Cupertino Real Estate Market Still Hot Early in 2010
Last year, homes for sale in Cupertino were in strong demand and it is still hot! Alain Pinel Realtor Mark Wong, in our Saratoga, CA office cited as an example 1145 Hunterston Place (3 br/2ba, 1,190 +/-sq ft , on a 6,400 +/- sq ft lot, listed at $918,000), which with one…
Saratoga Real Estate Starts 2010 With Strong Demand
With an inventory of only 76 homes for sale in Saratoga, CA 95070, very low interest rates and the stock market DOW index over 10,600, demand for homes in the Golden Triange with Saratoga Schools is strong demand. The 3br/2 1/2 ba, property we put on the market last week at…
Montalvo Arts Center Adds Value to Saratoga Real Estate
Montalvo Arts Center has long been a Saratoga treasure, but it is getting even better! With Angela McConnell being appointed the new Executive Director in Spring 2009, Montalvo has taken on new efforts to reach out to with relevant and innovative educational programs in 2010 for adults and children. They…
New Years Reflections, Predictions and Resolutions
January is a time of reflections, predictions, and resolutions. So here are some of my mine: Reflections: 2009 real estate activity started down and ended up. Sales of homes increased this past November to the highest level in nearly three years. Lower mortgage rates, pent-up demand, and strong first-time homebuyer…
Saratoga, CA 2009 Real Estate Statistics Review
2009 was a mixed year for home sales in Saratoga, CA 95070, highlighted by the following: There were 221 Single Family Homes that closed escrow that were listed on the multiple listing service. The highest price was $6,998,550 and the lowest was $645,000. Most of the sales were “standard sales”…
Stages In Senior Care and Your Parents’ Home
Are you the adult child of an aging parent, concerned about what options are available for your senior parent as they show signs of needing help living at home? Are you wondering what resources are available to assist them to continue to live in their home with safety and comfort…
Cupertino Real Estate Market is Hot
Multiple offers again this past week in Cupertino area indicate how the real estate market in different localities can vary. In this case, low inventory and high demand because of school scores is the reason. Here is a sample from Alain Pinel Realtor collegue Mark Wong: 10212 Colby Avenue –…
Trend Moving Toward a Sellers Market in Saratoga Real Estate
 With a Market Action Index as of October 25 2009 at 18.22, Saratoga, CA 95070 is currently a “buyer’s market”, but the trend is moving in the direction towards a sellers market (note particularly the 90-day trend in orange from a low this past Spring and the gradual rise).  Residential house prices…
California Real Estate Forecast for 2010
Home sales in Saratoga, Los Gatos, Monte Sereno and surrounding Santa Clara County communities are not really indicative of trends in other parts of the State, but public impressions may be colored by what consumers read about the real estate market in the State as a whole. So just read…
U. S. Housing Market is Recovering
Good news. According to the National Association of Realtors chief economist, Lawrence Yun, the housing market has turned for the better: “The recovery is broad-based across many parts of the country. Housing affordability is at record highs.” The Pending Home Sales Index reports that contract activity for pending home sales…
Saratoga Closed Home Sales Average $1.47 million
Based on the past 54 closed escrows in Saratoga, CA here is a summary: Sale Prices              List Prices of Sold Homes Minimum:   $785,000     Minimum:   $799,000 Average:   $1,474,226       Average:    $1,571,714 Median:    $1,378,145    …
Multiple Offers on Silicon Valley Homes For Sale
As inventory is being rapidly absorbed at the lower end of the real estate market in Silicon Valley, it causes upward pressure in the middle market (under $1 million). Here are several examples of recent multiple offers in Cupertino, west San Jose, Sunnyvale and Campbell (compiled by Alain Pinel Realtors…
Median Price of Homes For Sale in Saratoga, CA on the Rise
Since the low point of March 2009, the inventory of detached homes for sale in Saratoga, CA has taken a major reversal. Inventory rose steadily to high levels through the summer and then started to take a pronounce drop after Labor Day. …
California Home Sales Up 38% from 2008
Yesterday was the last day of the California Association of Realtors (CAR) in San Jose. Thursday the talk was about the ‘new normal’. According to the California Association of Realtors, CAR, home sales are now 38 percent higher on a year-to-date basis compared to 2008 and it’s due in large…
Mortgage Interest Rates Favorable to Saratoga Home Buyers
There is currently a "rate rally" going on, which means that rates are very low and it is a great time to refinance and/or buy a home in Saratoga. Jumbo rates have come down as well and guidelines will be loosening especially with regard to down payment requirements. The…
