Just Listed! Remodeled Craftsman Style Home Near Japantown in San Jose

674 E. Empire Street, San Jose
2 bedroom + bonus room & 1 bath
Approximately 1,000 (permits unknown)
$495,000
Welcome Home! Recently remodeled craftsman-style home incorporates original charm with modern day finishes! Features bamboo flooring, french doors, gourmet kitchen with granite, remodeled bath, renovated back yard and 2-year old roof! Third room can be used as an office, baby’s room or a sitting room. Home is approximately 1,000 square feet – permits unknown (assessors office 884). Located across the street from a park and a short walk to Japantown and Watson Dog Park!

Why You Should Consider Selling Your Home During the Holidays

 If you are considering a move during this holiday season but you are unsure how the market will react, read on. You may be surprised to find that some of the most serious, ready-to-go buyers are waiting in the wings during the holiday season to take advantage of the market while others are out holiday shopping. At an open house a few weeks ago, I had over 125 people through both Saturday and Sunday, proof that plenty of buyers are waiting for your home to come on the market! Continue reading “Why You Should Consider Selling Your Home During the Holidays”

Market Update: Bay Area Real Estate is Heating Up

What a difference a few weeks make in the Bay Area housing market! Our office is laden with tales of multiple offer situations and frustrated buyers struggling to find homes to purchase. To me this means only one thing, Bay Area residential real estate is once again hot and values are on the rise – a great time for you to get in the market as a buyer before there is even more competition and a perfect time for anyone contemplating selling to take advantage of low single family inventory.  Take a look at this weeks Market Watch, where Rick Turley, President of Coldwell Banker’s Northern California division discusses the current state of the local market and the disparity between the San Francisco Bay Area markets and many other parts of the country. I’ve included excerpts from his blog below. Continue reading “Market Update: Bay Area Real Estate is Heating Up”

Time to Buy or Sell – Mortgage Rates at Record Low

It’s official. According to Freddie Mac, 30-year fixed mortgage rates have hit a low of 3.91%. What does this mean to you, you ask? Well for one thing, it means that you can refinance that old loan you took out on your house back in 1994 when rates spiked. It also means that those who have been on the fence about wanting to purchase a new home in 2011 have even more reasons to do so. Continue reading “Time to Buy or Sell – Mortgage Rates at Record Low”

2011 San Francisco Bay Area Real Estate Market Review

2011 San Francisco Bay Area Real Estate Market Review

Check out the link  to this month’s Reality Check from Coldwell Banker takes a look back on the housing market in the Bay Area in 2011.

Of particular interest is CAR’s forecast of new home sales in 2012 – which stands at a sluggish 1%. However, this forecast encompasses the entire state of California and given the dynamic Silicon Valley market, which is adding high quality jobs, one can only hope that the local market will outperform CAR’s prediction.

The market is also seeing strength in the luxury high-end home segment specifically in Silicon Valley, San Francisco and the Peninsula with many homes for sale receiving multiple offers. There was some noticeable distinction in the mid market, where there was very few homeowners ‘trading up’ perhaps due to economic uncertainty.

Some hopeful signs for 2012..

  1. There seem to be fewer distressed sales
  2. As buyers become more active in the market place and inventories compress, pricing has begun to firm up
  3. Some banks have implemented procedural efficiencies for processing short sales, allowing for faster approvals
  4. The news media has finally started to question if we have reached a bottom, which will hopefully boost consumer confidence 

Here’s to hoping 2012 marks a true turnaround in real estate market in California and specifically and Bay Area!

2011 San Francisco Bay Area Real Estate Market Review

Check out the link  to this month’s Reality Check from Coldwell Banker which takes a look back on the housing market in the Bay Area in 2011.

Of particular interest is CAR’s forecast of new home sales in 2012 – which stands at a sluggish 1%. However, this forecast encompasses the entire state of California and given the dynamic Silicon Valley market, which is adding high quality jobs, one can only hope that the local market will outperform CAR’s prediction.

The market is also seeing strength in the luxury high-end home segment specifically in Silicon Valley, San Francisco and the Peninsula with many homes for sale receiving multiple offers. There was some noticeable distinction in the mid market, where there was very few homeowners ‘trading up’ perhaps due to economic uncertainty. Continue reading “2011 San Francisco Bay Area Real Estate Market Review”