Tag Archives: Homes for sale near Facebook

July 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, RealtorĀ®

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.

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Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

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N.Y. investors snap up San Francisco’s sprawling Parkmerced complex

Courtesy Marlize van Romburgh

N.Y. investors snap up San Francisco’s sprawling Parkmerced complex 152-acres. Plans for redeveloping to 8,900 units.

A group of New York investors has purchased a majority stake in Parkmerced, the sprawling housing complex on San Francisco’s West Side that is slated for a multibillion-dollar revitalization, in a deal that values the property at more than $1.3 billion, the Wall Street Journal reported.

Park Merced Completion

Park Merced Completion

The property currently has 3,221 units. Plans call for redeveloping it into 8,900 units, with a groundbreaking slated for 2015 or 2016. Parkmerced is located in one of the city’s less-dense neighborhoods, an appealing fact for developers as rents and demand soar.

CLICK HERE for the full article.