Stop rental scammers – 3793 Justine Dr, San Jose CA 95124

Stop rental scammers – 3793 Justine Dr, San Jose CA 95124

Okay – now is your chance to report the low-lifes that are trying to scam you out of your hard earned money.

I am the listing agent at this home 3793 Justine Dr.  No, this home is not for sale.  I have had 3 potential renters call me to find out if the Rental Ad from both Craigslist and Trulia was for real.  The scam artist is sounding very convincing. Continue reading

If we had double the inventory we could have easily done double the sales

The real estate market in Santa Clara County has been HOT!!   We have a very low inventory of only 1659 homes and condos/townhomes.   Investors, first time buyers and move up buyers and sellers are out in full force. I recently had an open house with 125 attendees in 3 hours and this was on a blustery day. The rapid change really started in the last 2 months.

So here is the Sales Statistics Update Report. Remember we have a population of 1.8 Million people.  Continue reading

What can a rehabber do?

Fixer Upper in Dorena

The Santa Clara County real estate market has heated up so much in the last 2 months.

There have been many properties especially at the lower price range in San Jose that are getting 30+ offers. The resulting sales price might not work now for the “rehab and sell” investor.

Some of the reasons why? Continue reading

Silicon Valley Real Estate is HOT!

Sizzle (album)

As of March 31, 2012 active listings in Santa Clara County are a scant 1671.  That is right just 1671 houses, condos and townhomes in the entire county.  What is the population of that area?  1.7 Million!

The breakdown of that number is – single family homes, 1320 and condo/townhomes, 351. These numbers were down 52% from last year’s figure!

The number of homes and townhome/condos that went into contract over the last 30 days was 2041 (single family – 1476, condo/townhome – 565). This figure was slightly less than last year.

Just a note if we had the inventory we would have sold a lot more homes!  Many areas are seeing multiple offers on properties.  In the low end housing there are up to 30 offers.  Mid-range is seeing 5+ depending on area.  The Peninsula is HOT.

The number of closed sales in March were 1324 (918 were single family homes and 406 were condo/ townhomes). The closed sales are even with last year.

Home prices in the area are close to the lowest they have been and interest rates on mortgages are really low. Now might be your time to check out the Real Estate market.

Make it a great week!

Pat Chadwell, broker
Certified Real Estate Specialist
Realty World – Residential Specialists
408-927-6565 x 11 (direct)
www.patchadwell.com

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Foreclosure ratings by San Jose zip codes

This graphic gives you a perspective on # of new foreclosures  in San Jose by zip code (as of 01/12).

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Interesting to see the differences by zip.  What have you seen?

Pat Chadwell, broker
Realty World – Residential Specialists
408-927-6565 x 11
http://www.patchadwell.com
CRS, SRES, CDPE, CIAS, ePro, SFR

Are you a senior or helping a senior?

Leaves!

Are you a senior or helping a senior?

I have found a great tool to help seniors organize their estates.  It is a simple and none threatening way to let the heirs know where are the records, bank accounts, safe deposit boxes, data on retirement accounts and possessions, etc.

I had the pleasure of again running into Jeanne K. Smith of Exit Stage Right.  She gave a very informative talk about what she finds in homes after the passing of a loved one.  I remember when I first heard her over 10 years ago that she was onto something important. Continue reading

Sunnyvale has a bright future

English: Two booths at Farmers market in Sunny...
Image via Wikipedia

I wanted to start with the condo/townhome properties in Sunnyvale.  The stats are really impressive.  The number of condos/townhomes on the market is only 17, with pending sales for the last 30 days at 33 and closed sales in February were 21. From last year the active listings are down 72% and closed sales are up 30%!  These are great statistics. Continue reading

Santa Clara, CA is performing well

Can you believe it  the number of active single family homes in Santa Clara (city) is 30, the pending sales in the last 30 days were 71 and closed sales for February were 25?

Active listings are down 43% compared to last year.  Closed sales are up about 10% and pending sales were even when compared to last year’s figures. Continue reading

Santa Clara Condos/Townhomes Flying off the Shelves

Santa Clara Condos/Townhomes Flying off the Shelves.  Can you believe it – Last year there were 97 active condos/townhomes in Santa Clara.  This year there are just 42!  That is a 57% reduction from last year.

Pending sales in the last 30 days for the same group (condos/townhomes) were 36 and closed sales in January were 19.  How much change is there really from last year?  The pending sales were up 44% over last year’s figure and closed sales – Hold onto your hat – were up 380%. Continue reading