Monthly Archives: February 2015

Top Reasons People Want to Move

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 25, 2015

One in three U.S. households say they plan to move in the next five years, according to a survey conducted by the Demand Institute of 10,000 households’ current living situations. And it’s the location of the home that will be driving most of those moving decisions — more so than the physical home itself.

Seventy-five percent of the households surveyed cited one or more location-related reasons for why they were moving. The top reasons were the desire for a safer neighborhood (30%); being closer to family (27%); a change of climate (26%); being closer to work (25%), and moving for a new job (23%).

Top Reasons People Want to Move_Location

Top Reasons People Want to Move_Location

More than half — 59 percent — of households say they don’t plan to go too far, with most indicating a move within 30 miles of their current home.

For those seeking a location for climate reasons, the Western and Southern U.S. continue to be the top destinations. Continue reading

Feb. 3, 2015 – San Jose Home Sales Average Selling 100% of the List Price

What to offer? How much to sell? The AVERAGE Single Family home SALES PRICE closing,  in the City of SAN JOSE, during this past week (Jan. 29, 2015 – Feb. 3, 2015) was $796,866. The AVERAGE LIST OVER SALES PRICE same period is 100%.

San Jose Home Sales Average Selling 100% of the List Price

San Jose Home Sales Average Selling 100% of the List Price

3560 Mckee Road, featured a large lot size of approx.10,000 s.f., and boasted 130% SOLD OVER LIST PRICE, LISTED FOR $299,000, and SELLING for $390,000 –  in 7 DAYS.

The LOWEST SOLD OVER LIST PRICE was 11 year old 1298 Fleming Avenue, taking 100 Days to sell at $940,875, 90% less than the original list price of $1,049,000.

In this market, it pays to keep an eye on the homes that have been listed for some time. Please feel welcome to contact Agent Jeni Pfeiffer BRE#01709666 with any questions.

Jan. 2015 – Mountain View Home Sales Climb Selling 114% of the List Price

The questions that Buyers ask most today are “What price shall I offer in this real estate market?” and “How much above the list price do I need to offer?”

As demand continues to exceed supply, the bidding wars continue. On average, during the month of January, homes in Mountain View  Sold for 114% of the List Price.

Jan. 2015 List to Sales Price_Mountain View CA

Jan. 2015 List to Sales Price_Mountain View CA

Here are the highlights of home prices in Mountain View, CA as of January 2015:

  • Condo: The average sales price to list price ratio was 107%. Average Sold Price was $666,815.
  • Single Family Homes: The average sales price to list price ratio was 114%. Average Sold Price was $1,488,833
  • Townhouse: The average sales price to list price ratio was 114%. Average Sold Price was $1,048,750

THINKING OF BUYING OR SELLING A HOME IN MOUNTAIN VIEW?