Milpitas Real Estate Market Update 04-19-2018

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VIDEO OUTLINE:
1) Milpitas MLS Market Update
-28 pending sales
-new listings:
-564 Martil Way 4bd 2 1/2ba 1845sf lot size 5459sf $1,198,888
-706 Superior Rd 3bd 2 1/2ba 1698sf lot size 3165sf $1,099,000
-578 Folsom Cr 3bd 2 1/2ba 1698sf lot size 2700sf $1,088,000
-726 Vasona St 3bd 2ba 1277sf lot size 6242sf $962,888
-494 Folsom Cr 2bd 2 1/2ba 1350sf lot size 2992sf $888,888
-Open House Sat/Sun 4/21 & 4/22 1pm-4pm- 395 Dixon Rd, Milpitas $899,888
-“Coming Soon”- Master Brokers
-335 Coelho St 3bd 2ba 1100sf lot size 6273sf $899,888
-1601 Yellowstone Ave 4bd 2ba 1737sf lot size 5608sf $1,298,888
-1845 Blue Spruce Ct 3bd 2ba 1215sf lot size 3171sf TBD
-309 Norwich Ave 3bd 2ba 1431sf lot size 6973sf TBD
-1117 Nicklaus Ave 4 bd 2 1/2ba 2351sf lot size 7164sf TBD
March 2018 Santa Clara County Housing Statistics- Milpitas
-Average price $1,258,846 Median Price $1,200,000 Days on Market 8
2) Current Interest Rates
-4.5% 30 yr fixed conforming
-4.125% 15 yr fixed conforming
-4.625% 30 yr fixed jumbo conforming
-4.125% 15 yr fixed jumbo conforming
3) San Jose Mercury News Articles
-“4 trends that are changing floor plans in new-builds”-4/15/18
-Outdoor rooms
-Multigenerational living
-Open living spaces
-Customization
-“How to handle rising interest rates in 2018”- 4/14/18
-Credit cards
-Home Equity
-Auto loans
-Mortgages
The good news is that you will be getting more money on bank savings
accounts, money market accounts and certificates of deposit
-“Debating whether to remodel or sell your house? Ask these 7 questions first”-4/15/18
-How long have you been in your home?
-Did you think about the reality of renovations?
-Are you going to over improve your home?
-Do you like your location?
-How much can you get for your home?
-Would you be happy with a face-lift?
-Have you truly outgrown your space?
4) MUSD Board Highlights from April 10, 2018 meeting
-Milpitas Model UN recognized for achievement at first ever conference
-May recognized as National Asian/Pacific American Heritage Month
-Milpitas Management Association, California School Employees Association
tentative agreements approved
For City of Milpitas updates……www.ci.milpitas.ca.gov