Are you beginning to feel a little cramped in that home that seemed so perfect several years ago? There just aren’t enough bedrooms anymore, or adequate storage space or a big enough back yard for the kids and the dog to play. Or maybe there is another little one on the way – a baby, not a dog! READ MORE …
1. This place looks so cute!
2. And it’s in my budget.
3. Maybe I’ll buy the first house I see.
4. Gosh, that’s a lot of wallpaper.
5. It smells very musky.
6. OH! That bedroom is where happiness goes to die.
After surging the first four months of the year, the real estate market in Santa Clara County seems to be encountering a little buyers resistance.
While multiple offers are still the norm, the number of offers on any property have decreased. Also, it seems buyers are getting a little more particular about what they’re willing to bid on. READ MORE …
Don’t look now, but peak prices have returned to Almaden Valley 95120 after seven years.
The average price of an existing single-family home that changed hands in Almaden in April hit $1,292,430 – less than .2 percent below the all-time high of $1,294,771 set in May 2007.
And April’s per-square-foot average of $520 actually was higher than the $478 of seven years ago.
The April price was 3.7 percent higher than March, and a full 38 percent above the April 2013 average of $934,898.
The price surge remains more closely related to low supply than high demand: The number of homes sold was down 40 percent from a year ago and active listings were down 35 percent from April 2013. READ MORE …
John Bowman’s Online Newspaper: Extra! … Extra! … Read all about it!