It sounds so simple, and it works time and time again, when applied correctly: price the home correctly and it will sell quickly. Of course, the house has to be in good condition. But even if the house is not in tip-top condition, pricing it accordingly will make it move. Here is another exam...

04/19/2007

Cupertino Market Conditions 03 07

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Single Family Market Market conditions in Cupertino is drastically different than other cities in the area. Nowhere is this more evident than in the performance in the past three months. While everywhere else, inventory is outpacing sales on any given month (see Campbell and Santa Clara Coun...

04/12/2007

Campbell Market Conditions 03 07

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Single Family Market The market seems to be reacting predictably compared to last month. Coming from increased listing activities and flat sales activities through the past summer and winter months, we are entering the upswing into the spring and summer season. There is no appreciable differenc...

04/12/2007

Santa Clara County Market Conditions 03 07

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Single Family Market There certainly is not a shortage of homes coming on the market in Santa Clara County right now. The number of homes coming on the market continues to be greater in volume when compared to the same period last year: a glaring difference. Also, the purchasing activity did no...

04/12/2007

Heard on the street

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I wrote about a house in Santa Clara with Cupertino Schools that received 42 offers a few weeks back. It was an average house, nothing special, on a semi-busy street and it did have an extra large lot, but mostly in original condition. Here is the final information. The house was listed at $71...

04/10/2007

Bay Area Bargains

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A 15,000 sq. ft., 6 story, 25 room townhouse in Manhattan is currently on the market for $59 Million. Apparently it has been on the market for several months. This famous mansion was once owned by Bob Guccione, the publisher of Penthouse magazine. After defaulting on loans, he lost his residen...

04/06/2007

Heard on the street

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The jokes we used to make to each other when I started in the business in 2001 was that soon every 3 bedroom 2 baths would cost a $1 Million dollars and we would all be out of business, because no one would buy homes. It was supposed to be ironic. The good thing is we are not all out of busi...

04/05/2007

Not too shabby....

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I was doing my Open House Sunday, when an elderly gentleman walked in saying he wanted to check out how the prices of homes were doing in the neighborhood. He was an original owner in the tract. He paid $17,500 for his 3 bed 2 bath unit 52 years ago. He is a very nice grandfatherly gentleman...

04/03/2007