Tag Archives: Homes for sale in Sunnyvale

Mortgage Rates Dip Below 3%

Courtesy: Realtor Magazine

Incentive for Home Buyers . . National Mortgage Rates for the week Ending July 16.
Courtesy: Realtor Magazine

The 30-year fixed-rate mortgage averaged 2.98% this week, the lowest rate in Freddie Mac’s records dating back to 1971.“The drop has led to increased home buyer demand and, these low rates have been capitalized into asset prices in support of the financial markets,” says Sam Khater, Freddie Mac’s chief economist. “However, the countervailing force for the economy has been the rise in new virus cases which has caused the economic recovery to stagnate, and this economic pause puts many temporary layoffs at risk of ossifying into permanent job losses.”

Freddie Mac reported the following national averages with mortgage rates for the week ending July 16:

  • 30-year fixed-rate mortgages: averaged 2.98%, with an average 0.7 point, falling from a 3.03% average last week. A year ago, 30-year rates averaged 3.81%.
  • 15-year fixed-rate mortgages: averaged 2.48%, with an average 0.7 point, falling from last week’s 2.51% average. A year ago, 15-year rates averaged 3.23%.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.06%, with an average 0.3 point, rising slightly from last week’s 3.02% average. A year ago, 5-year ARMs averaged 3.48%.

Freddie Mac reports average commitment rates along with average fees and points to reflect the total upfront cost of obtaining a mortgage.

Sunnyvale SF Homes 109% List to Sales Price AVERAGE $1,476,388

What to offer? What to list for? The Sold price to Original List price averages 109% for Residential Single Family homes, located in the City of Sunnyvale CA from April 8 – April 21, 2016. According to the Multiple Listing Service MLS, the average SOLD price was $1,476,388.

Sunnyvale SOLD Price April 8-21, 2016. Courtesy Jeni Pfeiffer.

Sunnyvale SOLD Price April 8-21, 2016. Courtesy Jeni Pfeiffer.

Location, location, location – 1047 Mango Avenue, Sunnyvale 94087 was listed for $1,288,000 and SOLD at 124% of list price for $1,600,000. It was a modest 3 Bedroom, 2 Bath 1,245 SqFt home, and located in the highly sought after Cherry Chase Elementary and Homestead High School District.

The list and sales price are reflective of offers accepted, on average, 30-days ago, given a normal escrow period. As values ebb and flow, the market fluctuates as a result of supply and demand.

If you would like additional information regarding any of these listings, please contact Agent Jeni Pfeiffer at 408-813-4256. CaBre# 01709666

PAINT is the # 1 Best RETURN on Investment to Prepare your Home FOR SALE in Silicon Valley

The Number #1 return on your investment, today, is painting your home prior to marketing it For Sale in Silicon Valley. Yellow accent against grey is “in.”

The 50’s design schemes were gold and green. Today, the Buyers actively out canvasing for homes love freshly painted rooms, however, choose your hues wisely because the “right” color can make all the difference. Today’s neutrals are in the grey shades, which enhance blue, yellow, black, charcoal, white, pink, pumpkin, orange furniture and accessories.

One of my favorite pastimes is visiting New Home developments to observe new design trends and color schemes. We are seeing less and less of “beige” and “tan” interior paint tones, and more “grey” tones that reflect soft mauve and grey-purple hues.

Grey is the “New Beige” If you are seeking inspiration and more ideas, please visit C.B.I.D. HOME DECOR and DESIGN for examples of great color tones and paint recommendations.

 

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New Home Builder Sunnyvale Environmental Issues? How to research!

We received the following question and wanted to share our response with you. The same investigative process can be adapted to other new home building projects in neighboring Bay Area Cities:

We are looking to purchase a home at the new development by Summerhill homes at Las Palmas, and came across your blog when we were searching for environmental issues in new developments in Sunnyvale. Are you aware of any environmental issues with this location and any information that we should we aware of regarding soil/water contamination at this site? There used to be an auto dealership and orchards before that on this site, so we were wondering about any possible contamination. The address is 660 W El Camino Avenue, Sunnyvale, 94087.

Soil, water and environmental issues can investigated a few ways. The first step would be to visit the City of Sunnyvale Planning Department and request to view the files for the Summerhill Las Palmas project. Ask specifically about soils, water and any other required studies that were needed for submission in order to approve this development. Continue reading

BAY AREA PINCH $1 million ‘average’ homes? Let’s talk!

Voracious demand driving record sales in ‘mansion’ bracket.

Courtesy San Jose Mercury News by Steve Johnson and Pete Carey

There was a time when a million-dollar home was something families drove by on a Sunday outing to get a glimpse of how rich folks lived. But now they’re more common than Starbucks, at least around here.

Fueled by the booming tech economy and seemingly insatiable demand for housing, the Bay Area set records in the second quarter of this year in the number of homes sold for $1 million or more as well as those costing at least $2 million, a real estate information service said Thursday.

CLICK HERE for the full San Jose Mercury news article.

Bay Area home sales great for sellers, tough on buyers

“Bay Area Housing – Hopeful buyers face big hurdles – Low inventory drives up prices shutting out midlevel shoppers”

Courtesy Pete Carey – June 12, 2014

The Bay Area’s housing market stumbled in May — prime home-buying season — as high prices and low inventory held real estate sales well below normal levels, according to a report Thursday.

Sales of single-family houses were down from the same month last year in the East Bay, Peninsula and South Bay, while prices were up, according to real estate information service DataQuick, which released the report. Prices for all types of homes were at their highest since November 2007 in the nine-county Bay Area.

CLICK HERE for the full Mercury News article.

 

Hot new Homes in Sunnyvale_Broker Tour Jan. 9

By Jeni Pfeiffer, Associate Broker, Realtor

First Broker Tour of the year in Sunnyvale and new homes that I viewed today! One of my favorites, tucked away in the exclusive Hidden Valley Complex:

  • 867 RATTAN TERRACE, priced at $730,000, is a 1,649 sq ft townhome with 3 spacious Bedrooms/3 Baths. It is as serene as being in the middle of a quiet redwood grove forest! Beautiful and lush community just minutes to new Apple campus & 49er stadium. This is an end unit with beautiful views, plantation shutters, an open and airy feel.

Three wonderful homes on tour today were in both the Cherry Chase Elementary and Homestead High School District: Continue reading

Mortgage Rate update Nov 29_2013

Courtesy Tony Guaraldi VP of Mortgage Lending

We’ve got some housing numbers to share with you this week and all of it points to a strong and stable housing market. The Federal Housing Finance Agency (FHFA) House Price Index was reported this week showing values increased nationally by 0.3% in September.  The Year over Year is up 8.5% which is a good number for national appreciation of home prices.  The Case Shiller Home Price Index for September which tracks closing prices in 20 major cities in the US reported values were up 0.7%.   Home Prices are up 13.3% according to them year over year.  This is the best number in 7.5 years!  Robert Shiller was interviewed on CNBC and although the numbers look good they did not scare him in terms of a potential housing bubble.  He explained that those surveyed were not too optimistic which alleviates any bubble concerns he may have had.  He noted the rate of appreciation is slowing but this is probably a good thing as 13% appreciation is not sustainable, but there is nothing wrong with 6% appreciation which may be where housing is headed nationally.

CLICK HERE for the current Mortgage Rate Sheet  Continue reading

Nov 15_ AWESOME Jumbo Rates and Mortgage Update

November 15, 2013 Friday Rate Sheet and Market Commentary _ Courtesy Tony Guaraldi VP of Mortgage Lending

As we had hoped the Mortgage Bond markets bounced back this week recovering some of the losses from last Friday’s Jobs Report.  The highly anticipated event for this week was the Confirmation Hearing for our new Fed President Janet Yellen which took place yesterday morning.  She is perceived to be “Dovish” which in our world means likely to continue the stimulus that has been keeping interest rates low and the stock market rising.  In her Q and A session at the hearing she did say as expected that the Fed would continue the bond purchases until the economy improves.  She did also mention that she believes the real unemployment rate is closer to 10% rather than the number from last week’s Jobs report at 7.3%.

CLICK HERE for the November 15 Mortgage Rate Sheet.

Continue reading