(stats from the 3rd week of January from each year)

2009: 2098 units
2008: 763 units
2007: 1249 units
2006: 1373 units

Looking for 18% Interest on your Money?

2009-01-14T11:18:00.000-08:00

I have a great opportunity for a saavy investor to make 18% on their money for 90 days. Very high yield, moderate risk investment of $20,000 for 90 days. Please give me a call if you are interested! 408-396-0770

Pre-Foreclosure & Bank Owned Single Family Homes

2009-01-07T19:28:00.000-08:00

As of 1/7/2009

The following is a list of pre-foreclosure (short sale) and bank owned Single families that I'm tracking in the Santa Clara County area. Contact me for more info!

SINGLE FAMILY HOMES
1566 PLATEAU AV/$1815000/6+bed/3.5bath/4110sf/Los Altos
13119 ESTRALITA PL/$1750000/5bed/3bath/3102sf/Los Altos Hills
14805 FRUITVALE AV/$1699000/4bed/2bath/2432sf/Saratoga
20610 LOMITA AV/$1200000/3bed/2bath/1139sf/Saratoga
13424 KODIAC PL/$1149950/4bed/3bath/2194sf/Saratoga
18518 PASEO TIERRA/$1099000/4bed/2.5bath/2330sf/Saratoga
867 BRIARWOOD WY/$2650000/5bed/4+bath/8984sf/Campbell
21294 CINNABAR HILLS RD/$1490000/4bed/3.5bath/4955sf/San Jose
256 CASITAS BULEVAR/$1450000/4bed/2.5bath/2382sf/Los Gatos
2781 CLARA SMITH PL/$1248328/5bed/4+bath/4044sf/San Jose
13424 KODIAC PL/$1149950/4bed/3bath/2194sf/Saratoga
18518 PASEO TIERRA/$1099000/4bed/2.5bath/2330sf/Saratoga
4982 TUSCANY CI/$1050000/6+bed/4+bath/3518sf/San Jose
1674 HERITAGE BAY PL #33/$977000/5bed/4+bath/3188sf/San Jose
3924 SOUTIRAGE LN/$970000/4bed/3.5bath/2604sf/San Jose
4152 AREZZO POINTE CT/$965000/4bed/3.5bath/2300sf/San Jose
6480 HIRABAYASHI DR/$950000/4bed/2.5bath/2383sf/San Jose
3773 CHENLAN CT/$925000/5bed/2.5bath/3245sf/San Jose
3914 ALTADENA LN/$900000/6+bed/4+bath/2944sf/San Jose
1370 WESTMONT AV/$900000/4bed/3.5bath/3724sf/Campbell
6595 SLOPING MEADOW CT/$899000/4bed/2bath/2242sf/San Jose
1385 CAMINO ROBLES WY/$883000/4bed/2bath/2275sf/San Jose
2061 WENDOVER LN/$875000/4bed/3bath/2975sf/San Jose
851 STRICKROTH DR/$875000/4bed/3bath/2973sf/Milpitas
1140 MARTIN AV/$850000/4bed/3bath/2432sf/San Jose
14550 BLOSSOM HILL RD/$849900/6+bed/4+bath/2784sf/Los Gatos
1292 FREDA CT/$849000/5bed/2.5bath/2425sf/Campbell
769 SALT LAKE DR/$829888/4bed/3bath/3151sf/San Jose
6435 GONDOLA WY/$800000/5bed/3bath/2430sf/San Jose
4614 CHEENEY ST/$799999/4bed/3bath/2326sf/Santa Clara
5357 PRINCE ESTATES CT/$799999/4bed/3bath/2250sf/San Jose
1524 W HEDDING ST/$795000/4bed/3bath/2249sf/San Jose
7369 LONG VALLEY TE/$788888/5bed/3.5bath/2626sf/San Jose
910 TASSASARA DR/$779900/4bed/3bath/2874sf/Milpitas
1340 CLAYTON RD/$775000/3bed/2.5bath/2143sf/San Jose
322 CASA LOMA RD/$775000/3bed/2bath/1580sf/Morgan Hill
2995 VERNA DR/$750000/3bed/1.5bath/1813sf/San Jose
14943 CONWAY AV/$749000/4bed/2bath/2218sf/San Jose
940 CROCKETT AV/$740000/2bed/1bath/910sf/Campbell
3463 STORY RD/$739900/4bed/3.5bath/3754sf/San Jose
383 HUCKLEBERRY DR/$725000/5bed/3bath/2595sf/San Jose
2084 PLEASANT CREST CT/$714500/4bed/3bath/2181sf/San Jose
3412 CHEMIN DE RIVIERE/$700000/4bed/2.5bath/1989sf/San Jose
2353 FLICKINGER AV/$699888/5bed/3bath/2121sf/San Jose
1458 REDMOND AV/$699000/4bed/3bath/1928sf/San Jose
2052 PURCELL PL/$699000/4bed/2.5bath/2082sf/San Jose
1082 PINE AV/$699000/2bed/1bath/1389sf/San Jose
70 PARK SHARON DR/$694900/4bed/2.5bath/2922sf/San Jose
3358 DENSMORE CT/$684900/4bed/2bath/1605sf/San Jose
2085 CLARK AV/$680000/5bed/3bath/2175sf/Santa Clara
964 LA PALMA PL/$680000/4bed/3bath/1806sf/Milpitas
7108 GOLDENSPUR LP/$670000/4bed/2.5bath/2018sf/San Jose
1435 BERGIN PL/$651000/3bed/2bath/1166sf/Santa Clara
2563 GLEN ALMA WY/$650000/4bed/2.5bath/2946sf/San Jose
539 ELVIS DR/$650000/3bed/2bath/1668sf/San Jose
5218 SUMMIT AV/$649900/5bed/3bath/2855sf/San Jose
3151 FOWLER AV/$640000/3bed/2bath/1080sf/Santa Clara
3347 QUESADA DR/$635000/5bed/2.5bath/2243sf/San Jose
3048 MAUNA LOA CT/$630000/4bed/2bath/1561sf/San Jose
2271 WOODRANCH RD/$627750/5bed/3bath/2449sf/San Jose
1008 E EVELYN AV/$625000/3bed/2bath/1273sf/Sunnyvale
1619 MORGAN CT/$625000/4bed/2bath/1425sf/Mountain View
2581 GLEN HAIG WY/$625000/5bed/3bath/2533sf/San Jose
705 POTOMAC CT/$625000/4bed/2.5bath/2124sf/San Jose
15950 ALTA VISTA WY/$620000/3bed/3bath/2265sf/San Jose
7207 VIA COLINA/$619500/5bed/2.5bath/2345sf/San Jose
2183 CELESTE CT/$610000/4bed/2.5bath/2095sf/San Jose
3980 CHERRY AV/$609000/4bed/2.5bath/2300sf/San Jose
889 CAPE DIAMOND DR/$600000/4bed/2bath/2084sf/San Jose
983 CONNIE DR/$600000/3bed/2bath/1076sf/Campbell
181 WOODHAMS RD/$599999/2bed/2bath/1240sf/Santa Clara
3477 YUBA AV/$599900/4bed/2bath/1654sf/San Jose
15143 ROSEMAR AV/$599000/3bed/2bath/1823sf/San Jose
1246 WILLO MAR DR/$599000/4bed/2bath/1674sf/San Jose
202 VELVETLAKE DR/$599000/3bed/2bath/1408sf/Sunnyvale
307 WAR ADMIRAL AV/$599000/4bed/2.5bath/1732sf/San Jose
229 MEADOW PINE PL/$599000/3bed/2.5bath/1937sf/San Jose
2599 GLEN ALMA WY/$598000/4bed/2.5bath/2113sf/San Jose
642 SAN PATRICIO AV/$595000/5bed/3bath/1706sf/Sunnyvale
1473 BUENA LUNA CT/$590000/4bed/2bath/1742sf/San Jose
1831 CURTNER AV/$590000/3bed/2bath/1803sf/San Jose
2223 RADIO AV/$590000/4bed/3bath/1771sf/San Jose
5852 EMBEE DR/$590000/3bed/2.5bath/1830sf/San Jose
1127 PALAMOS AV/$588888/6+bed/3bath/2248sf/Sunnyvale
3471 RAMSTAD DR/$585000/3bed/2.5bath/2098sf/San Jose
2189 CELESTE CT/$585000/3bed/2.5bath/1881sf/San Jose
2058 MUIRWOOD WY/$580000/5bed/2.5bath/1408sf/San Jose
394 SPOSITO CI/$580000/4bed/2bath/1581sf/San Jose
1139 TRAUGHBER ST/$580000/6+bed/4+bath/2038sf/Milpitas
5302 MCKEE RD/$579950/3bed/2bath/2077sf/San Jose
6635 CATAMARAN ST/$579000/4bed/2bath/2010sf/San Jose
4063 PAYNE AV/$575000/4bed/2bath/1769sf/San Jose
2561 CLAREBANK WY/$574552/4bed/2bath/1253sf/San Jose
371 BROOKMERE DR/$569999/4bed/2.5bath/1722sf/San Jose
1532 HALLBROOK DR/$569950/5bed/2bath/1910sf/San Jose
3020 MARK AV/$569888/3bed/2bath/1170sf/Santa Clara
3256 TODD WY/$565000/3bed/2bath/1260sf/San Jose
471 SARATOGA AV/$560000/3bed/1.5bath/1411sf/Santa Clara
5556 SUNNY OAKS DR/$560000/6+bed/4+bath/2413sf/San Jose
2954 ABIGAIL LN/$559000/4bed/2.5bath/2291sf/San Jose
356 PERRY ST/$558000/4bed/2.5bath/2001sf/Milpitas
4777 VISTAPARK DR/$556000/4bed/2.5bath/2218sf/San Jose
4054 HEPPNER LN/$555000/4bed/2.5bath/2000sf/San Jose
1680 SIERRA RD/$550000/4bed/3bath/1599sf/San Jose
5415 STARCREST DR/$550000/3bed/2bath/1450sf/San Jose
402 MEADOWFAIRE WY/$550000/4bed/2.5bath/2027sf/San Jose
4139 ACAPULCO DR/$550000/4bed/2bath/1512sf/Campbell
229 LYNETTE WY/$550000/2bed/1bath/1730sf/San Jose
4939 KINGSTON WY/$550000/3bed/1bath/1297sf/San Jose
699 S CYPRESS AV/$550000/3bed/2bath/1316sf/San Jose
1889 TRIPOLI AV/$550000/4bed/2bath/1643sf/San Jose
3153 CABRILLO AV/$550000/3bed/2bath/1562sf/Santa Clara
14 LARISA OAKS PL/$549999/3bed/2.5bath/1662sf/San Jose
3323 BURGUNDY DR/$549990/4bed/2bath/1502sf/San Jose
1002 SPENCER AV/$549000/3bed/2bath/1184sf/San Jose
6101 GLEN HARBOR DR/$549000/4bed/2bath/1883sf/San Jose
1148 SUMMERDALE DR/$549000/4bed/2bath/2084sf/San Jose
1116 SUNRISE WY/$548500/4bed/2.5bath/1824sf/Milpitas
2229 LENOX PL/$545000/3bed/2.5bath/1351sf/Santa Clara
1070 MARYANN DR/$545000/3bed/1.5bath/1156sf/Santa Clara
1005 LAS PALMAS DR/$545000/3bed/2bath/1166sf/Santa Clara
4157 ARPEGGIO AV/$544000/4bed/2.5bath/2209sf/San Jose
259 SPENCE AV/$539900/3bed/2bath/1401sf/Milpitas
3384 GAVOTA AV/$539000/3bed/2bath/1288sf/San Jose
1285 EDSEL DR/$539000/4bed/2.5bath/2001sf/Milpitas
298 BURNING TREE DR/$539000/4bed/4+bath/1800sf/San Jose
3455 NEVES WY/$537500/4bed/3bath/1823sf/San Jose
2904 FAIRFAX AV/$535000/3bed/2bath/1545sf/San Jose
704 KIRK GLEN DR/$532000/4bed/2bath/2084sf/San Jose
107 FLINTWELL CT/$530000/4bed/2.5bath/1987sf/San Jose
449 KNOLLCREST AV/$530000/3bed/2.5bath/1457sf/San Jose
3774 YERBA BUENA AV/$530000/5bed/3bath/1967sf/San Jose
2923 STUTZ WY/$529000/3bed/2bath/1510sf/San Jose
398 MANFERD ST/$528888/3bed/2bath/1130sf/Milpitas
786 S 12TH ST/$525999/3bed/2.5bath/1999sf/San Jose
1993 LIMEWOOD DR/$525000/4bed/2bath/1711sf/San Jose
5815 ROHN WY/$525000/5bed/3bath/2239sf/San Jose
362 UTICA LN/$525000/4bed/2.5bath/2186sf/San Jose
540 EDELWEISS DR/$524900/3bed/3bath/1728sf/San Jose
798 CAROLINA AV/$524900/3bed/1bath/1056sf/Sunnyvale
2145 AMETHYST DR/$522000/3bed/2bath/1158sf/Santa Clara
1733 BLOSSOM HILL RD/$520000/6+bed/2bath/1598sf/San Jose
4172 ROSENBAUM AV/$520000/4bed/2bath/1723sf/San Jose
2801 MONTE CRESTA WY/$520000/4bed/2bath/1477sf/San Jose
2195 MONTEREY AV/$519000/3bed/2bath/1078sf/Santa Clara
2698 PLAZA AMERICAS/$519000/5bed/2.5bath/1999sf/San Jose
561 MORSE AV/$519000/4bed/2bath/1600sf/Sunnyvale
499 S PARK VICTORIA DR/$515000/4bed/2.5bath/2001sf/Milpitas
179 CARLING CT/$510000/4bed/2.5bath/1704sf/San Jose
365 ALLEGAN CI/$500000/4bed/2bath/1741sf/San Jose
4576 JONQUIL DR/$500000/3bed/2bath/1330sf/San Jose
824 ACACIA AV/$500000/3bed/2bath/1391sf/Sunnyvale
2691 BON BON DR/$500000/3bed/2bath/1203sf/San Jose
2255 ROYALTREE CI/$500000/3bed/2bath/1041sf/San Jose
780 REGENT PARK DR/$500000/4bed/2bath/1750sf/San Jose
4021 KELVINGTON CT/$500000/4bed/2bath/1610sf/San Jose
4974 RICE DR/$499999/4bed/2bath/1620sf/San Jose
2726 SUISUN AV/$499950/4bed/2bath/1557sf/San Jose
2223 PETTIGREW DR/$499950/3bed/2.5bath/1645sf/San Jose
1622 LAMA WY/$499950/4bed/1bath/1140sf/San Jose
833 E WILLIAM ST/$499900/4bed/3.5bath/2232sf/San Jose
6281 MAHAN DR/$499900/3bed/2bath/1412sf/San Jose
2023 S ROENOKE WY/$499500/3bed/1.5bath/1308sf/San Jose
1342 MOSSLAND DR/$499000/4bed/2bath/1234sf/San Jose
1430 MYRTLE AV/$499000/3bed/2bath/1440sf/San Jose
2581 PATRICIA DR/$499000/4bed/3bath/1835sf/Santa Clara
818 FOUNTAIN PALM CT/$499000/4bed/2.5bath/1797sf/San Jose
1490 DOXEY CT/$499000/3bed/2bath/1530sf/San Jose
1991 SIERRA RD/$499000/4bed/2bath/1168sf/San Jose
6882 IVEGILL CT/$499000/4bed/2bath/1308sf/San Jose
7286 URSHAN WY/$499000/4bed/2.5bath/1693sf/San Jose
1305 BIRD AV/$499000/3bed/2bath/1500sf/San Jose
3528 DAHILL CT/$499000/4bed/3bath/1599sf/San Jose
749 OVERLAND WY/$499000/3bed/2bath/1128sf/San Jose
1528 SANTA PAULA AV/$499000/4bed/1.5bath/1220sf/San Jose
479 BROWN AV/$498000/4bed/2.5bath/2206sf/San Jose
3197 YAKIMA CI/$495000/4bed/3bath/1799sf/San Jose
2844 LEXFORD AV/$495000/4bed/2bath/1666sf/San Jose
1318 KIPLING CT/$490000/3bed/2bath/1242sf/San Jose
115 E TAYLOR ST/$489000/2bed/1bath/1192sf/San Jose
2139 HURAN DR/$489000/4bed/2bath/1412sf/San Jose
1264 PRESCOTT AV/$488888/3bed/2bath/1108sf/Sunnyvale
522 LANFAIR CI/$485000/4bed/2.5bath/1651sf/San Jose
337 GREENPARK WY/$485000/3bed/2bath/1442sf/San Jose
2389 PLATEAU DR/$483950/3bed/3bath/1620sf/San Jose
2629 BON BON DR/$480000/4bed/2bath/1514sf/San Jose
190 DIXON RD/$480000/5bed/2bath/1371sf/Milpitas
569 MAPLE AV/$480000/3bed/1bath/1324sf/Sunnyvale
3831 GLENGARRY DR/$479900/3bed/2bath/1407sf/San Jose
2690 TOY LN/$479000/4bed/2bath/1404sf/San Jose
69 GRANDWELL WY/$475000/4bed/2.5bath/1717sf/San Jose
3310 DIAS DR/$475000/4bed/2bath/1788sf/San Jose
3078 MCLAUGHLIN AV/$475000/4bed/1.5bath/1886sf/San Jose
1343 TOFTS DR/$475000/2bed/2bath/1380sf/San Jose
1890 DAYTONA DR/$475000/5bed/3bath/1619sf/San Jose
1220 GAINSVILLE AV/$474950/3bed/2bath/1228sf/San Jose
1738 MOCKING PLACE WY/$470000/4bed/2bath/1478sf/San Jose
3025 BRADSHAW DR/$469900/3bed/2bath/1320sf/San Jose
1731 SAGELAND DR/$469000/5bed/3bath/1864sf/San Jose
574 CALERO AV/$468888/4bed/2bath/1345sf/San Jose
2922 MCLAUGHLIN AV/$468000/3bed/2.5bath/1815sf/San Jose
327 W VIRGINIA ST/$465000/3bed/1bath/1080sf/San Jose
153 HAYES AV/$464900/4bed/3bath/1862sf/San Jose
6902 AVENIDA ROTELLA/$459000/3bed/2bath/1754sf/San Jose
520 SIOUX LN/$459000/3bed/2bath/1208sf/San Jose
465 HEATHERBRAY CT/$459000/3bed/2bath/1424sf/San Jose
3651 MERIDIAN AV/$458037/3bed/2bath/1290sf/San Jose
3866 W CAMPBELL AV/$456000/3bed/2bath/1216sf/San Jose
5840 CAHALAN AV/$450000/4bed/2bath/1495sf/San Jose
4646 ARMOUR DR/$450000/3bed/2bath/1242sf/Santa Clara
1399 CRAILFORD CT/$450000/4bed/2.5bath/1850sf/San Jose
297 WHIRLAWAY DR/$450000/4bed/2.5bath/2048sf/San Jose
1839 NORSEMAN DR/$450000/3bed/2bath/1393sf/San Jose
3160 RIDDLE RD/$450000/3bed/2bath/1248sf/San Jose
1195 MANZANO WY/$450000/3bed/2bath/1360sf/Sunnyvale
1006 PEPITONE AV/$450000/5bed/2bath/1470sf/San Jose
556 KIRK AV/$449999/3bed/1bath/1076sf/Sunnyvale
3119 MODRED DR/$449950/3bed/2bath/1128sf/San Jose
2125 HOGAN DR/$449950/4bed/2bath/1635sf/Santa Clara
1272 BRIARCREST DR/$449000/3bed/2.5bath/1432sf/San Jose
1087 DREXEL WY/$449000/4bed/2bath/1703sf/San Jose
1044 CHESWICK DR/$449000/3bed/2.5bath/1760sf/San Jose
43 SOUTHCREEK CT/$449000/4bed/2bath/1355sf/San Jose
280 CARNEGIE DR/$449000/3bed/2bath/1436sf/Milpitas
481 S TEMPLE DR/$446800/3bed/1bath/1100sf/Milpitas
1443 HERVEY LN/$445000/2bed/1.5bath/1157sf/San Jose
3054 ARMDALE CT/$445000/4bed/2bath/1538sf/San Jose
1640 TERILYN AV/$445000/5bed/3bath/1306sf/San Jose
1464 KOOSER RD/$445000/4bed/2bath/1252sf/San Jose
629 KIOWA CI/$445000/4bed/2bath/1345sf/San Jose
1847 FOXWORTHY AV/$439900/3bed/2bath/1080sf/San Jose
1019 OBRIEN CT/$439000/2bed/2bath/1002sf/San Jose
275 WASHINGTON DR/$439000/3bed/2bath/1198sf/Milpitas
615 JOHANNA AV/$439000/3bed/1.5bath/999sf/Sunnyvale
4985 PAGE MILL DR/$439000/4bed/3bath/1732sf/San Jose
2601 KIMBALL DR/$437900/4bed/2bath/1618sf/San Jose
2543 BORAX DR/$430000/4bed/2bath/1489sf/Santa Clara
571 E ARBOR AV/$430000/3bed/2bath/1438sf/Sunnyvale
1905 HOGAN DR/$429000/3bed/2bath/1095sf/Santa Clara
1441 HILLSDALE AV/$429000/3bed/1bath/1102sf/San Jose
1063 DREXEL WY/$429000/3bed/2bath/1452sf/San Jose
6773 MOSELLE DR/$428000/4bed/2bath/1308sf/San Jose
5685 ENNING AV/$425999/3bed/2bath/1195sf/San Jose
4636 HOLYCON CI/$425000/3bed/2bath/1179sf/San Jose
14105 CANDLER AV/$425000/4bed/2bath/1349sf/San Jose
4637 DEMARET DR/$425000/4bed/2bath/1167sf/Santa Clara
593 ELMBROOK WY/$425000/3bed/2bath/1070sf/San Jose
20 ALEXANDER AV/$420000/3bed/2bath/1224sf/San Jose
2404 RINCONADA DR/$420000/3bed/1.5bath/1508sf/San Jose
1234 THORNMILL WY/$420000/3bed/2bath/1377sf/San Jose
3416 RUBION DR/$420000/4bed/2bath/1620sf/San Jose
575 E ARBOR AV/$420000/3bed/1bath/1009sf/Sunnyvale
21 S TERRACE CT/$419900/4bed/2bath/1355sf/San Jose
1493 LITTLE ORCHARD ST/$419000/5bed/2bath/1904sf/San Jose
3803 VERSAILLES CT/$419000/3bed/2.5bath/1505sf/San Jose
1697 FLICKINGER AV/$419000/3bed/2bath/1041sf/San Jose
544 MENKER AV/$418000/3bed/2bath/1144sf/San Jose
5789 BLOSSOM AV/$415000/4bed/2bath/1516sf/San Jose
1476 E SAN ANTONIO ST/$415000/4bed/2.5bath/1877sf/San Jose
419 S 6TH ST/$415000/4bed/2.5bath/2219sf/San Jose
974 KINGFISHER DR/$415000/3bed/2bath/1388sf/San Jose
265 KRISMER ST/$410000/3bed/2bath/1116sf/Milpitas
114 ESCAZU CT/$410000/4bed/2.5bath/1474sf/San Jose
1651 SILVERTREE DR/$410000/3bed/2bath/1041sf/San Jose
814 LAKEKNOLL DR/$409999/3bed/2bath/1270sf/Sunnyvale
678 E DUANE AV/$409999/3bed/1.5bath/1389sf/Sunnyvale
2623 LOMBARD AV/$409900/4bed/2bath/1316sf/San Jose
3155 GOLF DR/$409777/3bed/2bath/1242sf/San Jose
3302 DENTON WY/$409000/3bed/2bath/1120sf/San Jose
1360 E SAN ANTONIO ST/$408000/3bed/1.5bath/1092sf/San Jose
4760 ALLEGRO LN/$405000/4bed/2bath/1353sf/San Jose
3817 ROUEN CT/$405000/4bed/2.5bath/1722sf/San Jose
1302 TURRETT DR/$400000/4bed/2bath/1168sf/San Jose
75 WOODLAND CT/$400000/3bed/2bath/1010sf/Milpitas
375 HAZEN ST/$400000/3bed/1.5bath/1460sf/Milpitas
1706 BERONA WY/$400000/4bed/2bath/1353sf/San Jose
549 LASWELL AV/$400000/3bed/1bath/1152sf/San Jose
1397 FIRESTONE LP/$400000/3bed/2.5bath/1491sf/San Jose
140 W ARBOR AV/$400000/3bed/2bath/1267sf/Sunnyvale
59 PALA AV/$400000/4bed/3bath/1071sf/San Jose
3493 MARTEN AV/$400000/4bed/2.5bath/1679sf/San Jose
2783 MILLBRAE WY/$399999/3bed/2bath/1157sf/San Jose
1794 WOODRIDGE WY/$399999/3bed/2bath/1283sf/San Jose
534 HILLBRIGHT PL/$399999/3bed/2bath/1512sf/San Jose
3207 JULIO AV/$399950/3bed/1bath/1060sf/San Jose
2778 CHOPIN AV/$399950/3bed/1bath/1120sf/San Jose
756 E SAINT JAMES ST/$399950/4bed/2bath/2152sf/San Jose
568 COYOTE RD/$399900/3bed/2bath/1137sf/San Jose
1348 PARK PLEASANT CI/$399900/5bed/3bath/1917sf/San Jose
1882 MACDUEE CT/$399888/4bed/2bath/1210sf/San Jose
3616 BRIDAL PLACE CT/$399000/3bed/2bath/1320sf/San Jose
1396 CLIFFWOOD DR/$399000/5bed/3.5bath/1280sf/San Jose
773 DELMAS AV/$399000/4bed/2bath/1440sf/San Jose
3376 GULUZZO DR/$399000/4bed/2.5bath/1693sf/San Jose
479 N 20TH ST/$399000/3bed/2bath/1026sf/San Jose
72 CALLE DE GUADALUPE/$399000/5bed/2bath/1352sf/San Jose
2674 PAGANINI AV/$399000/5bed/3bath/1840sf/San Jose
29 CLAREVIEW AV/$398500/3bed/2bath/1578sf/San Jose
2892 PLUMAS DR/$395500/3bed/2bath/1472sf/San Jose
1630 BOWLING GREEN DR/$395000/3bed/2bath/1461sf/San Jose
1890 ABERDEEN CT/$391600/3bed/2bath/1111sf/San Jose
3072 KIRK RD/$390000/4bed/1bath/1140sf/San Jose
4337 HOUNDSBROOK WY/$390000/4bed/2bath/1296sf/San Jose
527 WAR ADMIRAL AV/$390000/4bed/3bath/1497sf/San Jose
1652 BOWLING GREEN DR/$390000/4bed/2bath/1550sf/San Jose
4629 APTOS AV/$389000/4bed/2bath/1458sf/San Jose
3562 GLASGOW CT/$385000/4bed/2bath/1513sf/San Jose
1239 LETITIA CT/$385000/4bed/2bath/1251sf/San Jose
161 S NOYO DR/$380000/3bed/1.5bath/1120sf/San Jose
13585 HIGHWOOD DR/$380000/3bed/1bath/1380sf/San Jose
411 NERDY AV/$380000/4bed/2bath/1215sf/San Jose
1779 CATHAY DR/$380000/3bed/2bath/1040sf/San Jose
5857 SOUTHWIND DR/$380000/4bed/2bath/1355sf/San Jose
477 SKALL DR/$380000/4bed/2.5bath/1607sf/San Jose
3021 WATER ST/$379900/3bed/1bath/1196sf/San Jose
2605 Ophelia AV/$379900/5bed/2.5bath/1615sf/San Jose
14202 LUCIAN AV/$379900/3bed/1bath/1033sf/San Jose
2038 GANA CT/$379888/3bed/2bath/1106sf/San Jose
464 BETH DR/$379500/3bed/2bath/1110sf/San Jose
1093 GRANADA WY/$379000/4bed/3bath/1898sf/San Jose
340 ROEDER CT/$379000/4bed/2bath/1170sf/San Jose
2788 WOODMOOR DR/$375500/3bed/2bath/1228sf/San Jose
1644 LONGVIEW ST/$375000/4bed/2bath/1236sf/San Jose
5216 ROEDER RD/$375000/3bed/2bath/1290sf/San Jose
894 LE COMPTE PL/$375000/4bed/2bath/1535sf/San Jose
1819 COURTNEY AV/$375000/3bed/2bath/1040sf/San Jose
1606 NICKEL AV/$375000/3bed/1.5bath/1038sf/San Jose
2224 FREYA DR/$375000/2bed/2bath/1061sf/San Jose
340 MANZANITA CT/$375000/3bed/2bath/1010sf/Milpitas
1532 FARRINGDON DR/$374950/3bed/2bath/1183sf/San Jose
935 S JACKSON AV/$370000/5bed/3bath/1640sf/San Jose
1677 TIERRA BUENA DR/$370000/4bed/2bath/1461sf/San Jose
4172 SANTA RITA WY/$369900/3bed/2bath/1308sf/San Jose
2381 BARLOW AV/$369900/4bed/1bath/1073sf/San Jose
2617 MOZART AV/$369900/5bed/2bath/1582sf/San Jose
239 CHALLENGER AV/$369000/3bed/2bath/1215sf/San Jose
3143 MOUNT RAINIER DR/$369000/4bed/2bath/1162sf/San Jose
2696 OPHELIA AV/$369000/4bed/2bath/1343sf/San Jose
1173 CAMANO CT/$365000/4bed/2bath/1350sf/San Jose
3102 MARTEN AV/$362000/3bed/2bath/1351sf/San Jose
1625 CENTER RIDGE DR/$360000/3bed/2bath/1106sf/San Jose
412 TIMBER WY/$360000/3bed/2bath/1010sf/Milpitas
3050 LITTLE WOOD LN/$360000/3bed/2bath/996sf/San Jose
582 MADRONE AV/$360000/3bed/1bath/1022sf/Sunnyvale
1252 MIDPINE AV/$359999/3bed/2bath/1236sf/San Jose
2434 ELKINS WY/$359900/3bed/3bath/1219sf/San Jose
3313 MOUNT MCKINLEY DR/$359900/3bed/1.5bath/1038sf/San Jose
3261 ROCKY MOUNTAIN DR/$359000/3bed/2bath/1040sf/San Jose
1400 BOWE AV #701/$359000/2bed/2bath/1062sf/Santa Clara
175 ROSWELL DR/$356000/3bed/2bath/1042sf/Milpitas
3465 MOUNT PRIETA DR/$356000/5bed/4+bath/1886sf/San Jose
1469 CATHAY DR/$355000/4bed/2bath/1276sf/San Jose
182 CHECKERS DR/$355000/4bed/2bath/1525sf/San Jose
260 LAUMER AV/$354900/3bed/1.5bath/1201sf/San Jose
2599 LOMBARD AV/$354888/3bed/2bath/1200sf/San Jose
598 E ARBOR AV/$350500/3bed/1bath/1009sf/Sunnyvale
378 SANTA ROSA DR/$350000/4bed/2bath/1308sf/San Jose
5241 PHARLAP AV/$350000/3bed/2bath/1290sf/San Jose
1547 ALDRICH WY/$350000/3bed/2bath/1107sf/San Jose
2735 CRAMER CI/$350000/4bed/2bath/1139sf/San Jose
3213 POMEROY AV/$350000/3bed/2bath/1296sf/San Jose
1215 DANFORTH CT/$350000/5bed/2bath/1995sf/San Jose
2928 WARM SPRINGS DR/$350000/3bed/2bath/1281sf/San Jose
2302 BLUEBELL AV/$350000/5bed/3bath/1654sf/San Jose
1674 ENESCO AV/$349900/3bed/1.5bath/1114sf/San Jose
2969 LITTLE WOOD LN/$349500/3bed/2bath/1172sf/San Jose
443 VAUGHN AV/$349000/4bed/2bath/1166sf/San Jose
808 ROYALBROOK CT/$349000/3bed/2bath/1007sf/San Jose
932 GERARD WY/$349000/3bed/2bath/1203sf/San Jose
1810 ORLANDO DR/$349000/4bed/2bath/1352sf/San Jose
3273 MOUNT RAINIER DR/$349000/5bed/2bath/1659sf/San Jose
3930 MARLETTE DR/$348000/3bed/2bath/1239sf/San Jose
2274 POPLAR DR/$346500/4bed/2bath/1200sf/San Jose
1263 DONCASTER WY/$345000/4bed/2bath/1242sf/San Jose
2128 ORLANDO DR/$345000/3bed/2bath/1040sf/San Jose
1618 SUNDOWN LN/$342863/3bed/2bath/1228sf/San Jose
4059 BROCK WY/$340000/3bed/1bath/1041sf/San Jose
876 DIANA AV/$340000/3bed/1.5bath/1113sf/San Jose
795 NOKOMIS DR/$340000/3bed/2bath/1442sf/San Jose
1882 DARWIN WY/$340000/3bed/2bath/960sf/San Jose
1470 EDSEL DR/$339900/3bed/2bath/1273sf/Milpitas
416 STROUD PL/$339000/3bed/1.5bath/1062sf/San Jose
1670 KARL ST/$336000/3bed/2bath/1126sf/San Jose
2918 SHERBROOKE WY/$335950/3bed/2bath/1134sf/San Jose
3790 DOTTIELYN AV/$334999/4bed/2bath/1215sf/San Jose
2060 NAIDA AV/$330000/3bed/2bath/1126sf/San Jose
1681 SHORTRIDGE AV/$330000/3bed/2bath/1259sf/San Jose
1802 CUNNINGHAM AV/$330000/3bed/2bath/1040sf/San Jose
1429 MOUNT WHITNEY DR/$329999/3bed/2bath/1000sf/San Jose
14040 LIEB CT/$329000/3bed/1bath/946sf/San Jose
2543 BAMBI LN/$329000/4bed/2bath/1242sf/San Jose
1758 BARBERRY LN/$328000/3bed/2.5bath/1301sf/San Jose
3859 HONOLULU DR/$325000/3bed/2bath/1457sf/San Jose
3393 BLUE MOUNTAIN DR/$325000/3bed/2bath/1271sf/San Jose
829 DERBE DR/$325000/3bed/2bath/1124sf/San Jose
2521 HOME CREST DR/$325000/3bed/2bath/1074sf/San Jose
2800 BUENA POINT CT/$325000/2bed/2bath/843sf/San Jose
827 SYLVANDALE AV/$325000/3bed/2bath/1007sf/San Jose
4094 MIRA LOMA WY/$322500/3bed/2bath/1123sf/San Jose
351 S 23RD ST/$322000/4bed/1bath/1738sf/San Jose
1427 GLENA CT/$320000/4bed/2bath/1329sf/San Jose
10274 DORIS AV/$320000/3bed/1bath/1056sf/San Jose
2190 CUNNINGHAM AV/$320000/3bed/2bath/1130sf/San Jose
1673 TAMPA WY/$320000/3bed/2bath/1121sf/San Jose
4639 TANGO WY/$320000/4bed/2bath/1511sf/San Jose
1789 COOLEY CT/$319000/3bed/2bath/1171sf/San Jose
127 S 21ST ST/$319000/4bed/2.5bath/1176sf/San Jose
497 SHERIDAN PL/$318000/3bed/2bath/1132sf/San Jose
3486 PITCAIRN WY/$316000/3bed/2bath/1110sf/San Jose
1851 E SAINT JAMES ST/$315000/3bed/1bath/1042sf/San Jose
1609 WAVERLY AV/$314900/3bed/2bath/1352sf/San Jose
594 MEKLER DR/$314900/3bed/2bath/1180sf/San Jose
1871 VOLLMER WY/$314224/3bed/2bath/1109sf/San Jose
1402 SUNNYCREST CI/$312000/3bed/2bath/1152sf/San Jose
1627 FLORIDA AV/$311600/3bed/2bath/1121sf/San Jose
1628 S KING RD/$310000/3bed/2bath/1040sf/San Jose
1236 POMPANO ST/$310000/3bed/2bath/1040sf/San Jose
2082 CRANWORTH CI/$309900/3bed/1bath/1000sf/San Jose
1883 S KING RD/$309900/4bed/2bath/1300sf/San Jose
10130 ENDFIELD WY/$309000/3bed/2bath/1318sf/San Jose
14401 CHRISLAND AV/$307000/3bed/1bath/997sf/San Jose
5589 CARRYBACK AV/$305000/3bed/1.5bath/1176sf/San Jose
2299 ORLANDO DR/$305000/4bed/2bath/1359sf/San Jose
523 JACKIE DR/$305000/4bed/2bath/1241sf/San Jose
1132 SUNNY CT/$300000/3bed/2bath/1101sf/San Jose
1937 MANDARIN WY/$300000/3bed/2bath/1400sf/San Jose
2208 TAMPA WY/$300000/3bed/2bath/1283sf/San Jose
4150 GION AV/$300000/3bed/2bath/1038sf/San Jose
1660 MOUNT OLIVEIRA DR/$300000/3bed/2bath/1064sf/San Jose
1450 CATHAY DR/$300000/3bed/2bath/1040sf/San Jose
1407 MOUNT SHASTA DR/$299999/3bed/1.5bath/1000sf/San Jose
2085 TAMPA WY/$299950/3bed/2bath/1525sf/San Jose
2696 BRAHMS AV/$299950/4bed/1.5bath/1120sf/San Jose
1125 OAKVIEW RD/$299900/2bed/1bath/1074sf/San Jose
335 SENTER RD/$299900/3bed/2bath/1473sf/San Jose
1398 BALI CT/$299900/3bed/1bath/1061sf/San Jose
2021 KILCHOAN WY/$299900/3bed/2bath/1061sf/San Jose
1440 MOUNT DIABLO DR/$299500/3bed/2bath/1000sf/San Jose
413 EL CAJON DR/$299000/3bed/2bath/1123sf/San Jose
3262 FIRTH WY/$299000/2bed/1bath/805sf/San Jose
3469 MOUNT MADONNA DR/$299000/3bed/2bath/1222sf/San Jose
3003 MARKINGDON AV/$299000/3bed/2bath/1188sf/San Jose
137 BASCH AV/$299000/2bed/1bath/832sf/San Jose
138 AZUCAR AV/$299000/3bed/2bath/1206sf/San Jose
2928 ALVIENA DR/$299000/2bed/1bath/827sf/San Jose
1938 DAYTONA DR/$299000/4bed/2bath/1352sf/San Jose
1180 TALLAHASSEE DR/$298888/3bed/1bath/1073sf/San Jose
634 SERENADE CT/$298000/5bed/3bath/1618sf/San Jose
1873 SEAVIEW DR/$297416/3bed/2bath/1236sf/San Jose
110 MELROSE AV/$295000/2bed/1bath/816sf/San Jose
2173 ORLANDO DR/$290900/3bed/2bath/1040sf/San Jose
1949 NAPLES DR/$290000/3bed/2bath/1040sf/San Jose
12014 CARVER ST/$290000/2bed/1bath/1201sf/San Jose
244 PALACIO ROYALE CI/$290000/4bed/2.5bath/1474sf/San Jose
14430 HIGHGROVE CT/$289900/3bed/1bath/1200sf/San Jose
668 DAKOTA DR/$289000/3bed/2bath/1184sf/San Jose
2010 BIKINI AV/$289000/3bed/1bath/1061sf/San Jose
480 RAYMOND AV/$289000/2bed/1bath/898sf/San Jose
1473 MOUNT DIABLO DR/$289000/3bed/2bath/1198sf/San Jose
1780 CATHAY DR/$288920/3bed/2bath/1040sf/San Jose
1236 S 2ND ST/$280000/2bed/1bath/1186sf/San Jose
2757 AIDA AV/$279900/4bed/2bath/1232sf/San Jose
2370 POPLAR DR/$279000/3bed/2bath/1640sf/San Jose
2064 MENDOTA WY/$278888/3bed/2bath/1232sf/San Jose
63 BASCH AV/$275000/3bed/2bath/1032sf/San Jose
2724 OTHELLO AV/$275000/3bed/1.5bath/1043sf/San Jose
1381 HOPKINS DR/$275000/3bed/2bath/1126sf/San Jose
10321 RYAN ST/$275000/3bed/2bath/997sf/San Jose
10284 CHRISLAND CT/$274790/3bed/1bath/1212sf/San Jose
1479 MOUNT WHITNEY DR/$269000/3bed/2bath/1000sf/San Jose
10130 TORRANCE AV/$269000/4bed/2bath/1184sf/San Jose
4002 SAN YSIDRO WY/$268888/3bed/2bath/1123sf/San Jose
4185 SANTA SUSANA WY/$265000/3bed/1bath/900sf/San Jose
10081 KENILWORTH WY/$265000/3bed/1bath/1060sf/San Jose
237 S 33RD ST/$256000/3bed/2bath/1148sf/San Jose
240 SAN ANTONIO CT/$252000/4bed/2bath/1150sf/San Jose
1273 CIVIC CENTER DR/$251797/2bed/1bath/626sf/Santa Clara
1196 SHORTRIDGE AV/$251160/3bed/1.5bath/1672sf/San Jose
1210 GAINSVILLE AV/$250000/3bed/1bath/1073sf/San Jose
515 E SAINT JAMES ST/$250000/2bed/1bath/832sf/San Jose
1482 JUNE AV/$250000/3bed/1bath/960sf/San Jose
559 EZIE ST/$250000/3bed/2bath/1113sf/San Jose
92 AZUCAR AV/$250000/3bed/2bath/1290sf/San Jose
1391 BALI CT/$249995/2bed/1bath/853sf/San Jose
1604 MONTEVIDEO LN/$249900/3bed/2bath/1228sf/San Jose
1933 LOYOLA DR/$249000/3bed/2bath/1040sf/San Jose
1245 TERILYN AV/$249000/3bed/2bath/1178sf/San Jose
10265 RYAN ST/$246900/3bed/1bath/1163sf/San Jose
1490 BERKSFORD WY/$245000/3bed/2bath/1188sf/San Jose
1509 BAHAMA WY/$240000/3bed/2bath/1040sf/San Jose
1713 MARGARET ST/$240000/2bed/1bath/804sf/San Jose
1334 WOODALE CT/$239900/3bed/1bath/1040sf/San Jose
349 WOOSTER AV/$239900/2bed/1bath/1042sf/San Jose
10338 LOCHNER DR/$237900/3bed/1bath/887sf/San Jose
10121 TORRANCE AV/$237500/3bed/1bath/946sf/San Jose
131 BASCH AV/$230000/2bed/1bath/832sf/San Jose
282 S CRAGMONT AV/$225000/2bed/1bath/872sf/San Jose
1526 PRIMM AV/$220000/3bed/1bath/960sf/San Jose
4099 SAN SIMEON WY/$220000/5bed/3bath/1965sf/San Jose
1435 PALMWOOD DR/$215000/2bed/1bath/752sf/San Jose
1206 TURTLEROCK DR/$204000/2bed/1bath/853sf/San Jose
1587 FLORIDA AV/$196800/3bed/1bath/960sf/San Jose
1544 JUNE AV/$187680/3bed/1bath/960sf/San Jose
870 STATE ST/$185000/2bed/1bath/996sf/San Jose
338 E JULIAN ST/$168773/2bed/1bath/1532sf/San Jose
224 W VIRGINIA ST/$157900/2bed/1bath/872sf/San Jose

Pre Foreclosure and Bank Owned Condos!

2009-01-07T18:15:00.000-08:00

As of 1/7/2009
The following is a list of pre-foreclosure (short sale) and bank owned properties that I'm tracking in the Santa Clara County area.
There is a lot of opportunity to pounce on a great deal right now. Contact me now for more info on any specific property you see!

CONDO/TOWNHOMES

344 MONTECITO WY/$356500/2bed/2.5bath/1165sf/Milpitas

6921 RODLING DR #C/$359000/3bed/2.5bath/1129sf/San Jose

78 CHERRY RIDGE CT/$359000/2bed/2.5bath/1228sf/San Jose

1635 LOS SUENOS AV/$364900/3bed/2.5bath/1254sf/San Jose

7042 BURNING HILLS PL/$365000/3bed/2.5bath/1656sf/San Jose

3107 CEDARCREST LN/$365000/3bed/2.5bath/1452sf/San Jose

7104 CORAL GABLES CI/$367900/3bed/2bath/1640sf/San Jose

440 NAVARO PL #00119/$369000/1bed/1bath/870sf/San Jose

150 YASOU DEMAS WY/$369000/3bed/3bath/1318sf/San Jose

556 FENTON ST/$370000/4bed/2bath/1148sf/San Jose

255 S RENGSTORFF AV #109/$370000/2bed/2bath/1003sf/Mountain View

19419 VINEYARD LN/$371900/1bed/1bath/724sf/Saratoga

725 MARIPOSA AV #106/$375000/2bed/2bath/1048sf/Mountain View

1677 Parkview Green CI/$375000/2bed/1bath/940sf/San Jose

285 SUMBA CT/$380000/2bed/2bath/1122sf/San Jose

307 W ALMA AV/$381000/3bed/2.5bath/1585sf/San Jose

2025 CALIFORNIA ST #00041/$388000/2bed/1bath/895sf/Mountain View

2309 WARFIELD WY #C/$388000/3bed/1.5bath/1165sf/San Jose

2436 TAMMEY CT/$395000/3bed/2.5bath/1727sf/San Jose

1575 DELANTE TE/$398988/2bed/2.5bath/1013sf/San Jose

1921 ROCK ST #4/$399000/2bed/1.5bath/972sf/Mountain View

1099 WARREN AV #00109/$399000/2bed/2bath/1171sf/San Jose

905 W MIDDLEFIELD RD #907/$399000/2bed/2bath/998sf/Mountain View

2422 MADDEN TE/$399000/3bed/2.5bath/1471sf/San Jose

2559 LANCASTER CT/$399000/3bed/1.5bath/1311sf/Santa Clara

1390 SADDLE RACK ST #426/$399000/2bed/2bath/1258sf/San Jose

879 BREA LN/$399000/2bed/2bath/1257sf/San Jose

4565 CIMARRON RIVER CT/$399000/4bed/2.5bath/1760sf/San Jose

905 APRICOT AV #F/$399000/2bed/2bath/1187sf/Campbell

177 PARC PLACE DR/$399886/2bed/2.5bath/1104sf/Milpitas

3128 LOMA VERDE DR #312/$399950/2bed/2bath/901sf/San Jose

2626 VILLA CORTONA WY/$400000/3bed/2.5bath/1482sf/San Jose

801 S WINCHESTER BL #6304/$400000/2bed/2bath/871sf/San Jose

350 E MISSION ST #101/$405000/1bed/1.5bath/1367sf/San Jose

1031 CLYDE AV #1203/$409000/2bed/2.5bath/1300sf/Santa Clara

937 MONARCH CI/$410000/2bed/2bath/1257sf/San Jose

735 NORTHRUP ST/$412900/3bed/2.5bath/1450sf/San Jose

2560 S PARK LN/$419000/3bed/2bath/1334sf/Santa Clara

2024 SONADOR/$419500/2bed/2.5bath/1860sf/San Jose

161 LAUREL GROVE LN/$422500/4bed/2.5bath/1650sf/San Jose

101 REDDING RD #C5/$425000/2bed/1.5bath/1279sf/Campbell

1327 FRUITDALE AV/$425000/3bed/2.5bath/1291sf/San Jose

858 FASCINATION PL/$425000/2bed/2bath/1158sf/Milpitas

3581 KLAUS DR/$429900/3bed/2.5bath/1625sf/San Jose

359 IMAGINATION PL/$430000/3bed/3bath/1243sf/Milpitas

1022 LIEBELT CT/$435000/3bed/2.5bath/1450sf/San Jose

2580 HOMESTEAD RD #2201/$435900/3bed/2bath/1014sf/Santa Clara

3901 LICK MILL BL #420/$436900/2bed/2bath/1148sf/Santa Clara

3901 LICK MILL BL #262/$439000/2bed/2bath/1148sf/Santa Clara

3115 LOMA VERDE DR #31/$439500/2bed/2.5bath/1308sf/San Jose

128 SUNOL ST/$439900/3bed/3bath/1584sf/San Jose

1094 MENTE LINDA LP/$440000/2bed/2bath/1372sf/Milpitas

2610 SIERRA VILLAGE CT/$449000/2bed/2.5bath/1430sf/San Jose

2294 WINEPOL LP/$449500/2bed/2bath/1144sf/San Jose

2679 VILLA CORTONA WY/$449900/4bed/3.5bath/1888sf/San Jose

2383 SHORESIDE CT/$458000/4bed/2.5bath/1800sf/Santa Clara

701 N RENGSTORFF AV #2/$458900/2bed/1bath/1332sf/Mountain View

1777 LAFAYETTE ST #124/$459900/1bed/1bath/1530sf/Santa Clara

1152 BRACE AV #2/$464900/2bed/1.5bath/954sf/San Jose

334 SANTANA RW #245/$468000/1bed/1bath/736sf/San Jose

2266 CREEK BED CT/$469900/4bed/2.5bath/1800sf/Santa Clara

2119 SONADOR/$470000/2bed/2.5bath/1860sf/San Jose

237 CAHILL PARK DR/$470000/3bed/2.5bath/1581sf/San Jose

35 CURTIS AV/$470000/3bed/2bath/1530sf/Milpitas

6095 CALLE DE AMOR/$475000/2bed/2.5bath/1490sf/San Jose

102 ESCOBAR AV/$479000/2bed/2bath/1015sf/Los Gatos

183 PARC PLACE DR/$480000/3bed/3bath/1280sf/Milpitas

357 DESTINO CI/$480000/4bed/2.5bath/1954sf/San Jose

144 S 3RD ST #127/$489000/2bed/2.5bath/1542sf/San Jose

1650 FERN PINE CT/$490000/4bed/2.5bath/1647sf/San Jose

144 S 3RD ST #425/$496000/2bed/2bath/1493sf/San Jose

1137 SIERRA MADRES TE/$498000/2bed/2.5bath/1667sf/San Jose

4760 RASPBERRY PL/$499000/4bed/2.5bath/1408sf/San Jose

144 S 3RD ST #401/$499000/2bed/2bath/1421sf/San Jose

134 CARROLL ST #303/$499000/3bed/2bath/1200sf/Sunnyvale

323 CEREZA PL/$499000/2bed/2.5bath/1620sf/San Jose

3294 PAYNE AV/$499000/3bed/2.5bath/1567sf/San Jose

648 ASH CT/$520000/4bed/3bath/1412sf/Campbell

378 OLIVE HILL DR/$520000/3bed/2.5bath/1700sf/San Jose

14345 SARATOGA AV #34/$524000/2bed/1bath/925sf/Saratoga

173 ORTEGA AV/$524999/2bed/2.5bath/1584sf/Mountain View

626 ALTINO BL/$539000/3bed/2.5bath/1750sf/San Jose

530 PORPOISE BAY TE #C/$540000/2bed/2.5bath/1480sf/Sunnyvale

1354 DALE AV #13/$549900/2bed/2.5bath/1478sf/Mountain View

173 SIERRA VISTA AV #00019/$550000/3bed/2.5bath/1490sf/Mountain View

1283 SHELBY CREEK LN/$575000/3bed/2bath/1155sf/San Jose

4246 LAUTREC DR/$575000/3bed/2.5bath/1532sf/San Jose

4283 NE VOLTAIRE ST/$595000/3bed/2.5bath/1601sf/San Jose

4461 LITTLE MEADOW CT/$598405/4bed/2.5bath/1489sf/San Jose

1914 WATERLOO CT/$599000/3bed/2bath/1474sf/San Jose

1233 SIERRA VILLAGE PL/$600000/3bed/2.5bath/1556sf/San Jose

3105 PINOT GRIGIO PL/$615000/3bed/2.5bath/1626sf/San Jose

671 MONTARA TE/$617000/3bed/3bath/1612sf/Sunnyvale

120 CARLTON AV #2/$619000/3bed/2.5bath/1604sf/Los Gatos

4478 LAIRD CI/$645000/3bed/3bath/1588sf/Santa Clara

5401 SILVER VISTA WY/$649910/3bed/2bath/2154sf/San Jose

4550 LICK MILL BL/$699000/3bed/2.5bath/1894sf/Santa Clara

788 BATISTA DR/$730000/4bed/3.5bath/2356sf/San Jose

4332 RED MAPLE CT/$758000/3bed/3.5bath/2687sf/San Jose

901 GARRITY WY/$799000/3bed/2.5bath/1900sf/Santa Clara

Cupertino Rancho Rinconada Stats

2008-12-16T13:02:00.000-08:00

Cupertino Real Estate - Trulia

PEBBLE BEACH STEAL!

2008-12-15T11:30:00.000-08:00

A well located 3 bedroom/3 bath just came on the market in Pebble Beach for UNDER $1 million!!! Greenbelt Location...Quiet Neighborhood...Landscaped Yards...Located between Spyglass, Poppy Hills and MPCC. Call me for more info at 408-396-0770! Pictures coming soon~Let me know if you want me to send photos!

SANTANA ROW LOFT!! HOLIDAY PRICING FOR AN AWESOME LOFT!!!

2008-12-13T11:06:00.001-08:00

This unit has it all - 1 bedroom with den, loft unit, FACING Santana Row, with a rare full catwalk too! No red X earthquake support beam in the windows like others! This is a GEM! Offered at a great price of $560,000. If you want a perfect location and amenity unit at a steal of a price, let me show you this today! Right above BCBG! Call me now before it's too late! 408-396-0770

Full details at http://tinyurl.com/6keusd

A Thanksgiving Treat from the Fed! Gobble Gobble!

2008-11-26T11:48:00.001-08:00

From my friends at the Loan Story--Maria Chen

Happy Thanksgiving – Mortgage Rates Plunge!
Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year!

If you have been on the fence about buying or refinancing a home, now is the time to act. Interest rates are extremely low and home prices in some areas are at 2003-2004 levels. Add to that recent declines in energy prices and lower consumer interest rates, and you have a great holiday recipe for success, but only if you give us a call.

Don't wait until next week! You never know what's going to happen!! Rates have already been very volatile and this opportunity might not survive the holidays. In many markets, falling prices are bringing out buyers that have been waiting to buy and they are scooping up both bargains and hot properties!

I'm here to help. If we don't speak before Thursday, however, I wish you and your family a wonderful and Happy Thanksgiving!

2009 California Housing Forecast--Local Data is Key

2008-10-30T12:13:00.000-07:00

I have been getting a lot of questions asking me for my 2009 predictions on the market so I thought I would share this great video post from the California Association of Realtor's Chief Economist, Leslie Appleton Young. Listen to the CHIEF! This gives you a detailed picture of what has been going on for the last 3-5 years and how the downturn started WAY before we were all talking about it. In a nutshell, the predictions state that most areas in California will post a decline in home prices for 2009, as the number of sales (actual # of transactions closed) will continue to increase as they have been in the past couple of months. Also, more important than ever is breaking down the data locally since many zip codes can vary greatly. Good news for those of you buyers who have been waiting on the sidelines, it's time to pull the trigger.

To watch the full video go to www.car.org and the video should be there for you to see on the front page. The slides are a bit blurry so let me know if you would like a full copy of the slides.

If you're ready to jump in, look out for the Bank Owned list that I will be sending out for November!

The Deal on Jumbo Loan Limits

2008-10-26T17:48:00.001-07:00

This is hot off the presses from one of my loan partners Valerie at Prospect Mortgage:

Please note the very important changes below for loan amounts between $417,000 and $729,750. Make sure you are aware of these upcoming changes as interest rates and loan qualifications will be greatly affected. It is anticipated (but not guaranteed) that the new agency jumbo loan limits will now go up to $625,000 instead of $729,750. Any loan amount over $625,000 would receive standard Jumbo pricing which is much higher than the current Agency Jumbo Rates.

Give me a call if you need to speak to my great lender partner about how this may affect you. 408-396-0770

RENEGOTIATING YOUR LOAN

2008-10-26T03:14:00.001-07:00

In the midst of the economic meltdown, many homeowners are finding themselves in mortgage mayhem as adjustable rate mortgages start to adjust and payments dramatically increase. If you find yourself worrying about how you are going to make your next mortgage payment while keeping the lights on, you may want to give your lending institution a call to permanently lower your monthly payment. Here’s how:

1. Call the Bank: This is the bank that you pay your mortgage to every month. Grab your monthly mortgage statement and you should be able to find the contact information on the upper left or right hand corner of the statement. Ask for the “Loss Mitigation” department. If you get routed to customer service first, escalate to the supervisors and be persistent about speaking to a representative in Loss Mitigation to restructure/renegotiate your loan.

2. Paint the Picture: Once you get to Loss Mitigation, explain to the representative why you are having a hard time paying your loan (you can also be proactive and do this prior to your loan adjusting). Be ready to provide solid financial documentation as they are not going to take your word for it. Once they receive all of your information they will run your Debt to Income Ratio just like they did when you were qualifying for your loan and determine whether you will be a candidate for renegotiation

3. Provide Paperwork: If your lender decides to let you renegotiate your loan, do WHATEVER they say and send in everything they ask for within the require time periods otherwise, you may blow the deal completely!

Once you provide everything they need, you should receive paperwork with new loan terms spelled out. CAREFULLY READ over the new terms carefully to ensure it’s what was agreed to over the phone.

See my post on http://factoidz.com/?p=467

Santa Clara County Bank Owned Condos as of 10/1

2008-10-09T10:07:00.000-07:00

If you would like more information on single family homes or multi-residential Bank Owned Inventory, please contact me.

List Price/Street Address/City/Bldg SqFt
584900/1924 MERIDIAN AV/San Jose/1949
569900/3079 DUNHAM WY/San Jose/1712
544900/2679 VILLA CORTONA WY/San Jose/1888
494900/814 FASCINATION PL/Milpitas/1369
470000/5104 WESTMONT AV #17/San Jose/1105
469900/344 MONTECITO WY/Milpitas/1165
435000/380 IMAGINATION PL/Milpitas/1012
419900/2502 YERBA HILLS CT/San Jose/1216
415000/3323 BENTON ST/Santa Clara/1476
399000/870 FREMONT ST #105/Santa Clara/1408
389900/2869 S BASCOM AV #501/Campbell/841
359900/5033 GREY FEATHER CI/San Jose/1137
354900/1796 BATTERSEA CT/San Jose/1176
339900/279 TRADEWINDS DR #7/San Jose/1252
337400/1515 ALMA TE/San Jose/1071
329900/5535 DON OCTAVIO CT/San Jose/1439
327900/1920 MESSINA DR/San Jose/968
320000/3588 PAYNE AV #14/San Jose/1032
314900/946 KIELY BL #E/Santa Clara/956
314900/4685 ALBANY CI #121/San Jose/813
314900/4908 CALLE DE ESCUELA/Santa Clara/1080
309900/3314 INNERWICK LN/San Jose/1131
299900/7064 MOUNT VERNON WY/Gilroy/1645
299900/5082 SUTTER CREEK CI/San Jose/816
299900/2158 GALVESTON AV #0000D/San Jose/1125
299900/425 CARPENTIER WY/San Jose/1442
299000/96 POAS CI/San Jose/1180
290000/201 SUNWOOD MEADOWS PL/San Jose/920
284900/185 SILCREEK DR/San Jose/1318
279900/144 SURREY CT/Milpitas/980
269900/3179 KENLAND DR/San Jose/1012
269000/77 SILCREEK DR/San Jose/1318
267000/297 GRECIA CT/San Jose/1474
259900/3598 PAYNE AV #00009/San Jose/1080
255000/2937 ROSE AV/San Jose/1235
250999/2945 ROSE AV/San Jose/1235
249900/355 RIO VERDE PL #00001/Milpitas/1050
249900/5160 CRIBARI KL/San Jose/1240
246900/18216 HALE AV #A/Morgan Hill/1145
239900/171 RANCHO MANOR CT/San Jose/1034
236635/4012 SHANJ CT/San Jose/1042
235047/3154 KENLAND DR/San Jose/1012
230900/3569 GUM TREE DR/San Jose/1249
230199/687 BALFOUR DR/San Jose/1075
229900/3165 KENLAND DR/San Jose/1094
229900/327 KENBROOK CI/San Jose/1094
224900/274 OROSI WY/San Jose/1180
224900/354 KENBROOK CI/San Jose/1094
224900/5468 SPINNAKER WALKWAY #1/San Jose/810
219900/1395 MCQUESTEN DR #0000D/San Jose/876
219900/18214 HALE AV #B/Morgan Hill/1145
219900/5581 SPINNAKER DR #3/San Jose/903
214997/3127 KENLAND DR/San Jose/1012
214900/824 BLOSSOM HILL RD #4/San Jose/798
210000/5725 CALMOR AV #1/San Jose/810
209900/36 MUIRFIELD CT/San Jose/1054
209900/510 CINNAMON DR/San Jose/1017
204900/5497 SPINNAKER WALKWAY #2/San Jose/903
200000/2474 GOLZIO CT #1/San Jose/810
199900/259 N CAPITOL AV #00106/San Jose/828
199900/797 DELAWARE AV #1/San Jose/810
197900/259 N CAPITOL AV #201/San Jose/828
197000/210 STONEGATE CI/San Jose/704
196900/3120 SHADOW SPRINGS PL/San Jose/866
194900/310 TRADEWINDS DR #3/San Jose/959
189900/259 N CAPITOL AV #B147/San Jose/955
189900/360 KENBROOK CI #139/San Jose/1012
189000/32 CASTLECREST DR/San Jose/704
185500/918 BELLHURST AV/San Jose/986
185405/2066 OJO DE AGUA CT/San Jose/1000
183000/1043 BELLHURST AV/San Jose/986
179500/7757 GHIRLANDA CT/Gilroy/908
179000/1411 MCQUESTEN DR #C/San Jose/1150
174900/5336 MONTEREY HW #1/San Jose/950
174900/7785 GHIRLANDA CT/Gilroy/908
174900/162 MONTE VERANO CT/San Jose/597
172500/906 BELLHURST AV/San Jose/986
170200/555 7 TREES VILLAGE WY/San Jose/801
169900/477 CARPENTIER WY/San Jose/941
169900/5598 JUDITH ST #4/San Jose/798
158900/3640 ADLER CT/San Jose/1017
155500/7755 GHIRLANDA CT/Gilroy/908
154900/131 PUERTO GOLFITO CT/San Jose/1000
149900/3205 KENHILL DR/San Jose/724
149900/7758 CHESTNUT ST/Gilroy/908
139500/7709 MURRAY AV/Gilroy/908
109100/81 CASTLEBRIDGE DR/San Jose/1456

Santa Clara County Market Stats as of 9/27/08

2008-10-01T15:36:00.000-07:00

Here are the numbers for the week ending 9/27/08.

INVENTORY CHANGE

FOR THE THIRD QUARTER OF 2008

Single Family Homes:

Date	Active	Active Percent Change from Previous Week	Pending	Pending Percent Change from Previous Week
6/28/08	5226		1728
7/5/08	5128	Down 1.9%	1709	Down 1.1%
7/12/08	5189	Up 1.2%	1728	Up 1.1 %
7/19/08	5210	Up 0.4%	1756	Up 1.6%
7/26/08	5251	Up 0.8%	1777	Up 1.2%
8/2/08	5136	Down 2.2%	1807	Up 1.7%
8/9/08	5115	Down 0.4%	1895	Up 4.9%
8/16/08	5071	Down 0.9%	1921	Up 1.4%
8/23/08	5043	Down 0.6%	1907	Down 0.7%
8/30/08	4991	Down 1.0%	1864	Down 2.3%
9/6/08	4899	Down 1.8%	1894	Up 1.6%
9/13/08	4817	Down 1.7%	1927	Up 1.7%
9/20/08	4797	Down 0.4%	1941	Up 0.7%
9/27/08	4804	Up 0.1%	1893	Down 2.5%

Overall Change from 6/28/08 to 9/27/08:

Active:

Down 8.1%

Pending:

Up 9.5%

________________________________________________________________________

Condo/Townhome Properties:

Date	Active	Active Percent Change from Previous Week	Pending	Pending Percent Change from Previous Week
6/28/08	1671		495
7/5/08	1604	Down 4.0%	506	Up 2.2%
7/12/08	1618	Up 0.9%	523	Up 3.6%
7/19/08	1645	Up 1.7%	534	Up 2.1%
7/26/08	1624	Down 1.3%	545	Up 2.1%
8/2/08	1617	Down 0.4%	542	Down 0.6%
8/9/08	1621	Up 0.2%	545	Up 0.6%
8/16/08	1627	Up 0.4%	535	Down 1.8%
8/23/08	1617	Down 0.6%	558	Up 4.3%
8/30/08	1594	Down 1.4%	555	Down 0.5%
9/6/08	1568	Down 1.6%	569	Up 2.5%
9/13/08	1531	Down 2.4%	584	Up 2.6%
9/20/08	1534	Up 0.2%	585	Up 0.2%
9/27/08	1526	Down 0.5%	587	Up 0.3%

Overall Change from 6/28/08 to 9/27/08

Publish Post

Active:

Down 8.7%

Pending:

Up 18.6%

Palo Alto Multi-Unit opportunity!

2008-09-22T23:01:00.000-07:00

Phenomenal Palo Alto Multi-Unit 6-Plex Opportunity!

If you are interested in an investment or looking to partner up, you may want to consider this well kept multi-family building on Emerson Street in Palo Alto that just came on the market. 6 units, all large 2 and 3 bedroom units - in a great location - this would be a wonderful Tenant In Common (TIC) opportunity for 6 enterprising buyers. This is a good sized building of 5,520 square feet, well maintained with covered parking and coin laundry for tenants. Offered at $1,895,000. Contact me for more details!!

Don't meltdown your AC!!

2008-07-24T17:11:00.001-07:00

As the summer heats up and the AC is pumping, don't forget to check your filters and change them out every 60-90 days! We saw an unfortunate situation today where the filter was so dirty that it froze the AC and created a major meltdown, flooding the attic space and creating massive leakage from the ceiling to the floor. It was not a fun mess to clean up.

Filters are essential in the battle against germs, bacteria and dust, but they can also prevent air from flowing out if you don't change them out frequently. Once they are clogged, cold air will circulate inside the unit and freeze it like an ice cube. Once the AC shuts off, the ice will melt and create all sorts of problems. At least this is what happened today.

In our busy lives we forget the little things but changing your filters is definitely one to set up on your calendar as a repeat event. Filters super cheap at $4-5 bucks each. By 5 or 10 of them! Trust me! You will save yourself at least $300 and a lot of energy and time!!

Investors looking for a duplex

2008-07-22T18:28:00.001-07:00

We are tracking duplex that recently came onto the market. A good investment for anyone looking to live in one unit and rent out the other. Priced at a palatable $839,000.

One 2 bedroom/2bath unit rented for $1400 and one 2 bedroom/1 bath unit renting for $1200 situated on a large 9,690sf lot. Located right off Almaden Road in Willow Glen. For more information please contact me. This may be the one you are looking for.

Short Sale Shananigans

2008-07-03T10:24:00.000-07:00

Although you might be getting a good price when purchasing a short sale, don't think it doesn't come with a lot of waiting and headaches. As demand for short sales continues to increase, banks have also gotten smarter. In the past and even now, junior lien holders (ie. the bank that holds a 2nd loan, 3rd etc.) usually walk away from short sales with a nominal amount or just a complete loss on their books. Not the case anymore.

Yesterday, my first time homebuyer was getting his champagne bottle ready when we suddenly received a call that we could not record with the county as the bank holding the 2nd loan on the seller refused to release the lien asking for more money. WHAT!!! Unheard of!!! To top it off, my excited buyers parents are flying in from Chicago to help him move in over the 4th of July weekend only to find out that they may not get the keys!!

Were still not closed and the saga continues...The junior lienholder has just squeezed out an amazing $17,000 dollars out of the senior and now they are telling us that they need 3 days for an approval signature...WHAT!!

Buyers be prepared for anything!

Are you asking to much for rent? Enter...Rentometer

2008-06-03T15:57:00.000-07:00

One of our clients just brought a great website to our attention! If you are trying to figure out what you should rent your home for, this is a great website to check out. http://www.rentometer.com/

A one function website that is easy and functional. Instead of spending hours sifting through craigslist rental listings, just type in a few easy details about your place and this site will give you a good ballpark of what else is renting around you. Check it out!

Great Saratoga Fixer!

2008-06-03T13:26:00.000-07:00

We are tracking this Saratoga fixer opportunity in a transitional neighborhood on the border of Campbell and Saratoga. Newly on the market for $950,000, this 1536 square foot home with 3 bedrooms and 1.5 baths sits on a HUGE 10,000sf lot. Located in the wonderful Quito Park neighborhood this area offers mega opportunity as you have newly built homes selling in the $ 2 millions right next to tear downs under a million. Huge upside for those of you looking to build your masterpiece. Quick warning for those of you looking for Saratoga schools, this is not for you. Call us for more info.

Housing inventory down for the 2nd week in a row!

2008-06-02T09:08:00.000-07:00

In Santa Clara County, housing inventory is finally dropping and sales are going up!! Here is some data:

Week of 5/20/2008
Total # of Homes on the market 5652
Total # Homes Pending 1572

Week of 5/27/2008
Total # of Homes on the market 5551
Total # of Homes Pending 1680

6/2/2008
Total # of Homes on the market 5468
Total # of Homes Pending 1712

If you are thinking of jumping in the market don't wait!! Call us for more inventory details!

Great Santa Clara Duplex Investment

2008-05-30T12:32:00.000-07:00

In the midst of a slower residential market, the multi-unit investment properties are actually boding quite well. We are tracking a quaint, well-maintained Santa Clara Duplex that is currently occupied by the owners and priced at $828,000. This is the perfect owner occupied investment opportunity where you can live in one and rent the other, or just rent both. A great way to become a homeowner and an investor at the same time. Give us a call for more information on this property!

Afraid of a short sale?

2008-05-08T18:22:00.000-07:00

In this volatile market with many sellers trying to find a way out of their homes because they can't afford to pay the mortgage, many sellers are selling short? What does that mean? In a nutshell, when a seller sells short, their lender is allowing them to sell the home for less than what is owed primarily due to the fact that they can no longer afford to pay. For more information go to http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm

When I tell my buyers that a property is being sold as a short sale, they sometimes shy away and get nervous because it's a new phenomenom that's here to stay (at least for a while), but I'm here to tell you that it is to your advantage as a buyer if you are flexible in your time frame. You can get a killer deal and a great price! Even here in Silicon Valley!! Just expect to have some long waiting periods for bank responses as they are back, back, backed up right now! I imagine stacks of files up to the ceiling!!

Buyers, interests rates just improved today so if you're looking for a good buy and you have the time to deal with the banks call 408-396-0770 for short sale properties and bank owned properties.

FOR SALE! Great 3 bedroom 2.5 bath home in prime Milpitas!

2008-05-07T16:58:00.001-07:00

Great Milpitas attached single family home in a great location! Only 650,000! Don't miss the open house this weekend on 5/10 & 5/11 from 130pm to 430pm. Move right in! This is a great buy! Call 408-396-0770 for more info! More pics at www.tourfactory.com/420119

April Sales are up...but prices are down

2008-05-07T16:20:00.000-07:00

The numbers are in and April transactions were up from last month in Santa Clara county but the median prices continues to fall. The number of sales for single family homes rose 10.3% from last month and condos rose 12% ,but the median prices are down 4.5% and 5.2%, respectively and inventory continues to rise.

For a full report go to http://rereport.com/scc/print/ChristineKimSCC.pdf or call me at 408-396-0770 for more info on your specific neighborhood.

Whats the Trouble~

2008-03-18T21:32:00.001-07:00

This is a great little clip poking fun at the housing bubble. If you don't know what's going on lately, this pretty much sums it up in a quirky fun way. enjoy...you might even be humming it in the shower tomorrow morning.
http://www.youtube.com/watch?v=Ivp4YqGCI-s

Economic Stimulus plan and what it means to the South Bay

2008-03-10T15:00:00.000-07:00

An informational note on the 2008 Economic Stimulus plan:

The Economic Stimulus plan, as a lot of you may know, was signed through on Feb 13th, 2008 and establishes a temporary increases to Fannie and Freddy's conventional loan limits for first lien mortgage loans in high cost areas, as defined by the US Department of Housing or better known as HUD.

For us folks in the south bay, are loan limit is the full $729,750 so it's time to save yourself some money if you are in the market. Remember that this loan limit is only good through 2008, which means your loan must fund and close in 2008. Fannie Mae finally announced last week that they will start purchasing loans with this new limit starting April 1st, 2008, so be sure to give your lender a call to run some new numbers if you fall within that loan amount. If you don't have a great lender I highly recommend Adeline Johnson from Century Oak Mortgage. She is a great resource for you to have on your side! Happy buying!

Verona at Sunnyvale-Toll Brothers

2008-03-09T10:49:00.001-07:00

Just visited a bunch of new home developments yesterday in Sunnyvale off of 101 and Fair Oaks off of Tasman Drive and I was most impressed with Toll Brothers Verona in Sunnyvale on 400 Tasman. Their floor plans had the best use of square footage in the most functional way. There were a bunch of different floor plans and their pricing starts from the low 600K. It's nicely tucked into the community so it's very quiet. I think its the best bang for your buck.

The downside to this community is that it's in a mixed zoning area so you have office parks and a mobile home park as your view depending on your location....but you are also very close to 101 & 237 without having to deal with the humming of the highways. It becomes all about personal preference when it comes down to it. You also may have to wait until 2009 to move in as they are 10-12 months out depending on the location that you buy in. Not good news for those of you trying to take advantage of the stimulus package.

They have already started selling so don't forget to take your Realtor with you on your first visit or they won't be able to help you. It's especially important to get some representation on your end as most new developer purchase contracts are not favorable to buyers so you may need your realtor to advise you on your negotiations. For more information about some of the other developments feel free to contact me. I've seen ALOT!