Milpitas Real Estate Market Update 03-15-2018

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VIDEO OUTLINE:
1) Milpitas MLS Market Update
-15 pending sales
-new listings:
-1169 Kovanda Wy 4bd 2 1/2ba 2097sf lot size 7939sf $1,488,000
-121 Ayer Lane 5bd 3ba 2241sf lot size 4125sf $1,388,000
-446 Folsom Ct 4bd 2 1/2ba 1860sf lot size 5251sf $1,118,000
-1028 Venus Wy 3bd 21/2ba 1833sf lot size 4845sf $1,098,888
-533 Marylinn Dr 3bd 2ba 1508sf lot size 6361sf $1,028,000
-1075 Starlite Dr 3bd 2ba 1410sf lot size 5135sf $899,900
-Open House activity 1909 Grand Teton Dr..Milpitas..over 130+ groups through
List price $1,198,888…..9 offers…sold for $1,599,000
-February 2018- Santa Clara County, Single Family Residence- Statistics
Milpitas….Average price $1,210,812….Median price $1,180,000…
Average days on market 10
2) Current Interest Rates
-4.5% 30 year 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
-“Tax law hits Bay Area housing hard”-3/08/18
-Federal tax changes will drive up the cost of home ownership by reducing
deductions in large amounts…a typical homeowner will lose $5,400 in deductions
this year under the new federal tax code
-“How to know what you want when house-hunting”-3/11/18
-Start with a preliminary visit to a mortgage lender
-Seriously consider your authentic preferences before starting your search
-Reveal your authentic reactions to the homes you visit
-Give a trusted agent some latitude to pre-screen properties for you
-Don’t hang onto an agent who ignores your preferences
-“Add fire safety to your family’s routine”- 3/09/18
-Count the alarms
-Install them properly
-Get complete coverage
-Install and maintain
-Plan your escape
4) City of Milpitas-
for updates……visit the website at;…www.ci.milpitas.ca.gov