Tag Archives: Silicon Valley Real Estate

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®

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 The number of Listings which did not complete a Sale and changed Status to Withdrawn, Expired or Canceled was 408.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

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

Corporate Buses commute dramatically change Silicon Valley Housing – Rental and Resale

Fleets of Corporate Buses that dot clogged highways have become the concrete symbol of the dramatic expansion in the Bay Area sending rents and homes prices skyrocketing. The gentrification of neighborhoods have dramatically changed Silicon Valley real estate and rents are up as much as 43 percent within a few blocks of company transit to stops in San Francisco, according to one measure.

Google's Fleet of Commute Buses

Mountain View Google’s Fleet of Commute Buses

As Silicon Valley once spanned the short stretch from Palo Alto to  San Jose, the boundaries have expanded marketing prime real estate  as – “Walk to your private bus stop.”

“Transportation is the new status symbol” – the hulking luxury buses complete with Wi-Fi and electricity outlets “signal that you have a job and that you have one with a firm that is forward-thinking and enlightened.” “You live where you want to live, we’ll get you to work,” stated Kevin Mathy, Google’s transportation manager, describing the Internet search giant philosophy. That simple goal has become an economic force.

CLICK HERE for an excellent article by Michelle Quinn, San Jose Mercury News.

November Issue of Enjoy Magazine

Check out the latest edition of Enjoy Magazine featuring Ty Pennington!  CLICK HERE for your free November 2014 Edition.

Enjoy Magazine Nov. 2014 Courtesy Jeni Pfeiffer

Enjoy Magazine Nov. 2014 Courtesy Jeni Pfeiffer

Low-water landscapes think outside the box

By Angela Hill: Oakland TribuneMarch 6, 2014

Water-Wise Garden_Photo Courtesy Jeni Pfeiffer

Water-Wise Garden_Photo Courtesy Jeni Pfeiffer

Gardeners, dry those tears — or maybe collect them to water your hydrangeas. Yes, we’re looking at drought-induced water restrictions in the coming months despite the recent rain, and reality soon will place California home landscapes on a permanent water diet — reducing liquid-loving lawns and moisture-gluttonous plants and instead bulking up on water-wise vegetation that’s fit for the future.

But that doesn’t mean we will be left with rock gardens and cactus — not that there’s anything wrong with that. Experts say we can use this as an opportunity to get creative, think outside the boxwood, reimagine lawn areas and go wild with the abundant beauty of natives, succulents and even, yes, cactus in its many colors and structural shapes.

CLICK HERE for the full Mercury News Article

Oct 18 GREAT Rates and Mortgage Update

Jeni Pfeiffer Intero presents mortgage update courtesy Tony Guaraldi:  As we mentioned the last couple weeks Bonds are trading between the 100 and 200 day moving average right now and that trend continued this week as expected. CLICK HERE for the Oct 18, 2013 Mortgage Rate Sheet. Continue reading

Rate on 30-year mortgage hits record low 3.40 pct.

By MARCY GORDON AP Business Writer

WASHINGTON—Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve’s stimulus efforts may be having an impact on mortgage rates.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.40 percent. That’s down from last week’s rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s.

CLICK HERE for the full San Jose Mercury News article.