Tag Archives: Silicon Valley Realtor

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®

1383 Heather Ridge San Jose PHOTO Courtesy Jeni Pfeiffer

OPEN HOUSE SAT 2-4pm SPACIOUS 3 Bed, Single Level Condo SAN JOSE Offered at $750,000

Offered at $750,000 – VISIT: www.3183heather.com Spacious SINGLE LEVEL Condo that feels like a Single Family Home*SUPERB LOCATION*Adjacent to Communications Hill*

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Silicon Valley homes replacing lawns with California Native Succulents

Yesterday, 03.24.2015, San Jose Mercury News writer Eric Kurhi reported that the Santa Clara Valley Water District is proposing reducing water use by 30 percent and limited watering of lawns to twice a week.

Though Gov. Jerry Brown announced new conservation rules last week to help cope with the four-year dry spell, the water district’s latest push is more of a reaction to a new analysis that showed above-average seasonal rains haven’t done much to bolster Silicon Valley’s groundwater reserves.

Courtesy Sunset Magazine - Water Wise Garden

Courtesy Sunset Magazine – Water Wise Garden

Many homeowners are coping by letting their lawns die and replacing the landscaping with succulents and water-wise California native plants. Consider lawn alternatives, such as hardy ground covers, decks, patios, containers, ornamental grasses or cut-flower gardens. Continue reading

Silicon Valley Market Shows Sharp Year-Over-Year Median Price Increase

Year-over-year we are seeing that both single family and condo/townhome markets are showing large swings in closed sales and median price. CLICK HERE for more data.

Silicon Valley Market Shows Sharp Year-Over-Year Median Price Increase

Silicon Valley Market Shows Sharp Year-Over-Year Median Price Increase

Single family home closed sales are down in Monterey and Santa Clara counties a small 2% and 3% respectively. While San Benito is up 6%, San Mateo is up 13% and Santa Cruz increased by 15%. Median prices for single family homes are up in all counties with the exception of San Benito with a small 1% drop. Monterey is up 6%, San Mateo is up with the highest jump of 18%, Santa Clara has a modest jump at 9% and Santa Cruz saw a 5% increase over Sept. 2013. Continue reading

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