Milpitas Real Estate Market Update 05-03-2018

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VIDEO OUTLINE:
1) Milpitas MLS Market Update
-23 pending sales
-new listings:
-946 Kristin Ridge Wy 4bd 3ba 2460sf lot size 7378sf $1,748,000
-1800 Armand Dr 4bd 2 1/2ba 1720sf lot size 6000sf $1,268,888
-156 Washington Dr 4bd 2ba 1358sf lot size 6015sf $999,888
-Open Sat/Sun 5/12 & 5/13 1pm-4pm- 335 Coelho St $899,888
Open Sat/Sun 5/19 & 5/20 1pm-4pm-1601 Yellowstone Ave $1,298,888
Open Sat/Sun 6/09 & 6/10 1pm-4pm- 309 Norwich Ave $1,098,888
-Coming Soon-
-690 Lexington St 3bd 2ba 1100sf lot size 6000 $899,888
-676-678 N Abel St duplex $1,398,888
-1117 Nicklaus Ave 4 bd 2 1/2ba 2351sf lot size 7164sf TBD
-1845 Blue Spruce Ct 3bd 2ba 1215sf lot size 3171sf TBD
2) Current Interest Rates
-4.75% 30 yr fixed conforming
-4.25% 15 yr fixed conforming
-4.75% 30 yr fixed jumbo
-4.37% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“Home sales a ‘feeding frenzy’- 4/25/18
-The most desirable locales in the Silicon Valley gained nearly 30 percent
over last year.Homes are still the hottest commodity in the Bay Area. Median
home prices in the region continued an unprecedented six year run, with
resale homes gaining double-digit value in the last year.
-“Houseplants add natural beauty to your home”- 4/26/18
-Find the right level of light
-Dust them
-Water correctly
-Watch out for drafts
-Add fertilizer
-Watch for insects or disease
-Repot when necessary
-“How to lighten, brighten your home this spring”- 4/29/18
-Use lots of mirrors
-Use bright colors that can mimic sunshine
-Incorporate lighter tones as accents or even primary colors
-Consider citrus colors such as green and chartreuse
-Bring the outdoors in
4) City of Milpitas Updates
-MUSD Board Highlights- 4/26/18 meeting
-Staff explores possibilities for a second high school campus
located at the Ayer site, would accommodate 450 students
for City of Milpitas updates- visit www.ci.milpitas.ca.gov