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Are you looking for a private, secure place to search for real estate? Would you like to know what's happening in your neighborhood? My MLS Advisor Service provides up to date information on listing activity in your area or in any Bay Area region you choose. Search for active listings, properties in escrow, price reductions, and much more. Take a test drive! Go to: www.DaleWarfel.com and click on the Search the MLS. Market Update:
Although sales of single-family, re-sale homes were down 1.2% for the year, there was a lot of momentum in the second half of the year.Home sales increased, year-over-year, in the last six months of 2008. Momentum that should carry over into 2009.Prices took a hit last year but should start bottoming out in the first half of this year.For the month of December, sales of single-family, re-sale homes in Santa Clara County were up 38.8% compared to last year. Month-over-month, sales were up 6.8%. Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 80.6%, and Gilroy where sales were up 186.7%. It’s interesting to note that sales in Palo Alto, a very high priced area, were up 100%. Prices actually showed some improvement in December. The median price was down a paltry 0.2% from November, and off 36.3% year-over-year. The average price actually rose for the first time in fifteen months, gaining 3.6% month-over-month, down 34% compared to last December.Inventory crept upward last month, rising 1.9% from November, and up 11.5% compared to December 2007.The sales price to list price ratio rose 0.1 of a point to 98.9%.Condo sales rose for the second month in a row, gaining 9.5% from November, and, surprisingly, were up 1% year-over-year.The median price for condos was flat month-over-month, but was off 38% compared to last December. The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
SALE PENDING! - Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.com/Nav.aspx/Page=%2fListNow%2fProperty.aspx%3fPropertyID%3d1845270%26 for details.
SALE PENDING! - Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property is fully rented and ready for a new owner. This property features a separate 3 bed / 1 bath "owners" unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow -- Over $3,800/month rent!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.point2agent.com/San_Jose/California/Homes/Central_San_Jose/Central/Agent/Listing_1739103.html for details.
SALE PENDING! - Willow Glen Single Family Home
2622 Meridian Ave., San Jose
3 Bedrooms / 2 Bathrooms / Approx. 1,296 Sq. Ft.
This wonderful home features remodeled baths with new fixtures, tile floors and custom tile surrounds in the tub and shower enclosures. Gleaming hardwood floors adorn the living room and hallway. Dual pane windows and a newer central heating system. The kitchen could use some updating, but offers plenty of counter space and storage, especially with the pantry. This home is priced to sell.
Go to http://dalewarfel.point2agent.com/San_Jose/California/Homes/Willow_Glen/Willow_Glen/Agent/Listing_1809440.html for more details
Although sales of single-family, re-sale homes were down 1.2% for the year, there was a lot of momentum in the second half of the year.Home sales increased, year-over-year, in the last six months of 2008. Momentum that should carry over into 2009.Prices took a hit last year but should start bottoming out in the first half of this year.For the month of December, sales of single-family, re-sale homes in Santa Clara County were up 38.8% compared to last year. Month-over-month, sales were up 6.8%. Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 80.6%, and Gilroy where sales were up 186.7%. It’s interesting to note that sales in Palo Alto, a very high priced area, were up 100%. Prices actually showed some improvement in December. The median price was down a paltry 0.2% from November, and off 36.3% year-over-year. The average price actually rose for the first time in fifteen months, gaining 3.6% month-over-month, down 34% compared to last December.Inventory crept upward last month, rising 1.9% from November, and up 11.5% compared to December 2007.The sales price to list price ratio rose 0.1 of a point to 98.9%.Condo sales rose for the second month in a row, gaining 9.5% from November, and, surprisingly, were up 1% year-over-year.The median price for condos was flat month-over-month, but was off 38% compared to last December. The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
SALE PENDING! - Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath unit
- 2 ea - 1 Bed/1 Bath units
Approx. 1,700 Sq. Ft.
Who says lightning doesn't strike three times! This wonderful, fully occupied triplex provides good cash flow and the potential to have positive cash flow with a reasonable down payment. This property features individual 1 car garages (deep enough to park two small cars in tandem!) for each unit. The kitchen in the two bedroom unit was remodeled with new cabinets and counters last year, and the roof is only 3 years old.
Go to http://dalewarfel.com/Nav.aspx/Page=%2fListNow%2fProperty.aspx%3fPropertyID%3d1845270%26 for details.
SALE PENDING! - Tri-Plex Near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath unit
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some investment property in a great location? Located just minutes from downtown San Jose, this affordable 3-unit property is fully rented and ready for a new owner. This property features a separate 3 bed / 1 bath "owners" unit and a separate duplex building in the back with two 2 bed/ 1 bath units. These units have been updated with dual pane windows and newer central heating and air conditioning systems. Each unit has laundry hookups. This property needs some TLC, but with some sweat equity and some help from the trades, this property could be in tip top condition. Excellent cash flow -- Over $3,800/month rent!! Great location near downtown San Jose, SJSU, Hwy 280, 101, 87, light rail, and more!
Go to http://dalewarfel.point2agent.com/San_Jose/California/Homes/Central_San_Jose/Central/Agent/Listing_1739103.html for details.
SALE PENDING! - Willow Glen Single Family Home
2622 Meridian Ave., San Jose
3 Bedrooms / 2 Bathrooms / Approx. 1,296 Sq. Ft.
This wonderful home features remodeled baths with new fixtures, tile floors and custom tile surrounds in the tub and shower enclosures. Gleaming hardwood floors adorn the living room and hallway. Dual pane windows and a newer central heating system. The kitchen could use some updating, but offers plenty of counter space and storage, especially with the pantry. This home is priced to sell.
Go to http://dalewarfel.point2agent.com/San_Jose/California/Homes/Willow_Glen/Willow_Glen/Agent/Listing_1809440.html for more details
Labels: Dale Warfel, family home, investment property, San Jose
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