Milpitas Real Estate Market Update 05-31-2018

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VIDEO OUTLINE:
1)Milpitas MLS Market Update
-27 pending sales
-new listings:
-109 Park Hill Dr 4bd 2ba 2109sf lot size 7032sf $1,188,000
-99 Jacklin Ct 2bd 2 1/2ba 1430sf lot size 2578sf $999,900
-503 Oroville Rd 3bd 2 1/2ba 1698sf lot size 2887sf $998,000
-738 Parvin Dr 3bd 2ba 1318sf lot size 6439sf $998,000
-880 Erie Cr 2 bd 2 1/2ba 1350sf lot size 3739sf $998,000
-1287 Canton Dr 4bd 2 1/2ba 1867sf lot size 6463sf $995,000
-729 Folsom Cr 2 bd 2 1/2ba 1459sf lot size 3827sf $979,893
-Just listed- 309 Norwich Ave, 3bd 2ba 1431sf lot size 6973sf $1,098,888
-Open House Sunday- 6/03 1pm-4pm
-Open house activity on 1601 Yellowstone Ave, and sale update
-Sold- 676-678 N Abel St, duplex
-Coming Soon-
-1117 Nicklaus Ave 4bd 2 1/2ba 2351sf lot size 7164 $1,298,888
-2191 Seacliff Dr 4bd 3ba 2500sf lot size 6000 $1,488,888
-167 Lawton Dr 4bd 3ba 1900sf lot size 6300sf $988,888
-1845 Blue Spruce Ct 3bd 2ba 1251sf lot size 3171- TBD
2) Current Interest Rates-
-4.75% 30 yr fixed conforming
-4.125% 15 yr fixed conforming
-4.50% 30 yr fixed jumbo
-4.25% 15 yr fixed jumbo
3) San Jose Mercury News Articles
-“Tax law changes for 2018 buyers”- 5/27/18
-PMI deduction disallowed
-Mortgage interest deduction phaseout- capped at $750,000
-“4 ways hardscapes can add value to your home”-5/26/18
-Curb appeal
-Making unusable space usable
-Prevent erosion
-Safety and privacy
-“Home-price run continues”- 5/25/18
-Median price in April reaches a record $893,000 for a single-family
unit according to report from CoreLogic
4) MUSD Board Highlights from May 22, 2018 meeting
-LCAP Study Session- goals
-Trustee’s honor Cal Hills’ students who participated in Relay for Life
April 28-29
-Dual Immersion Program Update
Program at Randall Elementary has completed its second year of
implementation.
For City of Milpitas Updates- visit….www.ci.milpitas.ca.gov