Is it Possible? Home Sellers Back on Top in San Jose
Home sellers have regained the upper hand from buyers for the first time in years in the never-ending tug-of-war that is the San Jose residential real-estate market.
The exclusive Market Action Index from Mountain view-based Altos Research answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Don’t look now, but the index just broached 30 for the first time in years. Read More…
‘Buyer’s Market’ Gives Way to Panic Buying in San Jose
Some South Bay neighborhoods suddenly are seeing waves of panic buying – and I’m not just talking about Cupertino and Palo Alto.
For the past few weeks, multiple offers and sale prices 15-to-25 percent above list have prevailed, particularly in areas with decent public schools and prices in the $450,000-$550,000 range.
Take Cambrian Park – please. Read More…
16 Things NOT to Do While Your Home Loan is in Process
Atwood
You can unknowingly sabotage your home financing goals by making some obvious and not-so-obvious moves with your finances. Check out the list below to see if you know the top 16 things not to do when you are in the process of buying or refinancing
- Leave an existing job for any reason
- Open new bank accounts Read More…
Days on Market: A Vital Metric That Can Blow Up in Your Face
This smartly priced Cambrian home sold in 2 days for $535,000 - $16,000 over asking price
“How long has it been on the market?”
It’s the first question asked by two out of every three prospective buyers who visit my open houses. And it’s a great question – it’s a proven fact that the longer a home sits on the market, the less money it brings vs. the original asking price – so theoretically, the better chance the buyer has of getting a good deal. Read More…
Buyers Paying More vs. List Price in Santa Clara and Palo Alto
It’s Good Friday and the Spring selling season is getting ready to kick into high gear. What better time to update the real-estate market in a neighborhood near you?
I’ve compiled per-square-foot price figures both for active listings of single-family homes as of today, and for listings that have actually closed escrow since March 1. (It’s always good to see the interplay between what sellers are asking and what they’ve recently been getting for their homes, so we can gauge just how much listing agents are pushing the envelope. Keep in mind, though, that a home that closed escrow in early March probably sold in mid-January, and prices can move a lot in 10-12 weeks.) Read More…
