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San Jose, CA Real Estate News

By Gary Frimann CRS, GRI, SRES, ABR, SFR, REALTOR and Broker, Notary
(Eagle Ridge Realty / Signature Homes & Estates)
11 Facts You Didn’t Know About San Jose, California 1. San Jose is the oldest civilian settlement in California, founded in 1777 as 'El Pueblo de San José de Guadalupe', predating San Francisco and Los Angeles. 2. The Winchester Mystery House, one of San Jose’s most famous landmarks, contains staircases leading to nowhere and doors that open into walls, a result of Sarah Winchester’s belief in warding off ghosts. 3. San Jose was briefly the first state capital of California, but lawmakers moved it after just two years due to complaints about its small size and inadequate facilities. 4. The IBM Building in San Jose, built in 1943, is home to the invention of the RAMAC, the world’s first hard disk drive, laying the groundwork for modern computing. 5. San Jose has more patents per capita t...
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2501 Cordoba Way, San Jose, CA 95125   MLS# 80838948 This charming one story 3 bedroom 2 bath Willow Glen house features gleaming hardwood floors, granite counters, new stainless steel appliances, double pane windows, central air conditioning, a gorgeous backyard, Booksin Elementary and more. You have to see this home! Open House Saturday 11/22 1:30pm-4:30pm More pictures and virtual tour www.jimhoulihanrealestate.com Price $679,000
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
San Jose Ca homes Cambrian Park Homes 95124 95118 Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007There were 175 single family home listings active in the week ending November 8, 2008 compared to 190 single family home listings active in week ending November 10, 2007. Of the 175 single family home active listings there were 46 short sales, 15 bank owned homes and 114 traditional listings.There were 51 San Jose condos and San Jose Townhomes listed active compared to 51 in 2007. Of the 51 San Jose condos and San Jose Townhomes there were 12 short sales, 4 bank owned reo and 35 traditional listings. Kathleen Daniels, Broker RealtoCopyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Cambrian Park ~ November 8, 2008*
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
San Jose Ca homes Blossom Valley Homes 95123 95136 Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007There were 229 single family home listings active in the week ending November 8, 2008 compared to 284 single family home listings active in week ending November 10, 2007. Of the 229 single family home active listings there were 96 short sales, 34 bank owned homes and 99 traditional listings.There were 179 San Jose condos and San Jose Townhomes listed active compared to 233 in 2007. Of the 179 San Jose condos and San Jose Townhomes there were 81 short sales, 47 bank owned reo and 51 traditional listings. Kathleen Daniels, Broker Realtor Copyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Blossom Valley ~ November 8, 2008*
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
San Jose Ca homes Santa Teresa 95138 95119  Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007There were 107 single family home listings active in the week ending November 8, 2008 compared to 148 single family home listings active in week ending November 10, 2007. Of the 107 single family home active listings there were 46 short sales, 17 bank owned homes and 44 traditional listings.           There were 16 San Jose condos and San Jose Townhomes listed active compared to 33 in 2007. Of the 16 San Jose condos and San Jose Townhomes there were 6 short sales, 5 bank owned reo and 5 traditional listings. Kathleen Daniels, Broker RealtorCopyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Santa Teresa Nov 8, 2008*
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Christie's International Real Estate Sereno)
The Silicon Valley is an area mostly comprised of Santa Clara County, with a little bit slipping into adjoining counties (Santa Cruz, San Mateo, and Alameda most of all). Within Santa Clara County, population 1.8 million, the largest city by far is San Jose, which has nearly 1 million residents. To get a pulse on the area, San Jose is usually a very strong gage. Today I used the newest Altos Research reports, to which I subscribe, to see how San Jose and Silicon Valley are doing compared to a year ago. What's surprising is to see that the market climate isn't really a lot worse. It certainly feels worse - prices are down substantially, days on market are up and inventory is not low. But in actuality, conditions are very similar to Oct and Nov 2007. To read more, please visit: How's the ...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
I have clients that were referred to me by a past client. Writting an offer for a short sale home. With consistant failed contact was frustrating over and over again, taking classes to make me the knowledgeable agent my clients deserved. confiding in other agents in hopes of educating myself on what was going on behind the scenes. Frustrated from wanting the answers, my client so deserved, we wrote other offers for other homes. Short sale or not, the offers were coming back and my clients were, in their hearts waiting for that original offer to be accepted.  After 5 months and 4 offers, that original offer is countered. We accept and forward we go....  I am so proud to say this home was well worth the wait. (but of course the commission was not) For that home they really wanted, they ga...
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By Robert Whitelaw, Broker, CEO, Realtor , ePro
(Whitelaw & Sons Real Estate Services)
We take a look at all the housing numbers for August 2008 for Almaden Valley in Santa Clara County California. You can also see a general summary of the homes sold and the general statistics.   Summary Of Comparable Properties Single Family Residential   Address City Beds Bath DOM CDOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price   SOLD  20657 View Oaks Wy   San Jose   5   4+  26   26   9   4,530   $518.76   108,900   $2,499,000   31   $2,350,000    985 Woodview Pl   San Jose   5   4+  9   83   44   4,791   $480.07   43,560   $2,598,000   18   $2,300,000    7075 Kindra Hill Dr   San Jose   5   4+  88   88   82   5,975   $384.1   13,987   $2,495,888   1   $2,295,000    19511 Mockingbird Hill Ln   San Jose   4   4+  16   16   24   4,500   $455.56   22,137   $2,250,000   2   $2,050,...
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007 San Jose Ca homes Almaden Valley Homes 95120 There were 100 single family home listings active in the week ending November 8, 2008 compared to 72 single family home listings active in week ending November 10, 2007. Of the 100 single family home active listings there were 9 short sales, 6 bank owned homes and 85 traditional listings. There were 12 San Jose condos and San Jose Townhomes listed active compared to 7 in 2007. Of the 12 San Jose condos and San Jose Townhomes there were 0 short sales, 0 bank owned reo and 12 traditional listings. Kathleen Daniels, Broker Realtor Copyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Almaden Valley 95120*
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
San Jose Listings Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007 San Jose Ca homes Willow Glen Homes 95125 There were 262 single family home listings active in the week ending November 8, 2008 compared to 198 single family home listings active in week ending November 10, 2007Of the 262 single family home active listings there were 26 short sales, 15 bank owned homes and 221 traditional listings.There were 38 San Jose condos and San Jose Townhomes listed active compared to 33 in 2007.Of the 38 San Jose condos and San Jose Townhomes there were 3 short sales, 9 bank owned reo and 26 traditional listings. Kathleen Daniels, Broker Realtor and Foreclosure/REO ExpertCopyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Willow Gl...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
The Penitencia Creek light-rail station just 10-minute walk from the trail, and a potential BART station nearby, the trail is expected to serve as a key alternative commuter link. After six years of planning, negotiations among multiple agencies and $1 million in construction and emergency repair work, San Jose rededicated three miles of the Penitencia Creek Trail, a significant link in the 550-mile trail envisioned to ring the Bay Area along ridges. It runs through the Berryessa neighborhood, bordering Penitencia Creek from Toyon Avenue to Mabury Road south of Educational Park Drive. Planners expect to extend the trail one more mile toward the hills, connecting Alum Rock Park in the east to the Coyote Creek Trail in the west. Bridges crossing the creek. The trail was developed in the ...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
November 13 Mercury News report     By the looks of things Berryessa has an area, that has the most  homes with their actual value,   being less that the mortgages they have against them.   Here's a few facts about this area....   When people think of Berryessa, they think of the homes off Berryessa Road and towords Milpitas.   There is an area off Penitencia Creek near Toyon School, this area isn't even considered within city limits, therefore these homes are less desirable.   But in all actuality most people do not know that this areas High School is Piedmont Hills. Making this area the secret for the berryessa residents, if you would like to know more about this area or any other area within Santa Clara County please feel free to contact me at   denise.stuart@coldwellbanker.com      
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
San Jose Real EstateSan Jose Home Sales Reported in September 2008Property Type:  Single Family Homes ~ San Jose Ca Homes There were 526 single family homes reported sold in San Jose Valley during the month of September 2008. Current Inventory in the month of September 2008 = 3599 The average sales price was $559,531 The median sales price was $495,000 The average Days on Market (DOM) was 55 % LP Received = 98.15% There were 1108 new listings reported in San Jose Valley in September 2008. Property Type:  San Jose condos ~ San Jose townhomes There were 164 condos / townhomes reported sold in San Jose Valley during the month of September 2008. Current Inventory in the month of September 2008 = 1316 The average sales price was $340,045 The median sales price was $325,000 The average Days o...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
Good News! Your Berryessa Farmers' Market is now open year-round, rain or shine!               To our Friends of the Farmers' Market: Because of your enthusiastic support of the Berryessa Farmers' Market, it will now remain open year-round, rain or shine! The market will continue to provide you with the best in fresh locally-grown produce at the same location, 1376 Piedmont Rd. in San Jose, every Saturday from 9:00am to 1:00pm. We thank you for your support and look forward to seeing you throughout the year. Pacific Coast
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By CJ Brasiel 408-406-6035, Choose a real estate partner with a different view
(Veridian Realty Group)
Yes, "Corporate Owned" is the new phrase being utilized on the multiple listing service (MLS) to describe a home foreclosed upon and belonging to a corporation.  These listings are also called "bank owned" or REO (Real Estate Owned) properties.  With the recent bail out plan we may have to add another description, "tax payer owned" or TPO for short.  Sad, but true. One of the complaints I hear from clients searching the MLS is that they are unable to tell by the description whether or not a home is a "regular sale", short sale, or REO.  This is a bad practice by many agents but they are not required to give that information to the public.  They are required to indicate it to other agents.  Again, why I advise all buyers to have an agent that is representing your best interest.  After yo...
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By MichelleCherie Carr Crowe .Just Call. 408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years
(Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty)
Exactly what does it take to get a real estate loan for a home in Santa Clara County (San Jose, Cupertino, Saratoga Lynbrook) these days? To quote the Bible, right now "The meek shall inherit the earth," or to paraphrase, "the conservative buyers shall get the loans." I constantly tell my clients that every market is good for someone; I just need to know what you want to do to best advise you on whether now is the best market for what you want to do. RIGHT NOW the Market favors : pay themselves first (put money into savings before paying other bills) are stable in their jobs do their homework and analyze the facts before committing to a course of action. Right now is one of the best opportunities for REAL Buyers and Investors to purchase homes and income property at reasonable interest ...
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By Glen A. Mitchell, Broker, CDPE, Santa Cruz, Half Moon Bay,El Granada
(Keller Williams Peninsula Estates)
Ok so this post is two weeks late in coming, but I wanted to acknowledge my friend Kevin O'keefe owner of Universal Structural Engineers.  He called me up with an extra ticket to see the sharks play the sharks in a preseason game.  Teal versus White.  Not only did we get to see the game(sharks won... surprise surprise), but were served dinner ahead of time.  Didn't win anything at the dinner raffle, but got a free shirt and poster to bring home to the kids.  At this point we can fast forward a couple weeks and say the sharks are already up 3-0.  Not a bad way to start.  Here is my prediction... Sharks win 2008-2009 Stanley Cup.  Ok so that's my prediction every year.  For more info on the sharks check out their great website at http://sharks.nhl.com/index.html.  Games are at the HP Pavi...
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Christie's International Real Estate Sereno)
How're things in the Cambrian Park real estate market?  It's a bit of mixed bag, with some hints that the worst could be behind us. The months of inventory have been all over for Cambrian condos, but for houses, that number has mostly been under 6 months for most of 2008. The condo market has been improving steadily such that it, too, is lining up with the single family home market at just under 6 months of inventory. (Six months is the balance point, according to the National Association of Realtors. More is a buyers market, and less is a sellers market.) Right now, it is very close to being a "balanced market", meaning that it's about equally favorable to buyers as to sellers. Have a look at the graph below, which reflects the absorption rate, or months of inventory, for both single f...
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Christie's International Real Estate Sereno)
How's the market?  In the Almaden Valley area of San Jose, there are mixed signs. Let's have a look at the absorption rate to begin our analysis of the San Jose real estate market in the Almaden Valley area (zip code 95120). The absorption rate is the rate at which homes are selling. It factors in the current inventory vs the closed sales for any given period of time. It could be months, weeks, or even days of inventory. If no new homes were to come on the market and properties continued selling at the current rate, how long would it take this pool of homes to sell off? That's what the absorption rate, or months of inventory, reflects. There's one disclaimer with the data as charted below. It relies on that ratio between current inventory and closed sales in any given period (in this ca...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
  A family is looking for the Lynbrook school area home, I found this home on our local reil.com. It is a 3 bedrooms and 2 baths on Johnson Ave small 1100 sf (approx) with 6327 sf.(approx).The asking price is $800K. It is on the market also for a while. Th Johnson Ave is a bit busier but the owner's kids can go to the excellent Fremont Unified School District such as Dilworth Elementary, Miller Middle and Lynbrook High. In year 2005 I helped my buyer to put an offer at Johnson Ave for $825K then it sold for $830K in 2005. One year early 2004 the same kind of the small Johnson home asked for $649K then sold for $743K. You may wonder:"Why buyers pay more than asking price?" because the family kids can go to the famous Lynbrook High School. Let us find out why Lynbrook High School area is...
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