Silicon Valley Real Estate & Miscellany

By
Real Estate Agent - Certified Realty Services - BRE# 00572654
The Santa Clara County real estate market is adjusting to the tightening credit standards and subsequent loss of Buyers. From about 2002 to 2006 the real estate market was kept more active than the underlying fundamentals would justify because of the liberal financing and easy credit standards. Buyers didn't need a down payment, they didn't to verify their income and they used deeply discounted adjustable interest rate loans to qualify to financing. All of this is "coming home to roost" and the low-end of the market, in particular, is very soft. Well-priced homes in good locations are still active.
RECENT BLOG POSTS
How Long Will It Take to Sell a Silicon Valley or Santa Clara County Home? Not very long.  In August 2012, one-half of all Single Family Residences located in the most popular Silicon Valley cities such as Palo Alto, Mountain View, Cupertino and Sunnyvale sold in fewer than 11 days.  In San Jose,...
09/16/2012
Celebrate Saratoga! Sunday September 16th Saratoga, CA where I live and work is a quiet town at the Eastern base of the Santa Cruz mountains in the San Francisco South Bay Region.  Major Silicon Valley company headquarters (including Apple, Google, Intel, Sisco Systems, Adobe, Symantec, E-Bay, Ne...
09/13/2012
A Market Healing; Five Years of Short Sale & Foreclosure (REO) Listings in San Jose. The declining percentage of Short Sales and Foreclosures (REO) Listings reflects the healing San Jose Real Estate Market.  The Graph shows the percentage of Short Sale and REO listings of Single Family Residence,...
09/10/2012
Emergency Re-Blog.  All Hands on Deck. Our Sweetest Member may Crack.  Sharon Tara and her grandson Zack need your help.   Sharon is one of Our Sweetest and Kindest AR Members and she's Ready to Crack.  Don't let that happen.  We need your vote for Choo Choo.  This is the final day to vote.  Roge...
09/03/2012
Coyotes in West San Jose.  The San Jose Mercury News reported that coyotes killed two domesticated cats in West San Jose over the last two weeks. West San Jose is not wilderness, or even rural.  It's a suburban neighborhood of well-maintained homes and lots of families with children.  Urban critt...
09/02/2012
What is a Slime Ball Agent?  Undisclosed Multiple Offers in CA. Our market can be very exasperating for Selling Agents and their buyers.  In many parts of CA we are having multiple offers.  A full-price, full-term, "As Is" offer from an 800 FICO score buyer with 20+% down payment is no guarantee ...
09/01/2012
How Much do Homes in Silicon Valley Cost? The graph shows the Median Sale Price of Single Family Residences sold in July, 2012 in Silicon Valley and Santa Clara County Cities as reported by the local Multiple Listing Service (MLSListings, Inc). Why are home prices in Silicon Valley so high?  Basi...
08/24/2012
Real Estate Market Conditions in Silicon Valley and Santa Clara County in July, 2012 The Santa Clara County and Silicon Valley Real Estate Market continued its torrid pace in July, 2012. One-half of the 1,030 Single Family Residences sold, sold in 15 days or less. Homes sold on average for 102% o...
08/24/2012
No Adult Supervision at California Association of Realtors; Teenagers are in Control. The entire universe requires a prospective buyer to tender an Earnest Money Deposit when that buyer offers to purchase real estate.  But not in California. Realtors everywhere believe a deposit demonstrates the ...
07/23/2012
Santa Clara County Koi Pond Tour July 21st, 2012 On July 21st the Santa Clara County Koi and Water Garden Club is hosting their 21th Annual Koi Pond Tour.  Six Club members open their backyards complete with Koi Ponds to the public. Docents are present at each pond to answer questions about Koi a...
07/20/2012
Rainmaker
376,147

Lloyd Binen

Silicon Valley Realtor since 1976; 408-373-4411
local_phone(408) 373-4411
smartphone(408) 373-4411
Contact The Author
What's Up in Silicon Valley Real Estate. Particularly Saratoga, Cupertino, Campbell, West Valley, Mountain View and Sunnyvale.