Milpitas Real Estate Market Update 05-10-2018

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VIDEO OUTLINE:
1) Milpitas MLS Market Update
-26 pending sales
– New listings:
-1555 Hilltop Dr 6bd 4 1/2ba 6178sf lot size 1.54acres $3,800,000
-682 Cardiff Pl 4bd 2 1/2ba 2390sf lot size 10,322sf $1,650,000
-355 Los Coches St 3bd 2 1/2ba 1951sf lot size 1918sf $1,419,000
-478 Coelho Ct 5bd 2ba 1634sf lot size 6542sf $1,250,000
-679 Santos Ct 4bd 2 1/2ba 1717sf lot size 6410sf $1,250,000
-125 S Park Victoria Dr 5bd 3 1/2ba 2320sf lot size 8370sf $1,188,000
-469 Taylor Dr 3bd 2ba 1198sf lot size 5544sf $948,888
-1401 Lassen Ave 3bd 2ba 1065sf lot size 5515sf $925,000
-Just Listed- duplex, 676-678 N Abel St, $1,398,888
-Open House Sat/Sun 5/12 & 5/13 1pm-4pm-
335 Coelho St, 3bd 2ba 1100sf $899,888
-Open House Sat/Sun 5/19 & 5/20 1pm-4pm
1601 Yellowstone Ave 4bd 2ba 1737sf $1,298,888
-Open House Sat/Sun 6/09 & 6/10 1pm-4pm
309 Norwich Ave 3bd 2ba 1431sf $1,098,888
-Coming Soon:
-1117 Nicklaus 4bd 2 1/2ba 2351sf $1,298,888
-1845 Blue Spruce Ct 3bd 2ba 1215sf- price 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
-“Jobs at center of crisis?”- 5/03/18
-High-skilled, high-wage industries draw more into California than are being forced out
People are flocking to the Bay Area for high-skilled, highly paid jobs, while cashiers,
teachers and construction workers are, increasingly, saying goodbye to a place they
no longer can afford.
-“Interest rates are rising: Should you buy a home or wait?”-5/04/18
-Indeed, you may be wondering if you waited too long and let the historically
low interest rates pass you by or if you can still find a dream home that fits within
your current budget. Experts say that it’s true that rates are at their highest in almost
four years and that this year has been particularly rough, however, it’s not all bad news,
rates are still well below the levels seen 10,20 and 30 years ago.
-“Soaring rent leaves some behind”-5/05/18
-Report shows an increase in both homelessness and housing costs-
“We’re seeing rents and housing prices go up to a level where people who
never thought they would have to worry about housing stability are having to
worry”- Gloria Bruce, executive director of East Bay Housing Organizations
4) City of Milpitas Updates-
visit…..www.ci.milpitas.ca.gov