Milpitas Real Estate Market Update 01-25-2018

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1) Milpitas MLS Market Update
-12 pending sales
-new listings:
-1619 Butano Drive 4bd 2ba 1504sf lot size 6300sf $1,068,888
-1955 Yosemite Drive 4bd 2ba 1558sf lot size 6392sf $1,150,000
-434 Falcato Drive 4bd 3ba 1715sf lot size 7000sf $1,250,000
-210 Valmy Drive 3bd 2ba 1176sf lot size 6341sf $968,800
-1068 Crescent Terr 4bd 3ba 2150sf lot size 9173sf $1,480,000
-coming soon; (Master Brokers)
-210 Butler St 3bd 2ba 1440sf lot size 6500sf $998,888
-1909 Grand Teton Dr 4bd 2ba 1800sf lot size 7500sf $1,098,888
-690 Lexington Dr 3bd 2ba 1100sf lot size 6000sf $899,888
Open House activity- 135 Casper St….$998,888..over 125+ groups through
Next Open House- 210 Butler St, Sat/Sun 2/10 & 2/11 1pm-4pm
2) Current Interest Rates
4.125% 30 yr fixed conforming
3.75% 15 yr fixed conforming
4.25% 30 yr fixed jumbo
3.875% 15 yr fixed jumbo
3) San Jose Mercury News Articles
“Over-asking Housing Market Roars”- 1/18/18
-San Jose, 68.5% share of sales above list price , median
amount paid over list price $62,000
“New Year, same depressing real estate forecast”- 1/23/18
-In November, it was reported that a $216,181 household income
is needed to buy a median-priced home in the San Jose metropolitan
area….the highest income requirement among the nation’s metros,
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-Making the most of your relationship with your landscape professional
-What’s important to you?
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4) City of Milpitas Update
-Lunar New Year- Feb 8th 6pm-8:30pm- Milpitas Community Center
457 E Calaveras Blvd

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