Milpitas Real Estate Market Update 02-22-2018

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VIDEO OUTLINE
1) Milpitas MLS Market Update
-20 pending sales
-new listings:
-1855 St Andrews Ct 4bd 4 1/2ba 6745sf lot size 18,326sf $3,800,000
-1230 Traughber St 3bd 2ba 1512sf lot size 5993sf $989,000
-122 Woodland Ct 3bd 2ba 1240sf lot size 3941sf $860,000
-coming soon (Master Brokers)
-1909 Grand Teton Drive 4bd 2ba 1652sf lot size 7000sf $1,198,888
Open House Sat/Sun 3/10 & 3/11 1pm-4pm
2) Current Interest Rates
4.375% 30 yr fixed conforming
3.875% 15 yr fixed conforming
4.625% 30 yr fixed jumbo
4.125% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“Mortgage rate hikes adding to buyer woes”-2/21/18
Purchasing a Bay Area home could get more painful as interest rises, mortgage rates nearly
surging to a four-year high…..the average interest rate for a 30 yr fixed rate mortgage has
jumped up almost half a percent since the beginning of the year
-“Bay Area home values keep climbing up”- 2/21/18
In most parts of the country- inexpensive starter homes are making the greatest gains in
value for buyers….but once again, the Bay Area is running counter to national housing
trends….owners in the San Jose metro area buying into the lower third of the market
saw an 18% return last year…..
-“5 Spring remodeling projects sure to brighten your home”-2/18/18
-Take the mud out of the mud room-consider installing a Fiat Molded Stone mop
service basin with a multi-function hand shower to give your family a convenient
and stylish spot to wash off boots and other bulky items
-Shed a little (more) light in your foyer-your foyer the entry point needs the right
lighting solution…..newer LEDs or halogen light sources naturally generate a warmth
-A masterful master bath- should provide luxurious relaxation….a freestanding slipper tub
coordinated high-back sink accented with a charming wall-mount faucet
-Make your outdoor space amazing-A pergola is an easy-to-build addition that can
give you a relaxing place to avoid the sun..adding flagstone seating area or creating
a decorative border for a new fire pit might be perfect for family.
-Shower power for all- for the all-purpose family bathroom, upgrading to a highly
functional shower system will deliver results efficiently and enjoyably for all users.
4) City of Milpitas- updates………visit….www.ci.milpitas.ca.gov

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