You have to make it to this amazing Santa Teresa Beauty! You will not be disappointed…


Indulge yourself with this Santa Teresa beauty and all it has to offer. From the updated kitchen with granite slab counters that overlooks the private and well-manicured rear yard with a  stamp concrete sitting area, garden area, fruit trees and plenty of extra side yard for storage. To the incredible Santa Teresa Foothills just blocks away that offers up miles of trails for walking, biking, and or if you just want to stare at the beauty all day you can. This home is also within the Rancho Santa Teresa Swim and Racquet Club and just around the corner from the California Distinguished Santa Teresa Elementary (API 892 in 2013).  *School to be verified by buyer(s)…

OPEN HOUSE MARCH 7,8 1:30-4:30

Take a Virtual Tour: 283EstebanWay

SOLD IN 2 DAYS $315,000! $6,000 OVER ASKING…


living room -8 months ago a unit this size sold for $225,000

-19 days prior to me listing, a 2 bed/2bath closed at $319,000 vs. my 1 bed/1bath I ended up closing at $315,000.

-14 days prior to me listing, a 2 bed/2bath listed for $328,888 in same complex.

VIRTUAL TOUR: 708 Cassaday Ct

Wow…this is it! Just listed this amazing 1bed/1bath condo in Blossom Valley for only $309,000!!! Shows like a model…tell all your friends.


living room

The hidden gem you have been waiting for.  Exceptionally clean with a great location in Blossom Valley. This home offers freshly painted interior with laminate flooring, updated kitchen with granite tile, and maple cabinets with all white appliances included.  Plenty of natural light brighten up the living room with vaulted ceilings overlooking private balcony. Large inside laundry includes washer and dryer. Only minutes away from highway 87, light-rail, Starbucks, and grocery. 

▪ 1 bedroom with laminate flooring and walk-in closet.

▪ 1 updated bathroom with nickel finish fixtures, and solid surface counters.

▪ Kitchen with tile flooring, granite tile counters, maple cabinets, all white appliances (dishwasher, range-stove, microwave, refrigerator) and breakfast bar.

▪ Living room with laminate flooring, vaulted ceilings, and wall air conditioner.

▪ 1 designated covered parking with additional visitor spaces.

▪ Other features: Inside laundry with washer/dryer, greenbelt in front of unit, attic, extra storage (exterior).

▪ Living sq ft: approximately 648     Monthly HOA: $321 CLICK FOR

VIRTUAL TOUR: 708 Cassaday Ct

15 Healthiest Cities in the U.S.


Did you know that California represented 4 of the top 15 Metros in the Country when it comes to Healthiest Cities in the U.S.?  San Jose, CA ranked #6…  Click below to read more…

15 Healthiest Cities in the U.S..

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!

San Jose Real Estate Blog 2017

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