Milpitas Real Estate Market Update 03-29-2018

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1) Milpitas MLS Market Update:
-17 pending sales
-new listings:
-1592 Fallen Leaf Dr, 4bd 2 1/2 ba 2382sf lot size 11,068sf $1,410,000
-2234 Lacey Dr 4bd 2 1/2ba 1856sf lot size 6801sf $998,888
-375 Oliver St 3bd 2ba 1130sf lot size 5929sf $968,000
-Coming Soon- Milpitas (Master Brokers)
-395 Dixon Rd 5bd 2ba 1620sf lot size 6132sf $899,888
-690 Lexington St 3bd 2ba 1100sf lot size 6000 $899,888
-335 Coelho St 3bd 2ba 1100sf lot size 6273sf $899,888
-1845 Blue Spruce Ct 3bd 2ba 1215sf lot size 3172sf…TBD
-309 Norwich Ave 3bd 2ba 1431sf lot size 6973sf ….TBD
-Open House Sat/Sun 4/14 & 4/15- 395 Dixon Rd, Milpitas 1pm-4pm
2) Current Interest Rates
-4.5% 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
-“Bay Area job market reached record high”-3/24/18
-Tech hiring in East Bay, South Bay fuels the employment growth..statewide
jobless rate fell to 4.3 percent in February, compared to 4.4 percent in January
-“Housing market stays red hot”-3/23/18
-February figures for Santa Clara, San Mateo and San Francisco climb to ‘amazing’
heights…median prices for resale, single-family homes were the highest they’ve ever
been-no small feat in a housing market where prices already are among the most
expensive in the nation
-“Don’t re-roof until you do these 5 things”- 3/21/18
-Check contractor qualifications
-Determine layover or tear off
-Research warranty
-Assess ventilation needs
-Check the weather
-“6 project ideas to recreate your kitchen”-3/25/18
-Replace your faucet
-Paint your cabinets
-Add a backsplash
-Elevate your faucet
-Explore sink options
-Change out those cabinets
4) City of Milpitas Updates
-Milpitas Unified District Updates-
-30 Taiwanese students visit Ranch Middle School and MHS
-Nurse, engineers talk to Milpitas High School students about their career pathways
-SAT, stands for Science, Art and Technology at Russell Jr High
-Milpitas High, middle school students medal at Santa Clara County Regional
Science Olympiad tournament
-MHS Band and Orchestra students earn high ratings at festivals this month
-Rose Elementary fourth graders go fishing….sponsored by Milpitas Rotary
Club and Milpitas High School ROTC
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