Category Archives: Real Estate Update

Wow…you have to tell all your friends about this townhome! Super clean and remodeled…


This home has been remodeled throughout! From the granite slab kitchen counters with maple cabinets and stainless steel appliances to the travertine flooring in the entry and kitchen with a tile inlay.  Crown molding, double-pane windows, 2 sliders leading out to your very own patio, laminate flooring, decor colors, wood-burning fireplace with a travertine surround and custom mantel, remodeled bathrooms, extra storage in the 2 car garage with epoxy flooring and new drop down ladder that gives access to extra storage in the attic. Recessed lighting throughout the ground level is just a bonus.  The biggest thing the homeowner just absolutely loves is there is no common wall for the living space…just one garage wall. Oh, and for those hot summer days we are having…there is air conditioning and a community pool waiting for you.

CLICK FOR VIRTUAL TOUR: 7118 Menaul Ct

TELL YOUR 1st TIME BUYERS AND INVESTORS! ONLY $549,000 SF 3bed/2bath on the…


Here is an incredible opportunity to only be the 2nd owner to live in this great home.  It includes beautiful refinished ¾ inch oak hardwood floors (7/16), fresh interior paint (7/16), 3 spacious bedrooms, 2 of which include walk-in closets, 2 bathrooms, a composition shingle roof (2014), central air conditioning for those hot summer days, and a large rear yard waiting for your imagination. Near by access to highway 101/680/280, neighborhood park with a basketball court/playground/large greenbelt, and a 9 hole public golf coarse.

CLICK FOR VIRTUAL TOUR: 1795 Margaret St

Best Priced 5 Bedroom with 3 Bathrooms in all of Almaden!


OPEN HOUSE TODAY ONLY 3-12-16 1:30pm-4:30pm

This functional and well taken care of home by the original owner gives you a great opportunity to live in Almaden with 5 spacious bedrooms, 1 bedroom and a full bathroom located on the ground level, a 3 car garage with the 3rd car space currently used as an office that is fully sheet rocked with heat/air, a huge side yard great for possible rv/boat parking, and if you love the outdoors then you will really enjoy the 4,000+/- acre adult playground that can be seen from the 2nd level called Quicksilver County Park. Neighborhood schools Los Alamitos Elementary, Castillero Middle, and Pioneer High. *Schools to be verified by buyer(s)…

CLICK FOR VIRTUAL TOUR: 1462 Redmond Ave 95120

Truly Impeccable home built in 2007!!!


4 bedroom plus a ground level den/office in the Coyote Estates neighborhood that offers an open concept kitchen-great room with tile, and handscraped chestnut hickory engineered hardwood floors. Spa like master bathroom with your own private jetted tub to his and hers walk-in closet.  If you like to entertain then you will enjoy the outdoor kitchen with a 4 burner stainless steel bbq, mini fridge and sink complimented by slate counters and shaded by 2 custom pergolas for those warm days. Only blocks away from the neighborhood park with tennis courts, playground, and the Coyote Creek Trailhead that offers an unbelievable 15 mile bike trail to San Jose. Top rated school within the district (Nordstrom Elementary) *School to be verified by buyer(s)…

CLICK FOR VIRTUAL TOUR: 1472 Painted Feather Dr

10 Metros With Highest Home Owner Incomes


And everyone wonders where the money is coming from, but you didn’t realize that you make almost double over the rest of the U.S.!

10 Metros With Highest Home Owner Incomes.

 

Fastest-Growing Brokerages by Volume, Sides


While having complete trust in me to market your home or find you a place to call home for the family, it’s nice to know that I also work with a Brokerage that doesn’t mess around. Alain Pinel Realtors ranked top 5 of the 500 largest brokers in the Country by closed transaction sides and by closed sales volume. Thanks to all for allowing me to do what I love…and able to support my family.

Fastest-Growing Brokerages by Volume, Sides.

 

Real Estate Update for Santa Clara County March 2014!


Good evening everyone and welcome to Raymond’s Real Estate Update for Santa Clara County and San Jose Real Estate 2014!  What a year so far as the market is again on the rise.

While the inventory contributes to the pricing here in Silicon Valley, the demand over supply is still very high even after homes have appreciated 19.97% for the first 3 months of this year.  So how high will it go?  That’s a great question everyone asks these days.  Santa Clara County has been on the rise since we bottomed out in February 2009 when the median price dropped to $442,000.   As of March 31, 2014 it hit $865,000 which happens to only be $3,000 away from a high of $868,000 in 2007.

The market is different these days.  Such as the interest rates that have increased by 1-1.5% higher over last year, but still 3% lower than it was during the dot.com days.  The down payment is also much different.  I remember all cash during the dot.com days, the stated income days or when buyers were coming in with a 1st and a 2nd loans and only 5% of their own money.  Today, buyers are coming in with ALL CASH again.  At least 33% of the time with my listings last year and or 20%-50% down.  The down payment in some cases has even come from the parents.  I just had one that the parents gifted $200k+ to their child so that they can accomplish their dream…and guess what?  It worked when I had 7 offers and their down payment was the highest.  The question that most buyers ask is what difference does it make when one has 10% down and the other has 35% down…isn’t all the same at the time it closes escrow?  It is…if it closes.  That’s a big if during the 20-30 days it takes to close escrow as qualifications in my experienced have changed and or the lender didn’t really qualify the buyer in the first place.  I can get into more of that if you want to call me at 408-655-7900.  Bottom line is every seller I have dealt with has taken the highest or pretty close to the highest down payment that happens to be in line with the best terms and best price.

Inventory is still an all time low over most real estate markets we have had since 1999 in Santa Clara County.  Generally we can see 1,500-4,000 at this time of the year and yet the inventory ended in the month of March 2014 at 906 single family homes available. The weather didn’t help out buyers this year as our spring started in December 2013 instead of March or April 2014.  Another reason if you are a buyer and or a seller reading this you should contact me.  Most these days haven’t sold or purchased during the crazy markets we are experiencing. and think of Spring or Summer being the best months to buy or sell. I can show you numbers that say something different.

Take a look at just some of the graphs below showing actual numbers for Santa Clara County Real Estate, San Jose Real Estate, Almaden Valley Real Estate, Cupertino Real Estate, Santa Clara Real Estate, Campbell Real Estate, Blossom Valley, and Los Gatos Real Estate. 

Santa Clara County median price up 19.97% for the 1st 3 months.

ALMADEN median price 21.5%↑ Feb.-March or 7.7%↑ over same time last year. 

 Cupertino median price 13.2% Feb.-March or 21.3%↑ over same time last year.

Cambrian median price 8.4%↑ Feb.-March or 11.7%↑ over same time last year.

CAMPBELL median price 2.3% Feb.-March or 11.3% over same time last year. 

SANTA CLARA median price 1.1%↑ Feb.-March or 23.5%↑ over same time last year.

LOS GATOS-Monte Sereno median 15.1%↓ Feb.-Marchor 7%↑ over same time last year.

BLOSSOM VALLEY median price 1.7%↓ Feb.-March or 8.3%↑ over same time last year.

Thanks for reading Raymond Chavez Real Estate Blog!  In the mean time don’t forget to visit www.raymondchavez.com to connect with me on LinkedIn or Facebook!