Category Archives: Jeni Pfeiffer

FEB. 2020 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The real estate market turned quickly and heated up with multiple offers late DEC 2019, JAN and FEB 2020. The market can turn on a dime, and has shown this again. Mortgage interest rates dipped below 3.5%, and the real estate inventory dwindled. With a low supply, and still high demand, with favorable mortgage rates, bidding wars returned! For example, 635 Yosemite Avenue, Mountain View 94041 was listed on 01/30/2020 for $2,448,000 and SOLD 27% “over-asking” to CLOSE at $3,100,000.

As of March 4, 2020, the Bay Area Real Estate currently has 997 ACTIVE Status units (Single Family, Condo and Townhomes available for sale) in the Santa Clara County. FEB 2020 recorded 806 Home SALES ranging from $359,000 (1062 Summershore Court, San Jose 95122) to $8,100,000 (28011 Elena Road, Los Altos Hills 94022), with 28 Average Days on Market DOM. The Average Close Price was $1,337,243 with 46% of the Sales selling between $800,000 – $1,400,000.

CONTACT: Jeni Pfeiffer, Associate Broker, Realtor®

Need Real Estate Advice elsewhere in the U.S.?

Are you considering purchasing a retirement, vacation or investment home in another area or state such as Washington, Arizona, Oregon, Vermont, Idaho, or Hawaii? Need help?

Stowe Vermont_Jeni Pfeiffer
Stowe Vermont_Jeni Pfeiffer

Through our relationship with Cartus Corporation, a global relocation RELO company, we can offer you connections with Top Relocation Agents throughout the entire United States.

As Real Estate is local, connecting with an expert in your chosen area can help you save time and money, as well, assist in a wise decision for your family and future. The RELO Agent needs to meet a high level of standards in order to be referred, and to provide you with the highest level and quality of service.

This is a complementary service that we offer to our clients. We have had many thrilled and satisfied clients who have used this service.

Please CONTACT ME TODAY at 408-813-4256.

OCT. 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,076 ACTIVE Single Family, Townhomes and Condos listings for Sale in the Santa Clara County. OCT 2019 recorded 1,022 SOLD listings ranging from $7,500,000 (25055 La Loma Drive, Los Altos Hills 94022) to $370,000 (2454 Balme Drive, San Jose 95122), with 35 Average DOM.

OCT SOLD Volume was 18% lower than July’s recordings. The Average Close Price was $1,340,213 with 33% of the Sales selling between $700,000 – $1,000,000. The number of Listings which did not complete a Sale and changed Status to Withdrawn, Expired or Canceled was 408.

Please contact Jeni for the current real estate market trend.

SELLER SLIP-UPS according to C.A.R.

Here is advice for Sellers, directly from the California Association of Realtors. SELLERS . . please let the Buyers view your home comfortably, so they can imagine themselves living there. It will greatly benefit your successful sale.

Seller Slip-Ups_Jeni Pfeiffer


SEPT. 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Silicon Valley Real Estate Market currently has 2,076 ACTIVE Single Family, Townhomes and Condos listings for Sale in the Santa Clara County. SEPT 2019 recorded 1,022 SOLD listings ranging from $7,500,000 (25055 La Loma Drive, Los Altos Hills 94022) to $370,000 (2454 Balme Drive, San Jose 95122), with 35 Average DOM.

Sept SOLD Volume was 18% lower than July’s recordings. The Average Close Price was $1,340,213 with 33% of the Sales selling between $700,000 – $1,000,000. The number of Listings which did not complete a Sale and changed Status to Withdrawn, Expired or Canceled was 408.

Downtown San Jose, CA SOFA District. Photo Courtesy Jeni Pfeiffer
Downtown San Jose, CA SOFA District. Photo Courtesy Jeni Pfeiffer

Do I need a Home Inspection?

Very few home inspections ever come back completely clear. Here are the most common problems uncovered in home inspections.

Important items to evaluate on a Home Inspection. Jeni Pfeiffer/Associate Broker/Realtor
Important items to evaluate on a Home Inspection. Jeni Pfeiffer/Associate Broker/Realtor

Never skip your Home Inspection . . a great Realtor, looking out for your best interests, will ensure that you are provided with the best resources to best evaluate any potential problems both now and in the future. Be certain that you have an agent working exclusively for you and on your behalf. Contact me today.

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.

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