July 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,126 ACTIVE Status units (available for sale) in the Santa Clara County. July 2019 recorded 1,238 Single Family, Condo and Town Home SALES ranging from $11,080,000 (543 Seale Avenue, Palo Alto 94301) to $330,000 (247 N Capitol Avenue,#227, San Jose 95127) with 26 Average DOM. The average price was $1,385,492 with 50% of the Sales selling between $700,000 – $1,300,000. Properties priced 10 – 15% below the height of 2018 prices are now selling. Over-priced properties are lingering on the market. Low mortgage interest rates, currently in the 3% range, are favoring Buyers.

1031 Tax Deferred Exchange?

By: Jeni Pfeiffer, Associate Broker, Realtor®

Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country. By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country.

By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country. By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country.

A 1031 Exchange allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property. There are rules and timelines to follow, and working with an agent who is experienced and can connect you with resources outside of the Bay Area will provide successful investments. Contact me to learn how you can defer capital gains on the sale of an income property. 

Santa Clara County Real Estate_Photo Courtesy Jeni Pfeiffer

June 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate remains strong, with currently 2,212 units ACTIVE Status (available for sale) in the Santa Clara County. June 2019 recorded 1,366 Single Family, Condo and Town Home Sales ranging from $13,000,000 (232 Coleridge Avenue, Palo Alto 94301) to $340,000 (247 N Capitol Ave,#106, San Jose 95127) with 26 Average Days on Market DOM. 28% of the Sales were between $700,000 – $1,000,000. Properties priced according to the market, and in sought after areas, are still selling for over-asking price.By: Jeni Pfeiffer, Associate Broker, Realtor®The Bay Area Real Estate remains strong, with currently 2,212 units ACTIVE Status (available for sale) in the Santa Clara County. June 2019 recorded 1,366 Single Family, Condo and Town Home Sales ranging from $13,000,000 (232 Coleridge Avenue, Palo Alto 94301) to $340,000 (247 N Capitol Ave,#106, San Jose 95127) with 26 Average Days on Market DOM. 28% of the Sales were between $700,000 – $1,000,000. Properties priced according to the market, and in sought after areas, are still selling for over-asking price.

Staged Homes Sell Quicker

Home staging is key to attracting home shoppers, an maybe even more so in an era where consumers are used to watching TV home-makeover shows. 83% of buyers’ agents say staging a home makes it easier for buyers to visualize a property as their future home. 44% of buyers’ agents say staging a home increases its value.

Cleaner appearance, Buyers envision themselves if staged homes are done well.

Realtor.com reports SAN JOSE Ranks #1 where Home Prices have fallen most

Realtor.com reports that SAN JOSE, CA ranks #1 where Home Prices have fallen the most, in their findings, dated May 20, 2019. Most recently, the real estate market has experenced a shortage of available homes for sale to balance the demand of Buyer’s needs. Combined with super low interest rates, the results were that the Bay Area housing sales prices escalated at record-breaking speed from years 2011-2018. This year has delivered a “cooling-off” phase, in some areas, such as San Jose, CA as prices have softened and inventory has increased.

Houses priced right are still selling quickly, and some “over-asking.” The market is relatively balanced, and favorable for both Buyers and Sellers. The mortgage interest rates are low and there are more homes to choose from.

Curious how other cities were rated? Read the Realtor.com report HERE: https://www.realtor.com/news/trends/2019-where-home-prices-falling-the-most/ “Falling Stars: You Won’t Believe the 10 Cities Where Home Prices Are Down the Most” for more information.

Jeni Pfeiffer, Broker Associate Realtor

408-813-4256

1383 Heather Ridge San Jose PHOTO Courtesy Jeni Pfeiffer

OPEN HOUSE SAT 2-4pm SPACIOUS 3 Bed, Single Level Condo SAN JOSE Offered at $750,000

Offered at $750,000 – VISIT: www.3183heather.com Spacious SINGLE LEVEL Condo that feels like a Single Family Home*SUPERB LOCATION*Adjacent to Communications Hill*

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OPEN HOUSE Sat/Sun 2:00-4:00pm STUNNING Lakewood Village Sunnyvale Townhome

Come visit 611 Lakehaven Terrace Sunnyvale OPEN HOUSE Sat/Sun 2:00-4:00pm. This AWESOME Stylish 2 Bedroom/1.5 Bath Townhome is offered for Sale at $998,000. AWESOME Stylish TOWNHOME in Sunnyvale’s Growth Epicenter*Close to Moffett Park ll w/Google, Facebook and Amazon coming soon. CLICK HERE for the property website.

Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

HUGE Living Room w/ Recessed Lights and BEAUTIFUL VIEWS, Great for Entertaining*NEW Stylish Grey Ash Plank Flooring*Separate Dining Area w/Stunning Chandelier Continue reading

OPEN HOUSE Sat 1:00-4:00pm GORGEOUS ENGLISH ESTATES HOME near new Apple Campus

OPEN HOUSE Sat 1:00-4:00pm – COME VISIT this GORGEOUS Turn-key English Estates Home located in West San Jose at the Saratoga Border. AWESOME Country Lane Elementary School and close to the new Apple Campus! This is an original Leep Buidling Home, known for quality building with hardwood floors, open floorplans, sliders from the Master Bedroom to the Redwood Patio Deck, and more! Asking $1,788,000  CLICK HERE for the website.

GORGEOUS ENGLISH ESTATES Home in Country Lane Elementary School District. Photo Courtesy Jeni Pfeiffer

GORGEOUS ENGLISH ESTATES Home in Country Lane Elementary School District

OVER $100,000 + INVESTED for IMPROVEMENTS*OUTSTANDING Custom Retrofits & Remodeling includes ENERGY EFFICIENT Green Upgrades resulting in a COMFORTABLE Living Environment w/Reduced PG&E Bills. Continue reading

OPEN HOUSE Sat/Sun 1:00-4:00pm GORGEOUS HOME near new Apple Campus

1307 TERESITA DRIVE, SAN JOSE 95129   Offered for $1,595,000   ML81694597  CLICK HERE for more INFO and PHOTOS

Come visit this exquisite home in the highly sought after neighborhood of Happy Valley, also known as Country Lane (after the Award Winning Elementary School 942 API). This is a unique opportunity as very few homes become available for Sale in this coveted neighborhood. The Seller has put a labor of love into this home with recent $100,000+ improvements. A commuters dream location – 3 miles to the new Apple Spaceship Campus! OFFERS ARE DUE: Tuesday, March 13th at 2:00pm – Hurry !!

1307 Teresita Drive, San Jose 95129 Photo Courtesy Jeni Pfeiffer

1307 Teresita Drive, San Jose 95129 Photo Courtesy Jeni Pfeiffer

Gorgeous Kitchen Granite Counters, Stainless Steel Appliances

GORGEOUS Remodeled Home in Idyllic Happy Valley Neighborhood*Over $100,000 in BEAUTIFUL UPGRADES*SPECTACULAR Kitchen features Granite Counters, Tile Backslash, Travertine Flooring, Recessed Lighting, Built-In Stainless Steel Oven, Microwave & Dishwasher*LUXURIOUS Bathrooms Designed w/Travertine Shower, Mosaic Niche and Floors*Heavy Glass Frameless Shower Door*Gleaming Hardwood Floors & Crown Molding Throughout*Spacious Living Room w/Wood Burning Fireplace & Large Picturesque Window framing a BREATHTAKING VIEW of Lush Green Grass & Prolific Lemon Tree*Dual Pane Windows*NEW ROOF*Designer Paint Tones*Recessed Lights*New Copper & PEX Piping*Master Bedroom Large Walk-In Closet*2-Car Attached Garage*Award Winning Schools*Walk 1/2 Block to Distinguished Country Lane Elementary*Close to Saratoga Creek Park, El Paseo, Westgate Shopping Center, Dining & Movie Theaters*Easy Commute to Silicon Valley’s Major Companies and the New Apple Spaceship Campus*Close to Lawrence Expwy, 280 & 85*Original Owner-1st time on the market*HURRY, this Won’t Last! Continue reading