Do you need a Referral?

On several occasions, I have been asked by distressed homeowners about the choice between short sales, loan modification, bankruptcy and which option would be best for them. In cases such as this and providing the highest level of service to my clients, I defer to other professionals when it comes to making recommendations to my clients in these matters. Each of these options may have legal, tax, credit, financial and other consequences that are well beyond my scope and area of expertise. I do, however, know professionals who can counsel clients in these areas. If you know of a homeowner facing such a difficult decision, please give me a call with their contact information. I'll follow up with them and help them connect to professionals that specialize in these areas.

If you are in need of a referral, like a qualified service provider, chances are that I have someone in my database that can help. From a massage therapist to a CPA, from an insurance agent to a mortgage broker, I have an excellent list of resources. E-mail me at Dale@DaleWarfel.com and let me know how I can assist you.

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: http://www.DaleWarfel.com and click on MLS Search.


COMING SOON! Unique Mountain View Condo in 'The Waters' Condominium Complex
905 W. Middlefield Rd. Unit #971, Mountain View, CA 94043
2 Bedrooms. 2 Bathrooms / Approx. 998 Sq. Ft.

This ground floor condominium features upgrades appealing to a special buyer. The hall bathroom has been remodeled, with permits, into a huge 'roll-in' shower with extra wide doors in both bathrooms and the master bedroom designed to accommodate wheelchair bound persons. The master bathroom has been modified, removing the stall shower and providing more open floor space around the toilet and vanity. All of the floors are hard surface (Laminate Flooring or Tile) allowing for easier maneuvering. There is also a large deck that overlooks the community lake.

The list price of this home is TBD.


PRICE REDUCED! Beautiful Santa Clara Home near Rivermark
4660 Wilcox Avenue, Santa Clara
3 Bedrooms / 2.5 Bathrooms / Approx. 1,473 Sq. Ft.

This beautiful 2 story home features gorgeous tile floors downstairs, an open kitchen with light wood cabinets, granite counters and plenty of storage, attached 2 car garages and is close to Cisco, Mission College, Rivermark. The low maintenance back yard is perfect for busy professionals who just want a place to relax after a long day at work.

Go to http://www.dalewarfel.com for more details.
This price of this home has been reduced to $567,600.


BACK ON THE MARKET! 4-Plex near Downtown San Jose
129 Duane Street, San Jose
- 4 units - Each unit is 1 Bed/1 Bath
Approx. 2,111 Sq. Ft.

This 4-plex has been updated with dual pane windows and central heating/air conditioning systems. All 4 units are 1 bed/1 bath units, these units are in a high demand area, and are very easy to keep rented, as they are only a few minutes drive from Downtown San Jose, SJSU, shopping and restaurants. There are detached laundry room services for all 4 units. Rental Income is over $3,800 per month! Tenants pay all utilities (electric, gas, and water).

Go to http://www.dalewarfel.com for more details.
The price on this property has been reduced to $450,000.


BACK ON THE MARKET! Tri-Plex near Downtown San Jose
125 Duane Street, San Jose
- 1 ea - 3 Bed/1 Bath units
- 2 ea - 2 Bed/1 Bath units
Approx. 2,368 Sq. Ft.
Thinking of owning some real estate property in a great location? Just minutes from downtown San Jose, there is an affordable 3 unit real estate property featuring a separate 3 bed/1 bath 'owners' unit and a separate duplex building in the back with two 2 bed/1 bath unit. 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/SanJose for details.
The price on this property has been reduced to $440,000.


SALE PENDING! Willow Glen Town home with 2 Master Bedrooms
984 Goodacre Lane, San Jose
2 Bedrooms / 2.5 Bathrooms / Approx. 1,247 Sq. Ft.
This beautiful tri-level town home features separate living room with gas log fireplace, formal dining room, eat-in kitchen, inside laundry, 2 master bedrooms, and a full 2 car garage with extra storage. This home is located with convenient access to Hwy 85, 87, and Almaden and Expressway Expressways.
Go to http://www.dalewarfel.com/for details.
This home is listed at $459,000.



SALE PENDING! Tri-Plex 2 Blocks from SJSU
112 N 9th Street, San Jose
- 1 ea - 2 Bed/1 Bath units
- 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.point2agent.com/SanJose for details.


SHORT SALE APPROVED! 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. There are 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/SanJose for more details.


SOLD! 2 Bed / 2 Bath Townhome near Downtown San Jose
2643 Senter Creek Court, San Jose, 95110
2 Bedrooms / 2 Bathrooms / Approx. 1,146 Sq. Ft.
This home sold for $200,000.

Thank You:

Thank you to RW A., Yvonne T., Ted E., Steve M., Andre G., and Steven P. for your referrals.






Market Update

Home sales increased, year-over-year, by 59.1% in January. This is the seventh month in a row that homes sales have been up, compared to the year before. The 59.1% was also the largest increase in the past seven months.

Sales continue to be concentrated in the lower-priced cities such as San Jose where year-over-year sales were up 108.2%, and Gilroy where sales were up 269.2%.

The median price for single-family, re-sale homes dropped 12.4% from December, and was off 39.6% year-over-year. The average price fell 13.7%, month-over-month, and was down 43.5% compared to January 2008.

There was some good news with inventory, which was down 19.4% year-over-year.

The sales price to list price ratio fell 0.07 of a point to 97.21%.

Condo sales were down 29.3% from December, but managed to eke out a 2.8% increase compared to last January.

The median price for condos was also down sharply last month, dropping 12.7% from December, and it was off 43.7% compared to last January. The average price fell 15.1%, month-over-month, and was down 40.7% compared to January 2008.

Condo inventory was down 14.5% year-over-year.

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.







Market Snapshot - Santa Clara County


Single Family Homes
Inventory Closed Sales % LP Rec'd Avg. Price Avg. DOM New Listings
Jan-09 4,787 570 97.21 $561,711 65 1,590
Dec-08 4,636 677 97.28 $657,842 57 1,059
Nov-08 5,290 618 97.43 $637,593 59 1,282
Oct-08 5,783 816 97.82 $687,857 50 1,871
Sep-08 5,772 902 97.69 $750,359 54 1,889
Jun-08 6076 927 98.28 $922,149 50 1,977
Mar-08 5,522 583 98.94 $984,325 55 2,051
Dec-07 4,163 490 98.16 $998,788 54 946
Sep-07 4,875 506 99.83 $1,079,868 36 1,730
Jun-07 4,465 979 100.20 $1,065,282 40 1,984
Mar-07 3,345 890 99.73 $1,065,798 57 1,888
Dec-06 2,349 825 98.30 $903,208 59 562
Sep-06 3,926 887 99.00 $922,195 50 2,006
Jun-06 3,793 1,192 100.17 $989,891 35 2,491
Dec-05 1,958 970 98.98 $881,718 41 705
Jun-05 2,654 1,623 100.95 $926,348 17 1,743

Condos / Town homes
Inventory Closed Sales % LP Rec'd Avg. Price Avg. DOM New Listings
Jan-09 1,737 147 96.97 $312,851 72 565
Dec-08 1,647 208 96.49 $368,525 61 385
Nov-08 1,791 185 97.71 $365,676 59 436
Oct-08 1,921 272 98.36 $412,242 57 573
Sep-08 1,948 266 97.54 $425,590 55 617
Jun-08 2,008 242 99.04 $521,677 46 660
Mar-08 1,808 196 98.37 $569,869 53 625
Dec-07 1,384 188 97.77 $533,120 51 321
Sep-07 1,752 184 99.36 $558,182 42 598
Jun-07 1,604 415 100.00 $574,099 36 742
Mar-07 1,202 416 100.00 $559,760 61 739
Dec-06 948 343 99.07 $522,741 53 214
Sep-06 1,525 387 99.43 $523,614 44 773
Jun-06 1,291 479 100.50 $522,932 34 953
Dec-05 707 423 100.25 $514,549 36 312
Jun-05 760 673 103.79 $506,697 14 683

For your requirements in buying or selling properties in San Jose, especially in the communities of Almaden Valley and Willow Glen, contact me via email at: Dale@DaleWarfel.com or on the phone: 408.624.6202