Realtor Dale Warfel

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Tuesday, September 08, 2009

Looking for a Home? (or What’s Happening in My Neighborhood?)

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 MLS Search.

PENDING SALE!Tri-Plex 2 Blocks from SJSU112 N 9th Street, San Jose- 1 ea - 2 Bed/1 Bath unit- 2 ea - 1 Bed/1 Bath unitsApprox. 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/ for more details.This property is listed at $439,000.

PENDING SALE!Beautiful Santa Clara Home near Rivermark4660 Wilcox Avenue, Santa Clara3 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 garage, and is close to Cisco, Mission College, Rivermark and more. 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://dalewarfel.com/ for more details.This home is listed at $525,000.

PENDING SALE!4 Years New Penthouse Condo in Rivermark (Santa Clara)3901 Lick Mill Blvd., Unit 4431 Bedrooms / 1 Bathrooms / Approx. 908 Sq. Ft.
Gorgeous Penthouse Unit with soaring Cathedral Ceilings in Living Room. This spacious 1 bed/1 bath unit is like new. The sellers added a double door entry to the dining room, so it could also be used as an private office or 2nd bedroom. Enjoy the living room fireplace, functional kitchen with a gas range, granite counters and stainless appliances, west facing deck, and panoramic views! This beautiful home is located in the Miraval community, which offers many amenities including a pool and spa, workout room, theater, and more! Priced to sell, this unit won't last.Go to http://dalewarfel.com/ for details.This home is listed at $330,000.

Market Update

Home sales increased, year-over-year, by 21.5% in June. This is the twelfth month in a row homes sales have been up compared to the year before. The 1,189 homes sold were the most since June 2006 when 1,192 homes were sold also. Year-to-date, home sales are up 25.4%.The median price for single-family, re-sale homes jumped back over $500,000 for the first time since last December, gaining 12.1% in June from May. Year-over-year, the median price was off 24.5% The average price gained 6.5%, month-over-month, but was off 24.1% compared to June 2008.Inventory dropped to its lowest level since January 2007. It was down 56% year-over-year.Pending sales, which is a leading indicator, was up 32.2% compared to last June.The sales price to list price ratio for homes rose 0.15 of a point to 97.61%.Condo sales rose 13.4% from May, and were up 33.3% year-over-year.The median price for condos rose 12.7% from May, but it was off 23.2% compared to last June. The average price gained 7.4%, month-over-month, but was down 26.2% compared to June 2008.Condo inventory was down 55.7% year-over-year, while pending sales were up 28.2%.The sales price to list price ratio for condos rose almost 0.8 of a point to 97.9%.


Professional News:

Our office has had record activity over the past 2 months, in numbers of listings, and written sales contracts. We are starting to see multiple offers on many of the lower priced properties. Short sales are getting more attention from buyers as buyers seem to be getting the fact that those properties offer some of the best opportunities to save money on the purchase. The press is starting to report the changes in the market, which is adding to the positive attitude about the market. With interest rates being as low as they are, buyers should seriously consider the possibility of making their move now rather than waiting.

OUR OFFICE IS STILL HIRING!

Keller Williams Realty offers a unique opportunity for new and experienced agents to achieve success both professionally and financially through their generous compensation program and educational opportunities. If you or someone you know is contemplating a full-time or part-time career in real estate, please let me know. I would enjoy talking with them about Keller Williams Realty.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
Also visit our websites http://www.willowglenhomesforsale.com/ and http://www.almadenvalleyhomesforsale.com/ to know more.

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