San Jose, CA Real Estate News

By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate
(KD Realty - 408.972.1822)
San Jose Listings Active Single Family Home Listings for week ending Nov 8, 2008 compared to Nov 10, 2007 San Jose Ca homes Willow Glen Homes 95125 There were 262 single family home listings active in the week ending November 8, 2008 compared to 198 single family home listings active in week ending November 10, 2007Of the 262 single family home active listings there were 26 short sales, 15 bank owned homes and 221 traditional listings.There were 38 San Jose condos and San Jose Townhomes listed active compared to 33 in 2007.Of the 38 San Jose condos and San Jose Townhomes there were 3 short sales, 9 bank owned reo and 26 traditional listings. Kathleen Daniels, Broker Realtor and Foreclosure/REO ExpertCopyright © 2008, All Rights Reserved by Kathleen Daniels *San Jose Listings ~ Willow Gl...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
The Penitencia Creek light-rail station just 10-minute walk from the trail, and a potential BART station nearby, the trail is expected to serve as a key alternative commuter link. After six years of planning, negotiations among multiple agencies and $1 million in construction and emergency repair work, San Jose rededicated three miles of the Penitencia Creek Trail, a significant link in the 550-mile trail envisioned to ring the Bay Area along ridges. It runs through the Berryessa neighborhood, bordering Penitencia Creek from Toyon Avenue to Mabury Road south of Educational Park Drive. Planners expect to extend the trail one more mile toward the hills, connecting Alum Rock Park in the east to the Coyote Creek Trail in the west. Bridges crossing the creek. The trail was developed in the ...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
November 13 Mercury News report     By the looks of things Berryessa has an area, that has the most  homes with their actual value,   being less that the mortgages they have against them.   Here's a few facts about this area....   When people think of Berryessa, they think of the homes off Berryessa Road and towords Milpitas.   There is an area off Penitencia Creek near Toyon School, this area isn't even considered within city limits, therefore these homes are less desirable.   But in all actuality most people do not know that this areas High School is Piedmont Hills. Making this area the secret for the berryessa residents, if you would like to know more about this area or any other area within Santa Clara County please feel free to contact me at   denise.stuart@coldwellbanker.com      
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By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate
(KD Realty - 408.972.1822)
San Jose Real EstateSan Jose Home Sales Reported in September 2008Property Type:  Single Family Homes ~ San Jose Ca Homes There were 526 single family homes reported sold in San Jose Valley during the month of September 2008. Current Inventory in the month of September 2008 = 3599 The average sales price was $559,531 The median sales price was $495,000 The average Days on Market (DOM) was 55 % LP Received = 98.15% There were 1108 new listings reported in San Jose Valley in September 2008. Property Type:  San Jose condos ~ San Jose townhomes There were 164 condos / townhomes reported sold in San Jose Valley during the month of September 2008. Current Inventory in the month of September 2008 = 1316 The average sales price was $340,045 The median sales price was $325,000 The average Days o...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
Good News! Your Berryessa Farmers' Market is now open year-round, rain or shine!               To our Friends of the Farmers' Market: Because of your enthusiastic support of the Berryessa Farmers' Market, it will now remain open year-round, rain or shine! The market will continue to provide you with the best in fresh locally-grown produce at the same location, 1376 Piedmont Rd. in San Jose, every Saturday from 9:00am to 1:00pm. We thank you for your support and look forward to seeing you throughout the year. Pacific Coast
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By CJ Brasiel 408-406-6035, Choose a real estate partner with a different view
(Veridian Realty Group)
Yes, "Corporate Owned" is the new phrase being utilized on the multiple listing service (MLS) to describe a home foreclosed upon and belonging to a corporation.  These listings are also called "bank owned" or REO (Real Estate Owned) properties.  With the recent bail out plan we may have to add another description, "tax payer owned" or TPO for short.  Sad, but true. One of the complaints I hear from clients searching the MLS is that they are unable to tell by the description whether or not a home is a "regular sale", short sale, or REO.  This is a bad practice by many agents but they are not required to give that information to the public.  They are required to indicate it to other agents.  Again, why I advise all buyers to have an agent that is representing your best interest.  After yo...
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By MichelleCherie Carr Crowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years
(Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty)
Exactly what does it take to get a real estate loan for a home in Santa Clara County (San Jose, Cupertino, Saratoga Lynbrook) these days? To quote the Bible, right now "The meek shall inherit the earth," or to paraphrase, "the conservative buyers shall get the loans." I constantly tell my clients that every market is good for someone; I just need to know what you want to do to best advise you on whether now is the best market for what you want to do. RIGHT NOW the Market favors : pay themselves first (put money into savings before paying other bills) are stable in their jobs do their homework and analyze the facts before committing to a course of action. Right now is one of the best opportunities for REAL Buyers and Investors to purchase homes and income property at reasonable interest ...
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By Glen A. Mitchell, Broker, CDPE, Santa Cruz, Half Moon Bay,El Granada
(Keller Williams Peninsula Estates)
Ok so this post is two weeks late in coming, but I wanted to acknowledge my friend Kevin O'keefe owner of Universal Structural Engineers.  He called me up with an extra ticket to see the sharks play the sharks in a preseason game.  Teal versus White.  Not only did we get to see the game(sharks won... surprise surprise), but were served dinner ahead of time.  Didn't win anything at the dinner raffle, but got a free shirt and poster to bring home to the kids.  At this point we can fast forward a couple weeks and say the sharks are already up 3-0.  Not a bad way to start.  Here is my prediction... Sharks win 2008-2009 Stanley Cup.  Ok so that's my prediction every year.  For more info on the sharks check out their great website at http://sharks.nhl.com/index.html.  Games are at the HP Pavi...
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Sereno Group Real Estate)
How're things in the Cambrian Park real estate market?  It's a bit of mixed bag, with some hints that the worst could be behind us. The months of inventory have been all over for Cambrian condos, but for houses, that number has mostly been under 6 months for most of 2008. The condo market has been improving steadily such that it, too, is lining up with the single family home market at just under 6 months of inventory. (Six months is the balance point, according to the National Association of Realtors. More is a buyers market, and less is a sellers market.) Right now, it is very close to being a "balanced market", meaning that it's about equally favorable to buyers as to sellers. Have a look at the graph below, which reflects the absorption rate, or months of inventory, for both single f...
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Sereno Group Real Estate)
How's the market?  In the Almaden Valley area of San Jose, there are mixed signs. Let's have a look at the absorption rate to begin our analysis of the San Jose real estate market in the Almaden Valley area (zip code 95120). The absorption rate is the rate at which homes are selling. It factors in the current inventory vs the closed sales for any given period of time. It could be months, weeks, or even days of inventory. If no new homes were to come on the market and properties continued selling at the current rate, how long would it take this pool of homes to sell off? That's what the absorption rate, or months of inventory, reflects. There's one disclaimer with the data as charted below. It relies on that ratio between current inventory and closed sales in any given period (in this ca...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
  A family is looking for the Lynbrook school area home, I found this home on our local reil.com. It is a 3 bedrooms and 2 baths on Johnson Ave small 1100 sf (approx) with 6327 sf.(approx).The asking price is $800K. It is on the market also for a while. Th Johnson Ave is a bit busier but the owner's kids can go to the excellent Fremont Unified School District such as Dilworth Elementary, Miller Middle and Lynbrook High. In year 2005 I helped my buyer to put an offer at Johnson Ave for $825K then it sold for $830K in 2005. One year early 2004 the same kind of the small Johnson home asked for $649K then sold for $743K. You may wonder:"Why buyers pay more than asking price?" because the family kids can go to the famous Lynbrook High School. Let us find out why Lynbrook High School area is...
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By Denise Stuart, Coldwell Banker
(Coldwell Banker San Jose Realtor )
                       Berryessa neighborhood Canival time is here!  1970 Morrill Middle School. October 17 - 19, 2008 Friday 4 - 10P.M. Saturday 10 A.M. - 10 P.M. Sunday 12 A.M. - 10 P.M. Schools will be selling food items, profits go back into the specific Schools. I will also be selling pre sale tickets, this also gives the school the opportunity to make money for the specific School Please call or email with any questions or presale tickets Denise Stuart Coldwell Banker 408-893-3400 denise.stuart@coldwellbanker.com Hope you can come and support our Schools.  
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By Keith Rockmael
(Intero Real Estate Services)
A shift in locale (from San Francisco to San Jose) did nothing to change the energy and the recent West Coast Green. As we any conference we tried to see as much new buildings materials, spy as much green washing and attend as many seminars as possible without suffering from green overload.After scoring the main trade floor, we hit the Lawrence Group designed and SG Blocks built, Harbinger House, which impressed us more than last years version (despite the fact of its inside location) with its innovative use of shipping containers. Because we export hardly anything anymore, shipping companies have find new uses for these 8,000-pound containers, so rather than ship them back empty they sold them and here they built a 1700 sq. ft two-story house.The simple yet functional interior fit righ...
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By Michael Greenslade
(Better Homes & Gardens | Mason-McDuffie Real Estate)
My last posting on Frontier Village, San Jose's beloved little old west theme park, we concluded our tour of the park. You may be asking yourself what ever became of this little park and why haven't I heard about it before.  Well, Frontier Village closed in 1980 and was torn down shortly afterward. Why did Frontier Village close?  Many factors went into the closure of Frontier Village. First off, increased competition from a new large theme park in Santa Clara "Marriott's Great America".  Great America being at least four times the size of Frontier Village, could offer something that Frontier Village could not, size. Great America was much closer and much more modern.  Great America made it's debut in 1976 and was backed by a huge hotel conglomerate with deep pockets.  The Marriott corp...
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By Michael Greenslade
(Better Homes & Gardens | Mason-McDuffie Real Estate)
Okay now that we have explored the Badlands on Stagecoach and Train excursions, now is the time to explore some other transportation methods that could be found in Frontier Village. Old 99 was a small train ride where the little kids could become the engineers of their own steam engine train.  There were no cars following the engines, just the little cartoon looking steam engines.  They would go around at a very slow speed around a small circuit of track.  If I remember there was a small bell that you could pull the rope and make it go clang, clang, clang as you went around engineering your train around. Near Old 99 was the Antique Autos ride.  These small cars would travel around on a small circuit concrete roadway.  These were electric powered by bus bar and were fun to drive.  They h...
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By Michael Greenslade
(Better Homes & Gardens | Mason-McDuffie Real Estate)
In my last blog on the defunct amusement park, we had just taken the Apache Whirlwind and Canoes for a ride. In this episode of my blog we will explore the wilderness of Frontier Village.  There were many ways of getting out there.  The best was by the train.  You could catch the train at where else, the train station at the front of the park.  The train would travel out of the town area and head toward the real train tracks along Monterey Highway.  Once beyond the main part of the park and clearing the lake it would make the turn back into what was called on the maps as "The Badlands".  It was landscaped enough where you couldn't see much of the park beyond the lake.  It felt like you had actually gone into the wilderness of the frontier. There was a creaky old tunnel that the train wo...
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By Michael Greenslade
(Better Homes & Gardens | Mason-McDuffie Real Estate)
In my last blog on the defunct amusement park, we had just reached the Sidewinder and the Stampede rides. Beyond that was the one ride that was the farthest back on the walking paths.  It was the Apache Whirlwind Rollercoaster.  The Apache Whirlwind was added in the last years of Frontier Village's existence.  It wasn't very tall by rollercoaster standards; in fact it rather hugged the landscape.  For what it lacked in height it made up in speed and twisty turns. It was powered by way of an electric bus bar and was going from the instant it left the station.  It would make about three cycles of the circuit and get faster and faster as it traveled around. There was a small outdoor amphitheater near the Apache Whirlwind.  The seats were situated around a small cove on the shoreline of the...
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By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Sereno Group Real Estate)
The stats aren't out yet from MLSListings.com, our MLS provider for the Silicon Valley Real Estate Market, so I did a little number crunching of my own to see how things are looking.Cambrian Park, a district of San Jose bordering Los Gatos, Campbell, Willow Glen and Almaden Valley, is a good barometer for Silicon Valley and tends to represent a good middle point for pricing. Want to know how Santa Clara County is doing? Check Cambrian. It's usually in step with the averages and medians countywide.That said, I wanted to see the absorption rate, or "months of inventory" for single family homes in Cambrian. The absorption rate tells us how long it would take to sell off the current inventory if no new homes came on the market and things continued selling at this pace. In Cambrian, the news...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Today I read a story from the San Jose Mercury News a home repair man cheated senior home owner for phony home repairs. He was kept in jail before for the same scam. Albert Robert Acuna, 55, pleaded guilty last month to charges that he cheated 10 elderly South Bay women out of thousands of dollars this summer, according to the Santa Clara County District Attorney's Office. He cheated on single, elderly women, some of whom are in their 90s. He would offer to clean their gutters or do simple roof repairs, and after spending a short time on the roof, then demand payment, Bourland said. He would often quote the women one price — say $80 for cleaning out the gutters — and demand another price like $180 in payment. Acuna often did little or no work. In some cases, Acuna would return the next ...
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