Category Archives: Real Estate Update

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.


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 days.  The down payment is also much different.  I remember all cash during the 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 to connect with me on LinkedIn or Facebook!

Real Estate Update for Santa Clara County September 2013!

Good evening everyone and welcome to Raymond’s Real Estate Update for Santa Clara County and San Jose Real Estate 2013!  Wow, what a year so far!!!  It’s already the end of September and before you know it I will be talking about 2014.

So where do I begin?  The inventory is still way down…a whopping 1,350 available single family homes as of today and that is down from our peak of 1,482 single family homes available in Santa Clara County in July of this year. Low inventory means a great year for sellers since the demand is very high even in August after the June and July summer months have passed us by.  So far August has had the highest amount of homes go into contract over any other month this year.  The County appreciated 24.4%↑ since January 2013 to $838,000 and was only 3% from hitting our all time high back in 2007, which was $868,000 median price.  Better yet, as of today $810,000 median price for Santa Clara County is up 83%↑ from our all time low back in 2009, so if you are one of those buyers who waited for the phantom inventory or homes to keep dropping I hope you are convinced it’s not coming.

While the median price dropped from July 13 to August 13 by 3%↓…if this inventory doesn’t increase in many areas I hate to say, but the median price can climb even more come spring 2014.  Especially when I hear my colleagues say there are missing out on properties in Cupertino after offering $300k over asking with 0 contingencies and free rent back only to get rejected. I know we still have interest rates that do help in the real estate market, but here in Santa Clara County it’s not the only factor when buyers decide to take ownership or upgrade.  Between the rental market getting tighter and the interest rates that have risen by 1% from the beginning of the year seems like it washes out as homes are still selling at record highs.

Here is a graph of what the inventory use to look like 5 years back. The light green bar means available homes for sale…

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

Santa Clara County median price up 24% for the year.

ALMADEN median price 3%↓ July 13-Aug. 13 or 8%↑ for the year.

 Cupertino median price 4.6%↓ July 13-Aug. 13 or 15%↑ for the year.

Cambrian median price .7%↑ July 13-Aug. 13 or 11.8%↑ for the year.

CAMPBELL median price 1.8%↓ July 13-Aug. 13 or 13.6%↑ for the year.

SANTA CLARA median price 2%↑ July 13-Aug. 13 or 25%↑ for the year.

LOS GATOS-Monte Sereno median 5.3%↓ July 13-Aug. 13 or 3.2%↓ for the year.

BLOSSOM VALLEY median price .8%↓ July 13-Aug. 13 or 23.6%↑ for the year.

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