Milpitas Real Estate Market Update 03-08-2018

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VIDEO OUTLINE
1) MLS Market Market Update
-19 pending sales
-new listings:
-793 Terra Bella Dr 3bd 2ba 1778sf lot size 5834sf $1,098,000
-91 Jacklin Ct 2bd 2 1/2ba 1430sf lot size 2622sf $949,988
-1909 Grand Teton Dr 4bd 2ba 1652sf lot size 680sf $1,198,888
-Open House this weekend……3/10 & 3/11 1-4
1909 Grand Teton Drive, Milpitas
-coming soon:
-335 Coelho St, Milpitas 3bd 2ba $899,888
-690 Lexington St Milpitas 3bd 2ba $899,888
2) Current Interest Rates
-4.50% 30 yr fixed conforming
-4.0% 15 yr fixed conforming
-4.625% 30 yr fixed jumbo
-4.25% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“10 ways to help your home sell”3/04/18
-Determine the mood you want to create or message you want to send within your space,
then incorporate appropriate lifestyle elements
-Use colorful accents
-Develop a clear color scheme
-Consider the end user
-Create the look of a model home
-Dress shelves and bookcases
-Don’t ignore areas such as kitchens and closets
-Focus on main or key areas
-Create an appealing point of entry
-Use decorative elements such as artwork, books and accessories to help tell your story
-“Buying a home sight unseen?” 3/04/18
-With so little on the market, some Bay Area house hunters are making offers without
setting foot on the property…..”If you’re in a place like the Bay Area, you’re putting
in a lot of offers. You’re having to do it so often, and you have to do it so fast”
-“5 tips to consider utilizing when getting your abode ready for sale” 3/04/18
-Think hard before installing carpeting
-Vinyl siding is sliding
-Raising interest on roofs
-Bigger homes need high ceilings
-Expensive features usually become more commonplace
-“Record returns for Bay Area homes” 3/01/18
Aggressive buyers push up year-over-year median sale prices for the 70th
straight month, topping mark once held by dot-com boom era
4) City of Milpitas Update
-BART stations may not open until 2019- San Jose Mercury News 3/03/18
-For Campus Connections Newsletter- MUSD- contact dhughes@musd.org