February 11-13th, 2012

Friday, February 10, 2012 – from 12noon to 6pm

Saturday, February 11, 2012 – from 10am to 6pm

Sunday, February 12, 2012 – 10am – 5pm

Patio Furniture Giveaway – over $5,000 over the weekend

       “How To” Seminars:

• 12:00pm – 4:00pm on Friday, February 10, 2012
  
• 11:30am – 4:30pm  on Saturday, February 11, 2012
  
• 11:30am – 3:30pm on Sunday, February 12, 2012
  
• Friday – Saturday from 12 – 3 pm – Free antique appraisals

Hourly Price Buster Sale – rolling back prices – every hour will announce various exhibitors offering roll back price savings.

The San Mateo Event Center is located at 1346 Saratoga Drive, San Mateo, CA

There is Free street parking at the event.  There is also an Event Center parking lot which charges a $10 fee for parking.

Let us know if you win patio furniture for your San Jose home.  Kathleen Daniels, San Jose Real Estate Agent will feature you and your new patio furniture on  San Jose Real Estate and San Jose Homes site.  If you don’t have a San Jose Home, then let me help you find the perfect home for you.  Don’t delay – call 1-800-972-1822 today and get started on your San Jose home search.  

New construction of Blossom Valley Homes at the corner of Blossom Hill Road and Southcrest Way between Chesbro and Cahalan in San Jose, Ca 95123.

The single family homes will be approximately 1,660 to 2,159 square feet; up to 4 bedrooms; and anticipated pricing from the high $600,000’s.

The name of the Development is Westbury, by Brookfield Homes.

Video taken on Sunday, January 29, 2012 – Check back for Video Updates

This location is convenient to shopping, dining and freeway access.  Westfield Mall is just minutes away.  Across Blossom Hill Road is an OutBack Steak House, Marie Callender’s, Juicy Burger, City Espresso, several fast food establishments and retail shops.  The Cahalan Post Office is a block away. It’s also close to Highway 85. The farthermost end of this development at Chesbro abuts Highway 85.

An important tip for San Jose home buyers looking to purchase new construction.  Know that the sales person works for the builder/developer.  This means that you definitely want to hire an experienced San Jose Real Estate Agent to represent YOU.  Make sure you have your San Jose real estate agent with you when you first visit and register at the sales office.  If your agent is not with you when you first register then your agent will not be able to represent you.

Second important tip:  Get a property inspection.  Just because it is new construction does not mean there are no construction defects.  This allows your agent to negotiate the repairs before escrow closes. You would be surprised what home inspectors find with newly constructed homes.

If you are looking to buy or sell your San Jose home or any location in Silicon Valley allow me the opportunity to be of service. 

My consultations are free. Your satisfaction is my guarantee. 

Kathleen Daniels, Broker – Serving San Jose and  Silicon Valley – 1-800-972-1822

Week ending December 31, 2011 compared to January 1, 2011

There were 78 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 31, 2011.

There were 145 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending January 1, 2011.

Of the 78 Blossom Valley homes there were 31 San Jose short sales, 8 bank owned homes and 39 traditional Blossom Valley homes for sale.

Half of the Blossom Valley homes for sale are comprised of short sales and bank owned homes. Many people confused distress sales with distressed properties. Most Blossom Valley short sales are not distressed properties. Many are nicely maintained and move-in ready homes. The sellers simply are facing financial difficulties and are unable to make their mortgage payments. For most Blossom Valley homeowners, a short sale is preferred over foreclosure.

3 month moving average

Blossom Valley Real Estate – 2011 Year End Market Report

• Median Price: $455,000 = 2.2% decrease from November 2011 ($465,000); Year-over-Year = 4.2% decrease at $475,000
  
• Average Price: $472,841 = 1.6% increase from November 2011 ($465,607); Year-over-Year = 3.0% decrease at $487,407
• No. of Sales: 55 = 17.0% increase from November 2011 (47 sales); Year-over-Year = 3.8% increase at 53 sales
• Sale vs. List Price: 99.3% = 1.5% increase from November 2011 (97.8%); Year-over-Year = 0.5% increase at 98.8%
  
• Days on Market: 50 = 32.5% decrease from November 2011 (74 days); Year-over-Year = 5.5% increase at 47 days

Inventory continues to be low in the Blossom Valley Real Estate Market. Prices are holding relatively steady.  Low inventory means we are experiencing multiple offers on Blossom Valley homes.  Buyers continue to look for “good deals” which may be found in a short sale.

If you are having difficult making your mortgage payment and don’t know what to do then call an experienced San Jose Short Sale agent for a free consultation.

Don’t wait until you are out of time. Call today!  800-972-1822 

• 49 Almaden homes, including short sales and bank owned homes for sale in the week ending December 31, 2011.
• 62 Almaden homes, including short sales and bank owned homes for sale in the week ending January 1, 2011.
• Of the 49 Almaden homes there were 8 San Jose short sales, 1 bank owned home and 40 traditional Almaden homes for sale. 

The number of short sales in the Almaden real estate market are relatively few in comparison to many other San Jose neighborhood communities. While short sales may be fewer in Almaden, the numbers of short sales are increasing. Almaden homeowners can avoid foreclosure by hiring an experienced San Jose Short Sale Agent.

Don’t wait until it’s too late.

Call 800-972-1822 today for a free, no obligation consultation.

Almaden Valley Real Estate – 2011 Year End Market Report

• Median Price: $856,500 = 8.4% decrease from November 2011 ($935,000); Year-over-Year = 8.9% decrease at $940,000
  
• Average Price: $896,636 = 11.0% decrease from November 2011 ($1,007,750); Year-over-Year = 9.2% decrease at $987,539
  
• No. of Sales: 22 = 15.8% increase from November 2011 (19 sales); Year-over-Year = 4.3% decrease at 23 sales
  
• Pending Properties: 28 = 9.7% decrease from November 2011 (31 properties); Year-over-Year = 6.7% decrease at 30 pending sales
  
• Sale vs. List Price: 98.7% = 0.1% increase from November 2011 (98.8%); Year-over-Year = 1.7% increase at 97.1%
  
• Days on Market: 69 = 46.6% increase from November 2011 (49 days); Year-over-Year = 45.1% increase at 48 days
  

What does this mean for the Almaden real estate market?

Prices month over month and year over year continue to be down. Inventory continues to decline It took longer for homes to sell in December.  This may be attributed to the holidays. Although prices are down, the list price of homes in Almaden that went under contract in December held steady at nearly 99% of list price.

While prices dropped nearly 9% from last year, it’s still a great time to sell homes in Almaden.  Let supply & demand work for you. We still see multiple offers on competitively priced homes. This is especially true in Almaden Valley, a highly desirable community with top rated schools.

2011 Year End Market Report

Week ending December 31, 2011 compared to January 1, 2011

There were 1,372 Silicon Valley homes, including short sales and bank owned homes in the week ending December 31, 2011.

There were 2,065 Silicon Valley homes, including short sales and bank owned homes in week ending January 1, 2011.

Of the 1,372 Silicon Valley homes for sale, there were 353 short sales, 192 bank owned homes, and 886 traditional Silicon Valley homes for sale.

Silicon Valley Real Estate – 2011 Year End Market Report

• Median Price: $535,000 = 4.4% decrease from November 2011 ($559,500). Year-over-Year = 4.6% decrease from $560,000. December was the 14^th consecutive month the median price for homes was lower than the previous year.
• Average Price: 722,631 = 4.1% decrease from November 2011 ($753,848). Year-over-Year = 4.3% increase from $693,064.
• No. of Sales: 868 = 8.0% increase from November 2011 (804 sales). Year-over-Year = 3.6% decrease from 900 sales.
• Sale vs. List Price: 98.7% = 0.3% decrease from November 2011 (99.0%). Year-over-Year = 0.2% increase at 98.5%.
• Days on Market: 63 = 5.9% increase from November 2011 (59 days). Year-over-Year = 3.5% increase at 61 days.

2011 Sales Increased, Prices Dropped

• Single-family, re-sales home sales were up 0.5%
• After a nice gain in 2010, prices were down. The median price for homes dropped 5.3% and the average price dropped 1%.
• Condo sales were up 12.2% over 2010.
• The median price for condos dropped 13%.
• Inventory continues to be low for both homes and condos. This should help drive prices up.

If you are Facing Foreclosure – understand your options.

Don’t wait until you’re out of time. Avoid Foreclosure.

Call 800-972-1822 for a free consultation.

Week ending December 3, 2011 compared to December 4, 2010

There were 1,736 Silicon Valley homes, including short sales and bank owned homes in the week ending December 3, 2011.

There were 2,454 Silicon Valley homes, including short sales and bank owned homes in week ending December 4, 2010.

Of the 1,736 Silicon Valley homes for sale, there were 409 short sales, 150 bank owned homes, and 1,177 traditional Silicon Valley homes for sale.

Silicon Valley Real Estate – Market Report November 2011

• Median Price: $559,500 = 1.7% increase from October 2011 ($550,000)
• Average Price: 753,848 = 5.3% increase from October 2011 ($715,689)
• No. of Sales: 804 = 0.6% increase from October 2011 (799 sales)
• Sale vs. List Price: 99.0% = 0.3% decrease from October 2011 (99.3%)
• Days on Market: 59 = 0.5% increase from October 2011 (59 days)

Market Barometer

The Market Barometer is a rough estimate of the state of the market. Real estate markets are very local. Regardless of whether the market favors buyers or sellers, there will always be premium homes priced right that attract multiple offers, unless of course the market has totally crashed! Conversely, there are always over-priced listings that will never sell.

• The Market Barometer compares homes sold to homes newly listed.
• The following thresholds are used: +0.10 to indicate a Sellers market and -0.10 to indicate a Buyers market. A balanced market is anything in between and is indicated by the gray columns.

The sale of Silicon Valley homes fell 4.8% in November from October. Year-over-year, home sales are down 5.9%. Year-to-date, home sales are flat.

November Condo sales were down 2.5% from October, but were up 26.9% year-over-year. Year-to-date, condo sales are up 12.3%.

The median price for homes was down 5.2% year-over-year. This is the thirteenth month in a row the median price for homes were lower than the year before.

The median price for condos was down 12.5% compared to last November.

Inventory of both homes and condos continues to be low, which should be good for prices. Home inventory was down 28.9% compared to last November. Condo inventory was down 46.1% year-over-year.

If you are Facing Foreclosure – understand your options.

Don’t wait until you’re out of time. Avoid Foreclosure.

Call 800-972-1822 for a free consultation.

Week ending December 3, 2011 compared to December 4, 2010

There were 92 Cambrian homes, including short sales and bank owned homes in the week ending December 3, 2011.

There were 147 Cambrian homes, including short sales and bank owned homes in week ending December 4, 2010.

Of the 92 Cambrian homes there were 19 San Jose short sales, 11 bank owned homes and 62 traditional Cambrian homes for sale.

San Jose Short Sales in Cambrian, also known as Cambrian Park, continue to increase. Understand foreclosure alternatives in Cambrian Park San Jose.

Prices and Sales

The above graph shows the median price, the average price and the number of properties sold. Prices are represented by the bars. Sales are represented by the line.

A 3-month moving average is used to smooth out month-to-month fluctuation and reflects seasonal variations.

Cambrian Real Estate – November 2011 Market Report

• Median Price: $579,500 = 5.0% increase from October 2011 ($552,000)
• Average Price: $613,950 = 7.9% increase from October 2011 ($569,068)
• No. of Sales: 42 = 13.5% increase from October 2011 (37 sales)
• Sale vs. List Price: 98.2% = 0.4% increase from October 2011 (97.8%)
• Days on Market: 52 = 27.3% decrease from October 2011 (71 days)

Cambrian Home prices were up in November. Year over year the median price of a Cambrian home was $600,000, down 3.4%.  However year over year the average price of a Cambrian home is the same. Inventory continues to decrease which is driving prices up.

It’s a great time to sell a Cambrian home. Give me a call to discuss your specific goals and needs. Let me show you how my marketing plan gets homes sold fast.

If you are buying a Cambrian home then let me share how my offer strategy will get your offer accepted, even in a multiple offer situation.

Short sales continue to increase. If you are facing financial difficulty and don’t know what to do, then call 800-972-1822 for a free, no obligation consultation. 

Week ending December 3, 2011 compared to December 4, 2010

There were 93 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 3, 2011.

There were 159 Blossom Valley homes, including short sales and bank owned homes for sale in the week ending December 4, 2010.

Of the 93 Blossom Valley homes there were 41 San Jose short sales, 7 bank owned homes and 45 traditional Blossom Valley homes for sale.

Prices and Sales

The graph above shows the median price, the average price, and the number of properties sold.

Prices are represented by the bars while sales are represented by the line.

We use a 3-month moving average to smooth out month-to-month fluctuations which includes seasonal variations.

 Blossom Valley Real Estate – November 2011

• Median Price: $465,000 = 0.4% increase from October 2011 ($463,000)
• Average Price: $465,607 = 2.0% decrease from October 2011 ($475,054)
• No. of Sales: 47 = 4.4% increase from October 2011 (45 sales)
• Sale vs. List Price: 97.8% = 1.6% decrease from October 2011 (99.4%)
• Days on Market: 74 = 14.5% decrease from October 2011 (86 days)

Inventory is low in the Blossom Valley Real Estate Market. The numbers of Blossom Valley homes for sale remain dominated by short sales.  Prices are holding relatively steady.  Low inventory means we are experiencing multiple offers on Blossom Valley homes that are priced competitively.  Over-priced homes tend to sit on the market and actually help sell homes that are priced too high.  Buyers continue to look for “good deals” which may be found when buying short sale properties. 

If you are facing financial difficulty and cannot make your mortgage payment, then call for a free no obligation consultation. Take action now before it is too late.

If you are looking to sell a Blossom Valley home then give me a call to discuss your specific goals, needs, wants, and desires. Let me show you how my marketing plan gets homes sold fast.

If you are buying a Blossom Valley home let me share how my offer strategy will get your offer accepted even in a multiple offer situation.

We are here to serve all of your Blossom Valley Real Estate needs.

Call 800.972.1822 today!

• 57 Almaden homes, including short sales and bank owned homes for sale in the week ending December 3, 2011.
• 95 Almaden homes, including short sales and bank owned homes for sale in the week ending December 4, 2010.
• Of the 57 Almaden homes there were 6 San Jose short sales, 1 bank owned home and 50 traditional Almaden homes for sale. 

The number of short sales in the Almaden real estate market are relatively few in comparison to many other San Jose neighborhood communities. While short sales may be fewer in Almaden, the numbers of short sales are increasing. Almaden homeowners can avoid foreclosure by hiring experienced San Jose Short Sale Agents.

Don’t wait until it’s too late.

Call 800-972-1822 today for a free, no obligation consultation.

The above graph shows the median price, the average price and the number of properties sold. Prices are represented by the bars. Sales are represented by the line. A 3-month moving average is used to smooth out month-to-month fluctuation. The 3-month moving average will show seasonal variations.

Almaden Valley Real Estate – November 2011

• Median Price: $935,000 = 13.0% decrease from October 2011 ($1,075,000)
• Average Price: $1,007,750 = 12.0% decrease from October 2011 ($1,144,880)
• No. of Sales: 19 = 29.6% decrease from October 2011 (27 sales)
• Pending Properties: 31 = 11.4% decrease from October 2011 (35 properties)
• Sale vs. List Price: 98.8% = 1.9% increase from October 2011 (97.0%)
• Days on Market: 47 = 8.7% decrease from October 2011 (52 days)

What does this mean for the Almaden real estate market?

Prices month over month and year over year are down. We see a direct correlation between active inventory and pending sales. The lower the inventory the quicker homes are sold. This is reflected in the number of days on market. Although prices are down, the list price of homes in Almaden that went under contract in November held steady at nearly 99% of list price.

It’s a great time to sell homes in Almaden. Let supply & demand work for you. We still see multiple offers on competitively priced homes. This is especially true in Almaden Valley, a highly desirable community with top rated schools.

My friend of mine who is an Interior Designer recently suggested that I contact her “contractor” to have some work done in my San Jose Ca home.  Even people who know better may from time to time discover that they missed a step in the hiring process. As a San Jose Real Estate Agent I always check license status before I refer anyone to my clients. I also check an agent’s license status before presenting or writing offers. A copy of the agents license status is placed in my file.

We cannot assume anything!  Referrals are great.  All business owners love them. Just because someone we know and trust refers someone to us does not mean the referral is licensed. We need to ask the right questions and check the referrals license status. 

I recently made the mistake of hiring my interior designer’s “contractor” to perform work in my home.  It did not take long after the work was started before red flags were waiving all around the project.  First red flag was the contractor never showed up.  His “employees” who did not speak English arrived to do the work.  I later learned that if I wanted the “contractor” onsite to supervise it would cost me more money.  After several frustrating days of attempting to over-see the workers with whom I could not communicate with, I asked my interior designer to stop by to see the poor quality work and asked her for his license number as I could not find it on the Contractor’s State License Board website.

What baffles my mind is how someone I know and have done business with in the past does not seem to feel that referring unlicensed people is not a problem. When I questioned her and the risk and liability it places on a homeowner her response was:

“Never referred to Jim as a licensed contractor.  Doesn’t mean he knows any less than someone who passed an exam.  He’s just never been w/out work so it’s never been an issue.”

The “contractors” response: “I have 30 years worth of satisfied customers, and no one has ever complained. I never tell people I am licensed, and if I am asked I am always honest.”

Good lessons here for all.  Don’t make the same mistake I made. Be careful not to buy too much into what people say when they are selling you their product or service. When it comes to hiring a contractor – check their license status first.

If you choose to hire someone who is not licensed, at least understand the risk and go into it with your eyes wide open.